Online Casino Transfer: News - Case - Finally

04/11/2010		Online Casino Style: News Case - Finally - Finds Resolution
Home History Games News Dictionary		The conclusion to a long, drawn out legal fight has finally been achieved this week, according to official reports coming out of Canada. The online gambling company Loto Quebec has confirmed that, finally, a deal has been struck with more than 100,000 plaintiffs, after ten years of arguments, settling for an out-of-court sum to finalize the case. The class action suit was one of a kind, pitting 120,000 gamblers against the gambling group, holding the firm responsible for their problem gambling, and suing for compensation. Apparently, though it took a decade to do it, they won. The problem gamblers involved in the legal battle will each receive a sum of money, specifically to be spent on therapy for their addiction to gambling, especially internet casinos. According to experts, though the out-of-court settlement summed to an amazing $50 million that must be paid out by Loto Quebec, it’s a significant improvement over the money that could likely have been demanded of them had the case gone through the courts. Some estimate the funds they were at risk for paying to be as high as $700 million. If that’s the case, the loss of $50 million could well be considered a win by the online gambling group. The plaintiffs have been identified as a group of bettors who issued complaints about Loto Quebec’s encouragement of gambling, responsible or not, from the years spanning from 1995 to 2002. The decision will have Loto Quebec, the leader in both online and land-based casino operations in Quebec, paying an average of $5,000 to those affected with addiction. The company has released no statement on the final settlement, though many in the industry can’t help but wonder how the loss in funds might affect the firm’s plans to expand their online casino offerings in 2010.

04/11/2010

Online Casino Style: News
Case - Finally - Finds Resolution

The conclusion to a long, drawn out legal fight has finally been achieved this week, according to official reports coming out of Canada. The online gambling company Loto Quebec has confirmed that, finally, a deal has been struck with more than 100,000 plaintiffs, after ten years of arguments, settling for an out-of-court sum to finalize the case. The class action suit was one of a kind, pitting 120,000 gamblers against the gambling group, holding the firm responsible for their problem gambling, and suing for compensation.

Apparently, though it took a decade to do it, they won. The problem gamblers involved in the legal battle will each receive a sum of money, specifically to be spent on therapy for their addiction to gambling, especially internet casinos. According to experts, though the out-of-court settlement summed to an amazing $50 million that must be paid out by Loto Quebec, it’s a significant improvement over the money that could likely have been demanded of them had the case gone through the courts. Some estimate the funds they were at risk for paying to be as high as $700 million. If that’s the case, the loss of $50 million could well be considered a win by the online gambling group.

The plaintiffs have been identified as a group of bettors who issued complaints about Loto Quebec’s encouragement of gambling, responsible or not, from the years spanning from 1995 to 2002. The decision will have Loto Quebec, the leader in both online and land-based casino operations in Quebec, paying an average of $5,000 to those affected with addiction. The company has released no statement on the final settlement, though many in the industry can’t help but wonder how the loss in funds might affect the firm’s plans to expand their online casino offerings in 2010.