There have actually been reports of new gambling regulations being implemented in Europe and, it also threatens to wash up the shores of one of the biggest gambling markets in the entire world. Malta’s licensed casinos are actually looking for new territories to invest in. I feel that they are looking at Canada as a prospective option.
Well, there is a gigantic opportunity in the United States of America, even though there are a lot of complexities because of different rules when it comes to different states. Well, if you head up north, Canada is a country that has only 10% of the population of the United States of America and, it still appeals as less of a challenging proposition for these people. In fact, for a lot of years, Canada has actually been one of the biggest markets for casinos. This is because of the legal framework that would allow fixed or games and online casinos to operate within the country.
It is actually illegal for people to make use of the online casinos that are offered by these websites. In these sites also take bets from the Canadian citizens and, some of them are running offshore betting companies. Originally speaking, Canadian law made sure that the practice of gambling or even taking bets is completely illegal. This was changed in the 1960s. All of the rules and regulations actually went through a complete change. They started allowing lotteries and fundraising activities to be carried on. Finally, they allowed land-based casinos to operate.
They also allowed online casinos to operate properly.
Some of the most popular online gambling websites which are completely based in Canada or actually really loved by the Canadian population. For now, the Canadian market actually represents a huge opportunity for Malta-based operators who are interested in gambling opportunities and, they are offsetting potential losses which are brought about by the regulation in the continent of Europe. But, we need to ask ourselves how long before Canada itself starts to regulate and also insist on some licensing for these offshore businesses who are making a big buck.
You need to understand that there are absolutely no immediate plans for the about to happen, but, the first steps have actually been taken by the government of Ontario. The plans were actually tentatively published in the year 2019 along with the budget. The budget was completely changed for the year 2020, because of the need to raise funds in the Covid 19 pandemic. No one is actually expecting these changes to happen overnight, but it does represent the plans for the nine provinces in Canada. For now, the Malta-based operators are properly enjoying the rewards of offering their services to gamblers in Canada.