Why Global Operators Look to Set up Online Casinos for the Canadian Market
Gambling laws are related to companies that provide betting and gaming services over the internet. As it currently stands, there is no single law that exists to govern the legality of online gambling for the entire world. In fact, most countries around the globe have their own local laws that deal with these types of issues and these laws may vary from region to region. It is also quite unusual for any government to make it illegal for its residents to use online gambling sites and as it turns out, this is exactly the case in Canada. Canadian residents cannot be prosecuted for engaging in any online gambling activities which is exactly the reason why global operators are looking to set up online casinos for the Canadian market. We explore this in detail to find out what sort of opportunities exist in this market from a B2B perspective.
The online gambling industry
Gambling used to be synonymous with physical casinos. A casino is a venue that allows people to engage in various type of gambling activities, including (but not limited to) poker, blackjack and slot machines. Casinos are also most commonly built in close proximity to hotels, restaurants or other tourist attractions.
However, as time passed new technology developed and the gambling industry, like so many others, transitioned to include online gambling. Online gambling provides people access to casino games from the comfort of their homes, all they need is an internet connection. Today there are thousands of online gambling websites and internet casinos, with new ones popping up every day.
Online gambling laws in Canada
As mentioned above, there is no single law that governs the use of online gambling platforms. Each country has their own laws regarding online gambling. Canada consists of various provinces. Each individual province within Canada has the authority to regulate and govern gambling in their regions.
There are several perfectly legal offline gambling venues, however they offer very limited betting options. Most offline gambling sites are approved and regulated by the appropriate government. Canadian laws regarding gambling were very strict in the past. Only very limited forms of gambling was allowed, but recent changes in laws has loosened it up quite a bit. Today almost all of the Canadian provinces offer some type of regulated online gambling, except for Saskatchewan.
Most of the provinces choose to operate their own online casinos as a way to keep it regulated and safe. These government regulated online outlets allow citizens to bet or buy lottery tickets online. It is thus safe for Canadian citizens to bet or buy online. However, what the government is very clear about is the fact that it is illegal to provide online gambling services to Canadians unless approved and licensed by the government.
There is a loophole though. If the company is based somewhere where online gambling is legal, it could be argued that the Canadian laws do not apply. Also nothing stops a Canadian from using overseas gambling sites. There is no Canadian law stating that online gambling is illegal. No Canadian has ever been prosecuted for using an online gambling site.
Online gambling in Canada
Gambling is extremely popular in Canada. According to the University of Calgary, Canadians spend around $13 billion dollars per year. However, because online gambling platforms are still in the developmental stage, with some provinces only now starting to tap into the online gambling market, global casino operators can make a lot of money. There is still a lot of room for growth in terms of online gambling sites. In provinces with no regulated online gambling platform; global operators can provide their services. If you want to know more and experience a great online casino, take a look at the following site.