Local Business in Canada Affected By Offshore Operators

18 September 2013 – By Huseyin Yilmaz

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The Canadian land-based and online casino market is crowded and the competition within local operators is fierce in this harsh economic times. Besides that, the effect of newcomers on the industry is starting to be felt with so much revenue leaving the country. Therefore, the Canadian authorities have been expressing their concerns about offshore operators offering online gambling services to locals. Authorities have been receiving more and more formal complaints from local business. For example, recently, the chief executive officer of the Atlantic Lottery Corporation, managed to bring this situation to the public’s attention. He reported that an illegal offshore online gambling operator, the world famous company bet365, was advertising at the Canadian Football League game between Montreal Alouettes and the Hamilton Tigercats.

The online gambling giant bet 365 is one of the most popular brands in the world, with more than seven million customers in two hundred countries and they focus on online sports betting, online casino games and poker. The Atlantic Lottery Corporation states in the complaint that the company has lost $64 million last year to offshore gambling sites and for this reason the authorities should take measures against online casino companies from abroad. The chief executive officer also claims these offshore, unregulated and illegal sites are not delivering any profits to Canadian taxpayers. The complaint was filed despite the fact Atlantic Lottery Corporation offers very little in terms of online gambling and therefore bet365 it is not a real threat. The Canadian Football League has declined to comment this issue although this case became very popular across the public.

The complaint did not manage to have the desired result as the Canadian Government told the Atlantic Lottery Corporation that even though this sort of issues affects the online casino and land-based gambling market, it is powerless to stop it. Canadian laws that restrict gambling cannot affect it because bet365 is an online casino company licensed and regulated by the UK Gambling Commission. Analysts believe there should be a debate about regulation of online gambling offshore operators and if they should be allowed to run in foreign jurisdiction.

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