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Canada

Gaming and Gambling Regulation in Canada – Outlook for 2023

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Online gambling has been gaining considerable popularity in Canada in the past few years. Many factors contribute to this trend, which include technological advancements, relaxations in government regulations, and growing attraction in youngsters who are looking for new ways to make money aside from a primary and stable income.

According to reports, video games grew at a rate of around 9.51% in 2022 and touched a 2.8 billion USD figure. The industry is expected to grow to reach 3.53 billion USD in 2023. Additionally, revenue from the industry is expected to show a growth rate of 6.54% every year to touch 4.55 billion USD by 2027. These numbers clearly show the positive outlook of the gaming and gambling industry in Canada.

Gambling in Ontario, Canada

In April last year, Ontario opened a new path for gambling businesses and sportsbook managers to launch their virtual casinos. The government amended the legislation so that businesses could apply for casino licenses and begin operations. Today, this license is offered by the Liquor and Gaming Commission. It’s because of this facility that sports betting lovers are able to engage in online gambling and make money while having fun at top sports betting platforms today.

Before Ontario’s historical decision, gambling was extremely regulated and bound tightly under stringent standards in Canada. The only way for gambling companies to operate in Canada was to have their license issued in a particular province where they wanted to conduct business. This tied them to a single province and restricted their overall portfolio and profits.

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Gambling in the rest of Canada

All Canadian states except for Alberta have different legislations that they follow. Only Alberta allows foreign gambling companies and third-party gambling companies to run their businesses in the state. That’s why you get to play poker, roulette, and other popular casino games on platforms such as Play Alberta.

In states other than Alberta, gambling is operational but these activities are run and managed by government agencies only. Even then, the norms and regulations are quite strict and gambling companies don’t enjoy adequate freedom in running their business operations. In fact, it was only recently when Bill C-128 was passed after which online casino and sports betting fans received the option to place single-event bets. Before this bill was passed, only parley bets were allowed on multiple events. So, even if players knew how to take their online betting to the next level, their hands were tied.

Gaming and virtual gambling growth

In the big picture, a positive trend in iGaming and gambling industry can be easily observed because of the following factors:

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  • Technological advancements: Mobile technology is becoming more powerful each year and mobile users are also increasing at a steady rate. Since more people play casino games and other conventional games on mobile than desktops, the iGaming and gambling industry is booming.
  • Convenience: Online gambling is super convenient. You don’t have to go to a certain place or need lots of money to partake in online gambling which is why it’s convenient for everyone.
  • Deals and promotions: Many online gambling platforms offer attractive bonuses and virtual money to attract players. When new players open accounts, they instantly get bonuses, free spins, and points, etc. These perks serve to boost the gaming industry overall.

2023 Outlook

The gambling and gaming outlook in Canada in 2023 can be assessed by looking at what’s happening in other countries. Even in countries where there are strict laws for gambling- such as India and the US- the governments are slowly easing up the regulations to promote online casinos and sportsbook platforms. We can see many existing online gambling platforms venturing into these markets, and new players entering the industry through these new territories.

Canada is already making it easier for online casino companies to run their business in the country and it will only promote it further in 2023. There are many reasons for it to do so. For starters, making online gambling and betting legal will curb illegal overseas gambling that only serves to hit the government’s tax collections. Additionally, it will also boost the economy as more third-party companies will start new operations in the country to generate more employment. It’s because of these reasons that experts believe the gambling revenue will increase by 30% to 40% by the end of the year.

Conclusion

Canada was once known as one of the strictest countries in gambling governance. However, this image is changing today and as the government is relaxing its regulations, more companies are setting up their businesses in the country. Hence, the general consensus today is that iGaming and gambling industry will continue to grow here in 2023 and many years to come

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Canada

IAGR announces Toronto as host city for 2025 conference

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Hot on the heels of its most attended conference in history, the International Association of Gaming Regulators (IAGR) is excited to announce that its 2025 conference will take place in Toronto, Canada, from October 20 to 23, 2025.

The event will be held in partnership with the Alcohol and Gaming Commission of Ontario (AGCO) at the Westin Harbour Castle, offering stunning waterfront views and a premier, downtown Toronto location.

‘Fresh off the success of our Rome conference, we’re thrilled to continue the momentum with next year’s event in Toronto,’ said Ben Haden, IAGR President.

‘The IAGR 2025 conference promises to be another unparalleled opportunity for our global community to come together, collaborate and shape the future of gaming regulation. We’re looking forward to working with AGCO to bring it all together.’

AGCO CEO and Registrar Dr. Karin Schnarr, added, ‘We’re excited to welcome IAGR and its members to Toronto. This partnership provides a great opportunity to share Ontario’s innovative regulatory practices and foster meaningful discussions that drive positive change in the industry.’

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Stay tuned for registration details early next year.

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Bombee Global Entertainment Ltd

ESE Entertainment Completes Acquisition of Gaming Production Company, Bombee Americas

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ESE Entertainment Inc., a gaming company that provides a range of services to leading video game developers and publishers, has announced that it has acquired Bombee Global Entertainment Ltd. (Bombee Americas), the North American arm of Bombee Event Production AB, (Bombee), a global production company specialized in live production, special effects, broadcast, and event management for the gaming sector.

