Published on: March 2, 2021, 03:18h.
Final updated on: March 2, 2021, 04:27h.
A paper business that owns the storied Toronto Star hopes to launch an on-line brand that is betting casino games and sports wagering.
Torstar Corp., owned by investment company Nordstar, is venturing into online gaming to help fund its journalism, according to the Canadian Broadcast Corp. In addition to the Toronto Star, Torstar owns the Hamilton Spectator and other newspapers.
Since its founding in 1892, the Toronto Star has focused in part “on advancing progressive causes, such as worker protections, civil liberties, and other justice that is social,” the CBC reported.
Online gambling will likely be useful in funding these efforts that are journalistic the company’s owners said.
Doing this as part of Torstar will help support the growth and expansion of quality, community-based journalism,” co-owner Paul Rivett said.
Government data shows Ontario residents spend $500 million a year on online gambling on websites outside Canada, according to Torstar.
“We want to ensure the marketplace that is new well represented with a Canadian, Ontario-based video gaming brand name, in order that a lot more of our players’ activity dollars stay static in our province,” Rivett said.
“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.
According to the CBC, only the Ontario government is licensed to conduct gambling that is online. But, the province sooner or later this will allow companies to participate year. Torstar’s online effort requires approval from the Alcohol and Gaming Commission of Ontario.
Objectivity Called Into Question
The ongoing company’s move into on line gaming raises issues the type of whom question if the papers can keep objectivity.
Tom Muench, a public official in Richmond Hill, Ont., told CBC News he wonders if the Torstar string, in attempting to state afloat, could be economically associated with an business that is outside. Richmond Hill is about 35 minutes north of downtown Toronto.
”I think it’s fair to say that if a casino was to pop up in communities, say, six months ago, many local Torstar-owned papers would write a concerned local story,we assure a strong independent news and media industry?” he asked.The” he told CBC News. Muench also questioned how the papers would cover any other businesses jumping into online gaming.
“If the federal government propped up the media with government tax dollars and now with casinos, how do
Toronto Star as well as other news outlets have already been active in addressing gambling and crime that is organized the country. This coverage has included Mafia involvement in vice rackets, such as illegal gaming. Casino.orgalso Covers these presssing dilemmas in Canada.Hemingway’s Newspaper
The Toronto Star’s criminal activity protection included work with previous years by Ernest Hemingway. After going back from Italy, where he had been wounded during World War I, Hemingway became a reporter during the
Toronto Star.Before Going to the pugilative war as a teenage Red Cross ambulance driver, he had been a reporter at the
Kanas City Star
for about six months. At both newspapers, Hemingway covered crime, including, in Toronto, bootleggers smuggling liquor that is illegal the US.(*)Later, staying in Paris, Hemingway served as a European correspondent for the (*)Toronto celebrity. (*)He did this while taking care of fiction that will make him acclaim that is international their mid-20s. He later on won the Nobel Prize in Literature.(*)Related News Articles(*)