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How Online Casinos Contributed to the Canadian Economy During the Pandemic

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Since COVID-19, online casinos have been gaining popularity in Canada. Before the pandemic spread worldwide, online gaming in Canada wasn’t necessarily the most important activity in the gaming business. However, when the pandemic began to spread and established casinos closed their doors to safeguard the security and safety of customers throughout the country, online gaming communities started growing in popularity. Today, online casinos and casino games are more popular throughout the country than ever before.

Online casino sites like Beaverslots.com allow consumers to engage in games that entertain them and that they find value in without having to put themselves at risk.  This, during the pandemic, would be difficult in a brick and mortar gaming establishment. With the rise of online casinos around Canada, there has been a significant impact on the economy.

Source of Revenue

Every year, the gaming industry’s revenue increases. The sector generated $17.1 billion in income by 2017. The gaming industry earned $16.1 billion in revenue, while other services, such as food and beverages at casinos, brought in $1 billion. The Canadian government obtains a portion of the revenue through taxation. The Kahnawake Gaming Commission licences most of Canada’s online casinos, collecting income that boosts the economy.

The gaming business has seen a boost in profits in recent years. The number of gamers in the gaming industry and revenue has increased during the pandemic. Many people, including the owners, employees, government, other firms, and the community, benefit from the gaming business’s revenue through spill-over effects. Many casino owners participate in charity efforts to assist the community in Canada.

Source of Employment

Online casinos employ many Canadians directly and indirectly. The gaming business directly employs about 185,000 Canadians. Given the sector’s indirect economic and job-creation ramifications, the number of people employed/assisted by the gaming industry rises to more than 270,000. The industry spends over $12 billion on labour every year. The average annual salary is around $65,000.

More Canadians now have access to employment opportunities and the ability to support their families as online casinos expand in Canada. In fact, 40% of all gambling income is for paying salaries to citizens of Canada. Ontario has the most gambling employment owing to its more permissive gaming laws.

Supports Growth in Other Sectors

The gambling industry spends millions of dollars on research to learn more about gambling addiction and treat it. The industry focuses on encouraging responsible gambling. They want their customers to gamble responsibly and never develop a gambling addiction.

Corporate Social Responsibility

Although it’s not required, many online casinos give a portion of their income to charity. Online casinos might not be a purely selfless action since one goal will be to improve their public image to attract more gamers. Even so, these charity contributions may significantly impact the local and national economies. Charity donations aren’t limited to one cause; instead, they may be for financing various worthy causes.

Adds Money Into the Economy

People who win through online casinos add more money to the economy. When individuals spend more and businesses invest more, the Canadian economy flourishes. When individuals engage in transactions to exchange products and services, money circulates through the economy, which is good for all businesses involved in the process.

When people win money in an online casino, they spend that money in the economy. They can then use their money to buy goods they want or need. Winning can increase their spending and help the economy grow further.

Increase in Local Retail Sales

Online casino games are available on various devices, including desktops, mobile devices, and tablets. So, gaming enthusiasts purchase those devices from local retailers to enjoy their favourite games. The more gamers there are in society, the more sales generated. Keep in mind that the gadgets keep getting updated, and gamers need to buy the latest ones to enjoy unlimited gaming from the latest game releases.

The online casino market in Canada will continue to grow because it’s easy to attract new customers. The iGaming industry significantly influences Canada’s GDP (gross domestic product). Many Canadians work in the industry, which has several economic benefits, including providing for themselves and their families. The gambling sector has several spin-off firms in the hospitality market as well. All of these benefits make the industry worthwhile.

 

Todayville Content Team works with a wide variety of clients to develop compelling content solutions. Our experienced team develops strategic campaigns that use video and storytelling, digital advertising and social media to help our clients position and distinguish themselves in the market.

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A beginners guide to the Stanley Cup Playoffs

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The Stanley Cup Playoffs are in full swing.  After a couple of weeks of intence competition the round of 16 has turned into the round of 8.  Now teams from across Canada and the US are competing to be among the last four teams standing in the hunt for the vaunted  for thef weeks of  much revered  Stanley Cup. Here is all you need to know.

