How have online casinos impacted the Canadian casino industry?

Canadian casino industry

Online gambling has become a huge industry that at times overshadows even land-based casinos that have been extremely popular among the gamblers around the world for centuries. In the Canadian casino industry, all kinds of gambling are now legal, with a couple of exceptions, we are going to mention later, online gambling is becoming a real trend as more and more people start to play online rather than go to an actual land-based casino.

Canadian casino industry

But why is this happening? Why do people turn to online games and quit regular casinos? Well, there are several reasons as to why such trend occurred. Today, we are going to take a look at the development of online gambling in Canada and several other countries to find out how exactly did online gambling industry impact the land-based gambling houses and what it might mean for the industry as a whole.

Variety of payment methods

In a regular casino, you would only pay with cash, and we all know that people these days do not carry too much cash around. All the online gambling websites offer a variety of payment methods you can use to pay for the fun. You can use e-wallets like Skrill, Neteller, and many others to make deposits and play games. Playing on any such website is much more convenient than rolling into an actual place with stashes of paper in your pockets, so you should totally check the reviews on Skrill casino before you start playing. This might also be considered just a matter of convenience, but you cannot deny the fact that paying with your card or e-wallet is much more comfortable. This feature produces a huge impact on the gambling business and changes the way people perceive playing online.

The pandemic

Yes, that is the most obvious and the most reasonable explanation as to why people shift to playing from home. Right now, most public places are still being restricted for people to enter, and casinos are known for being some of the most crowded places. Of course, as the quarantine is being lifted in some countries, people once again can go to their favourite places, but it is still risky going out. If you can’t imagine your life without the slot machines, poker, blackjack, and all the other fun games, you should totally try all of those things online. It is a real life-saver in times of pandemic. Being stuck at home is stressful, so you may want to play some games to steam off a bit and have a good time gaming. But is that entirely legal?

Legal background

As we mentioned already, all times of gambling are legal in Canada, except for online gaming. This is weird because you cannot legally run an online casino in this country, but the citizens can easily access foreign online casinos, and that would be totally legal to do so. According to Canada’s Gambling Commission, there are no legally registered gambling websites that provide services of such kind to the users in Canada.

Canadian casino industry

This, however, does not include the websites that are registered and legalized in other countries where such activities are legal. So, if the casino is registered in Malta and is legalized by the Maltese government, it is totally legal for this website to function on the territory of Canada. You can play Canadian money in any online casino too, but you should also check the reviews for such websites to choose the best casino in Canada prior to rolling in. Canadian citizens, if they want to play on such websites, would face no liabilities whatsoever, so it is totally safe to play on such websites and have a good time.

Convenience

Apart from the pandemic, the gambling industry has been undergoing a noticeable shift towards online entertainment due to the fact that it is simply more convenient for most people to play at home.

If you play at home, you do not need to waste tons of time getting dressed, going outside, driving to the casino, and spending tons of time there. More so, casinos are still not that common in most provinces of Canada as well as in most states across the United States. Most people just do not have any decent gambling spot nearby, which is why they would better go to a decent website that offers similar kinds of entertainment, including slots and table games.

Access to numerous additional features

Canadian casino industry

Apart from playing classic games like slots, poker, blackjack, roulette, and all that stuff, you can also participate in a variety of other activities online. According to the current gambling regulation in Canada, you can make bets on sports events legally via licensed betting services. Most betters, nowadays, are much likely to make bets online as it is much more convenient. Sports betting has been extremely popular in Canada for many years, and with the development of the Internet and online betting services, it has gained even more popularity. Apart from betting, you can also participate in the video lottery using your smartphone or computer. This feature made lotteries even more popular than they were before.

Are brick and mortar casinos going out of Business?

No, they are not. Land-based casinos are here to stay because they give you the experience no gambling website can truly mimic. Though online gambling is surely gaining in popularity, the real casinos are irreplaceable, and people are going to visit those places regardless of how convenient their web-based counterparts are. It is a matter of atmosphere and the overall experience of playing in the actual place with real people, so the popularity of the online gaming would not be a real threat to the classic mode of gambling.

Wrap Up

Considering the fact that online casinos are not legalized in Canada, we lack factual data on the shifts within the industry. However, we can make an educated guess about what is really going on there. As of now, online casinos occupy around 30% of the total marker worldwide. They grow in popularity and it is possible to predict that their share in the industry is going to be even bigger over time. We will surely see an even larger growth in their popularity in the next couple of years and beyond.

Other articles from mtltimes.catotimes.caotttimes.ca

How UBER changed my life! – Rebecca Perez

Is it possible to get an A for a 5-paragraph essay assignment in 1 hour? We can safely say yes, a student can get an A+ mark if he turns to EduJungles


Appliance Repair

Appliance Repair in Burnaby: NewTech’s Commitment to Quality Service

In the vibrant city of Burnaby, Canada, residents enjoy a rich mix of urban life and natural beauty. Known for its stunning parks, shopping centers, and diverse community, Burnaby is also home to many households that rely heavily on their appliances. From refrigerators to washing machines, these devices play a crucial role in daily life.

cannabis dispensary

Tips for selecting the right cannabis dispensary

Finding the perfect cannabis dispensary can be akin to discovering a hidden treasure for connoisseurs and newcomers alike. Each dispensary offers a unique experience with a variety of strains, edibles, and products to choose from. Key considerations include the quality of the products, expertise of the staff, convenience of location, adherence to safety protocols, and

E-commerce business

The Rise of E-commerce in Montreal: Navigating the new business landscape

Montreal, a city historically known for its vibrant arts, culture, and industry, is now emerging as a significant player in the rapidly expanding world of e-commerce. The surge in digital retail, accelerated by the pandemic, has prompted many businesses to shift their focus from traditional storefronts to online platforms. As a result, Montreal’s e-commerce sector

financial planning

Essential financial planning strategies for stability and growth

How do you build a strong and stable financial future? Many people want to grow their money and feel secure. The good news is, that it can be done with the right financial planning. Financial planning helps you manage money better, save more, and invest wisely. You don’t need to be a money expert to

Wireless dog fences

The evolution of pet containment: Wireless dog fences with customizable boundaries

The bond between a pet and its owner is one of mutual care and concern. Ensuring the safety of our furry friends has led to numerous innovations in containment solutions. From traditional fences to the latest advancements in wireless systems, pet containment has evolved considerably. Understanding these developments can help pet owners make informed decisions

casino online

Top 5 mistakes new online casino players make (and how to avoid them)

Starting out in the world of online casinos can be exciting, especially when you find popular platforms like King Billy. But, as a beginner, it’s easy to make common mistakes that could ruin the experience. A detailed King Billy review can give you a good idea of what to expect and help you avoid those

Mtltimes Subscription

The latest on what’s moving Montreal and the world – delivered straight to your inbox