Passing of Bill C-218 seen as a historic moment by theScore CEO

Canada has moves one step closer to legalising single-event sports betting, as on Wednesday the Bill C-218 passed through Senate

Canada has moves i stone's throw closer to legalising single-event sports betting, as on Wednesday the Bill C-218 passed through and through Senate.

The billhook is eligible to take in royal accede and go a reality, although many are already excited at the prospect.

Canadian Gaming Association CEO St. Paul George Burns previously told Gambling Insider thither were a lot of hurdle race to laissez passer through.

Now, however, the modernisation of Canadian River sports betting, which hitherto operated inwards what can at long last follow described as an archaic state, looks very a great deal a reality.

Another proponent of the law, Saint John Levy, theScore Chairman and CEO, said: “The Senate’s going of Bill C-218 earlier today is a historical bit for Canada as it will legalise single-event sports betting.

“We give thanks MP Kevin Evelyn Arthur Saint John Waugh and Senators David Wells and Brent Cotter for championing this bill, which garnered warm all-party reinforcement through both the House of Commons and Senate.”

In a financial statement responding to the departure of Bill C-218, Levy said it is an of import stone's throw forwards since it allows theScore and other stakeholders to “usher in a robust industry”.

Levy added: “The forthcoming legalisation of single-event sports betting presents a real development opportunity for our integrated media and betting business.

“We make been actively preparing for the expanding upon of online sports betting and iGaming inwards our home province of Ontario, which is expected to commence later this year.”

TheScore estimates that online gaming inward Canada has a market place possible that could progress to betwixt US$4.3bn and US$5.4bn inward one-year revenue gaming revenue.

Meanwhile, Ontario as a marketplace could become equivalent to the fifth-largest US res publica past population; theScore estimates Ontario’s market place potency to be 'tween US$1.7bn and US$2.1bn.

Levy concluded: “Canadians testament at present be able-bodied to reap the legion(p) benefits resulting from a comprehensive, regulated sports betting framework that protects consumers, creates jobs and generates vital task revenue.

"The expiration of this legislating is momentous, and we are sure-footed Canada will encompass legal sports betting and become a leader inward this rapidly developing and cutting-edge industry.

"We looking forwards to continuing our collaborationism with the provinces to ensure the establishment of a safe market place that provides a rooms of dependable and trusted options for consumers.”