{"id":2909,"date":"2021-06-22T16:45:17","date_gmt":"2021-06-22T20:45:17","guid":{"rendered":"https:\/\/uat.woodbine.com\/corporate\/?p=2909"},"modified":"2021-06-22T16:45:17","modified_gmt":"2021-06-22T20:45:17","slug":"woodbine-entertainment-congratulates-the-senate-on-passing-sports-betting-legislation","status":"publish","type":"post","link":"https:\/\/uat.woodbine.com\/corporate\/2021\/06\/22\/woodbine-entertainment-congratulates-the-senate-on-passing-sports-betting-legislation\/","title":{"rendered":"Woodbine Entertainment Congratulates the Senate on Passing Sports Betting Legislation"},"content":{"rendered":"<p>Toronto, ON \u2013 Woodbine Entertainment congratulates the Senate of Canada on passing Bill C-218 at Third Reading debate earlier today. The Bill will now proceed to Royal Assent, the final milestone to legalize single event sports wagering in Canada.<\/p>\n<p>\u201cThis is a significant day for what is now an emerging sector in Canada that will regulate sports betting, generate new revenues and create new jobs,\u201d said Jim Lawson, CEO, Woodbine Entertainment. \u201cCongratulations to the Federal Government for taking this important step forward and creating a substantial opportunity for the Canadian economy.\u201d<\/p>\n<p>Bill C-218, which was introduced by MP Kevin Waugh, includes protection for the horse racing industry and the more than 50,000 jobs it supports throughout Canada by prohibiting fixed odds wagering on the sport. The amendment to the Bill was a result of a collaborative effort by the horse racing industry across the country.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Woodbine Entertainment Congratulates the Senate on Passing Sports Betting Legislation \ud83e\udd1d <a href=\"https:\/\/t.co\/1DKVWYC5GB\">pic.twitter.com\/1DKVWYC5GB<\/a><\/p>\n<p>&mdash; Woodbine Racetrack (@WoodbineTB) <a href=\"https:\/\/twitter.com\/WoodbineTB\/status\/1407439942192615431?ref_src=twsrc%5Etfw\">June 22, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Now that the Bill has passed the Senate, and with the protection for the horse racing industry intact, Woodbine Entertainment will focus its efforts on how it can use its extensive experience, expertise, and technology in legalized single event wagering to participate in fixed odds sports betting in a meaningful way.<\/p>\n<p>\u201cWe look forward to continuing discussions with provincial authorities and prospective partners that could provide this new sector with an opportunity to leverage our experience in offering legal single event sports wagering in Canada,\u201d Lawson added. \u201cAt the same time, participating in sports betting would provide an opportunity to create new a revenue stream for our industry and expose horse racing to new fans in an evolving sports marketplace.<\/p>\n<p>\u201cRecognizing that this new sector will create more options for the Canadian sports bettor, participating in offering sports betting is critically important for the sustainability of the horse racing industry and the tens of thousands of jobs it supports throughout the country.\u201d<\/p>\n<p>Woodbine Entertainment operates without share capital and its sole mandate is to sustain and grow the horse racing industry in Ontario.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Toronto, ON \u2013 Woodbine Entertainment congratulates the Senate of Canada on passing Bill C-218 at Third Reading debate earlier today. The Bill will now proceed to Royal Assent, the final milestone to legalize single event sports wagering in Canada. \u201cThis is a significant day for what is now an emerging sector in Canada that will [&hellip;]<\/p>\n","protected":false},"author":95,"featured_media":2867,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-2909","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Woodbine Entertainment Congratulates the Senate on Passing Sports Betting Legislation - Woodbine Entertainment<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/uat.woodbine.com\/corporate\/2021\/06\/22\/woodbine-entertainment-congratulates-the-senate-on-passing-sports-betting-legislation\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Woodbine Entertainment Congratulates the Senate on Passing Sports Betting Legislation - Woodbine Entertainment\" \/>\n<meta property=\"og:description\" content=\"Toronto, ON \u2013 Woodbine Entertainment congratulates the Senate of Canada on passing Bill C-218 at Third Reading debate earlier today. 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