Connect with us
SIS

Canada

Getting to know Canadian iGaming regulations in 2019

George Miller

Published

on

Getting to know Canadian iGaming regulations in 2019
Reading Time: 2 minutes

 

iGaming is widely accepted by the resident of Canada, the surveys show that approximately 70 percent of the population participates in some form of Igaming. According to the research, 24 percent of Canadians are busy with some form of online gaming on a daily basis. Sadly it is not determined which forms of them are most popular amongst Canadians and how the percentage is divided into the different forms of Igaming. Moreover, the country has not defined the Igaming industry clearly yet, and since in some of the provinces regulations are more strict than in others, it is hard to assume how honest the participants are when asked questions about their involvement in different forms of Igaming. However, it is clear that Igaming is very popular in Canada. Unfortunately, the regulations are not that clear. To understand what does the iGaming regulations look like in Canada in 2019 let’s go little back in history.

Forming of the regulatory framework

Just half a century ago all forms of gambling were prohibited in the country, including the lottery. Only in 1969, the criminal code was changed, allowing the governments of the provinces, as well as the federal governments, to host lotteries. Later on, in 1985, the law has changed once again and the provinces were given the right to regulate most forms of gambling and legalize them according to their own choice and decision. 10 provinces used this right in favor of the gambling and legalized some forms of it. Therefore, the laws are quite different from one province to another, most usually one can see the mix of forms of gamblings that are legal in each province. It might include lotteries, video lottery terminals, sports lotteries, racetracks, bingo, land-based casinos, and slot machines.

IGaming and gambling laws in Canada

The situation regarding online gambling is slightly different. The laws have started to take shape just recently. There are four provinces only that host web-based gambling sites and all the online casino games. These websites are available to the adult residents of these provinces only. Generally, while Canada is more open to the various forms of gambling, it had a more strict attitude towards online gambling and igaming. There is a separate commission that governs exclusively online casinos, and only one territory – Kahnawake Mohawk territory allowed to run online casinos. This territory is even considered to be legally offshore. Only four provinces authorize online casinos, these are Quebec, Ontario, British Columbia, and Manitoba.
While it is almost impossible for many providers in Canada to have an online casino, Canadian gamblers can freely enjoy playing online casino games with the casinos that are not based in Canada and are authorized by the commissions of different countries such as the UK Gambling Commission.
Till now, it does not seem that there will be any changes whatsoever tackling the Canadian regulations for the iGaming industry. Since provinces have the right to change their regulations by themselves till today some Canadians have different rights when it comes to playing online casino games.

Continue Reading

Canada

RevoluGROUP Canada Inc. Provides Corporate Update

George Miller

Published

on

RevoluGROUP Canada Inc. Provides Corporate Update
Reading Time: 3 minutes

 

RevoluGROUP Canada Inc. . Due to recent trading volume the Company wishes to announce an update.

  • RevoluEGAME concludes final integration of 60k extra games with RAWG
  • RevolUTILITY reaches 20K worldwide offers
  • RevoluESPORTS development update

RevoluEGAME Reaches 350,000 Games Available

Further to the news release dated 3rd January 2020, the RevoluEGAME vertical debuted with +3000 mobile/console-based games. In conjunction with Rawg, RevoluEGAME has gradually increased the mobile/console-based games available, having concluded the final tranche of 60,000 extra games on February 17th 2020. RevoluEGAME now boasts over 350,000 video games dating back to the 1980s and, right up to the very latest 2020 releases. The platform allows the worldwide selection and payment of entire mobile/console-based games and in-game play credits, now for +350,000 of the most popular games worldwide. RevoluEGAME leverages the company’s RevoluPAY® proprietary Apple and Android multinational payment App in the rapidly expanding sector of Online Video Gaming, also known as Egaming. According to NewZoo, a prominent Egaming publication, the Egaming sector grossed $137.9 Billion USD in 2018, a number that is projected to rise sharply as more players switch to Online gaming over the legacy DVD based consoles. As with all revenue verticals, the company’s banking authorized proprietary RevoluPAY® App holds center stage as the only method by which gamers can interact financially with RevoluEGAME

RevolUTILITY reaches 20K worldwide offers

The company is pleased to announce that RevolUTILITY has also been updated to now over 20k offers currently available. The latest updates include extra: gift cards, software licenses and increased online gambling platforms. The platform now boasts approximately +20000 worldwide offers immediately payable through RevoluPAY.

RevoluESPORTS Development Update

The Company began development of its upcoming revenue vertical RevoluESPORTS on November 1st 2019. RevoluESPORTS will leverage the RevoluPAY® proprietary Apple and Android multinational payment App in the rapidly expanding ESPORTS arena. Global Esports revenues hit over $1.1 billion in 2019, up 27 percent from 2018 amid ballooning revenues from: game credits, advertising, sponsorship and media rights to competitive video gaming competition sports via mobile and console video games. Esports tournaments are a significant factor in the video game industry and the company will gear RevoluPAY toward this professional esports subculture. The company is currently adding further functionality to the platform to include event ticket purchase and event organizer integrated stadium payment systems. As with all revenue verticals, the company’s banking authorized proprietary RevoluPAY® App will hold center stage as the only method by which Esports enthusiasts, event organizers and players can interact financially with RevoluESPORTS.

