The P.E.I. government took in $10.3 million in profit last year from video lottery terminals despite widespread consensus that the devices play a leading role in promoting and aggravating gambling addiction. | SaltWire
Video Lottery Terminals at the Red Shores casino in Charlottetown. The P.E.I. Lotteries Commission made $10.3 million in revenue from VLTs in 2022, up $2 million from the previous year. - Stu Neatby/SaltWire NetworkCHARLOTTETOWN, P.E.I. — The P.E.I. government took in $10.3 million in profit last year from video lottery terminals despite widespread consensus that the devices play a leading role in promoting and aggravating gambling addiction.
Sandy Slade says gambling addiction cost him tens of thousands of dollars. He said VLTs were"basically the main part of it." - Stu Neatby/SaltWire NetworkSandy Slade spent years struggling with gambling addiction. He says he’s been clean for eight years and is in a healthy place. But says his addiction cost him tens of thousands of dollars.
"I think that it's dangerous. But I think that, you know, people are allowed to do dangerous things,” Slade said. “If we are actually serious about addressing mental health, $10 million in revenue isn't worth it," Bell said.The P.E.I. government’s last responsible gaming strategy, released by the Robert Ghiz government in 2008, pledged to reduce the number of machines in the province by 20 per cent.Fifteen years later, Ready said the 20 per cent goal has been achieved. There are 308 terminals in the province currently, down from 386 in 2008.
ALC’s website currently does not allow fast-paced online casino-style gaming for gamblers in the province. But unregulated gaming sites are still accessible to anyone with a smartphone. Dienes said government-owned gambling authorities like ALC have no incentive to develop safer online gambling products. Products with built-in limits on betting would likely limit revenue, he said.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
P.E.I. government linked VLTs to gambling addiction in 2008; a decade later, it took in $10 million in profit from them | SaltWireICYMI: The P.E.I. government took in $10.3 million in profit last year from video lottery terminals despite widespread consensus that the devices play a leading role in promoting and aggravating gambling addiction.
Read more »
P.E.I. government made $10.3 million from VLTs last year | SaltWire'It's the crack cocaine of gambling. It's the most dangerous form of gambling that we know of,' said Bruce Dienes, a member of Gambling Risk Informed Nova Scotia.
Read more »
Pension funds post largest investment losses since financial crisis in 2008Although pension plans earned positive returns to finish 2022, they are facing many of the same pressures in 2023
Read more »
More than 120 $10 daycare spaces coming to Prince GeorgeThe YMCA Lac Des Bois Care and Learning Centre and Elizabeth Fry Family Centre will offer $10 a day care starting in February.
Read more »
Ottawa, Alberta expanding $10/day daycare plan to include 22,500 new private spacesAlberta's UCP government celebrated a victory in 'parental choice in child care' Tuesday while announcing that a nationwide effort to make daycare more affordable will also include thousands of new privately-operated spaces in the province.
Read more »
Another 91 $10-a-day child care spaces coming to BurnabyBurnaby MLA Anne Kang says Cascade Heights YMCA Childcare and Kids Club will become the latest site to offer discounted rates.
Read more »