There is no denying the fact that the online gambling sector in Canada is evolving at a fast pace! Every month there is some development or other that are making headlines. However, negative developments are also cropping up including the money laundering related ones. The authorities are, however determined on cracking down on such issues with consistency.
This highlights the fact that there are two sides to the flourishing industry in Canada. It does good for the economy of the country, but on the other hand it has a flip side. The incidents of casino related money laundering and some problem gambling cases made headlines in 2018, in several provinces of Canada.
It is time the govt. takes active steps to improve the prevailing situation. Besides, options need to be introduced to help those who need them. Loto Quebec witnessed a surge in gambling options earlier. The introduction of the electronic slot machines went down well. However, debates continue to rage on the impact of using electronic gaming devices on a community. The new slots in Mohawk have generated questions on benefits and risk of the machines.
It is not clear if the hotels shooting such devices can be termed casinos or not. Late in 2018 the Kahnawake Gaming Commission deployed new regulations across the area. It is yet to be seen how that gets applied to the devices. The impact will set a precedent for other regions.
The revelation of First Nations casinos to be allotted a sum of $3 billion made the news. This means that more such VTL machines may be used, but that may not be the case too. It is yet too early to say how things will fall in place and what the future holds for the regions like Mohawk.