Feb 10

A Question for the Modern Ages: Is Gambling Legal in Canada?

Question for the Modern Ages – Is Gambling Legal in Canada?

A simple question such as this deserves an equally simple answer. In today’s modern age, there are many different types of gambling. It would be easy to convolute the problem with legal jargon and complicated interpretations of the law, but I promise you, I won’t do that.

As an avid enthusiast of online gambling, I’ve spent more than enough time researching the Canadian Criminal Code to understand its meaning. Fortunately for you, as a career journalist in the field, I’d like to think I can translate it in a manner that is as easy as possible to understand.

Q&A: Is Gambling Legal in Canada?

The short answer is, Yes!, gambling is legal here in Canada. However, that is a vague question. There are many different types of gambling. I have no idea whether you’re referring to casino gambling, poker games, bingo, sports betting, horse racing, lotteries, raffles, etc.

Most of these are legal in some capacity, with restrictions. In the following sections, we’ll discuss each type of gambling, and just how legal it is.

Note that all of these laws extend into the online gambling realm, at least to some extent. To be thorough, I’ll give you a brief summary of online gambling laws to start.

Legality of Online Gambling in Canada

Is Online Gambling Legal in Canada

Online gambling is legal in Canada. Internet gambling sites come in two varieties – Provincialand International. Either way, both are legal.

Provincial online casinos are only available in B.C., Manitoba, Ontario and Quebec, and only accept player’s who reside within their respective borders. International online casinos are located offshore, regulated by their own jurisdictions.

So long as an offshore operator does not have a physical presence in Canada (offices or servers on Canadian soil), they are not illegal.

Casino Gambling Laws

Casino games are legal in Canada, so long as they are conducted in a licensed gaming facility, or with a provincial charity-gaming permit. There are more than 100 commercial casinos in the country, from Quebec’s Casino de Montreal, to British Columbia’s Hard Rock Vancouver. We also have tribal casinos, like the Bear Claw Casino in Carlyle, Saskatchewan.

Charities are able to host “casino night” events, where table games like roulette and blackjack can be legally held, so long as the right permits are obtained from their provincial government.

As for online casino gambling, there are hundreds of legal, reputably licensed operators in Europe that accept Canadian players.

Poker Gambling

Poker-based card games are also legal in Canada. A commercial casino, poker room or charity may host poker games, and collect a “rake” (profit) for doing so, as long as they have the correct license or permit. Home poker games are legal, as well, but no rake (profit) can be taken by the host / home owner.

Online poker is also legal, either through provincially or internationally regulated websites.

Bingo Halls / Charity Bingo

Bingo games are among the most popular forms of game-based fund raising in the country. Again, with proper permits, bingo games are perfectly legal. Some Canadian casinos, especially the tribal variety, are famous for hosting organized bingo games.

Online bingo – same as casino and poker – can be done at provincial or international gambling sites.

Sports Betting in Canada

Canadian sports betting laws in 2020 are a topic of great import. As the law stands now, only provincially-run, parlay-style betting is permitted. It is conducted much like a provincial lottery. In fact, some provinces actually call it the Sports Lottery; others call it Pro-Line. In parlay wagering, bettors must select a number of correct picks from various sporting events, and they must all be correct to win anything. The payout is high, but the odds are higher.

It is for this reason that so many Canadian sports bettors are turning to offshore, online sportsbook operators – remember, these are not illegal in Canada – to place single-event bets. There’s a strong push in the federal government to pass a single-event sports betting law, but until that happens – of ever it does – most sports wagering dollars are flowing offshore.

Horse Race Betting

Horse racing is the oldest form of organized, legal betting in Canada. There are tracks all over the map, from B.C. to Nova Scotia. You can place bets at these tracks, at offsite betting locations across the country, or via online racebooks.

Lotteries & Raffles

The second oldest form of legal gambling are the national and provincial lottery games. The first drawings were held in 1973 to help raise money to pay for the 1976 Summer Olympics in Montreal. It was a huge success, raising $230 million from 1973-76. Lotteries have been helping to fund government budgets ever since.

Online lotteries are legal in Canada, too. Most of our provinces sell online lottery tickets to drawings, as well as the scratch off variety. Tickets for international lotteries can be purchased from offshore websites.

Raffles are most often held as charitable events; legal with appropriate permits.

