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British Columbia sets another online gambling revenue record

british-columbia-playnow-online-gambling-revenue-record The revenue gain was largely due to slots rising nearly 7% to C$1.37b, while table games were up less than 1% to C$492.7m. That meek table game performance is almost certainly to increased regulatory scrutiny following the ongoing scandal involving rampant money laundering at BC casinos, most prominently Richmond’s River Rock Casino , which is managed by Great Canadian Gaming Corp . Lottery revenue was also essentially flat at C$1.13b, despite another record performance by the Scratch & Win category. The flat result was blamed on a dearth of mega-jackpots in national lottery games. As for BCLC’s online gambling site PlayNow.com , revenue jumped 14.5% to C$180.6m, thanks in part to the launch of live dealer casino games in late January courtesy of Evolution Gaming. A focus on mobile player experiences, including a wider variety of slots titles and parlay sports betting options, also helped goose the numbers. BCLC doesn’t break out net income figures for its eGaming division, but capital spending on PlayNow hit C$4.1m in the most recent year, up from just C$1.6m in 2016-17. By way of comparison, Quebec’s online gambling monopoly reported revenue of C$118m in its most recent fiscal year, while Ontario’s gambling site – which launched much later than the other two provinces – generated just C$58.4m in 2016-17, the last year for which figures are available. Despite PlayNow’s revenue surge, the site may have already peaked in terms of its available audience. The 2016-17 report celebrated PlayNow’s registered http://casinobingo5mt.basinperlite.com customer base topping 370k, and the 2017-18 report contains the identical customer figure. Access to PlayNow is restricted to British Columbia residents, of which there are less than 5m.

For the original version including any supplementary images or video, visit https://calvinayre.com/2018/08/29/business/british-columbia-online-gambling-revenue-record/

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China unveils new set of lottery guidelines

Latest Casino and Gambling News , Gaming Law & Legislation , Online gambling regulation , China , Lottery In an effort to crack down on the unauthorized sale of lottery tickets, authorities in mainland China have reportedly published updated rules designed to further clarify how players may legally enjoy games for the nation’s China Sports Lottery and China Welfare Lottery. According to a Tuesday report from GGRAsia , the http://livebettingcy5.blogspeak.net new set of regulations from China’s Finance Ministry were unveiled on Monday after being endorsed by the Civil Affairs Ministry as well as the giant nation’s State General Administration of Sport and are set to become effective from the first day of October. Reportedly described as an ‘amendment’ to current directives, the latest instructions specifically prescribe as illegal the ‘online sales of [China] Welfare Lottery tickets and [China] Sports Lottery tickets without authorization’ while pointing out that the Finance Ministry has not changed its stance on such activities since instituting an all out ban in 2015. GGRAsia reported that the alterations, which have been designed to simplify the process of buying lottery tickets offline, further codify a prohibition against the issuing and selling of entry into overseas contests. The new rules furthermore make it clear that all retailers http://livebetting6bp.nanobits.org must have first received suitable authorizations from the State Council and the Finance Ministry before selling tickets into the China Sports Lottery and the China Welfare Lottery.

For the original version including any supplementary images or video, visit https://news.worldcasinodirectory.com/new-lottery-rules-published-in-china-58141

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