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Why Ethereum online casinos are so popular in Canada

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Ethereum has continued to boom over the course of 2021, with the year having been rather receptive to the crypto token despite all of the issues that have had an impact on various other coins. Whether it be the comments to have been made by influential figures from around the world such as Elon Musk, or whether it be the decisions taken by governments around the globe who are concerned – and perhaps fearful – of what cryptocurrency can do to their financial state, Ethereum has managed to maintain steady growth and has managed to become a huge coin within the industry.

According to research and estimates, it is believed the market cap of the coin is in the region of around $243 billion, thus highlighting just how popular it has become. One industry to have benefitted from its rise is the online casino sector. Canadian Ethereum casino Winz.ioĀ  is an online gambling platform that will allow bettors from the country to play with this particular form of crypto, as they have already recognized the boom and growth that the sector and the coin have managed to achieve over the last couple of years and since ETH was launched in 2015 by Vitalik Buterin.

Blockchain technology is a huge benefit for everyone

Online casinos will have looked to allow for the worldā€™s second most sought-after token because it relies on blockchain technology. This tech will then allow users of the coin and the operators that accept them to receive the highest levels of security when a digital transaction is made. There are many other benefits that this coin provides to online casinos and holders who decide to wager with it. One of them is simply down to the fact that the coin has very little fluctuation value and, again, links with the fact that a high level of security is provided to any transaction used, thus making it a safe alternative payment method. Finding an online casino that accepts Ethereum is not always easy, but if a platform already offers users the possibility of depositing with Bitcoin, then that is a good start as both tokens will use blockchain technology.

Advantages & drawbacks of using Ethereum at online casinos

Ethereum is considered to be one of the ideal ways for Canadian gambling players to fund their online casino accounts as there are a number of benefits and advantages associated with the coin. Firstly, going back to the fluctuation point outlined above, as there is not much hype or interest in it as there are other forms of digital currency, the value of it remains relatively stable, thus making it less risky as the price will rarely alter without a moment’s notice.

Furthermore, the transactions made when using Ethereum have a longer validity period and the minimal fees that are involved when making a transaction make them more attractive and preferred over other options that may be available.

Lastly, the fact that ETH transactions use smart contracts are a major benefit and differentiates crypto from the other various alternatives that can be used. This is because smart contracts are an automated program that is specific to this particular digital coin in blockchain technology that allows for the transactions to run as smoothly and effectively as intended.

Unfortunately, there are some potential drawbacks in regards to using Ethereum in online casinos and some that may be too difficult for some to get their head around. Holders of the coin will already know that this crypto is less user-friendly compared to many of the other versions available, which is why it is not as popular as others. In addition, the coin is not as widely accepted at many online casinos, although many have been working hard to accept it but there is still a way to go before it does become as usable as many of the other options that can be found.

 

Canada

BetVictor Canada launches Tracy McGrady Safer Gambling campaign

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BetVictor Canada launches Tracy McGrady Safer Gambling campaign

 

BetVictor Canada has launched its new out-of-home advertising campaign across the streets of Toronto to promote NBA legend Tracy McGrady as its Safer Gambling Ambassador.

Two mobile digital trucks strategically targeting high-traffic areas near Scotiabank Arena, Rogers Centre, and major sporting events will provide prime audience exposure for the campaign, scheduled around Toronto Maple Leafs, Toronto Raptors, and Toronto Blue Jays home games.

To further enhance the campaignā€™s reach, BetVictor Canada has partnered with Clear Media Group to leverage digital taxi tops across Toronto, providing city-wide exposure with 100 taxis displaying key brand messaging. These digital taxi tops will run during peak evening hours (5:00pm ā€“ 9:00pm) on select dates until April 5th, 2025.

The campaign coincides with Problem Gambling Awareness Month, a nationwide grassroots campaign held each March that seeks to increase public awareness of problem gambling and promote prevention, treatment, and recovery services.

BetVictor Canada offers an array of tools and services to help its Canadian customers bet and play safely and responsibly, across a host of sports betting markets and online casino games.

Mark Harper, Head of Emerging Markets at BV Group, said: ā€œBetVictor is delighted to be participating in the National Council of Problem Gambling campaign in March, to help increase public awareness of problem gambling and the need to promote prevention, treatment and recovery services.

ā€œIn using our Safer Gambling Ambassador, Tracy McGrady, to raise awareness about BetVictor’s safer gambling tools such as loss limits, time alerts and product restrictions we are dedicated to ensuring all players have a safe gambling experience. #PGAM2025.ā€

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AGCO issues $110,000 in penalties to BetMGM Canada for offering cash to induce new gambling customers

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AGCO issues $110,000 in penalties to BetMGM Canada for offering cash to induce new gambling customers

 

The Alcohol and Gaming Commission of Ontario (AGCO) has served BetMGM Canada Inc. with an Order of Monetary Penalty (OMP) of $110,000 for violations ofĀ the Registrarā€™s Standards for Internet Gaming.