Conclusion & Brief Word on Internet Gambling

By now, you should have more than enough information to answer the question; Is gambling legal in Canada? However, before I wrap this up, I have to issue a brief warning about gambling over the internet.

If you do not live in a province where online gambling is locally regulated – or if you choose to gamble at internationally regulated websites – please do so with caution. Not all offshore operators are reputable. Stick to websites that are licensed in major European iGaming jurisdictions, like Isle of Man, Malta or The UK. They are held to the strictest standards, and are considered the absolute safest, most secure operators in the world.

written by Grameister777 \\ tags: , , , , , , , , , , , , , , ,

Sep 05

Microgaming procures games for Quickfire platform from Canada online slots maker, Old Skool Studios.

Microgaming Employs Canada Online Slots Maker Old Skool Studios

For 25 long and illustrious years, Microgaming has enjoyed the elite status of being the internet gambling industry’s oldest and most reputable digital software firm. The company has produced and distributed internet slot machines, table games and other wager-based amusements since 1994, building upon the world’s most comprehensive desktop and mobile iGaming platform. They call it Quickfire, and it’s employed by more than one thousand online casino website operators.

On the very opposite end of that spectrum is a small, little-known company by the name of Old Skool Studios. Like Microgaming, this firm too produces digital gambling software of the highest quality. Such high quality, in fact, that this minuscule firm attracted the notice of Microgaming, earning itself a rightful place in the coveted Quickfire portfolio.

Microgaming Employs Canada Online Slots Maker

Microgaming’s Quickfire platform is already loaded with four titles direct from this hometown studio. Following a contract with the Isle of Man iGaming juggernaut in 2016, Old Skool wasted no time installing its first installment, a steampunk game known as Epic City. In early 2017, a classic detective mystery, La Rouge, was added. A few months later came an interactive skill+chance game, Jewel Quest Riches, followed by their latest release, Temperance, in mid 2018.

Play Online Slot Machines from Canada Firm, Old Skool Studios

According to Old Skool Studios, each of these games has its own niche-target appeal. La Rouge and its Starlite Bonus showcase their creative storytelling capabilities. The skill-based elements in Jewel Quest Riches offers a superior level of engagement. Epic City’s Power Bonus draws players in with an unparalleled degree of immersion. Temperance is equipped with a unique Pachinko Gamble feature that highlights differentiation between games.

Why Haven’t we Heard of Old Skool Studios?

Old Skool hasn’t made a big name for itself in the digital entertainment industry. It’s not because they haven’t been around for years, nor because they haven’t produced a variety of premier quality content, but rather because almost everything they produce gets published under another company’s logo.

Old Skool Studios have been in business since 2011. We as players may not be familiar with the name, but other iGaming businesses sure are. Their long list of clients include social gaming giants like Zynga and GameHouse, major iGaming brands like LeoVegas, Mr. Green, and Unibet, and software distributors like Microgaming, IGS and Neowiz. They were even contracted by Microsoft in 2013 to develop three steampunk apps for Windows Mobile.

What surely impressed Microgaming the most was Old Skool’s focus on the player experience. The Old Skool team believes that, while it’s true “good games start with solid math”, a more important factor is that “great games also start with a strong narrative”. As such, the company strategy is to engage customers with great games that “immerse, entertain, and give you reasons to come back”.

Play Real Online Slot Machines from Canada

Who knew you could play online slot machines from Canada, in Canada, at Microgaming powered gaming sites? According to local laws, no company with offices in Canada can provide real money iGaming services inside Canada without authorization from the province in which those games are available. Old Skool skirts this clause because it’s not directly offering the games to Canadian players.

This company is only manufacturing the digital games. They then sell those games to offshore companies – companies with no physical presence in Canada – letting those companies offer them to Canadians (and players everywhere else Microgaming casinos are available).

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Aug 26

Review: InstaDebit or iDebit for Online Casino Deposits?

Correlative from Canada: InstaDebit or iDebit for Online Casino Deposits?

If you intend to play online casino games for real money, there are a lot of questions that should be going through your mind. “Which game(s) should I play?” is a common one, but there are some much more important questions to be answered first – namely, which casinos are safe, and how do I securely transfer money in and out of my account?

We’ve covered the first section at length, detailing how to find legitimate online casinos that accept Canadian players. Today, we’re going to talk about two long-time favorites in the Canadian iGaming payments market, how they compare and contrast, and which one works best for financing an internet gambling account – iDebit or InstaDebit?

