Gaming Law International

Online Poker in Canada? Maybe.

I attended the 10 Annual Canadian Gaming Summit & Exhibition in Vancouver today - there was a Lottery & Gaming CEO Plenary Session in which several heads of the provincial lottery corporations answered questions. The most important topic in my view was the discussion surrounding legalizing online gambling in Canada. Some of the lottery CEO were openly supportive of the legalization of online gambling; others were not so supportive and were concerned with the potential negative public reaction to legalized online gambling. I'll post more about this in the days to come but for now I still believe that 2006 will be a watershed year for online gambling in Canada (see my prediction posted early January '06).

Directors' Compensation at PartyGaming Hits $40.5 Million

The world's largest online gambling company, PartyGaming Plc, released its first annual report which you can view here. According to the report, directors were paid $40.5 million (CDN) in compensation (including salary, bonuses and other compensation) last year. Four of the largest earners were as follows:

• Richard Segal $22.9 million (CDN)
• Martin Weigold $9.7million (CDN)
• Michael Jackson $3.7 million (CDN)
• Brian Larcombe $2.2 million (CDN)