This translation has been automatically generated and has not been verified for accuracy.Jim Lawson likes where Woodbine Entertainment is positioned on Canada’s changing single-game sports betting landscape.
Bill C-218 also includes protection for the horse-racing industry in Canada as it prohibits fixed-odds wagering on racing. “Betting companies that by their nature and history want to offer horse-racing as part of their sports-betting menu are going to have to come to Woodbine Entertainment,” Lawson said. “We hold the licence for sports-betting on horse racing in Ontario and Bill C-218 does not permit fixed-odds wagering on horse racing so they have to do it through pari-mutuel and they will have to do it through us.”“People like to bet at sportsbooks,” he said.
“Single-game sports betting is a game-changer for the CFL and other professional sports,” said Wade Miller, the president of the Winnipeg Blue Bombers. “It provides us an opportunity to really change our revenues in the CFL. Last month, a TSN report suggested CFL teams could receive an influx of $1.5- to $2-million each as a result of legalized sports betting.
Except for the fact that no one cares about horse racing. It's a business that only exists because it has a pipeline of taxpayer $$$ going to it.