“Wait… aren’t iGaming payments iDebit and InstaDebit the same thing?”

No, they are not the same thing. Don’t feel bad if you were thought they were. It’s a very common misconception. A lot of people have just assumed over the years that iDebit is an abridged nickname for InstaDebit. They are, in fact, two very different banking methods, with two distinct logos, and three antithetical properties worthy of note.

iDebit and InstaDebit Deposits Comapred

#1 Supported Banks: InstaDebit works with any and all Canadian banks, whereas iDebit only serves the nation’s seven largest banks (see complete list of iDebit supported banks).

#2 Cost to Deposit: iDebit charges a smaller, flat fee of $1.50 to transfer funds from a bank account to a merchant site (i.e. online casino), whereas iDebit charges a $1.95 fee per bank-to-merchant transaction.

#3 Accepted Currencies: iDebit will facilitate payments in any major currency, giving iGamers a wider variety of international online casinos to choose from. InstaDebit facilitates transfers in CAD and USD only; thus CAD/USD deposits and withdrawals must be supported. Either way, players will be subject to the same-day currency exchange rate.

Otherwise, these two payment methods are virtually mirrors of one another.

Similarities: Both require the user to register a free account and link it to their bank account. Both are available only in Canada, drawing funds directly from the linked bank account for the purpose of making a purchase/deposit. All withdrawals/refunds are sent to the user’s iDebit/InstaDebit account. When this account has funds in it, any purchases up to the available amount will automatically be drawn from this account. Any purchases exceeded the available amount will come entirely from the bank account; split payments are not permitted. Funds in the user’s iDebit or InstaDebit account can be transferred back to the user’s bank for a flat fee of $2.00.

iDebit for Online Casino Deposits

Making an iDebit deposit at online casinos is a simple process. You must first register an iDebit account, link your bank account to it, then verify that the account is yours. This can take anywhere from a minute to a full business day, depending on the speed and efficiency of your bank, but once it’s done, you’ll have instant access 24/7/365.

To make a deposit, visit any reputable online casino that accepts Canadian players and lists iDebit as an eligible payment option. Register an account if you don’t already have one. Next, head to the banking section, select Deposit, choose iDebit, and enter the amount you wish to transfer.

You’ll be directed to the iDebit website to log in and confirm the purchase. Assuming you have sufficient funds in your iDebit or bank account (+$1.50 to cover cost of transfer from bank, if applicable), the funds will appear in your online casino account within moments.

Making a withdrawal is just as easy, but takes up to 3-5 days (after the casino’s 24-48 hour pending period) to appear in your iDebit.

InstaDebit for Online Gambling Payments

The instructions for making an InstaDebit deposit at online casinos are almost exactly the same. First, you’ll need an InstaDebit account; registration is free. Link that to your bank account and verify that it’s yours by following the instructions on the screen.

Choose any distinguished online casino where Canadian players and InstaDebit payments are accepted. Sign up an account if needed, then head over to the Cashier page and choose to Deposit with InstaDebit. Enter the amount you wish to deposit and press continue.

You’ll be directed to the InstaDebit website. Login and confirm the transfer. If enough funds are in your InstaDebit account, they will immediately be moved to your casino account, free of charge. Otherwise, a $1.95 fee will be applied to transfer the funds directly from your bank account (if sufficient), and credited to your online casino balance within moments.

written by Grameister777 \\ tags: , , , , , , ,

Aug 20

Future looking bright for Canada’s largest casino firm.

Future Looks Bright for Canada's Largest Casino Firm, Great Canadian Gaming

The executive board members of Great Canadian Gaming (GCG) are putting on their shades after last week’s gleaming revenue report highlighted excellent second quarter results with a brilliant outlook for the next half of 2019. Revenues and shares were up, divestments and projects were completed, and new partnerships were forged.

GCG Chief Executive Officer Rod Baker is particularly pleased with the company’s performance over the last three months ending June 30, 2019, and is looking forward to a very bright future – especially in Ontario, where a powerful focus is resulting in the most growth. He believes its the company’s “disciplined approach” to fortifying GCG’s infrastructure with strategic expenditures that’s driving the firm ahead at such a phenomenal pace.

