On June 18−20, Toronto welcomed gambling delegates at the Canadian Gaming Summit, aimed at underlining the local segment’s overall potential, tech advancement and specifics. The premier event was arranged by 2 respectable organisations, one of which is SBC.
The President & CEO of the second responsible institution, the CGA, shared some thoughts on the country’s current iGaming sector and its growing success. Paul Burns also went on about emerging innovations, trends and the future of Canada’s amusement industry in general.
Details of the Prestigious Business Event
The conference was held on the Metro Toronto Convention Centre’s floors, marking the 27th annual edition. The summit has gathered various gambling representatives from the country and far beyond. Among them were executives from verticals like iGaming, sports wagering, and ground casino entertainment.
The occasion impressed everyone with its volume and figures:
- 200+ affiliates;
- 75+ exhibitors;
- 150+ speakers;
- 1,000+ operators;
- 3,000+ delegates.
The agenda included diverse activities, like a symposium on player protection, parties and breakfast meetups, a trade show, etc. Numerous suppliers had a great chance to present their novelties and engage with colleagues and partners from multiple niches.
As an organisation that aims to support a legal, responsible and resilient gambling business in Canada, the CGA values cooperation, advocacy and education. Thus, the recent event with all its discussional panels and networking offerings was a significant occasion, in Paul Burns' opinion.
An exclusive highlight of the show was Dale Nally’s performance who shared insightful details on the Alberta iGaming segment. As a local Minister of Service and Red Tape Reduction, he delivered a lot of useful information to the conference’s attendees.
Leading Gambling Trends in Canada
The country demonstrates great levels of technology penetration, thanks to which the online casino and sportsbook verticals actively expand.
Mr Burns named 4 key global tendencies where the state is among the leaders:
- Open banking. The solution helps ensure the secure transfer of financial details like those related to transactions and user accounts. The operations are held between authorised 3rd-party organisations and institutions. The CGA has created a special commission that is going to look into these aspects.
- Mobile gaming. This field continues to expand at a rapid pace. The largest part of Ontario’s digital betting profits comes from this niche. There will be much more personalisation in entertainment applications soon. Also, gamification tools and their customisation will further improve the industry’s prospects.
- Artificial intelligence. Lots of corporations invest in exploring new methods to take advantage of the technology. AI is often used for analysing data to determine current trends and shifts in the preferences and habits of punters.
- Responsible gambling. The amount of contributions to this concept is dynamically increasing. As the sector became a synonym for healthy entertainment and a transparent business, companies proceeded to develop even more proactive, user-friendly and innovation-driven instruments.
Thanks to a great acceptance level in terms of up-to-date technology, lots of international gaming enterprises have already entered the local market or at least are going to do so.
Prospects of Canada’s Gambling Landscape
According to Mr Burns, the country’s amusement sphere is not only about contributions to the government. It financially supports various local communities.
The industry’s expansion over the last 10 years has been powered by:
- ever-evolving technology breakthroughs;
- positive changes in social perception of gambling;
- residents' demand for fresh entertainment channels, etc.
The segment’s evolution pace is relentless. The sector remains among global leaders thanks to its impressive brands, innovations, final products and overall expertise. Other benefits include a highly skilled and well-qualified workforce, appealing and affordable tax credits, etc. All these convince Europe-based suppliers to choose Canada as a central hub for offering their casino software in North America and internationally.
The decision to expand to new regions opens up amazing revenue growth possibilities but also brings up a lot of challenges for operators. To minimise the risks and ensure success with all the corresponding tasks, feel free to contact our managers.
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