• Regulate gambling or lose the income

    08 October 2006


    Online betting is a grey area of law with huge profits

    Diane Francis, Financial Post
    Published: Saturday, October 07, 2006

    The world’s largest computer facilities for online gaming are located in Canada and are nicknamed MIT.

    This doesn’t stand for the Massachusetts Institute of Technology: It stands for the Mohawk Institute of Technology.

    That is because this gigantic “server park” — which drives many of the online gambling sites — is inside the Mohawk First Nations Reserve, also known as Akwesasne, which straddles the borders of Ontario, Quebec and the United States.

    “It operates just like the server parks in Costa Rica or Belize,” said William Rutsey, president of the Canadian Gaming Association, which represents those gambling enterprises in Canada that are legally licensed.

    The Americans are cracking down on Internet gambling, but nothing is being done in Canada.

    This is because gambling is a provincial matter and most governments and their gaming partners may not be aware of the huge growth of the business. Their inaction is combined with governmental fear of enforcing laws on any First Nations Reserve.

    So the beat goes on at MIT and elsewhere, with many Canadian players involved.

    Meanwhile, the United States has launched a crackdown and prohibition against online gambling. Stocks of Internet gambling companies around the world tumbled after Congress passed a law banning U.S. banks from financing online bets.

    Related News

    • 14 August 2019

      Global iGaming Market Value to Increase to $94.4 Billion by 2024

      The Global iGaming industry is very large and very profitable. All around the world, people are betting on sports events, horse races, and enjoying casino games or interactive video slots. The industry seems unstoppable, but exactly what is driving this growth and how will it all look like in the future? Now, a new market report by Zion Market Research answers these questions and reveals some surprising statistics about the industry and the factors at play in its growth. Massive Growth

      Read full article
    • 10 July 2019

      Grand Casino Baden’s Online Offering Goes Live in Newly Regulated Swiss Market

      Grand Casino Baden is the first gambling venue in Switzerland that will roll out a licensed online casino service after the new regulations took place early this year. Their online brand jackpots.ch, formerly a play for a fun destination, is now live as a real money venue where players can access more than 50 different games, including various slot and roulette offerings. Going Live in the Newly Regulated Swiss Market:

      Read full article
    • 11 June 2019

      The Netherlands Gaming Authority Expects Online Gambling Market To Open In January 2021

      The Dutch top gambling regulator announced that the Netherlands’ new regulated online gambling market won’t take off for another year and a half. During the Gaming in Holland conference, the chairman of the Kansspelautoriteit (KSA) gaming regulatory body, Rene Jansen, said that the regulator was planning for the country’s new Remote Gambling Act to take effect on July 1, 2020. International Operators Highly Interested:

      Read full article