If you enjoy gambling but don’t always feel like driving to the casino, the future is looking bright. The global online gaming market is growing by an estimated 7 to 10 percent per year, and Canada is at the forefront of that trend.
Although the online gambling market is still undergoing legislative and regulatory procedures domestically, there are already some large Canadian gambling companies that are making inroads into the international casino market. Some of the biggest names include Imperus Technologies Corporation and Intertain Group Ltd. However, the biggest recent story involves Amaya Gaming Group Inc.
Amaya Gaming Group’s big purchase
Recently it was announced that Amaya would be purchasing the two biggest names in online poker, PokerStars and Full Tilt Poker, from Rational Group Ltd. This effectively makes the Canadian gambling company by far the largest operator of online poker in the world as well as the largest publicly traded online gambling company.
Is it legal for Canadian citizens to gamble online?
If you are still a bit uncertain about the legal climate for online gambling in Canada, you actually have nothing to worry about. Although it is technically still not legal for Canadian gambling companies to offer services domestically, those same companies are allowed to offer gambling as long as the gambling technically originates outside the country. No Canadian citizen has even been indicted for online gaming, and all of the momentum is in favor of expressly-authorized online gaming sometime in the near future — particularly now, with Amaya’s massive purchase of PokerStars and Full Tilt Poker.
Where can I safely gamble online?
Despite PokerStars and Full Tilt Poker now being owned by the Canadian Amaya Gaming Group Inc., Canadians are still able to play, as both websites’ servers are located outside of the country. In addition, 888 Gaming continues to offer a great platform for Canadians to play on, as well.
Whether you are a Canadian gamer or a gaming operator, the future looks like a sure bet!