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The Positive Effect of Crypto on Canadian Gambling

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The Positive Effect of Crypto on Canadian Gambling

 

There has been a recent surge in the Canadian cryptocurrency market as citizens can explore various digital coins. More and more locals prefer Bitcoin, Litecoin, and Ethereum for instant transactions within the country and beyond. 

The emergence of cryptocurrencies into the local iGaming market has brought giant changes. Numerous gambling platforms offer digital coins for deposits and withdrawals, becoming more attractive than traditional sites. In this review, we will cover the positive effects of cryptocurrency on the gaming industry and the best Canadian BTC casinos to join in 2023.

Changes Caused by Cryptocurrency

Since Bitcoin was first used in the gambling world, many changes have occurred. This has attracted the attention of enthusiasts who want more benefits and features for their money. So now we will tell you about the advantages you will get at any BTC casino if you are based in Canada.

A New Level of Security

Crypto casinos are the best solution in terms of security and privacy. Blockchain technology eliminates the use of third-party software. The casino itself is resistant to cyberattacks, and players don’t have to specify banking information every time they deposit or cash out their winnings. Some BTC platforms require KYC verification for anti-fraud purposes. Moreover, these transactions are untraceable, so you can bet with 100% anonymity.

Quick Transactions To and From the Casino

Players complain about slow payments and long pending time when using traditional banking services like credit cards and wires. Cryptocurrency has completely changed the approach to gambling transactions. Your deposit will land in a few seconds after pressing the confirm button. Withdrawals usually reach their final destination in a matter of minutes. Since no financial institution regulates Bitcoin, you won’t pay giant fees.

Better Bonuses and Rewards

Crypto casinos are known for their increased bonuses tied to a specific currency. For instance, you will be offered a 100% refund for your first BTC deposit or a dedicated reward for LTC bets. These promos are superficial to traditional Canadian casinos, meaning they are more profitable. Plus, there are daily and ongoing deals for existing customers and even VIP programs.

 

The Best BTC Casinos in Canada 2023

When it comes to crypto platforms, the choice can be problematic. Because of the large number of BTC casinos, there is a chance that you end up in the wrong place. We don’t want that to happen, so we created a list of Canada’s best blockchain gambling sites.

Bitcasino.io

Bitcasino.io first announced itself in 2014. It is approved by the Government of Curaçao, and it is the first casino in the world that offered live dealer games with Bitcoin bets. Nowadays, it cooperates with TOP gaming vendors such as Microgaming, Ezugi, and NetEnt. The portfolio exceeds 700 titles. However, the most fun is waiting for you on the bonuses page.

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  • 100% bonus under first deposit (up to 100 mBTC).
  • Daily live casino rewards.
  • VIP program.

Bitcasino.io supports a variety of coins, including Tether, Litecoin, Tron, and Ripple. This is a safe place for gambling in Canada.

7BitCasino

If you’re looking for a combination of bonuses with gaming abundance, 7BitCasino may be the place to stay. It is licensed by the Government of Curaçao, offering a range of cryptocurrencies for deposits and withdrawals like BTC, DOGE, BCH, and USDT. There are over 1,500 top-notch games (from 60+ providers) to test out right now. The bonuses are just as impressive.

  • 100% match-up bonus for the first deposit.
  • 25% Monday reload bonus.
  • Wednesday free spins.

If you think that 7BitCasino is your perfect place for gambling, then register and pass KYC verification.

CoinSlotty

CoinSlotty always keeps its doors open for crypto players. Approved by the Government of Curaçao, the casino features over 4,000 games, including slots, lotteries, live dealers, jackpots, and table games. If you’re going to play on this site, keep an eye out for the bonus program.

  • 100% welcome offer for BTC deposits.
  • Weekly free spins for the hottest video slots.
  • Loyalty program with cash boosters and multipliers.

If you want more rewards, visit the unique Bonus Shop to get yourself free spins or anything else in exchange for accumulated points.

Conclusion

Canadian casinos have worked with fiat currencies for years. But like any other industry, gambling is changing, and crypto betting is gradually taking the lead. Today, there are more than 1,000 coins on the digital market and more to come in the near future. In addition, the Canadian government has legalized digital currency, meaning that citizens can buy and sell coins of their choice. However, most existing crypto casinos support the most popular options like BTC, ETH, USDT, and LTC for safe betting and fast transactions.

 

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Canada

BetConstruct Becomes the First iGaming Company to Offer Both B2B and B2C Licenses in Canada through Affiliate Entity

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BetConstruct, a global pioneer in iGaming and sports betting solutions, has announced a significant milestone in the gaming industry. Through its affiliate entity, BetConstruct has become the first iGaming company authorized to facilitate the issuance of both Business-to-Business (B2B) and Business-to-Consumer (B2C) licenses. This remarkable achievement was made possible by obtaining a direct license authorization from the Tobique First Nation in Canada.

The Tobique First Nation, renowned for its innovative and forward-thinking regulatory approach, has entrusted BetConstruct’s affiliate entity with the authority to oversee applications and facilitate the issuance of licenses from its jurisdiction. This partnership underscores shared values of innovation, transparency, and a commitment to responsible gaming practices.

