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Enthusiast Gaming Holdings Inc T.FIVE


Primary Symbol: T.EGLX Alternate Symbol(s):  EGLXF

Enthusiast Gaming Holdings Inc. is a gaming media and entertainment company. The Company operates in one industry segment, being digital media and entertainment. Its principal business activities are comprised of media and content, esports and entertainment and subscription. The Company's digital media platform includes its flagship video gaming related owned and operated websites, content channels including YouTube and casual games, where the Company derives the vast majority of its media and content revenue. The Company's esports and entertainment business, includes Luminosity Gaming Inc. (Luminosity Gaming), a global esports franchise that consists of professional esports teams under ownership and management, and Pocket Gamer Connects, global mobile gaming events. It has fully owned teams competing in Apex Legends, Overwatch, Super Smash Bros: Ultimate, Brawl Stars, and Pokemon Unite.


TSX:EGLX - Post by User

Post by slickkon Feb 17, 2021 6:15pm
211 Views
Post# 32591325

303 FOR...15 against..Single Bet gaming moving ahead $$$$

303 FOR...15 against..Single Bet gaming moving ahead $$$$This is HUGE news....the sky is the limit now...let the buying frenzy begin...and more so once we get NASDAQ listing....tremendous news today with more to come for Friday's vote on Bill C13...which is virtually Guarantted to pass !!! $$$


Feb 17, 2021

An update from the Canadian Gaming Association (CGA) earlier this month noted a few key events coming soon that will shape the future of single-game sports betting in Canada.

This week sees the Canadian parliament doing double duty. According to the CGA, there are parliamentary events surrounding two bills that would enable single-game  sports betting in Canada.

The private member bill option in Canada

The first event was the second reading vote on MP Kevin Waugh’s bill, which passed by a  303-15 vote Wednesday. The second reading and debate of the bill were held February 5.

The favorable vote sent the bill forward to what is likely a final round of hearings before the Justice Committee.

According to the House of Commons website, private members’ bills come in two varieties:

  • Public bills that deal with public policy issues under the purview of the federal government (e.g. criminal laws relating to sports gambling)
  • Private bills that deal with interests related to specific individuals or corporations

Public bills, like Waugh’s Bill C-218, must be introduced into Parliament via a designated procedure. Private members’ bills traditionally face a much greater number of obstacles to become law.

In the 100 years between May 4, 1910, and September 7, 2008, Canada passed a mere 229 private members’ bills. However, private members’ bills tend to fare significantly better when the party in power has a minority government, as is the case with Prime Minister Justin Trudeau’s Liberal government today.

The ‘competing’ sports betting bill

While private members’ bills rarely do well in terms of becoming law, the proponents of Bill C-218 should not be too nervous. There is a government bill, C-13, which ends in the same result: single-game Canada sports betting would no longer be prohibited by the Criminal Code of Canada.

The Government’s bill is lagging the private member’s bill ever so slightly, but according to the CGA, C-13 is slated for a second reading and debate on February 19, 2021.

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