Canadian Market Still Shying Away from Online Gambling
Canada is in the midst of hefty debates on the issue of online gambling and is mostly opting to continue bans on the activity. In fact some provinces are leading the way in anti-gambling legislation. It is interesting because just like other countries, Canada is suffering financially due to the market and the recent recession. It is normally the next step for legislators to find ways of bringing in revenue to shore up cash reserves and gambling has served some countries well. Consider that in Macau their gambling industry saw a 40% growth earlier this year over the course of just one month’s time. There are millions of dollars to be had in the world of gambling and it is interesting to see a country that has no designs on implementing an online gambling initiative. There have been a long list of companies that in recent months have pulled out of the country in terms of gambling and experts are saying that this could be a sign of what is to come.
BWin.com is a company that so far has pulled out of the Canadian market. It is a huge company in the world of gambling and this move most likely is a sign that it is working with the legal climate of the country. Canada is having problems with legislation and is putting no effort into gaining legalization in the market. Customers of the Bwin.com website received an email notification of the changes. The company told them that they would still have their accounts and be able to play free games with them. They just cannot play any of the actual real money games. The customers also can withdraw their money and put it into other accounts on the BWin.com transaction page. Details are not yet disclosed on what the future of the hobby will be to the market and that most likely is something that BWin.com will not have a hand in. The company will just have to wait and see if Canada is going to change its legislation on the issue and be ready to offer games if it does. The company still is in a great position to move right back into the market if the legal issues are sorted out.
