Ever since the establishment of the online Canadian gambling industry, there have been both winners and losers. Due to the pandemic resulting from COVID-19, there have been losers among numerous online casinos as well. The biggest names in Canada have responded to the impact of the pandemic on online casinos, sports betting and bingo in numerous different ways. Some have fared better than others. The safety precautions mandatory for online casinos are tough.
Online casinos in Canada
Online casinos in Canada are subject to anti-money laundering provisions, which require them to follow strict procedures. A number of online casinos have failed this test and their licenses were revoked or denied renewal. The laws prohibit players under the age of eighteen (18) from playing at an online casino that is not equipped with certain types of safety precautions, such as a regulator-approved third party in the background.
This is to ensure that this kind of online gambling does not take place on a Canadian gaming site without any form of oversight or protection for consumers. It should be noted, however, that there are exceptions made for government-run lotteries and games such as Keno and Bingo.
The online gambling site is required to obtain a license from the British Columbia Gaming Commission for sports betting. This includes Poker, casino games, and slot machines.
As mentioned above, it should be noted that when compared with other countries in Europe or Asia-Pacific where online casinos are concerned, Canada has by far one of the most stringent government bodies that regulate the online gambling industry.
There are several steps to take when determining if an online casino is safe for players. This includes looking at their reputation, customer reviews, and whether they have any complaints against them with a local authority or licensing body in Canada. One of the best ways to determine reputable casinos is by reading through existing player testimonials. Another is by checking the terms and conditions of a site before registering with them.
An important factor in determining an online casino’s reputation is whether they have been blacklisted by third parties, such as complaints filed against a site that has not responded to player queries or has unfairly withheld their winnings from players.
It should be noted that online casinos are required to display their licenses prominently on their site. Reputable sites also publish the actual names of independent auditing companies that have confirmed they meet certain standards.
There are several ways in which an online casino can be blacklisted, including not being able to provide withdrawal services for player winnings or withholding funds from players, and refusing access to their personal information.
As such, players should not hesitate to contact a site’s customer support service if they have any issues with the online casino. The vast majority of these sites also provide toll-free phone numbers and e-mail addresses for this specific purpose. This is part and parcel of an online gambling site that operates in Canada and follows the local laws.
Players should also take a close look at an online casino’s terms and conditions, as this is where they will find out what types of bonuses are available for them to avail themselves. Another important aspect players need to understand before signing up with any site is how much money matches their budget. There are many sites that offer free casino credits to new players.
There are some reputable online casinos that allow Canadian players to deposit and withdraw their winnings using cryptocurrencies, which include Bitcoin. This is part of the site’s efforts in ensuring more anonymity for them as well as making it easier for them when they wish to fund or cash out their accounts at any time.