First Nation to Launch GEObet Gambling Network
An all-new online gambling brand called the GEOBet Gambling Network will be launched by a Saskatchewan First Nation on November 6th, it was announced this week.
GEOBet Gambling Network, which sponsored the recent iGaming Symposium in Saskatoon, Saskatchewan, has confirmed it is launching the new brand to generate revenue as well as create employment and business opportunities in its community.
According to GEOBet, it is currently drafting details of the new Canadian online gambling venture, in addition to ironing out legal issues.
GEOBet Gambling Network said that it was currently discussing joint ventures with other First Nation groups, and would be making further announcements about the progress of these negotiations in due course.
Online Gambling to Revitalize Community
The President of GEOBet Gambling Network, Gerry Gionet spoke about the advantages of a First Nation online gambling launch next month.
"We're excited that this First Nation has embraced this opportunity to revitalize its community," said Gionet.
"The whole purpose of sponsoring the symposium was to bring people together to learn what online gambling will do for their communities. It was good to see such a diverse group - Chiefs, councilors, entrepreneurs and representatives from Nations across Saskatchewan, all recognizing the potential of creating an igaming industry."
Gionet said that his group had felt "nothing but support" throughout the entire conference.
Panelists at the conference included Bernie Shepherd from the Federation of Saskatchewan Indian Nations and Water Janvier, the VP of North American Business Investment and Relations at Golden Arrow Worldwide.
Golden Arrow Worldwide
GEOBet Gambling Network is operated by Golden Arrow Entertainment and provides turnkey igaming solutions for tribal and independent land based casino operators.
The GEOBet Gambling Network will initially manage the operations for the First Nations.
Industry expert Michael Casselli said that in the UK, Canada and Europe, igaming has delivered unprecedented return on investment, "and it's not just owners and stockholders that profit."
"Since it's an industry that requires services from marketing to customer service, online gambling generates a whole range of local business opportunities," he said, showing how the introduction of online gambling could benefit the Saskatchewan First Nations community as a whole.
Another industry expert, Peter Caroll, said: "It is imperative that Saskatchewan casinos offer their players an online alternative before regulatory changes enable Las Vegas casino consortiums to lure them away. Land based casinos must get online now, before the window of opportunity is closed."