Revenues Soar for Canada’s Largest Casino Firm

In the financial highlights segment of last Tuesday’s GCG second quarter (Q2) 2019 earnings conference call, Baker noted a 20% increase in revenue, rising from $295.2 million in Q2-18 to $354.4 million in Q2-19. He attributed the boost in revenue to a variety of rationale:

  • One extra month of operations at properties in the company’s West GTA Gaming Bundle, compare to the same time period last year.
  • Additional revenue from newly introduced table games at Woodbine Casino.
  • Additional revenue from expanded gaming opportunities at Elements Casino Mohawk.
  • Heightened revenue from East Gaming Bundle following grand openings of Shorelines Casino Peterborough (Oct. 15, 2018) and Shorelines Slots at Kwartha Downs (Dec. 19, 2018).

GCG’s expenditure budget for the Ontario Gaming Bundle was nearly doubled year over year from $12.7 million to $23.6 million in Q2-19.

Revenue also rose in the British Columbia market, but the increase was attributed primarily to a single occurrence – a labour disruption at Hard Rock Casino Vancouver “that resulted in limited gaming and hospitality offerings for a portion of 2018.”

Shareholders earnings were a topic of much rejoicing during the conference call. GCG’s investors experienced net earnings of $48 million ($0.81 per common share) during the second quarter, an increase of $7.4 million ($0.15 per common share) YoY.

H2-19 Strategy: Spend Money to Make Money

“2019 is a year of significant capital expenditures as we build our infrastructure in Ontario to execute our strategic plan,” explained CEO Baker. “We have already accomplished several major milestones in the first half of the year including the new building addition at Great Blue Heron Casino and the gaming expansion at Elements Casino Mohawk. For the remainder of 2019, we continue to work towards completing several developments in Ontario, particularly at Elements Casino Flamboro and Elements Casino Grand River, which will include expanded gaming and new food and beverage offerings that we expect to complete by the end of 2019.”

Baker also spoke of the two-phase opening of Pickering Casino Resort, the first of which is scheduled to occur in Q1-20. The first phase will include gaming and dining venues. The timeline for the second phase has yet to be determined, but it will include “premium nongaming amenities”, like a hotel, retail stores, entertainment venue and additional dining options.

In closing, Baker credited the company’s recent and ongoing success to its “disciplined approach to use of capital opportunities and to explore opportunities that will improve our business and increase value to our shareholders.”

written by Grameister777 \\ tags: , , , , ,

Apr 30

AML laws to blame for Parq Vancouver Casino losing money?

Parq Vancouver Casino Losing Money, Some say AML Laws to Blame

Since 2018, money laundering has been the most abundant topic surrounding British Columbia’s once-flourishing gaming industry. Hundreds of millions – perhaps even billions – of dollars have been identified moving through BC casinos over the last decade. Provincial leaders are cracking down on the situation, and while putting a strangle-hold on the activities of organized crime syndicates is a huge positive, the impact it’s having on the Vancouver gambling scene is not.

According to recent reports, the Parq Vancouver, the areas largest casino opened in 2017, is not fairing so well. In its first year, the integrated gambling and entertainment venue made nearly $20 million. Following the implementation of new anti-money laundering (AML) regulations, this latest year’s profits are non-existent. The property recorded a staggering loss of more than $150 million.

Is Parq Vancouver Casino Still Viable?

The Parq Vancouver is an imposing structure located in the heart of British Columbia’s most populous city. Its copper-tinted window-wall exterior and unique shape are unmistakable, and are home to a two-story casino, a pair of luxury hotel towers (JW Marriott and The Douglas) on each end, eight diverse restaurants and lounges, and a plethora of other amenities. It is, as its owners describe it, an “international entertainment destination” that proffers “everything in one place.”

At the time the casino was being built – a process that took nearly 3 full years to complete – such a facility was in high demand. It was no secret that some of Asia’s most affluent tourists are drawn to BC, Canada, and that they are keen high rollers on the gaming floor. No doubt, the Parq Vancouver was hoping to capitalize on that foreign cash crop.

What the property’s owners did not know was that Asian VIPs were about to become a thing of the past in Vancouver as exhumed records would soon reveal a deep dark pattern of money laundering, resulting in a strain of new AML policies designed to thwart cash-cleaning by organized crime units.

AML Regulations to Blame for Revenue Loss?

In its first fiscal year, despite hefty loans and mounting debt, the casino drug in a profit of about $18 million. However, when the Office of Attorney General David Eby uncovered a history of money laundering – one that was highlighted by suitcases and duffle bags stuffed with mostly $20 bills amounting to $13.5 million being deposited at the River Rock Casino in nearby Richmond, BC in a single month’s time – began re-scripting the province’s AML laws, BC casinos didn’t look quite so appealing to all those high rollers anymore.

