H2 Gambling Capital has calculated that legalized online gambling in the US would spark 32,000 new jobs and $57.5 billion in new tax revenue over five years. It could also lead to $94bn in new economic activity. These are the sort of numbers that bring to mind the good work of Vancouver Sun tabloid reporter David Baines, who spent years trying to send online gaming companies packing from Canada to the huge detriment of the Canadian economy.
A number of those companies decided to move to Europe or Asia, where they continue to offer the described benefits to the local economies, because of Baines’ salacious and widely considered fictional articles, and this study just highlights what everyone already knows… that tabloid boy Baines knows sweet FA about business, tax bases or international trade. Read more