Bill C-218
i3 commends Canadian Government efforts to legalize single event sports betting in Canada
i3 Interactive Inc. is pleased to announce that, Bill C-218 was voted on and passed at second reading in the House of Commons on February 17, 2021. If Bill C-218 passes as currently constituted, it would grant provinces and territories in Canada the responsibility of regulating single-events sports gambling.
Referred to as The Safe and Regulated Sports Betting Act, Bill C-218 repeals a section of Canada’s criminal code making wagering on a single sporting event illegal. Bill C-218 will now enter into the last phase of hearings with the Justice Committee where it could receive further amendments, and will then be sent to the Senate and the Governor General for Royal Assent.
The vote was passed with overwhelming support in the House of Commons, which demonstrates the vast level of support from all parties for single-event sports wagering in Canada.
Chris Neville, CEO of i3 states, “The passing of Bill C-218 in the House of Commons with a vote of 303-15 is a positive move for the online gambling industry in Canada. The state of New Jersey alone is generating $1 billion dollars of taxable income per month for the New Jersey government with the NJ receiving 16.5% of this billion monthly. With the recent pandemic and the state of the financial economy of Canada, this bill comes at the best time possible. Sports are a popular source of entertainment during this pandemic, and allowing people to bet on their favourite sports team will add so much excitement for the viewers. If this law is passed, the citizens of the country will no longer fear dealing with offshore books and getting their money paid out after successful bets. We expect this to be a prosperous industry in Canada.”
“From a inter-company standpoint this will help progress our growth in the Canadian market and help grow our revenue to the levels to enhance shareholder value”, says Chris Neville.
Alberta
Real Luck Group Welcomes Step Towards Single Event Betting in Canada After Bill C-218 is Passed
Real Luck Group Ltd. and its subsidiary companies doing business as “Luckbox” (the “Group”), a provider of legal, real money esports betting, has commented on the status of legislation, Private Members Bill C-218 and Bill C-13, to legalize single event sports betting in Canada.
Private Members Bill C-218 was voted on and passed in the House of Commons on Tuesday, February 17, 2021. Similar legislation in Bill C-13, which was previously introduced by the federal government, would legalize single event sports betting at the federal level in Canada and is anticipated to be taken up by the House of Commons in the near future.
Bill C-218 was adopted at the second reading with 303 votes in favour and 15 against.
Bill C-13 proposes amending paragraph 207(4)(b) of the Criminal Code to make it lawful to bet on a single sports or athletics event.
“This overwhelming result shows there is cross-party support for an amendment to what is an outdated law and very welcome for organisations like ours which offer safe, responsible and enjoyable wagering on events,” Luckbox CEO Quentin Martin said. “This outcome is another significant step towards being able to offer safer waging to the millions of sports and esports fans in Canada. Legalization, regulation and working with responsible operators is, in our view, the best means to keep fans safe and offer them the best possible experience. We will be following the outcome of Bill C-13 very closely during these exciting times fans of esports, sports and the igaming industry in Canada and the US.”
The Company, based in Calgary, Alberta, has previously submitted its application to join the Canadian Gaming Association ahead of the anticipated legalization of single-event wagering in Canada.
Luckbox offers wagering, live streams and stats on all major esports, including CS:GO, Call of Duty, Overwatch and League of Legends, as well as betting on more than 100 sports through its proprietary platform.
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