Bombee has successfully collaborated with ESE to bring its premier event production services and world class customer service to North America and beyond. The North American arm of Bombee, Bombee Americas, will continue to grow and scale in this new organizational structure under ESE, while maintaining its entire team and global support.

Konrad Wasiela, CEO of ESE, said: “Today marks the next stage of ESE—a 2.0 version of our company. With the acquisition of Bombee Americas, we are not only solidifying our presence in North America but also paving the way for growth and innovation in the gaming industry. This is a major step, positioning us to deliver even greater value to our partners and elevate the gaming experience for our clients globally. We’re thrilled about the opportunities ahead and the exceptional talent joining our team.”

Transaction Terms

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The Acquisition was completed by way of a share purchase agreement (the SPA) among the Company, Bombee Americas, and the shareholders of Bombee Americas (the Vendors). Pursuant to the SPA, ESE acquired all of the outstanding shares of Bombee Americas in exchange for: (i) $750,000 in cash paid on closing, (ii) $375,000 in cash to be paid six (6) months following closing, subject to customary adjustments based on the working capital of Bombee Americas on closing, (iii) $375,000 in cash to be paid twelve (12) months following closing, and (iv) 30,000,000 common shares of ESE (the Consideration Shares), issued at a deemed issue price of $0.10 per share.

In connection with the Acquisition, the founders of Bombee Americas have signed three-year service agreements and will continue to run the business following the closing, along with the rest of the personnel of Bombee Americas who will remain in place, ensuring a smooth transition of operations. As part of the Acquisition, the Company has acquired the liabilities of Bombee Americas, mainly consisting of customary current obligations incurred in the ordinary course of business for Bombee Americas, which are not expected to have a material impact on the Company’s operations or financial position.

No finder’s fees were paid or payable in conjunction with the Acquisition.

The Acquisition was an arm’s length transaction within the meaning of the policies of the TSX Venture Exchange (the Exchange) and constituted an “Expedited Acquisition” in accordance with Exchange Policy 5.3 – Acquisitions and Dispositions of Non-Cash Assets. The Acquisition remains subject to the final approval of the Exchange.

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Suspected Digital Fraud Coming from Canada Up Nearly 11% Since H1 2023, Reveals New TransUnion Analysis

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In the first half (H1) of 2024, Canada saw a significant increase in suspected Digital Fraud attempts, with nearly 5.74% of all attempted digital transactions where the consumer was located in Canada involving suspected Digital Fraud, revealed a new TransUnion® (NYSE: TRU) analysis. This is nearly an 11% year-over-year (YoY) rate increase from H1 2023, and TransUnion also documented an 11% increase in the volume of suspected Digital Fraud from Canada during this period, despite a less than a one percent (0.7%) YoY increase in the volume of transactions.

According to a recent TransUnion survey,1 more than half (54%) of Canadians said they were recently targeted by email, phone call or text message fraud attempts. Phishing was the most common scheme type (45%), followed by smishing (42%) and vishing (39%).

The increasing use of digital transactions, combined with rising suspected Digital Fraud attempts are also impacting businesses as they potentially face revenue losses and increased operational costs due to fraud. According to a TransUnion business survey for the H2 2024 Update to the State of Omnichannel Fraud report, 200 Canadian business leaders said their companies lost approximately 6% of equivalent revenue – representing $78 billion – over the past year due to fraud. The most prominent causes of fraud loss cited by them were:

  • Scam/Authorized fraud (31%): Dishonest scheme intended to trick a person into giving up something of value (e.g., account access, money, information)
  • Account takeover (19%): Unauthorized individuals taking over someone’s online account (e.g., bank, social media, email) without their permission
  • Synthetic identity fraud (18%): Use of a combination of personal information to fabricate a person or entity to commit a dishonest act for financial or personal gain

TransUnion also found that suspected Digital Fraud attempts – where the consumer was transacting in Canada and targeted businesses globally – increased on average by 10.5% YoY in H1 2024 compared to H1 2023 and impacted all industries.

Top Three Industries Globally with Highest Rate of Suspected Digital Fraud Attempts Coming from Canada in H1 2024

  1. Gambling (online sports betting, poker, etc.) – 9.6%
  2. Retail – 9.2%
  3. Government – 7.7%

Top Three Industries Globally with Highest YoY Increase (H1 2024 vs H1 2023) in the Rate of Suspected Digital Fraud Attempts Coming from Canada

  1. Logistics – 172.9%
  2. Gambling – 79.3%
  3. Video gaming – 67.8%

“Protecting customers and their businesses from fraud is essential to enabling safe and tailored consumer experiences. These findings reveal that despite the good-faith efforts that are being undertaken by companies to identify and prevent fraud to date, fraudsters continue to evolve and it’s vital that fraud prevention methods keep up with the changing times,” said Patrick Boudreau, head of identity management and fraud solutions at TransUnion Canada.

“Businesses that aren’t already doing so should ensure that they are taking advantage of fraud prevention technologies such as identity verification, IP intelligence, device reputation and synthetic identity detection as critical components of their fraud prevention programs,” he added.

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