Canada passes new online gaming legislation

#1 2nd April 2010, 3:12 AM

Ottawa has gone all in with landmark Online Gaming Legislation
By Flo Oprail (CP) – 1 hour ago

Ottawa, ONT. Seeing Billions of dollars leave North America to off shore, Caribean countries, Canada has decided to wade into the warm waters of Online Gaming. Finance Minister, Jim Flaherty, told the media, "This will increase our tax roll by over $1 billion dollars over the next five years".

Current online gaming websites will have to pay licensing fees to the government as well as a 5% tax on every deposit a Canadian makes to their site.

After months of negotiations, the Canadian Government is handing over the reigns of Enforcement of this new legislation to First Nations. In return, all past and future land claims are settled.

In addition, all online poker sites will have to adhere to strict compliance to the new "shuffle legislation" which will oversee the RNG programs they use to make sure all is fair on the cyber felt.

Copyright © 2010 The Canadian Press. All rights reserved.

#2 2nd April 2010, 3:26 AM

wow...that surely hurts all the poker sites and players in some ways...luckily it doesn't happen to UK just yet...

#3 2nd April 2010, 3:41 AM

So, what does this mean for Canadian players?

#4 2nd April 2010, 5:11 AM

Since it is now April 2nd where I am, time to come clean. Oh, by the way, the story was written by Flo Oprail (or an anagram of April Fool).

#5 2nd April 2010, 5:16 AM

Good one !!!

Bet it had a few folks checking the news stories online for more details ....

#6 2nd April 2010, 5:25 AM

Good one, but its still april fools for 2hrs and 35mins over here. Way to spoil it for me, jk.

#7 2nd April 2010, 7:38 AM

Phew!!.. I was about to say "I'm moving to the States!!" << April Fool's

#8 2nd April 2010, 7:46 AM

Even if this wasn't a joke, why get worked up? According to what he said the POKER site has to pay the tax, not the player. Er, well I guess the site might decide to charge you that fee, but who really knows.

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