The vice-president of the Canadian Gaming Association, Paul Burns, has stated that small and medium online gaming software businesses in Canada could deeply benefit from these gambling operations including online casinos in Canada. The gaming market in Canada is estimated at over C$16 billion. Moreover, as time goes by more and more provincial governments are considering changing gambling laws in the country to legalize, regulate and naturally tax online gaming in their respective provinces. Ever since 1995 the gaming industry in this northern country has tripled the industry’s revenues which exceed the combined revenues of many other industries including sports , film, books, magazines, social establishments and other types of arts.
Burns has recently told Canadian gambling news: “Our industry supports more than 128,000 full-time jobs, 283,000 associated jobs and generates Cdn$12.5 billion in labor income and Cdn$8.7 billion in annual revenues remitted to the government.” He has also said that British Columbia and Quebec have already allowed online gambling and are seeing a boost from additional tax revenues. The next province to legalize online gambling including wagering on free slots and table games is Ontario in the year 2025 and they expect close to C$400 annual revenues from online gambling practices.
The latest and upcoming gambling regulation changes are likely to lift small and medium-sized casino gaming software companies out of the current black hole. Burns has stressed that: “I would estimate that gaming companies in the field will be purchasing anywhere from $4 billion to $7 billion in products and services.” Therefore, the opportunities for the online software developers will be basically limitless. “There will be a huge demand for HD technology experts for playing screens, IT security experts and IT administrators and service technicians,” he also stated. “Increasingly there is a focus towards new game delivery technology. In B.C. the lottery is planning to offer games to mobile device users”.
