FansUnite Entertainment Inc has issued a statement following last week’s news to the effect that the Canadian Federal Government has introduced legislation that would legalize single-event sports betting and open the door to a Canadian market worth billions of dollars annually.
The proposed federal government legislation will give provinces and territories in Canada the discretion to offer single-event sports betting products and manage single-event sports betting either online or in a physical facility in their respective jurisdictions.
Scott Burton, CEO of the global sports and entertainment firm, said: “We are pleased that the federal government has decided to introduce legislation to legalize single-event sports wagering in Canada.
“This is the first important step to making sports betting competitive in this country, followed by the potential for outside operators to participate in the Canadian market. With our team and global experience in regulated jurisdictions, we are positioned to capitalize on this opportunity if and when it happens.”
The introduction of the enabling bill will have been welcomed by the National Basketball Association, the National Hockey League, Major League Baseball, Major League Soccer, and the Canadian Football League, all of whom registered their support for an amendment to Canada’s federal laws earlier this year.