Dundee Corp, minority owner of Parq Vancouver, filed its annual earnings report on March 28, 2019, and the results weren’t nearly so vibrant. On the year ending December 2018, Parq Vancouver lost nearly $153 million. According to research analyst Andrew Hood of M Capital Partners, $112 million of that was spent covering loans. Owners declined to comment beyond the revelations of the report, but Hood took no issue addressing the pink elephant in the room.

“The anti-money laundering regulations in British Columbia have been a problem,” explains Hood. “The regulations were supposed to cut down on illicit gambling but, of course, that hurt volumes across casinos.”

Furthermore, data from Bloomberg reveals Parq has a pair of loans out. The first is a US$220 first-lien term-loan, and the second is a $150 million second-lien term-loan. Being owned by two privately held companies, Dundee Corp and its majority owner, PBC Group, specific details like interest rates do not have to be disclosed. But it’s clear that the Parq Vancouver Casino is drowning in debt.

Global market ratings experts at S&P say there’s every chance Parq will default on its loans. “We still believe that, absent a debt recapitalization, the company will be unable to materially address its high fixed charges and financial sustainability,” notes S&P.

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Apr 08

Canada’s favorite sports league partners with UK betting giant.

Canada's Favorite Sports League NHL Partners with UK Betting Giant

This story is starting to get old. It seems like every time I turn around, there’s another reason why Canada should legalize sportsbooks and single-event betting. Well, here’s another one for you. The National Hockey League (NHL) has signed a new sponsorship deal. As of last week, UK-based bookmaking giant William Hill became the official sports betting partner of the NHL.

Don’t misunderstand. This move has nothing to do with convincing the Canadian federal government to legalize sportsbooks. That’s just a sideline perk that’s bound to raise political eyebrows in the Great White North. The real purpose is, of course, to make monumental bundles of cash for William Hill, the NHL, and the tax coffers of US states where betting on sports has been legalized.

Betting on Canada’s Favorite Sports League

There’s no question that ice hockey is the number one sport in Canada. Like soccer in Europe, or football in America, the NHL gets more attention from Canucks than any other sport by far. We love the game so much, many of our teams glorify their fans with names like the Montreal Canadiens, the Toronto Maple Leafs, and the Vancouver Canucks.

Just because single-event betting isn’t expressly legal in the country doesn’t mean that fans aren’t wagering on the games. We love to make the games a little more interesting, just like people in the rest of the world where single-event action is legal. We just have to go a little further to place those bets – specifically, to international online sportsbooks.

The Canadian government is well aware of this. Provincial leaders, in particular, are hoping for a change to sports betting laws. The launch of legal sportsbooks in Canada would stop millions upon millions of dollars from flowing offshore each and every year, putting that money right back into the communities from which it was wagered. That’s what parlay-style sports lotteries – the only legal means of betting on sports we have now – do for each province. But those bets have terrible odds, in turn generating terrible participation levels.

How Might William Hill Partnership Help?

In the past, professional sports leagues had no interest in sports betting. In fact, they were dead set against the idea of people betting on their games. It was believed that a legal sports betting regime would promote duplicitous dealings like match-fixing. Now, however, it’s been determined that regulation shines a much brighter light on the activity, better serving to protect sports from underhanded dealings. It also helps leagues to generate a larger viewership base by increasing fan participation.

The fact that the NHL – Canada’s number one sports league – is in support of legalization, sends a clear message to all people of Canada, from class-A citizens up to federal-grade politicians, that sports betting is not the enemy.

This isn’t the NHL’s first foray into betting partnerships, either. Last November, the National Hockey League signed a contract with daily fantasy sports giant FanDuel Group. DFS hasn’t been so controversial in Canada; a moot issue that’s considered legal simply because it’s not expressly illegal. That same cannot be said of single-event sports betting, where punters put action on the outcome of a single sporting event.

A Montreal Canadiens fan, will PM Justin Trudeau favor legal sportsbooks in Canada?

Let’s not forget that Prime Minister Justin Trudeau spent years playing hockey in college and has proven his fandom for the sport ever since. He’s expressed his loyalty to the Montreal Canadiens on numerous occasions, and certainly seems to enjoy discussing NHL trades more than hard-line politics with the media. But is he acquiesce to legalizing sportsbooks in Canada? Only time will tell that tale, and whether the NHL’s willingness to play along will have any impact on the ending.

