{"id":2786,"date":"2020-11-26T12:45:18","date_gmt":"2020-11-26T17:45:18","guid":{"rendered":"https:\/\/woodbine.com\/corporate\/?p=2786"},"modified":"2020-11-26T12:45:18","modified_gmt":"2020-11-26T17:45:18","slug":"woodbine-entertainment-canadian-horse-racing-industry-support-legalization-of-sports-betting","status":"publish","type":"post","link":"https:\/\/woodbine.com\/corporate\/2020\/11\/26\/woodbine-entertainment-canadian-horse-racing-industry-support-legalization-of-sports-betting\/","title":{"rendered":"Woodbine Entertainment &amp; Canadian Horse Racing Industry Support Legalization of Sports Betting"},"content":{"rendered":"<p><strong>TORONTO, ON \u2013 Thursday, November 26, 2020<\/strong> \u2013 In response to the Federal Government introducing a Bill that proposes to legalize single event sports wagering in Canada, Woodbine Entertainment would like to congratulate the Government of Canada for considering the potential impacts to the horse racing industry.<\/p>\n<p>While the proposed Bill to Amend the Criminal Code would permit single event sports betting on most sports, Woodbine Entertainment is pleased that under the new proposed legislation, fixed odds wagering will not be permitted on horse racing.<\/p>\n<p>\u201cOn behalf of the entire horse racing industry and the more than 50,000 jobs it represents throughout Canada, I would like to congratulate the Government of Canada and Minister Lametti for clearly considering the interests of horse racing as related to the potential legalization of single event sports wagering,\u201d said Jim Lawson, CEO, Woodbine Entertainment.<\/p>\n<p>\u201cWe look forward to continuing to represent the views of the horse racing industry throughout the legislative process in the House of Commons and the Senate of Canada to ensure that our role continues to be supported and strengthened where possible,\u201d said Lawson. \u201cThis includes collaborating with the Federal and Provincial Government in future discussions regarding the impacts sports betting may have on horse racing while looking to enhance opportunities that would benefit the industry and the tens of thousands of people it employs.\u201d<\/p>\n<p>Woodbine Entertainment also offered its support for the legalization of fixed odds single event sports betting so long as it is provided an opportunity to be involved in a meaningful way.<\/p>\n<p>\u201cFor many decades, Woodbine Entertainment has legally operated single event wagering through a pari-mutuel model, earning the trust of bettors and government agencies, while developing safe and secure technologies that could also benefit single event sports wagering,\u201d said Lawson. \u201cThroughout our future discussions with government authorities, we look forward to demonstrating how we can play a meaningful role in the execution of the legalization of sports betting that leverages our industry-leading experience and technology in single event wagering, while also offering a solution that would ensure any profits derived from sports betting remain in our economy.\u201d<\/p>\n<p>Operating without share capital, Woodbine Entertainment\u2019s sole mission as an organization is to sustain the Ontario horse racing industry and the tens of thousands of jobs it supports.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>TORONTO, ON \u2013 Thursday, November 26, 2020 \u2013 In response to the Federal Government introducing a Bill that proposes to legalize single event sports wagering in Canada, Woodbine Entertainment would like to congratulate the Government of Canada for considering the potential impacts to the horse racing industry. While the proposed Bill to Amend the Criminal [&hellip;]<\/p>\n","protected":false},"author":95,"featured_media":1822,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[165,28,166,156,44],"class_list":["post-2786","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-fixed-odds","tag-jim-lawson","tag-legalization","tag-single-event-sports-wagering","tag-woodbine-entertainment"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Woodbine Entertainment &amp; Canadian Horse Racing Industry Support Legalization of Sports Betting - 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:\/\/woodbine.com\/corporate\/2020\/11\/26\/woodbine-entertainment-canadian-horse-racing-industry-support-legalization-of-sports-betting\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Woodbine Entertainment &amp; Canadian Horse Racing Industry Support Legalization of Sports Betting - Woodbine Entertainment\" \/>\n<meta property=\"og:description\" content=\"TORONTO, ON \u2013 Thursday, November 26, 2020 \u2013 In response to the Federal Government introducing a Bill that proposes to legalize single event sports wagering in Canada, Woodbine Entertainment would like to congratulate the Government of Canada for considering the potential impacts to the horse racing industry. 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