How will Canada’s new Liberal government affect the gaming industry?
The Liberal Party of Canada has won in a stunning victory over the Conservative government and now, they will be taking 184 seats with Justin Trudeau in the lead.
But what does this mean for the country’s gambling industry?
The National Liberal Party doesn’t seem to have any position yet about gambling expansion or laws in Canada, but based on the Liberals in individual provinces, it seems the gambling industry is in for a period of growth and progress.
Let’s take a look at Ontario for instance. Dalton McGuinty, Head of Ontario’s Liberal party, might not find opening more casinos in Ontario appealing as he once admitted, but since the province already has an existing gambling business, he and his party believe they might as well use it to make Ontario benefit from it.
In fact, his party’s support to gambling extends to online gambling market expansion which include offering real money online games, selling of lottery tickets online and sports betting expansion.
This is in complete contrast to the beliefs of Tim Hudak, leader of the Ontario Progressive Conservatives, who prefer that the private sector, not the government, delve into the gambling business.
The Liberal Party in British Columbia (Read about the party at: https://en.wikipedia.org/wiki/Liberal_Party_of_Canada) used to hold the same conservative view back in 2001. But today, they are the ones promoting BCLC’s online gambling website. They are even presiding over the huge expansion of casino building in British Columbia.
This 360 degree turn can be attributed to the $1.8 billion deficit of the province where the profits from gambling activities will be used to pay off debts.
So when Trudeau told his supporters that “work had only just begun”, we are hoping he would include progress in Canada’s gambling industry as well.