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| Nova Scotia May Introduce Online Gambling |
by Leroy Baker, Tax-News.com, New York
Wednesday, September 01, 2010
Although Nova Scotia cooperates with other Atlantic provinces on its lottery and
online interactive games offering through Atlantic Lottery Corporation, it is
attempting to go it alone on wider online gambling facilities.
Nova Scotia finance minister, Graham Steele, said in a radio interview that
thousands of Nova Scotians already gambled online on unregulated gambling sites
without the protective features and resources for getting help that a government
site could offer.
“I cannot consider it to be responsible to leave problem gamblers to
the mercy of illegal, unregulated offshore gambling sites, many of which are
thought to be fronts for organized crime. Why is that the right answer?”
Steele said. “I think, as a government that is responsible under the Criminal
Code of Canada, for gambling policy, our responsibility is to be there, and
to bring our resources to that task.”
After learning that Labrador and Newfoundland was unlikely to participate,
Steele told the Chronicle Herald newspaper that it was not necessary for all
four partners to agree on products offered. The other partners participating
in Atlantic are New Brunswick and Prince Edward Island.
The Atlantic Lottery Corporation has estimated that CAD50m in potential revenues
are lost to unlicensed external gambling websites.
A comprehensive report in our Intelligence Report series
examining the new possibilities that offshore e-commerce open up for business,
and analysing the offshore jurisdictions that have led the way in offering professional
e-commerce regimes for international business, with a particular focus on e-gaming,
is available in the Lowtax Library at http://www.lowtaxlibrary.com/asp/subs_reports.asp
and a description of the report can be seen at
http://www.lowtaxlibrary.com/asp/description_report6.asp
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