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The Government Authorizes Loto-Québec to Develop Online Gaming

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Press release Cabinet du ministre FOR IMMEDIATE RELEASE CNW CODE 01 + WEEKLIES The Government Authorizes Loto-Québec to Develop Online Gaming Montréal, February 3, 2010 - The Minister of Finance, Raymond Bachand, today announced that the government is authorizing the Société des loteries du Québec (Loto-Québec) to offer online gambling and games of chance. Online gaming is a fast- growing sector and accordingly Loto-Québec has been given the responsibility for channelling existing gaming activity towards a secure, legal and honest site. It is also a way to combat the underground economy.

Québec is not the first jurisdiction to take this approach to online gaming. Governments in a number of jurisdictions, including Scandinavian countries, France, Belgium, Spain, Australia and, closer to home, British Columbia and the four Maritime Provinces, have authorized their government corporations to offer online gaming. In Sweden, as a result of this approach, the government has succeeded in diverting 30% of Swedish poker players who frequented illegal sites.

Oversight of online gaming Online gaming has grown substantially in recent years. It is estimated that Quebecers currently have access to roughly 2000 online gaming and gambling sites. Without oversight, the growth of this activity results in harmful consequences both for players ... more. less.

and the community.<br><br> cLoto-Québec will ensure that the offering of online gaming is honest and secure. It will also take the necessary measures to make sure that efforts to combat gambling addiction remain a priority, d the Minister said. A secure and regulated site Unlike the situation that prevails on certain illegal sites, Loto-Québec will offer stable rates of return and reliable games.<br><br> Minors will be prohibited from accessing the gaming site. Measures to control the amount of time and money spent gaming will also be implemented. cLoto-Québec will apply its internationally-recognized expertise in responsible gaming and, drawing on the proven Swedish model, will introduce a number of control and prevention measures, d the President and CEO of Loto-Québec, Alain Cousineau, explained.<br><br> In addition, the profits stemming from these gaming activities will benefit Québec and may be used, in particular, to fund essential services such as health and education. Creation of a monitoring panel An online gaming monitoring panel will be set up once Loto-Québec 9s gaming site goes online. Consisting of a variety of experts, including university researchers known for their expertise in the field of games of chance, the panel will be mandated to study the social impact of the development of online gaming in Québec.<br><br> It will also study regulatory, technical, economic and legal measures to counter illegal gambling and will report to the government. Loto-Québec, a responsible manager Since its creation in 1969, Loto-Québec 9s mission has been to manage games of chance and gambling in an orderly and measured way. Its experience with the implementation of casinos and the network of video lottery terminals has kept these forms of gaming out of the control of organized crime, while offering these products with integrity, in safe environments for the benefit of the community.<br><br> Currently, the prevalence rate of compulsive gamblers in Québec is the lowest in Canada, at 0.8%. cOver the years, Loto-Québec has been able to strike a balance between the economic side of its activities and social responsibility. In the same spirit, the government is now authorizing it to take charge of online gaming to offer safe, quality products, thus providing a legal channel for this activity sector in Québec, d Minister Bachand concluded.<br><br> - 30 - Source: Catherine Poulin Press Relations Officer Office of the Minister of Finance and Minister responsible for the Montréal region 418 643-5270 514 873-5363

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