Are you curious about what’s waiting for the world of online casino Canada in the future? Are we up to further development as it has been during the last years? What will be the main local trends? Will there be any drastic changes in legal regulation? We’ve researched these questions a bit and want to share our findings with you.
One of the main points of interest is the economic aspect of the niche, and that comes naturally. After all, if the market continues to grow, we can expect more exciting casinos to be opened, games to be created, and innovations to be made. Luckily, most of the experts affirm that everything will be great.
Revenues Background of Online Casino
The last decade surely had its falls and ups in Canadian gambling. In 2010 and 2011 the market experienced a significant drop in revenue by 2.9 and 1.9 percent, respectively, but things had been great ever since then. Growing consistently with each passing year, revenues reached the mark of 6.2 million dollars in 2015, and there is no reason to expect that this tendency is bound to change.
Experts affirmed that by 2014-2015 the revenues of casinos in Canada would exceed 4%, and this forecast came true. Now, further growth is expected, as the economic conditions in the country will also keep on improving, most likely. Outstanding innovations, such as multigame spaces and Virtual Reality betting rooms, are also gaining momentum.
Competition with the USA
Canada is currently doing a great job in consolidating state-specific gambling regulations into the single fine-tuned system inspiring and incentivizing cooperation between the provinces. This looks like a great opportunity for USA providers to expand their operations north to compete for the local share. Eventually, this may lead to the opening of new land-based casinos and online ones as well.
Canada Gambling Law Changes
Canada’s gambling-related laws are truly unique, residing somewhere between a proactive and rather liberal approach, and a strict taboo on certain aspects of the niche. For example, the Criminal Code states that it’s forbidden to run a staking room or to enjoy yourself in one, but that doesn’t exactly count for virtual instances.
So, ever since 2012 provinces have been opening up online betting houses: carefully at first, much more ardently later. Some of them are opened to residents of the region, others are available from any point in the country. In any case, there are always offshore options to savor. Meanwhile, the native wagering opportunities have their own pros and cons, associated with this fragile way of things.
If the legislation of online gambling in the country gets stricter throughout the following years, players can expect an upcoming abundance of foreign providers. While this isn’t very good for the Canadian staking companies, in general folks can’t be sure they won’t be left aside the betting fun.
If the legal aspects of the niche get finally resolved, we’re likely to enjoy the unleashed creativity of local providers and creators. Moreover, land-based casinos will be unavoidably opened in the nearest future after that, offering unique experiences to the public. Actually, this forecast is much more probable than the previous one. Let’s hope for it!
Boosting Gaming on Mobile
Another undoubted trend is the progressive growth of mobile gambling in Canada. As all modern virtual casinos run flawlessly on any kind of smartphone, players often pick this option as their usual one, giving themselves the possibility to stay tuned to the staking community on the go and at any given moment.