This historic development places BetConstruct at the forefront of the Canadian iGaming market, redefining the opportunities available to gaming operators. By leveraging its affiliate entity’s licensing capabilities, BetConstruct empowers businesses to navigate a streamlined and transparent regulatory environment, unlocking new opportunities for growth and innovation.

“At BetConstruct, we’ve always strived to push the boundaries of what’s possible in iGaming. This landmark achievement with the Tobique First Nation reflects our unwavering dedication to creating opportunities for our partners while upholding the highest standards of responsibility and integrity in gaming,” said Vigen Badalyan, Co-Founder of BetConstruct.

The issuance of dual licenses under the watchful eye of BetConstruct’s affiliate not only highlights BetConstruct’s commitment to supporting its partners but also reinforces the company’s role as a trusted leader in the global iGaming landscape.

This milestone signals a new era for regulated iGaming, as BetConstruct takes bold steps to establish a robust ecosystem for operators and consumers alike. With its direct license authorization from the Tobique First Nation, BetConstruct is setting a new standard for innovation, consumer protection, and sustainable growth in Canada and beyond.

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Canada

Great Canadian Entertainment and Petroglyph Development Group Announce Closing of the Acquisition of Casino Nanaimo and Elements Casino Victoria

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Great Canadian Entertainment and Petroglyph Development Group Ltd. announced that PDG has closed the previously announced acquisitions of Casino Nanaimo and Elements Casino Victoria from Great Canadian, in historic transactions for both parties. PDG is a wholly owned corporation of Snuneymuxw First Nation (the “Nation”) and is dedicated to realizing the economic potential of the Nation.

The transactions, originally announced on June 24, 2024, for Casino Nanaimo and September 10, 2024, for Elements Casino Victoria, have received all required approvals from the regulatory authorities.

“We are thrilled to have completed these transactions. An incredible amount of work has been undertaken by our corporate team, our on-site teams at both properties, and PDG to achieve this successful closing. I am grateful for their efforts, as well as everyone at the B.C. Lottery Corporation and the Gaming Policy Enforcement Branch, who were thoughtful, diligent, and thorough in facilitating these closings,” said Matt Anfinson, Chief Executive Officer of Great Canadian.

“We look forward to working closely with PDG during the transition period to support the continued successful operation of Casino Nanaimo and Elements Casino Victoria,” Anfinson added.

“We celebrate the closing of our two casino acquisitions and our continued progress toward building a strong Snuneymuxw economy. For decades, Snuneymuxw leadership has worked tirelessly toward this moment, recognizing the connection between a strong economy, self-determination, and the foundation of nationhood. Today, we honour the achievements of those who came before us by securing businesses that will strengthen our Nation for generations to come. Thank you to the PDG and Great Canadian teams for your exceptional work. We look forward to a rewarding partnership with the B.C. Lottery Corporation, driving economic growth for the Nation and Province,” said Chief Mike Wyse.

Erralyn Joseph, President of PDG, said: “This measured acquisition marks an important milestone for PDG as we continue growing a corporate enterprise that reinvests directly into the prosperity of our Nation. With a strong operating plan focused on risk mitigation and yielding sizable returns, PDG continues to generate sustainable wealth for Snuneymuxw. With every step we are realizing our socio-economic potential and influence at a local, national, and global level. On behalf of the Board of Directors, we are pleased to share this news and remain committed to advancing economic growth in support of all residents connected to Snuneymuxw territory.”

“Acquiring these assets marks a pivotal shift for Snuneymuxw and Vancouver Island. This transition will fuel the Island’s economy, strengthening the Snuneymuxw Nation and ensuring the benefits stay local,” said Ian Simpson, Chief Executive Officer of PDG.

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Canada

Ottawa Black Bears Announce Partnership Deal with PowerPlay

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The Ottawa Black Bears announced an extensive partnership agreement with PowerPlay Online Sportsbook and Casino that will see the company’s logo featured on the club’s home and away jerseys.

In addition to the jersey partnership, PowerPlay will also have branding elements inside the goal crease, behind the bench, on the LED display ring, and along the rinkboards for Black Bears home games at Canadian Tire Centre. As part of the deal, PowerPlay also becomes the exclusive sportsbook and online casino partner for the Ottawa Black Bears.

“We are thrilled to have PowerPlay on board for our inaugural season with such a comprehensive partnership agreement. Their investment with the Black Bears represents a foundational agreement for our lacrosse club. And we’re proud to wear their logo alongside ours as we launch our franchise,” said Chelsea McDermott, Vice President of Business Operations for the Ottawa Black Bears.

“We are excited to bring PowerPlay’s bold, community-driven spirit to Ottawa-Gatineau, partnering with the Black Bears as they establish themselves as a force in lacrosse. This partnership celebrates a sport deeply tied to Canada’s heritage and competitive energy. Together, we’ll ignite passion, energize fans, and deliver excitement all season long,” said Thomas Vermeulen, Marketing Director for PowerPlay.

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