BUSINESS

N.S. may realize net gaming opt out doesn’t make dollars, doesn’t make sense

TAGs: Atlantic Lottery, Marie Mullally, Nova Scotia Gaming Corporation, Premier Darrell Dexter

As part of its function the head of the Crown Corporation in Nova Scotia Canada that deals with gaming in the province is now trying to figure out how much the decision by the government to opt out of online gambling will actually cost.

Recently, Nova Scotia Premier Darrell Dexter stated that the province will not expand the online gambling products offered by the Atlantic Lottery Corp. Now Nova Scotia Gaming Corporation’s boss Marie Mullally has the responsibility of determining just how much that decision will cost. Mullally has made comments on the decision by the NDP government noting, “Speaking to experts and those who have been following the emergence and growth of online gaming, as well as mobile gaming across the world, I expect there will be an impact on our business,” Mullally continued, “There will be an impact on revenue, there will be an impact on the customer base, but the actual extent of that impact is not fully known at this time.”

Well, there are some past numbers that could give an indication of how costly the decision by NDP government could be, like the fact that the Atlantic Lottery estimates that $50 million per year leaves the Atlantic region in Canada for the more than 2,000 online gambling sites. Bottom line, when making business decisions, “If it don’t make dollars, it don’t make sense”. That’s not a quote from Warren Buffet, that’s from DJ Quick.

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