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Mar 27

BCLC approved high limit baccarat tables at River Rock Casino amidst revelations of money-laundering.

BCLC approved High Limit Baccarat Tables amidst Money-Laundering Scandal

It’s been an entire year now that British Columbia has been reeling over the revelation of mass money laundering through BC casinos. The fact that the scandal remains a highlight of regular news symbolizes just how severe the problem was, and every week it seems more evidence comes to light.

The situation revolves largely around Mainland Chinese VIPs laundering money through the province’s casinos – namely the River Rock Casino in Richmond. It’s been going on for at least a decade now, with hundreds of millions – possibly even billions – in dirty cash cycling through the casino’s cashier cages.

And now, to make matters even more brow-raising, it’s been discovered that the British Columbia Lottery Corp (BCLC) – the Crown Corporation that’s responsible for regulating the gambling industry in BC, and not-so-coincidentally accused of intentionally allowing it to happen – continually approved a vast increase in high stakes baccarat tables at both River Rock Casino and the Edgewater Casino in Vancouver.

BCLC Approved High Limit Baccarat Tables for Chinese New Year

You read that headline right… Let’s briefly revisit a few of those details. Millions of dollars were laundered through BC casino over 9+ years by Chinese high-rollers in association with organized crime. BCLC is under intense investigation and scrutiny for intentionally turning the other cheek. BCLC repeatedly increased limits for high stakes baccarat players during Chinese New Year – a time when VIPs are known to travel from China to casinos all over the world to celebrate their heritage by placing extravagant wagers on their culture’s historically favorite game of baccarat.

It wasn’t a nominal increase in stakes, either. BC casinos are normally allowed to accept stakes of up to $5,000 per play; no higher. Mot of them cap the limits at $100. But in anticipation of this special tourism-driven holiday, the province’s finance ministry decided it was appropriate to intervene, giving their two largest casinos, River Rock and Edgwater, permission to boost the stakes limit to as high as $100,000 per bet.

The next obvious question; how do the ministry and lottery regulators defend their actions? The same way they always do, by declaring their commitment to generate revenue for the province and host communities.

And the Plot Thickens…

Sam Cooper of Global News writes:

In May 2015, then-finance minister Mike de Jong said in B.C.’s legislature that the controversial “senior-level intervention” was made “in the public interest” in order to maximize casino revenue.”

Documents show that, since 2010, the Gaming Policy Enforcement Branch (GPEB) warned the BCLC not to accept large cash transactions from Chinese VIPs; that suspicion of money-laundering was a serious issue. Not only did those warnings go ignored, the GPEB’s Executive Director and Senior Director of Investigations – the two who sounded the alarms the loudest in those days – were dismissed with no explanation.

As the years went by, BC’s gaming revenue continued to increase to all new heights – particularly around Chinese New Year when the high limit baccarat tables received their annual 6-figure increase.

Light finally began shining on the situation in late 2014, when GPEB officials again complained to BCLC about large, suspicious cash transactions; literally bags of cash, almost all $20 bills, being accepted by River Rock cashiers on a nightly basis.

Documents show that BCLC responded by stating their belief that the transactions were tied to high stakes baccarat players and an organized crime suspect from Richmond. This lead to an investigative probe in 2015 – one that was ongoing while BCLC CEO Jim Lightbody announced projections of more than $1.2 billion in annual gaming revenue, “due to an increase in high-limit table revenue.”

Fast-forward a few more years to April 2018, when the newly appointed Attorney General David Eby received Peter German’s now-famous report, revealing the extent of money laundering that had been going on for so many years. And now here we are, one year later, still learning new and shocking details of just how deep the rabbit hole goes. It’s no wonder the people of British Columbia have lost faith in the leadership system that was meant to protect them, demanding a public inquiry into provincial corruption surrounding the money laundering scandal.

written by Grameister777 \\ tags: , , , , , ,

Dec 08

Are the biggest slot machine jackpots prone to small or large casinos?

Are the Biggest Slot Machine Jackpots Prone to Small or Large Casinos?Almost every casino offers a super sized slot jackpot within its banks of one-armed bandits. The prizes can be quite large, thereby enticing a lot of players to take them for a hopeful spin. The odds of unleashing such a jackpot are astronomical, but that doesn’t stop players from trying, or wondering whether the odds of striking such a life-changing prize changes by location.

