In the past few years, Canada’s online gaming sector has witnessed a shift due to the increase of skilled developers, good investors, and designers who have joined hands to create something extraordinary and safe for people. It is just to give them a more enhanced experience of gambling and gaming so that they can enjoy to the fullest, and indeed, it turned out to be incredibly rewarding.
Online gaming in Canada has become so much popular that it has become one of the major entertainment options for people from the age group of 23-35. You can check out the list of reputable online casinos at beaveradealer.com.
Revealing Numbers of the Online Gaming Industry in Canada
Canada’s gambling industry has a turnover of more than CA$14.5 billion each year as per the official statistics. There are more than seventy casinos in the country, more than a hundred thousand slot machines, more than twenty-five thousand temporary casinos, and bingo-type establishments.
In Ontario, you will only find one slot machine for every 350 citizens. At the same time, the rate of growth is equal to approximately 15 percent every year. On average, every Canadian over the age of 19 years (except the tourists) spends around CA$600 to CA $900 annually in gambling.
To be more clear, Gambling that is regulated by the state like a franchise, and that is also is licensed, can be acquired via the Commission on Alcohol and Gambling. Provincial governments decide what types of games will be allowed in their respective territory. For instance, British Columbia and Ontario have allowed casinos, slot machines, and horse racing. At the same time, video lottery terminals and other gaming machines are not allowed.
The total cost of equipping and building a permanent casino is around 40 to 50 million Canadian dollars. Whereas the establishment of a temporary casino (including hotel rooms and ships) is a lot cheaper, i.e., 40 to 60 percent.
Moreover, the cost of a Canadian legal casino that runs as per the provincial regulation begins from CA$80 million.
Regulation of Gambling In Canada – Best Gaming Experience
In Canada, conducting the business of gambling is considered illegal unless it is regulated as per the provincial government’s sanctioned and country’s criminal code statements. Provinces hold their legislating responsibilities, and they are the main stakeholders in terms of poker or casino room legalization. Local power had received the full powers in 1985. Since then, it has been this way and no changes have been made in this regard. Hence, only the provinces have the power to authorize any gambling business.
The country’s criminal code states two sections, and both of them reflect the major appropriations which are made to regulate the country’s gambling industry. Aside from the fact that all provinces are allowed to take part in the national lottery program, the regional or provincial authorities have the right to prohibit or permit the activity.
Therefore, only the authorities of Alberta have the right to ban any specific game in the territory, while the same activity can be legal in Ontario. As long as a particular gambling game is regulated by the government, it won’t be an exaggeration to say that gambling in Canada – best gaming experience!
Online Slots Regulation
The responsibility of regulating and supervising the business of gambling in all provinces lies in their local gaming and liquor commissions. For example, in Alberta, this organization has two major departments; the Corporation and the Board.
The corporation works to represents the system’s functional mechanism, whereas the board makes sure the governmental policies are properly implemented. The organization explains all the strategies and directions along with policies that allow owners to run their business smoothly under legal terms stated by the province’s pre-defined set of policies.
The organization AGLC has the power to regulate, license, and monitor the activities of a game of chance that occur in Alberta. Moreover, Alberta is known to be the second most popular province of Canada, where people are involved in gambling. Aside from that, this commission shows a responsible and loyal attitude towards all the activities involving gambling.
Online Casino Canada
In 2004 the country experienced a huge shift and adopted a new attitude towards the gambling industry. It was the time when all stakeholders got involved in gambling activities. A large number of nonprofit businesses, investors, gambling providers, along with regulators, joined hands and contributed to the country’s gambling industry as per the framework created by CPRG, which is also known as the Canadian Partnership for Responsible Gambling.
In the beginning, the organization was focused on gathering essential information on a huge variety of gambling aspects throughout the state. As a result, a gambling digest was released, which is now annually published. This digest has statistical data on the affairs of each of Canada’s provinces. From quantitative characteristics to overall revenues and distribution of revenue, it includes everything.
Moreover, the digest appears as an informative source with a number of tables, trends, and charts that reflected the country’s development in terms of the gambling industry.
Brick & Mortar Establishments in Kahnawake – Canada Online Gaming
Kahnawake is known to be a Mohawk Indian Reservation located in Canada. And because of the special status, the Indian lands have obtained, most of them are eligible to host legal gambling activities. It is also supported by the local budget of the province. Kahnawake Gaming Commission is responsible for the regulation of gambling activities in this region, and it was developed in 1996. This organization started to issue licenses within three years of its creation via the internet.
However, the Canadian KGC includes three organizations that are assigned by the Mohawk Council of Kahnawake. The most important thing they all have to follow is that they must deal with all issues relating to the regulation of licensing and online gambling.
The primary principles of KGC are aimed at conducting fair business, ensuring transparency, securing the data, and timely payouts.
The commission itself has created some requirements which ensure the reliability and exclude the risk of fraud in the online gambling business. When they receive an application, they see the following things:
- Formal grounds for the issuance of the license.
- The reliability and integrity of the software.
- The adequacy for timely payouts.
Online gambling in Canada is not just fun by stress-free too. It’s legal and one can gamble to their heart’s content!