Author Archives: Murphy Green

Gambling Laws and Regulations in Canada

Canada has seen a consistent and steady growth in its casino and gaming industry. But still, the Canadian Government’s attitude towards online gambling has always been confusing. On one hand, they do not prohibit Canadian players to play online on any website they want. On the other hand, they do not grant gambling licenses for Canadian site operators to run their site in Canada.

Canadian gaming industry

Canada LotteryWhile the regulated gaming industry in the country deals with lottery, casino slots for gaming, charitable gaming, slots at various race tracks and video lottery, unregulated gambling activities that take place in Canada include lottery ticket sales on Internet, casinos, bingo, and poker sites. And even though the regulated gaming market seems to be under stringent security and accountability measure in place, not every online casino operating in the country is subject to their Government regulations or laws.

The Canadian lottery moves online

The lottery industry in Canada has moved into the online sector with the first online casino being set up by the British Columbia Lottery Corporation in July 2010. And from then, the country has been proactive in its efforts to regulate and legalize the online gaming sector, which will certainly bring in more revenue for Canada as well. In fact every year, Canada holds a Gaming Summit in June, to discuss various legal issues and other developments in the gaming industry. The 2016 Gaming Summit is schedules to take place in Ottawa.

The summit also includes discussions about casinos and game centers that operate inside the ‘gray area’ of the online casino market. These are companies that have prestigious European accreditation but have no place in the Canadian scheme of laws and regulations. There is also a panel of people that focuses primarily on gaming lawsuits and deals with lottery corporations. And for the most part, gamblers are protected by the law under the online casinos’ policies.

DEQ Systems and Talisman Group Resolve Their Business Differences

deq systemsInvestors of Australia-based entertainment and gaming firm Echo Entertainment are questioning its theoretic model of future profit projections based on revenues from VIP gamblers. They stated that the projections of profits that the firm can win over a period of time are highly inflated as these are based on the premise that high rollers will bet specific amounts during this period. According to the theory projected by Echo Entertainment’s financial management body, future profits are based on an estimation that the casino will earn 1.43 percent on every $100 bet by VIP customers at its tables.

Actual vs projected earnings at Echo Entertainment

This projection was accepted at face value until it was discovered that Echo’s win rate from VIP customers was only at 1.27 percent so there was a shortfall of $66 million over projected earnings of $521 million which was largely due to volatile behaviour of high rollers. Though these high net worth clients wagered around $46 billion on its tables in 2015 it has not led to growth in revenues. Analysts’ state that Echo Entertainment’s projections are a little unrealistic and the closest earnings a casino can expect from high rollers is 1.35 percent in table games like baccarat which is easily achievable and is the industry standard.

Echo Entertainment’s earnings

Echo group owns three popular casinos in Queensland area of Australia and calculated the win rate on the basis of theoretical average of five years. Though the volume of VIP gamblers at Echo’s Jupiters Hotel and Casino has grown in recent months when compared to previous years the market has become very volatile so its theoretical rates are way above what is actually earned. Echo older theoretical rate was at a high of 1.62 percent a couple of years ago but was reduced to 1.43 percent after protests by its 10 percent stakeholder James Packer of Crown. But even this rate is higher than industrial average of 1.35 percent so there is a difference between actual win rate and projected rate.

How to Find the Best Canada Casino Deals

When you want to play a little roulette, roll some craps or, just spend some time at the Blackjack table you want to do it when you get the most bang for your buck. When the points that you get back from the casino club are at their highest and where you are most likely to get the best return.

Why Are There Certain Times When Going to the Casino is the Best?
Casino CanadaCasinos are there to give you a great time, but in addition they also want to keep you coming back. So, many casinos have a points system, similar to what you see at a Walgreen’s or grocery store. You can, as well, gather points at the casino, and redeem them for money or prizes. It helps if you know about those days before hand, so you can get a great deal of points with only a little bit of effort.

