The years between 2015 and 2020 have shown a decline in gambling revenue in places such as the beautiful Canadian towns located across Ontario County for a variety of reasons. What was once a growing concern for many casino operators has slowly become an opportunity that needs to be seized. The majority of lost patronage has been attributed to the increase in online gambling according to an in-depth analysis done on the Canadian gambling industry. There are many aspects of virtual offerings that have given them a decided edge over the conventional brick-and-mortar locations of old.
While some might think that the market is saturated with all of the new Canadian online casinos that are popping up, the fact remains that the interest in the industry is anything but dwindling. Market share has become something that shifts and changes often, with Canadian players moving from one operator to the next. This is why operators have gone to great pains to ensure that their offerings stand out from the competition, with the best features and most lucrative offers. The competition between operators that service Canadian players are extremely fierce with many online casinos offering a vast range of games. From traditionally-themed games to new-age software masterpieces, there is something for everyone. The idea behind this variation is to capture as much of the market share as possible, for as long as possible.
Gaming catalogs are no longer the only aspects of online casinos that are varied. The new and technologically advanced methods that have hit the market in recent years have converted even the most traditional of players into tech-savvy gamblers. Long gone are the days of being limited to only credit card, Visa, and Mastercard transactions. These days, online casinos make use of e-wallets, cryptocurrencies, and prepaid payment methods to ensure that the exchange of funds between players and the casino is as seamless, convenient, and efficient as possible. The added safety measures that accompany these modern methods have also been highlighted as one of the most attractive features that online casino offerings are boasting.
Perks and Benefits
Payment methods aside, even the most careful of gamers have signed up for online casino offerings. According to studies conducted into this behavior from Canadian gamers, that have been classed as uncharacteristic, the main attraction is the free spins, welcome bonuses, and other promotional offerings that are on the site. Players can now enjoy gaming tournaments, try their luck on progressive jackpots, earn credits for signing up and join loyalty programs at their favorite online casinos. Besides this, players have chosen to sign up for casinos that offer frequent promotional offerings that keep the gaming experience fun and exciting, with something new to enjoy each time that they log into the site.
Online offerings have evolved a lot over the years. Besides the expansion of gaming catalogs, payment methods, and benefits for players, online casinos have spent thousands of dollars on developing beautiful, user-friendly, and luxurious sites. Platform and software providers have become extremely wealthy and influential through this process. The added functionalities of online casino sites that developers have been paid handsomely to perfect are chat services, site-specific games, and themes that are created by talented graphic designers.
The downside to these entertaining and exciting sites is that they are not licensed or regulated by the Canadian government. The AGLC has launched the first legal online gambling in the country this year, highlighting the government’s potential plans for other regions. However, offshore gambling sites are still wildly popular in most regions of Canada and widely used. The lack of regulated compliances, consumer protections, taxation laws, and member monitoring have been identified as key deterrents for some players. The hope is that other regions of Canada will follow Alberta’s lead and launch their online casinos.