Friday, April 6, 2007

Dear Ottawa : Want $200 million in free revenue?

While it is unlikely the "family values" oriented conservative party that has clawed it's way to a minorty government victory would consider such a "radical" proposal as the one I suggest I none the less feel it is my duty to make such a proposal.

At the moment there is a brand new industry online casino's and poker rooms. The casino's are the somewhat shady sister of the poker room's, which often exceed the service, quality and fairness of their "brick and mortar" brothers. The United States has put the online poker world into a frenzy by enacting some legislation to prevent the funding of poker sites.

If Canada were to be pro-active here there is much to gain. The free trade treaties we have signed with the United States mean if our federal government were to host an online poker room the United States could not prevent their citizens from signing up. With government planning we could create a safe, friendly, honest form of online gambling and capitalize on the billions of dollars of gross revenue in this industry every year.

The costs of this industry are incredibly low and the return on your dollar incredible. There is some tenuous legal ground, which is why the government should control it as they do liquer in Ontario. Online gambling is going to occur, we should license it and make money off it and also control any damage it might cause.

How big could it go? With the proper investment in software design and marketing as well as setting up or working within various electronic transfer companies (usemybank etc.) for safe, secure and convienient deposits.

The Canadian Government already does this with "normal" casinos. There are hundreds of millions of dollars in revenue that we should be earning; we should not pass up this incredible opportunity.

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