Take Advantage of Social Media
Every casino has a hand in social media and uses it to let their customers know when is a great time to come and visit the casino. Places like the Maple Casino have a twitter account, Casino Edmonton also has a Facebook area as well. Many Canadian casinos have landing pages and accounts that can alert you from your home computer or your smart phone when and where the deals are happening. They can also send you email alerts for the best time to earn the most points. There are even sites that will rank the casinos that can give you the most points for your buck, such as Online Casino City.

What Can I Get With Earning Points at the Casino?
It all depends on the casino. They will often give you double your money on any casino machine. In addition, they can also give you complimentary dinners, lunches, or even hotel rooms. So take advantage of what the casino is offering. You may make more than you spend.

Maple Casino Review

Maple Casino is an online casino that is geared for the Canadian player, but it accepts clients from all around the world except the United States. The casino uses both Microgaming and Microgaming Quickfire, and the website and all software are available in both English and French. The casino is owned and operated by Vegas Partner Lounge, licensed in Malta and audited and certified for fairness by eCOGRA.

Software

maple-casinoThe casino makes full use of both the Microgaming core and Microgaming Quickfire platforms. The preferred way to access the site is through the desktop client because that provides you with full access to the casino’s game library and services. Nevertheless, the instant-play casino available directly through the website is a convenient option when downloading and installing software is not viable. For Apple and Android mobile devices that cannot handle a full-blown site, an app is available that provides full access to the software company’s mobile library.

Slot Machines

The game library at this casino includes more than 600 unique options, a large number of which are slot machines. The slots selection includes pub-style games, multi-line games, five-reel machines, machines with second-screen bonuses and more than two dozen progressive jackpots. The choice of progressive jackpots is one of the big draws because the casino is fully connected to the Microgaming network, and the pots get ridiculously large.

Banking

The casino’s default currency is the Canadian dollar, but it also natively supports the American dollar, euro and pound sterling, which means that there are no exchange surcharges. The cashier also offers a wide selection of payment options, and almost all the options support both deposit and withdrawal. Deposits are for the most part instantaneous; the exception to this is a bank transfer, which depending on the bank can take up to five days. Most withdrawal options process with two days, but credit cards, for instance, can take up to seven business days.

Play to Win Progressive Jackpots at Maple Casino

At Maple Casino, players can win big with the progressive jackpots on offer. This is just one of the many ways to win big at Maple – Canada’s premier online casino.

Progress to win

maple casinoThe games at Maple Casino are powered by the Microgaming gaming software. This means all the games are linked through a network spanning across the world. As such, the jackpot amount keeps increasing with every new bet. Ultimately, the jackpot amount keeps increasing and runs into millions. So whether players want to play slot games or table games, they have the opportunity to win a progressive jackpot. The huge amount of winnings available to win and the thrill of the games is a potent combination for any casino player.

Some of the games available at Maple Casino that have ongoing large progressive jackpots are Mega Moolah, Major Millions, Cash Splash, Fruit Fiesta, Treasure Nile, Tunzamunni, Cashalot, Jackpot Deuces, Caribbean Draw Poker, Poker Ride and many more exiting games.

Safe play, easy wins

At Maple Casino, it is easy to play games for progressive jackpots. The banking system here is safe and secure with easy ways to withdraw funds. You can use any of the several payment methods available at Maple from Visa, MasterCard, Skrill, Click2Pay, EntroPay, MyBank and others. The site uses encryptions for every financial transaction and all withdrawals require proof of identity and address. So there is now no stopping anyone from utilizing opportunities to win at progressive jackpots at Maple Casino.

Along with the progressive jackpots, Maple Casino also offers numerous other bonuses and promotions. The first deposit bonus is quite good where new players can earn up to CAD$300. There is also a lucrative loyalty program where players can win rewards and prizes at every stage of the promotion.

