These are not easy times for palpable newspapers. More and more people prefer reading online – or not to read at all. Moreover, all the difficulties of the past year made it even worse. We can see it all around the world: real, printed newspapers are vanishing into thin air. It looks like that the same thing is threatening the Canadian Toronto Star newspaper. But the owner company will not let it go that easily. Instead, they have decided to create a new online casino for supporting journalism.
The so-called Torstar Corporation – owned by Nordstar, an investment company – is trying its luck in a new field of interest. In an attempt to try to save their magazines – they do not only own Toronto Star but the Hamilton Spectator and other papers as well – they are diving into online gambling. As they see it now, a new online casino for journalism is the thing that can save them. By launching their own betting brand, they are hoping to get financial support, so that they can maintain their magazines.
What a new online casino can do for journalism?
The Toronto Star looks back on a remarkable past. It has been around since 1892, focusing “on advancing progressive causes, such as worker protections, civil liberties, and other social justice issues,” – as CBC penned. So it is worth saving by any means, like online gambling. The co-owner of Torstar, Paul Rivett said „ Doing this as part of Torstar will help support the growth and expansion of quality, community-based journalism,” They believe that revenues from gamblers will help in financing these journalistic efforts. And their plans can be fairly right. Just consider the fact that only the residents of Ontario spend about 500 million dollars on online gambling in one year! This is good for online casinos in Canada, like Bet99 Casino. But it looks like it is also going to be beneficial for journalists too!
Legislation before action
According to CanadianCasinos.com, online gambling in Canada has some restrictions, but not too strict ones. “In short, it is illegal to operate an online casino in Canada without a license, however, it is perfectly safe and legal for Canadians to play at any offshore casino.” Only the Ontario government is licensed to conduct online gambling. And if Tornstar wants to start his own gambling business they need to get approval from the Alcohol and Gaming Commission of Ontario. Sure, it is a big fuss at the beginning, but it is worth it, if this way they can save their newspapers, right? And if you do not want to wait that long – we cannot know for sure how much time it will take – you still have other options. Bet99 Casino, which is one the best online casino sites in Canada is already waiting for you!
Seeking a new online casino for journalism
“We don’t know how big the market is going to be in Ontario yet because it will depend on the consultation process within government, which is about to happen in the next couple of months,” consultant Jim Warren told the Canadian Press. So, there are still many questions to be asked before starting the business. Some also worry about objectivity on the columns of the newspaper. A public official in Richmond Hill, Ontario, Tom Muench phrased his concerns. What if this way Tornstar’s magazines will be (financially) tied to outside businesses and get biased? Also, what if these magazines had to cover stories about gambling and organized crime? Could they do it if they are already a part of the business? Well, we are going to have to cross this bridge when we get to it.