Canadian Online Casino Industry Continues To Expand Despite Coronavirus Pandemic
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The Canadian Casino Industry has been quite conventional to the core. And history bears testimony to it.
Over the years, this industry has been compelled to revamp itself, in a bid to realign with the evolving world. Along the lines of other industries, the online casino sector also had its share of thick and thin.
However, this industry has displayed its feat of strength, time and again, despite the mounting challenges. One marvellous instance of this is the occurrence of the Coronavirus Pandemic and its manifestation, leading to the suspension of offline gambling activities across the globe.
Freezing of Offline Gambling Exercises
In all Canadian provinces, all gambling venues and physical locations have been shut down, since March 2020. Not to mention, the bingo halls, casinos, horse racing venues, etc., that offer video lottery terminals and slot machines are closed too.
In the present scenario, with the advent of the Covid-19 pandemic, the casino industry is compelled to thrive and unfurl its affiliation with online ideals and concepts.
Before the pandemic, online platforms for casinos existed; however, they were lacking predominance. As per National Center for Biotechnology Information, in Canada, in the early stages of 2020, 80% of the provinces proposed provincially operated online gaming sites. These sites offered a plethora of gambling options to play.
However, things are looking different for the online Casino industry, proposing to turn the tables for the sector.
Thanks to the pandemic that has compelled the traditional gaming institutions to temporarily shut their physical doors and open the digital windows to preserve the safety and security of consumers. The facelift of the gaming industry is the perfect instance of modernization of a conventional industry that should always be booming.
Migration to Online Casinos
In Canada, online casino games have gained immense momentum, by leveraging the Covid-19 pandemic. However, before the pandemic inflicting havoc across the globe, online gambling in Canada was looked the other way.
Add to it, when the pandemic started to proliferate and traditional casinos had to shut their doors to curb the escalation of the disease in the nation, online gaming communities rose to fame in a jiffy. Online casinos and casino games became more prevalent throughout the country.
Online casinos have emerged from the rising obscurity, and have proven to be a monumental approach. Not only do they entertain customers with online games, but they also offer value for their time spent. And the best part, consumers can do all that sans any risk that is inevitable with a traditional casino environment.
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The Gambling Industry’s Reaction
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Corroborating the above statement, casino games in Canada have witnessed a huge surge of late. Experts are of the notion that the demand for online casinos will scale up, as interest and investment gain momentum along with the pandemic.
Canadians across the country, who have a penchant for gambling, are finally addressing their expediency in engaging in online casino games. Furthermore, the affluence of playing online casino games rules out the risk of the confines of a conventional casino. Hence, the popularity of these online casino games in Canada is going to be more conspicuous with time.
Supporting the above statement, a survey of 2005 gamblers was conducted in the Ontario province. The survey was conducted between April 21 and 28 2020. The outcome of the survey stated that around 54% of the respondents said they tried online casino games during the containment. Also, 77% of the respondents said that they were offline gamblers before the advent of the pandemic.
Lessons learnt from the Great Depression
The rising popularity of online streaming platforms during the pandemic is a worldwide phenomenon. Leveraging this phenomenon, online casinos and casino games have roped in their targeted customers.
Even the shutting down of their physical headquarters could not hold back the casino industry from trying to reach the pinnacle. From targeting potential customers and players to take part in online gaming portals and apps to proposing the best of the best entertaining games, the casino industry has left no stone unturned.
The online casino industry that stretches its wings across the globe has gained a strong foothold for many more days to come. Operating primarily on conventional concepts, the gaming industry has always been traditionally limited.
However, things have changed in the present.
The unfolding of events due to the Coronavirus pandemic has compelled the gaming industry to modernize and reform a lot faster than usual.
Canada is probably the best instance of the influence of the virus in the rise of online casinos and casino games. In addition to its credentials, more investment, interest, and momentum are building up in the online casino industry in Canada, more than ever.
As Covid-19 continues its dreadful impacts on the world, delays and interruptions are inevitable. The sudden impact of this pandemic on sports and online betting will continue to evolve in the days to come and at a much faster rate.
It is expected that the pandemic may eventually lead to the normalization of online casinos and casino games. With time, online casino games are expected to be popularized and legitimized, not only in Canada but abroad too.
This, in turn, will not only open the doors for more economic growth but also lead to less proliferation of Covid-19 in the days to come. At the very least, the pandemic has made media companies understand that it is a vast market that is untapped and extremely engaging.
Add to it, online casino companies will be able to rope in highly engaged customers for their portal.
Thus, it will be a win-win situation for all, both for the consumer and the company. The company benefits from the customer, and the customer benefits from the company by staying indoors and avoiding the risk of being Corona positive.