Santa Ana Star Casino to Give Vacation Jackpots for Winners

Santa Ana Star CasinoPlayers at the Santa Ana Star Casino now have lots to cheer about as the casino has announced that it will send winners of its promotional drive in Easter week to holiday destinations within the US. The promotional event named “Jet..Set..Go” being held till March end will announce names of three lucky players every week that will be given options for holiday spots across several destinations in United States. Lucky draws will be held every Saturday and players have to collect points on their Star Rewards Club Card to qualify for varied vacation venues and can get one entry for every 500 points earned in playing their favorite games.

Winning terms and destinations

Winners can choose from several locations like Alaska, Anchorage, Seattle, Las Vegas, Nashville, New York, Philadelphia, Cape Canaveral, San Francisco, Chicago, Honolulu and St. Louis. To increase their points players can try out 3X Hump Day on every Wednesday of the month. Star Rewards Club Members can earn three times their regular points and five times if they play between noon and 5 PM on Wednesdays. All players of Santa Ana Star Casino can increase their chances by trying out $33 hot seat draws where three winners will be selected at random between noon and 8 PM every hour.

Promotional offer of San Felipe Casino

Patrons here can drive away in a cool new car this March which can be won during “$150000 CAR-nivale of Cash”. Besides a new Chevrolet car, patrons will also get to win $10,000 cash prizes based on drawings made between 2 – 6 PM every Sunday. Besides the “Madness in March” draw, guests can earn bonus payouts for blackjack win. There is also the “5K Friday Loyalty Play” wherein every Friday ten winners will be chosen to receive $50 as loyalty to play between noon and 9 PM. Thursday at San Felipe Casino start with “3X Points” promotion wherein customers can redeem points for free play, casino games purchases and also to purchase gas.

Ontario Hoping to Legalize Single-game Sports Wagering

A bill that has been three years in development will legalize single-game wagering for sports such as football, basketball, soccer and hockey. Currently, sports wagering is legal throughout Canada, but not in a single-game betting format. Because of this, a game like the Super Bowl cannot be bet. Provincial governments lose millions of dollars to foreign websites and illegal bookmakers. It has been estimated that there will be 150 million dollars bet on Sunday’s Super bowl, and these bets will not be placed legally.

canada-sportsMany members of the Ontario government want to see casinos in the Niagara Falls and Windsor areas accept legal wagers for single-game sporting events. Along with Canadians, the money attracted by these border towns from the United States will be quite high.

The House of Commons has already passed this legislation, but it awaits approval from the Senate. Known as the Red Chamber, this unelected body of parliament has only rejected legislation twice in its history. There are those who believe that this may be the third time. The most common reason given has been the lack of time members of the House of Commons were given to read the bill. Although the vote was unanimous in the house, it was a voice vote. Many of these representatives are asking the Senate to reject the bill.

Bill Rutsey, who is the president of the Canadian Gaming Association, declared that the only people who are benefiting from single-game betting are criminals. It is estimated that the sports betting industry is at least 10 billion dollars. Because so much of this is underground, it represents unrealized revenue for provincial governments. Provinces across the nation have seen their revenues drop. Passing this bill will help to shore up budget shortfalls. In addition, in the Windsor and Niagara Falls area, it is estimated that 250 jobs would be created.

Conservatives Critical of New Ontario Online Gambling Site

There is always going to be a lot of heated debate about the subject of gambling. A lot of people and politicians in Canada believe that it should not be legal for their citizens to place bets on casino games. They are even more vocal about the idea of the government helping people place bets online.

Play-OLGWith the OLG launching a new website in Ontario, PlayOLG.ca, there has been a significant backlash from conservatives. They believe that Liberals in Canada are not tackling the gambling problem in the right manner. The Progressive Conservatives party believes that their Liberal counterparts should stop “trying to find pennies and nickels under the couch.”

Many Liberals claim that having a government run site would help them regulate the amount of money people spend on gambling. Conservatives do not agree with this sentiment. They believe the Liberals just want to take more money away from the poorest and most vulnerable Ontarians. “They just want a way to get more money into the state coffers. This has nothing to do with regulating gambling,” said a critic of the new website.

