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Bally¡¯s deal with the city required the company to pay the city $40M at the contract signing, with $4M in yearly payments and an anticipated $200M in tax revenue annually. Bally¡¯s also agreed to make $74M in infrastructure improvements in the River West district.
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Speaking at the East Coast Gaming Congress, executives of online gambling companies and their technology partners said the rapid growth of sports betting has provided a ready-made infrastructure and regulatory apparatus for online casino games.
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The Canadian Gambling Commission is the main regulatory body for online gambling in Canada. They are responsible for ensuring that all gambling activities in the country are fair and safe. All Canadian gambling sites must be licensed by some regulatory body to operate legally.