About RevoluPAY®

The Company’s flagship technology is RevoluPAY®, the Apple and Android multinational payment app. Built entirely in-house, RevoluPAY features proprietary, sector specific, technology of which, the resulting source code is the property of the Company. RevoluPAY’s built-in features include: Leisure payments, Travel Payments, Retail and Hospitality payments, Remittance Payments, Real Estate Payments, pay-as-you-go phone top-ups, Gift Cards & Online Credits, Utility Bill payments, etc. RevoluPAY is powered by blockchain protocols, and, is squarely aimed at the worldwide multi-billion dollar leisure sector and, + $595 billion family remittance market. RevoluPAY® is operated by the European wholly owned subsidiary RevoluPAY S.L located in Barcelona. RevoluPAY S.L operates under European E-money – Directive 2009/110/EC through a licensed electronic money institution or EDE Banking Licensed entity. RevoluGROUP Canada Inc. controls 5 wholly owned subsidiaries on 4 continents.

About RevoluGROUP Canada Inc.:

RevoluGROUP Canada Inc. is a multi-asset, multidivisional publicly traded Canadian company deploying advanced technologies in the; Online Travel, Vacation Resort, Mobile Apps, Money Remittance, Mobile Phone Top-Ups, EGaming, Healthcare Payments, Esports, Invoice factoring, Blockchain Systems, and Fintech app sectors.

For further information on RevoluGROUP Canada Inc. (TSX-V: REVO) visit the Company’s website at www.RevoluGROUP.com. The Company has approximately 158,139,272 shares issued and outstanding.

RevoluGROUP Canada Inc.

 

Continue Reading

Canada

2019—2020 THIRD QUARTER – Loto‑Québec is on track to meeting its

George Miller

Published

on

2019—2020 THIRD QUARTER - Loto‑Québec is on track to meeting its
Reading Time: < 1 minute

 

Three-quarters through the 2019-2020 fiscal year, Loto-Québec reports total revenues of $2.101 billion and consolidated net income of $1.082 billion.

QUOTE

“At this point in the fiscal year, we can confidently announce that we are on track to meeting, and even exceeding, our annual net income target of $1.295 billion,” said President and CEO Lynne Roiter.

HIGHLIGHTS

  • In the lottery sector, revenues declined compared to the same period last year. The decrease is due to Lotto Max, which offered fewer jackpots of $50 million or more and Maxmillions prizes than in 2018–2019, which was an exceptional year as for the number of major jackpots offered.

     

  • Loto-Québec paid out several major prizes during the last quarter, including jackpots of $50 million and $32 million.

     

  • Casino and gaming hall revenues continued their upward trend.

 

  • The online gaming site once again recorded higher revenues for both lottery and casino games.

 

  • Revenues from the bar network were lower, mainly because of terminal withdrawals in areas targeted by the video lottery terminal network action plan.

 

  • Revenues from bingo and Kinzo halls continued to grow.

 

  • The World Lottery Association has renewed Loto-Québec’s Level 4 Certification—the highest level of accreditation for responsible gambling in the world.

     

  • December 23, 2019, marked 50 years since the inception of Loto-Québec. The Corporation will be highlighting its history and launching several initiatives geared at its customers throughout the year.

The quarterly report is available on Loto-Québec’s website.

Continue Reading

Canada

Atlantic Lottery Board announces appointment of Chris Keevill as next President and CEO

George Miller

Published

on

Atlantic Lottery Board announces appointment of Chris Keevill as next President and CEO
Photo Source: alc.ca
Reading Time: 2 minutes

 

The Board of Directors of Atlantic Lottery is pleased to announce the appointment of Chris Keevill as the organization’s next President and Chief Executive Officer. Keevill brings to the position more than 20 years of experience in digital transformation, innovation, marketing and media at the regional, national and international level. Keevill will officially join Atlantic Lottery on May 1, 2020.

“It is an honour to be selected to lead the outstanding team of employees at Atlantic Lottery who are firmly committed to delivering on the corporation’s core strategy of growing its player base, improving player experience in a digital world, and modernizing the corporation’s capabilities to deepen its relationships with players. I’m looking forward to embracing the opportunities ahead,” Keevill said.

“These key strategic business areas are clearly underlined by a firm commitment to social responsibility,” he added.

“My roots are in Atlantic Canada and for many years I’ve witnessed Atlantic Lottery being recognized throughout the region as a leader in contributing to the community — both through delivering on its mandate to deliver 100 per cent of profits to help fund important public services, and through its commitment to supporting important causes and grassroots events around the region each year.”

Keevill is leaving his prior role as CEO of Colour.

Sean O’ Connor, Chair of Atlantic Lottery’s Board of Directors, said he and the rest of the Board are thrilled to have found someone of Keevill’s caliber.

“Keevill’s proven track record of execution and extensive experience with digital transformation and innovation, combined with his personal commitment to his community, will serve him well as he steers Atlantic Lottery into the future as a competitive, innovative, responsible gaming company.”

Chris Keevill is taking over from Brent Scrimshaw, who has served as President and CEO since 2011 and will retire from Atlantic Lottery with 13 years of service to the organization.

“The Board of Directors would once again like to thank Brent for his outstanding leadership during his tenure with Atlantic Lottery,” O’ Connor said. “Brent will remain as President and CEO until May 1, and during that period will continue to manage the organization and facilitate a seamless transition of leadership.”

Continue Reading
Advertisement
NSoft

Global Gaming Industry Newsletter – Weekly Digest (sent every Wednesday)

Please select all the ways you would like to hear from European Gaming Media and Events:

You can unsubscribe at any time by clicking the link in the footer of our emails. For information about our privacy practices, please visit our website.

We use Mailchimp as our marketing platform. By clicking below to subscribe, you acknowledge that your information will be transferred to Mailchimp for processing. Learn more about Mailchimp's privacy practices here. Read more about European Gaming Media and Event's Privacy Policy and Terms of Service.

Subscribe to our News via Email

Enter your email address to subscribe to our news and receive notifications of new posts by email.

Trending

Notice for AdBlock users

We are constantly showing banners about important news regarding events and product launches. Please turn AdBlock off in order to see these areas.