Conservatives are worried that having a government sponsored site will only encourage more people to gamble. “If someone spends their entire day sitting in front of the computer and gambling, they will end up spending money they do not have. This is a dangerous past time to encourage, especially with how much we know about gambling addiction,” said Catherine Fife. Catherine is staunch critic of this Liberal policy.

“A lot of research has been conducted on this matter, and almost all of it points to online gambling as increasing the propensity for gambling addiction,” she continued.

Regulating gambling may be one reason the Liberal government wanted to create PlayOLG.ca, but the potential financial benefits cannot be ignored. There is a $13 BILLION deficit in Canada that needs to be eliminated soon, and revenue from gambling sites is one way to solve the problem.

PokerStar Deal Favours Amaya Gaming

When Amaya Gaming’s CEO David Baazov walked into private equity firm Blackstone Group’s office earlier this year seeking financial backing to buy one of the world’s biggest poker company, PokerStars, his seemingly ludicrous proposal was rejected and he was shown the exit. A couple of months later, the 33-year old completed the deal and emerged as the king of online gambling, besides his company performing overwhelmingly well. So goes the saying – Fortune favours the brave.

David Baazov

The deal

On August 10, Amaya announced that it had completed the acquisition of 100 percent of the outstanding shares of Rational Group, which operates PokerStars, Full Tilt and other popular poker brands for a total deal value of $4.9 billion. The transaction was financed in a combination of liquid cash, private placement of subscription receipts, dew debts and private placement of non-voting convertible shares and common shares. After the purchase Rational Group CEO Mark Scheinberg said that he expects PokerStars and its other poker brands to increase business with the combined leadership of Amaya and Rational executives.

Post the purchase, traffic for cash games rose as much as 10 percent, highly attributable to PokerStars’ December Festival events. Milestone Hands, one of the tournaments of the December Festival, is witnessing a high turnaround.

 The aftermath of the deal

Currently, PokerStars has an average of 21,000 ring game players and enjoys the second highest player traffic. Amaya’s Full Tilt occupies the fourth place with an average of 1500 players, behind 888Poker and iPoker which at 2400 payers and 2000 players respectively.

In November, Amaya posted its third-quarter revenue that surged $38.6 million to $239 million, compared with a year earlier. The Montreal-based company’s adjusted profit rose 10 times to $70 million, or $0.43 per share surpassing average analysts’ expectation of $0.15 per share. Amaya said it expects even stronger results in the next quarter due to increase in traffic in December.

Even though there are a number of challenges and barriers ahead of Amaya relating to its latest acquisition, the results and traffic reveal that Baazov’s brave move was rewarding. However, whether it will remain rewarding in the long run is yet to be seen.

Ladbrokes Leaves Canada

There were a lot of worries about the future of online casinos in Canada when Ladbrokes pulled their participation from the country’s market. Investors and market experts were seriously worried that Canadian regulations would continue to drive companies out of the country. However, these fears have turned out to be unfounded.

While Ladbrokes may be gone permanently from Canada, their withdrawal had more to do with their competition than any regulations. They were unhappy with steps taken by a couple of other online casinos in reference to payment processing companies. Instead of fighting to improve their standing in Canada, they chose to leave.

LadbrokesRegulation –

While overseas countries are not expressly allowed to serve Canadian customers, most of them get by nonetheless. They do not place any advertisements on Canadian soil, nor do they heavily publicize their Canadian market. This allows companies such as Bet365 and Betfair to continue serving Canadian customers and making good money from the country.

One Off Case –

Experts now believe that the Ladbrokes decision was a complete one off, and does not reflect the online casino market’s direction in Canada. Most of the international companies that serve Canadian customers originate in the UK. New UK laws mean that they must show less than 5% of their revenues per year come from Canada.

While other companies were happy to comply with these requirements, Ladbrokes did not want to deal with the situation. It was reported that only half a percent of their yearly revenue comes from Canada. That figure is too small for them to deal with the hassle of continuing to provide services to Canadians.

However, companies such as Bet365 and Betfair have a lot more at stake in Canada. They are more popular among Canadian gamblers, which means they will continue to stick around.