In two separate incidents in 2024, BetMGM engaged marketing companies who offered cash to members of the public in return for opening new BetMGM accounts. The marketing activities occurred in public forums, such as a major national trade conference. Under AGCOā€™s Standards, operators are responsible for the conduct of their third-party suppliers who are contracted to support the operator’s Ontario gaming business, and must require their third-parties to meet Ontario laws, regulations and standards (Standard 1.19).

Ontario is one of the first jurisdictions in the world to establish and enforce rules that strictly limit high-risk inducement advertising and marketing in the online gambling industry. Registered iGaming operators are prohibited from offering gambling inducements, bonuses and credits as part of their broad public advertising and marketing activities (Standard 2.05). These Standards exist to protect Ontarians from predatory advertising and promotional marketing practices in order to limit the risk of gambling-related harm.

A registered operator served with an OMP by the AGCOĀ has the right to appeal the Registrarā€™s decision to theĀ Licence Appeal Tribunal (LAT), which is an adjudicative tribunal independent of theĀ AGCOĀ and part of Tribunals Ontario.

QUOTE

ā€œResponsible gambling safeguards and the protection of Ontarians on registered gaming sites is among our key priorities. The AGCO monitors the activities of all registered operators and their third-party suppliers to ensure they are meeting our high standards and we continue to take strong action to ensure they operate within the public interest.ā€

Dr. Karin Schnarr, Chief Executive Officer and Registrar ā€“Ā AGCO

ADDITIONALĀ INFORMATION

BetMGM Canada Inc. failed to comply with the Registrarā€™s Standards for Internet Gaming. Specifically, the licensee failed to comply with the following provisions of the Standards:

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  • 1.19 Operators are responsible for the actions of third parties with whom they contract for the provision of any aspect of the Operatorā€™s business related to gaming in Ontario and must require the third party to conduct themselves in so far as they carry out activities on behalf of the operator as if they were bound by the same laws, regulations, and standards.
  • 2.05 Advertising and marketing materials that communicate gambling inducements, bonuses and credits are prohibited, except on an operator’s gaming site and through direct advertising and marketing, after receiving active player consent.

Contrary to the Standards, BetMGM Canada Inc. and/or their affiliates allegedly engaged in the following activities:

a) On or about January 13 and 14, 2024, BetMGM representatives were alleged to have attended the National Franchise Show and were offering $100 in cash to new players for opening a new account and depositing $15.
b) On or about March 11, 2024, BetMGM acknowledged that its marketing affiliate ā€œAbove the Streetā€ had engaged in prohibited inducement marketing. The conduct resulted in 377 player sign-ups and $127,180.00 in commissions to “Above the Streetā€.
c) On or about April 13, 2024, another BetMGM marketing affiliate ā€œMaple Leaf Marketingā€ engaged in prohibited inducements and marketing to induce on-site activations and acquire new players. The conduct resulted in 94 player sign-ups and about $34,000.00 in commissions paid to ā€œMaple Leaf Marketingā€.
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BCLC Launches ā€œWhatā€™s played here stays hereā€ Campaign

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BCLC Launches ā€œWhatā€™s played here stays hereā€ Campaign

 

BCLCā€™s new ā€œWhatā€™s played here stays hereā€ campaign is issuing an important reminder to British Columbians who choose to gamble ā€“ specifically that all net profit its operations generate stays in B.C. to help fund critical services like education, health care and community programs.

The campaign also reinforces that all other gambling websites operating in B.C. are illegal and take away funds from critical community programs and services.

ā€œAcross B.C. and Canada, weā€™ve seen incredible groundswell around the importance of buying and supporting local, and thatā€™s no different for British Columbians who choose gambling for their entertainment. We want our B.C. players to know they can find a world-class gambling experience in their own backyard, whether itā€™s at one of our 33 casinos, 3,400 lottery retailers, or online at PlayNow.com, and that the proceeds from their play with BCLC make a positive impact at home in their community,ā€ Pat Davis, President and CEO of BCLC, said.

Along with illegal online gambling websites, BCLC also competes with Washington State and Las Vegas casinos, all of which aggressively market to B.C. residents.

ā€œBCLC continues to raise awareness that these gambling options do not support B.C.ā€™s economy and take away funds from vital provincial and community-based programs and services. In a time when British Columbians are standing united, we want to reinforce that playing together with BCLC helps make B.C. even better,ā€ Pat Davis added.

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