Just like jackpot slots themselves, casinos come in all shapes and sizes. In Canada, we have large integrated casino resorts, like Caesars Windsor and Hard Rock Vancouver, where thousands of slots line the floors. We also have smaller locals’ casinos, like Chances Campbell River, offering just 150 slot machines.

The question is this; if the same networked slot jackpot were available in both small and large casinos like these, would one be more likely to pay out that prize than another?

Biggest Slot Machine Jackpots – Does Casino Size Matter?

To answer this question, we must first assume the odds of the jackpot actually being struck. The odds will not change from one machine to the next, no matter which casino it is located in. Every machine that offers the jackpot will have the same odds of paying it out.

On the other hand, the number of machines located within each casino does matter. For this reason alone, a larger casino is more likely to pay out a super sized slot jackpot than a smaller casino.

Let’s say Casino A has 15 matching slot machines, each boasting a networked $1 million jackpot. Casino B has only 5 machines boasting that same game, with the same jackpot prize.

The actual odds of that jackpot striking might be something in the area of 7 million to 1. Since there are 20 machines in total, the odds of that jackpot striking on a particular machine—assuming it must eventually strike—would be 20 to 1. And, since there are 15 machines at Casino A, and only 5 machines at Casino B, Casino A has a 75% chance of being the one to deliver that jackpot. Casino B would only have a 25% chance of paying the prize, when it does eventually strike.

Super Sized Slot Jackpots & How They Work

As I mentioned above, jackpots of this nature are networked across multiple machines. If a single machine carried its own, singular jackpot, it wouldn’t grow very quickly at all. But when that same game and jackpot is available on a multitude of machines, located on the gaming floors of a multitude of casinos, its progressive prize grows a lot faster. And the faster it grows, the more people are going to want to play it.

This is how the biggest slot machine jackpots in the world are generated. It’s an ingenious cycle that keeps the system running at max speed.

When a player finally does strike that jackpot, it’s the manufacturer of the game that’s responsible for paying the majority of the prize—not the casino. Otherwise, gambling halls wouldn’t be too keen on installing these machines. As it is, the casino gets a huge PR boost when a machine pays out. The game reseeds at a specific starting point, and the whole process starts anew.

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Nov 27

Canada Online Sportsbooks & Casinos: One thing leads to another

Canada Online Sportsbooks & Casinos: One Thing Leads to AnotherThe largest, most populated provinces in Canada have recognized the need for a competitive, internet-based gambling market. British Columbia, Manitoba, Ontario and Quebec each offer their residents a safe and secure, home-grown online casino venue, complete with a wide range of gaming options. For Canadian casino fans, it’s more than enough. But what about those who also enjoy sports betting?

The argument has been circulating for years, but never so vigorously as it has since May of this year. That’s the month the US Supreme Court overturned a 26-year old law banning sports betting across most of the country.

Canadians are no longer content to play their Pro Line parlay tickets. They want good odds, on single event bets, and they know exactly where to get them. And while they’re at it, they’re taking advantage of other online gambling needs that they could have gotten right here in Canada. But why should they?

Best Canada Online Sportsbooks Aren’t in Canada

The law may not permit Canadians to bet on single sporting events here at home, but there’s no legal recourse for betting over the internet with internationally regulated sportsbooks. Logging onto these websites gives punters access to all the games they could ever desire to bet on, in all ways imaginable, and then some.

For years, a small margin of Canadian sports fans used offshore sportsbooks to place their bets. Now that it’s legal to do so for our neighbors to the south, the attraction is so much stronger. And with mobile gambling set to surpass traditional desktop betting, it’s more convenient than ever before, as well.

The end result is simple. With no good online sports betting in Canada, more and more people are accessing international betting sites than ever. But that’s only part of the problem. International sportsbooks aren’t just taking a toll on our Pro Line ticket sales. They’re detracting from the clientele at those provincially run online casinos our government officials spent so much time and money establishing.

One Thing Leads to Another…

So many of today’s premier online gambling websites are a multi-channel affair. Take Unibet for example. It’s a one-stop-shop for all your iGaming needs. There’s Unibet Sports, Unibet Casino, Unibet Poker, Unibet Bingo, etc., etc., etc. A lot of today’s major brands offer the same multi-channel set-up. When a Canadian joins one of these websites to gain access to good online sports betting odds, what’s to stop them from using the other verticals?

