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Canada Ready to Regulate Foreign Online Gambling?
TORONTO, CANADA --
As more Canadian provinces move toward operating online gambling sites through their respective lotteries, some citizens of the country are saying it's time Canada also began regulating the Internet casinos operated overseas and used by Canadian residents.
Advocates at the Canadian Gaming Summit say online gambling is just another form of entertainment, like sports or movies. However, the danger in Internet gaming lies in the lack of protection from scams and fraud residents suffer when they play unregulated games.
The president of the Interactive Gaming Council, John FitzGerald, says that allowing online gambling to be legally operated by private companies would automatically bring better regulation, along with other benefits.
"It would create more jobs, more innovation through technology and it could create more revenue for government," FitzGerald said at the Summit.
Other gaming experts added that regulation and acceptance would allow greater success with age verification and self-exclusion programs. Rules requiring credit card deposits could prevent minors from playing, and problem gambling info could be shared, stopping victims from moving on to another site.
So far, provinces willing to allow online gambling have done so not for consumer safety, but so as to monopolize the industry, reserving the revenue for themselves.
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