October 10, 2006

7-Oct-06. Cashing in on betting fever. National Post, FP1.

This lengthy article looks at the global growth in consumer spending on all forms of gambling which was estimated in 2004 at $US 244-billion. Statistics Canada says the growth of Canada’s gambling industry has far outpaced all other industries since 1992. Jason Azmier, senior policy analyst at the Canada West Foundation, noted that trapping the leakage of gambling revenue to overseas or illegal operators has served as effective justification for expansion of legal lotteries and casinos.