Think about it. Bob from Ontario could use Unibet Sports to bet on the Toronto Blue Jays, and then log into PlayOLG.com for his blackjack gaming, but why should he? Bob is a busy man. With Unibet, he could make a single deposit into a single account, then bet on both with just a few taps of his finger. Bob would also have access to larger deposit bonuses, bigger tournaments and a throng of additional promotions that home-grown operators simply can’t stack up to.

The only argument Canadian provinces can pose is that Bob should game with them, because his losses will end up in the provincial tax coffers. Bob doesn’t want to hear that. Bob wants to hear that. He doesn’t want to hear how his losing will benefit others. He wants to focus on winning. And with offshore online sportsbooks and casinos, his odds of winning are so much better.

We Need Good Online Sportsbooks in Canada

As you can see, the need for more liberal sports betting laws goes so much deeper than most of our government officials, and even regulatory bodies, realize. It’s not just sportsbook revenue we’re losing out on. It’s not just a mere fraction of Canadians taking advantage of offshore internet gambling websites.

One thing leads to another, and the problem will only get bigger. Instead of missing out on higher revenue, provinces are going to start losing revenue all across Canada. Online sportsbooks are what the people want, and until the government gives it to them, they’re going go out and get it—along with everything else they want to wager on—elsewhere.

written by Grameister777 \\ tags: , , , , , , , , , , , , , , , , , ,

Nov 07

USA and Canada slot machines market a gold mine in 2018.

American and Canadian Slots Sales on the RiseThe global gambling industry has had its fair share of ups and downs. Whether by natural disaster or tumbling economic design, the pitfalls can be devastating for casinos and their game suppliers. Conversely, when the waves are cresting, the celebrations abound, worthy of uncorking the finest Boërl & Kroff Brut.

That’s where the slot machine manufactures that supply the North American market are right about now. According to the latest research report by the experts at Eilers & Krejcik Gaming, American and Canadian slots sales are up. They attribute the launch of several new and renovated casinos across the region has a lot to do with it.

USA & Canada Slot Machines a Gold Mine in Q2-2018

According to the report, the second quarter of 2018 has been the most lucrative for slots manufacturers servicing in the North American casino sector. Sales are up 15.7% across the USA and Canada combined.

North American Gambling – USA and Canada Slot Machines a Gold MineEilers & Krejcik point to the expansion of new casinos across the continent as the most pertinent source of increasing distribution. Just a few short years ago, an economic recession forced several casinos to close their doors, especially in New Jersey. In 2014 alone, the number of Atlantic City casinos dropped from 12 to 7, and continued to decline over the next two years.

Now, as the economy climbs out of recession, there’s been a resurgence in land-based casinos. Two new resorts opened in Atlantic City in June 2018; Ocean Resort Casino and Hard Rock Atlantic City. MGM Resorts opened the doors to it latest integrated resort property, MGM Springfield in Massachusetts, in August 2018.

North of the 49th parallel, more new casinos are opening their doors and widening their floors. The two largest private gaming companies in Canada, Gateway Casinos & Entertainment and Great Canadian Gaming, have procured one contract after another to build new casinos, or expand the size of existing ones, from Vancouver, British Columbia to Toronto, Ontario.

Gateway’s renovated and rebranded Starlight Casino at the West Edmonton Mall (Edmonton, Alberta) opened in September, followed by GCG’s launch of Shorelines Casino in Peterborough, Ontario in October. Those properties alone added about 1,000 new slots games to the gaming equipment invoices.

More Room for USA & Canadian Slots

Last month, everyone who is anyone in the gambling industry was in Las Vegas for the annual Global Gaming Expo (G2E). Todd Eilers and Adam Krejcik were, of course, among them. The two made some bold predictions at G2E 2018, including the prediction that there’s vast room for continued growth in the USA and Canada slot machines market.

“There are 106,000 slots currently installed in 10 legal route markets in North America,” Eilers told the crowd of attendees. “We believe there is untapped potential for an additional 200,000 to 300,000 incremental games.”

He also notes that of the total $6.9 billion in global gaming equipment sales last year, an estimated 81% ($5.59bn) was linked directly to slot machine installments. Eilers estimates the overall figure is on pace to reach $7.1 billion by the end of 2018.

written by Grameister777 \\ tags: , , , , , , , , , ,