The Stanley Cup Playoffs

After an 82 game schedule, half of the teams in the NHL are finished for the year.  The top 8 teams in each division go on to the playoffs and win the right to compete for one of the most famous trophies in the world of sport.  Of course we are speaking of the Stanley Cup. For newly interested people, the NHL playoffs are a novelty.

This may be the only sport where the regular season and the playoffs are almost like two entirely separate worlds.  Teams play the entire season for the right to get to the playoffs and once there, to win home ice advantage.  Although the teams that dominated the regular season win the advantage, it’s not uncommon for the teams who barely made it to the playoffs to knock them off in the first round.  There truly is another mode of play that must be learned by players and teams who’ve not been there before.  The NHL playoffs are such a physical grind, that all too often, the teams expending too much energy in the regular season can’t carry their momentum through to the Stanley Cup.

By the way, here you can check out the best casino bonus canada 2022, which also revolves around the upcoming Stanley Cup.

What are the “Stanly Cup Playoffs”?

The term playoff (also play-off) refers to an elimination match in various sports, such as hockey. As a rule, this determines a championship. The playoff games follow the regular season and are played according to the knockout system – the losing team is eliminated. Tony Sloterman, founder of Casino Bonuses Finder, for example, is a massive fan of the playoffs. After all, they show in advance which teams have what it takes to be potential winners of the Stanley Cup, he says.

Ice hockey playoffs in the National Hockey League (NHL)

The knockout system after the main round has been taking place in the NHL for over a century!  In 1917, the year the National Hockey League was founded, there were two finals; a year later, the world’s oldest professional hockey league began to play the “best of seven” series.

Today, the NHL playoffs are still played in “best of seven” mode.  The teams’ matchups are based on the final standings of the regular season. A key difference from some other professional playoff formats is that in the NHL playoffs, teams are paired initially played by conference. To explain: NHL teams are divided into the Eastern Conference or Western Conference, depending on their regional origins. These in turn split into two divisions.  Therefore it’s not the top overall team playing the 16th team, but the top team in the conference facing off against the 8th place team in that conference.  Still, that never guarantees victory!

Participation in the NHL playoffs

The participation in the NHL playoffs goes as follows:

● The three teams with the best points per division (2 divisions per conference) and
● The other two best teams in the conference which have not already qualified by virtue of their position in the division (wildcards).

So per conference, the above teams qualify for the playoff series. This is played within each conference with quarterfinals, semifinals and finals. The two winners of the conference playoffs compete against each other in the Stanley Cup Final.

The Stanley Cup is the traditional trophy that the playoff winners receive.

Hotly coveted: The Stanley Cup

The Stanley Cup is considered the most important ice hockey trophy in the world, awarded annually to the winner of the NHL playoffs. Colloquially, the cup is also called The Cup, The Holy Grail or Lord Stanley’s Mug.

A special feature is that the winners are immortalized on the Cup: the names of all players are engraved on it. In this way, the formerly quite handy cup has grown more and more in length over time.

Conclusion

The Stanley Cup and the trophy associated with it is the biggest event held in ice hockey worldwide. The most diverse and talented teams compete against each other from April onwards to virtually kick each other out in the conference. The advantage for fans is that there are many games to watch. We are very excited to see which team will qualify for the playoffs and win the Stanley Cup in the end.

 

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Popularity of Online Sportbooks In 2022

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Sportsbooks have never been as popular as they are in 2022. Today, they host all sorts of games, including basketball, cycling, baseball, and football. The leading sportsbooks in the industry are licensed, legal, and safe.

In Canada, the sports betting landscape is going through dramatic changes. Luckily, they are all for the better. You are no longer limited to parlay-style games. Following the launch of Ontario online sportsbooks, a big part of the population has been taking advantage of the available choices.

Why Are Online Sportsbooks Are So Popular?

Online sportsbooks have come a long way over the last few decades. Online betting has turned into a multi-billion-dollar industry, and plenty of companies are quickly joining in.

With the increasing number of online gambling fans, operators have no choice but to keep up. Here are a few reasons why online sportsbooks are becoming so popular.

1. Convenience

Online sportsbooks are very convenient. You can play for hours in front of your computer or with your smartphone. The ability to place all the bets you want without leaving your home is unmatched. You can take breaks whenever you
want, and there are no limits to the hours you can play.

