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Canadas Online Gambling Industry Facing Potential Crackdown

Things could change very quickly in Canada as a new bill titled ‘ Quebec's Bill 74 ’ is currently awaiting a court decision. Bill 74 started off as a way to restrict foreign online gambling operators from taking too much of the revenue generated by the Canadian online gambling industry. Estimates show that the Canadian online gambling industry generated CAD$17.3 billion for 2017. The current online gambling laws in Canada allow for betting on an online gambling site as long as the operator does not have any offline gambling establishments in Canada. This is a big hit for the provincial casinos that operate their own websites like Espacejeux and PlayNow.com. Legislators are also concerned that a significant number of Canadians are playing an offshore websites and all that revenue is not being taxed. Bill 74 which was passed by the Quebec legislature in 2016 looks http://onegambling5ccgx.biznewsselect.com to address all of these issues. The bill also looks to get local Internet Service Providers (ISPs) to block foreign online casino sites and prevent gaming revenue from going out of the country. Quebec already blocked access to illegal poker sites in 2015 due to revenues being eaten up.

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