Canadian Online Casino Market Hot News
What's the news on the Online Casino Market in Canada?
Сurrently we can see a rapid rise in the casino industry in Canada, especially in its online part. The whole country, from the Atlantic to the Pacific, has got leadership in the sphere of online gambling, with a total value of around 30 billion CAD per year. Analytical centers and companies have an expectation about the growth of this figure over the next few years. The basis of such forecasts is the progressively increasing popularity of online casinos which are ready to take the place of land-based casinos and capture the market.
Overall, the last few years can be classified as a period of solid growth in the Canadian online casino market. We've lighted up for you some determining factors that became a reason for the online casino boost all over the maple leaf country.
Brand New Online Casinos in Canada
Thanks to smartphones and the Internet, which are spreading rapidly like wildfire over the whole country, Canadian casinos became immediately available to the player leisure activity. For now, Canadian casino players do not need to start the car and spend their time on the road both ways.
Every Canadian gambler of proper age can play online casinos based in different jurisdictions - it will be a hundred percent legal. Interestingly, gambling in Canada is legit, but operating online casinos within Canadian borders is not.
So, to sum things up, you can't make your own online casino in Canada, but it is legislatively allowed for Canadian residents to join and play online gambling services from the operators in different jurisdictions. This workaround solution became the reason for the rise in the number of online casinos in Canada.
Foreign operators were happy to accommodate Canadian gamblers and offer them bonuses as N1 casino and Slothunter casino did. Some of the casinos, like FightClub Casino, JooCasino and DasistCasino are trying to allure players with an exclusive gaming experience. All of them support various kinds of devices, from PCs and laptops to iOS and Android tablets and smartphones.
Liberal Regulations and Relaxed Laws
Formerly, Canada used to have regulations on the sphere of gambling. And they were especially strict on the online part of the industry. Operating an online casino within the borders of Canada is illegal. However, brand-new online casinos have found a legal loophole in this situation. Nowadays, online casino operators open their businesses in jurisdictions where the pursuit of such activities is legit and offer their products to Canadian residents from those places.
But being outside of Canada does not weaken the responsibilities of gambling operators. Third-party governments regulate such online casinos with legit status, licenses and relevant software certificates. Canadian licensing authorities include the United Kingdom Gambling Commission (UKGC), the Kahnawake Gaming Commission (KGC) and Malta Gaming Authority (MGA).
Luckily Canadian gambling laws are more relaxed in comparison with the U.S. If players are dissatisfied with Canadian online casinos, they are always free to use the same services abroad.
Secure and Fast Payment Processes
Canadian online casinos offer their players a large variety of different reliable and fast payment methods. Gamers from Canada can deposit at online casinos and make rapid withdrawals just by using any of the available online payment methods, from Visa and Mastercard to e-wallets such as PayPal and different cryptocurrencies such as Bitcoin.
Most online casinos in Canada are governed by one of the most respectable regulators on the globe - the Malta Gaming Authority. This authority is charged to ensure fairness and safety of processes to online casino players while they gamble at online casinos.
Online Casinos On the Go
Thanks to game developers - enthusiasts of mobile gambling, nowadays, mobile-friendly software means an exclusive precious online gambling experience. Gamblers of Canada have a great possibility of playing online casino games using their smartphones and tablets at any place.
As stated by the NPD - the number of Canadian gamblers turning to mobile online casinos had increased by 5%. In 2021, Canada was ranked by OpenSignal as the world’s 20th for the mobile casino experience.
Mobile-friendly and fast games are gradually adopted in Canada by premium online casinos such as JooCasino, SlotHunter, N1Casino, FightClubCasino and DasistCasino. For now, software companies are paying more attention to the gambler’s experience in the course of developing online casino games.
High Premium Customer Services and Games
In the early days of online casino development, operators were able to offer only inferior gambling experiences, similar to land-based casinos. The erstwhile game collection wasn't even close to the quality of today. The games used to be slow, with poor graphics, and live games were not even possible to put into action.
In those days, online casinos promoted interests only as a novelty but not as a real gambling option. Nonetheless, the situation changed dramatically. Over years of experience, developers and operators boosted the industry of online gambling to the new layer and became a real threat for the land-based casinos' existence.
At this time, especially after the COVID-19 pandemic, which was the great boost for online technologies, online casinos are offering players a huge collection of top-tier cutting-edge games to players. Live casino games are also on the rise with the video games, players like them for the unique experience which is close to land-based casinos atmosphere or even better.
With the quality of games, the standards of customer service also raised to a brand new level. Against the background of the growth of the online gambling industry, online casinos provide top-tier customer services to stay relevant and appealing to gamblers.
Conclusion
At this time, the Canadian online gambling industry shows a hasty growth, and it is expected to continue growing over the next decade. The industry has not yet reached its peak, and the demand for new game titles and online casinos is increasing. It became possible еhanks to liberal laws and relaxed regulations regarding online gambling in Canada. Hundreds of gambling companies are boosting new products and services aggressively and underpinning the industry’s growth. On the eve of a new year, we are waiting for major events in the world of sports betting and online casinos.
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