Results tagged “gambling”

The wireless spectrum auction being held by Industry Canada to sell off 300 spectrum licenses has closed, with 40% of the spectrum licenses being set aside for new competitors in the wireless industry and $4.25 billion in revenue going to the Feds. The Financial Post speculates that competition will increase and prices will decrease, and also notes that: "It is widely assumed that all new entrants will lease bandwidth space on Rogers' networks." Ever the fair-minded conglomerate, Rogers will be leasing bandwidth space to their new competitors for the bargain price of 75 GAJILLION DOLLARS.

Photo by Andrew Z.

Not satisfied with the long odds currently on offer at Ontario's casinos, problem gamblers have found a new way to probably not win an obscene amount of money. According to the CBC, problem gamblers who have voluntarily excluded themselves from casinos are filing a $3.5 billion lawsuit against the OLG, claiming that the system that is intended to keep them out of casinos doesn't work.

Photo of Amsterdam's Red Light District by Stuck in Customs.