Is Canada Poised to Lead Online Gambling’s Growth Across North America?

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Is Canada the Leader in Online Gambling's Growth Across North AmericaIf you’re a supporter of the growth of online gambling across North America, this will come as good news. Of course, if you’re an opponent… blame Canada.

VCN Publishing reports this week that Canada is quickly becoming a hot startup home to a rapidly growing online activity.

“It’s one which enjoys growth in the region of 7-10% annually, with a global market value estimated at EUR21 billion (CAD$30 billion),” the official release explains. “What is it? Online gambling. These days, online doesn’t have to mean desktop computer, the gambling industry points out that the major trend is toward mobile and social gambling.”

The global online gambling sector is flourishing today and Western countries are leading the way in the legalization and regulation of the sector, with more than half of Western European countries facilitating the booming sector and only a handful of US states permitting.

The Canadian situation, however, “is tricky.”

The report in question notes that OnlineGambling.ca indicates that while the practice is not yet legal in Canada, “companies can offer online gambling services from outside the country and Canadians are safe to use those services.”

Nonetheless, a handful of Canadian firms have “seized the opportunity ahead of much-anticipated worldwide legalization and have reaped the rewards of getting in early.”

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