Canada’s gaming landscape is changing, as the rise of the black market has significantly impacted the monopoly model in the country. Paul Burns, the CEO of the Canadian Gaming Association, highlights this shift and urges regulators to act quickly.
Key Points
- The rise of the unregulated iGaming market has effectively ended monopolies in Canada.
- Alberta is moving towards a regulated online gaming market, expecting to launch in early 2026.
- Ontario’s liberalisation has seen a channelisation rate of up to 93%, turning grey market revenues to regulated ones.
- Burns advocates for remaining provinces to follow Ontario and Alberta’s lead for better regulation.
- High-speed internet and smartphone adoption have contributed to the grey market’s growth in Canada.
- Regulators are urged to quicken their actions to accommodate the changing landscape.
- Burns expresses concerns over tariffs impacting the gaming sector and encourages local procurement policies.
Why should I read this?
If you’re keen on understanding the dynamics of gaming regulations in Canada, this article is a gem! It reveals how black market forces are reshaping the landscape and why it’s crucial for provinces to adapt or risk being left behind. Plus, there’s juicy insight into Ontario’s success story as a model for others to follow.