You don’t need to travel all the way to a casino or deal with long queues every time you want to place a bet. Online sportsbooks allow you to bet on your tablet, mobile phone, or computer.

2. Variety of Betting Markets

Online sportsbooks bring you a variety of betting markets. The best Canadian sportsbook online has markets for just about every sport in the world, from the Major Leagues to upcoming sports like MMA, and eSports. The variety that online bookmakers offer can dwarf the options at offline platforms significantly. You will enjoy player and team propositions, live betting markets, and a variety of futures. If you are only interested in wagers and parlays, online betting makes more sense than visiting land-based casinos.

What’s more, you can bet on a wide range of sports, from basketball and football to tennis and eSports. This means you’re not limited to Canada-based sports. You can gamble on games from major leagues all over the world.

3. New Players Feel Welcome

Online sportsbooks use welcome bonuses and promotions to make new players feel welcome. Their non-personal nature makes them feel less intimidating. Anyone can place bets and make profits regardless of their experience. Land-based casinos can be intimidating, especially for new players. You are unlikely to enjoy welcome bonuses or the level of support that online casinos offer.

If you are curious about ways to bet on your favorite sport, you can get help from customer care representatives, live webchats, and other support forums. Some sites may offer free-to-play trials for new players. These trials will get you acquainted with the game before investing your money.

4. Line Shopping

Even the most fantastic handicappers come second to those who continually shop for lines. Line shopping could be helpful even when you have limited sports knowledge.

At its foundation, sportsbetting is mostly about math. There is no better way to take advantage of the math than with consistent line shopping. It is the best way to maximize possible winnings.

If you aren’t betting offline, you can’t take advantage of the odds across different providers. This could push you into losses. Line shopping is the surest way to improve your bottom line.

The lack of reduced juice options in land-based casinos is another important consideration. Plenty of sites offer reduced -105 pricing for most of their markets. Others offer reduced juice promotions. You are very unlikely to find reduced juice in offline casinos.

5. Post-Up Sportsbooks

Post-up sportsbooks make up the biggest number of online sportsbooks. These are the kinds of sportsbooks that demand that you deposit some money before placing a bet.

You are unlikely to find credit shops online. They are the types of sportsbooks that let players wager with a credit line. With credit shops, you can play without placing a deposit. You will pay your debt after a loss. Usually, the shops settle
every week.

Post-up sportsbooks have plenty of advantages over credit shops. The payouts are more straightforward, and you are unlikely to have trouble claiming your winnings. If you win big, you may have difficulty getting money from credit shops.

6. Bonuses and promotions

Bonuses are a critical aspect of online gambling. Online sportsbooks in 2022 are always coming up with bonuses to attract new customers. The bonuses attract new customers and improve the loyalty of existing ones.

Because of their high operational costs, land-based casinos cannot afford to be generous with their promotions. However, finding an online sportsbook that doesn’t offer VIP point programs and reload bonuses is almost impossible.

Most online sportsbooks have hundreds of dollars’ worth of free play bonuses. Go to different online sportsbooks and clear their bonuses. You can get thousands of dollars’ worth of free time with minimal effort.

The bonus opportunities are especially helpful if you are a new sports bettor looking to improve your bankroll. VIP programs and rewards are fantastic for loyal players. Some casinos have point systems that let you buy rewards from the
management or store. Qualifying players may be eligible for special bonuses.

7. Endless Variety

Even if you enjoy betting on a specific game, adding some variety to your betting experience wouldn’t hurt. Maybe you started betting on cricket and slowly found your way to basketball and football-it may be time to explore other games as
well. With land-based casinos, however, your options are limited.

Online sportsbooks open up an endless variety of betting options for you. The best thing about it is that they are all just a few taps on the screen away. Many online games come with special features that you wouldn’t enjoy at land-based
casinos. Your gambling experience will never be boring or predictable with the wide variety.

The online sports betting industry has come a long way in the recent past. The online betting world is taking the world by storm and has already grown into a multi-billion-dollar industry. Online sportsbooks are popular for their
convenience, massive variety of games, bonuses, promotions, and opportunities for line shopping.

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