Also Interesting
Why Bill S-268 Could Bring Real Changes for Indigenous Peoples and Gaming in Canada
The latest installment in the story of legal gaming and betting in Canada happened on June 20, 2023, when Bill S-268 had its first reading. If the Bill passes, it will bring big changes for Indigenous peoples in the country and their involvement in the Canadian legal gaming landscape.
This happening follows other major changes to iGaming and sports betting in Canada. In April 2022, Ontario became the first Canadian province to launch a regulated iGaming market. This launch followed the legalization of single-event sports betting the previous year. Now, players can enjoy games and sports betting at Ontario online casinos that are registered and regulated by the Alcohol and Gaming Commission of Ontario or (AGCO). These big changes in Ontario are now being followed by Bill S-268.
What is Bill S-268?
The Bill was put forward by Senator Scott Tannas and intends to amend the Criminal Code of Canada in terms of the legality of lottery schemes in the country. If the Bill progresses, the First Nation will be permitted to license and manage lottery schemes on its reserve. They will have sole responsibility for operating such lotteries as long as they notify the Canadian Government and the provincial government of the intention to do so. In addition, the content of the Bill refers to amending the Indian Act to allow the council of the band authority to create bylaws concerning the operation and management of proposed lotteries.
How the Bill will change iGaming in Canada
The current laws concerning iGaming in Canada state that it’s illegal in the country. However, Section 207 of the Criminal Code of Canada allows provincial governments to conduct and manage iGaming within their own province. This ruling means that any lottery schemes in the country must be operated by a provincial government.
If Bill S-268 passes, it will change the status quo by removing the effective monopoly that provincial governments have on the conducting and management of lotteries. The preamble for the Bill refers to the changes being part of the recognition of the Inherent and Treaty rights of Indigenous Peoples. This means that the Bill is not about bringing new rights for Indigenous Peoples but seeks to confirm the rights they already have.
The future of iGaming in Canada will be significantly changed by Bill S-268 if it passes. It will help to further the reconciliation between Canadians and Indigenous Peoples. Plus, it will enable Indigenous Peoples to have full control of their own lotteries. This means they will make more money from operating lotteries which will bring financial benefits to them and further the recognition of their rights.
It remains to be seen whether the Bill will pass, but there is support for it, especially within Indigenous communities. There is also a certain amount of resistance from provincial governments that are wary of their dominance in iGaming being diluted. Now that the first reading of the Bill is complete, there will be much interest concerning its progression.
Alberta
Alberta Preparing a New Regulatory Framework for iGaming
With the success of the iGaming market in Ontario, Alberta is looking to it as a blueprint for its own plans in that arena. Despite this, there will likely be differences in the way the two provinces regulate this industry. These potential differences will likely be based on the strategies laid out by Dale Nally, Alberta’s Minister of Service and Red Tape Reduction.
The manner in which Alberta eventually decides to handle its iGaming regulations will be crucial to maintaining a healthy balance for the industry there. Many other regions have begun seeing the drawbacks of over-regulation in this field. As a result, many new-age casinos operating offshore have been gaining popularity over traditional ones that are often stifled by restrictions.
This is because restrictions place more onerous burdens on operators and cause lengthy delays with everything from sign-up procedures to payout times. However, offshore casinos have become a revelation for players tied down by these restrictions. For example, crypto casinos and the perks found at sites like an instant payout casino have seen the number of players from regions like the US, UK, Asia, Europe, and even Canada soaring in recent years.
Instant payout casinos in particular have grown very popular in recent years as they offer players same-day access to their winnings. This phenomenon has been playing out amid ever-tightening regulations on iGaming sites being deployed in many prominent markets.
While reasonable regulations have their benefits, many players feel that most jurisdictions are over-regulating the industry now and players have begun to respond by flocking to offshore sites. Instant payout casinos offer a perfect refuge since platforms like these feature fewer restrictions, more expansive gaming libraries, more privacy, and more generous bonuses.
While Alberta is drawing heavily from Ontario’s regulatory guidelines, it also wants to retain some aspects that will distinguish it too. Minister Nally has indicated that Alberta will seek a less onerous regulatory regime than Ontario. However, as it is with Ontario, there won’t be a limit imposed on the number of iGaming operators permitted. These would also not require any partnerships with land-based casinos.
This approach is expected to foster a competitive online betting environment. As such, huge operators are expected to set up shop there and operate freely alongside the government-run Play Alberta—which currently holds a monopoly.
Nally’s ministry has already been busy working on these new regulations and is set to keep being so as it will also be directly responsible for overseeing iGaming regulations and their enforcement. This ensures a separate regulatory body need not be created. It also addresses concerns raised by operators that Alberta’s Gaming, Liquor, and Cannabis Commission (AGLC) would have a conflict of interest if it managed the new regime as the AGLC is a market operator since it runs the Play Alberta platform.
All in all, Alberta’s approach currently does look good and at least considers the need for making it as simple as possible for new entrants to gain access to the market. Alberta’s method to “conduct and manage” gambling activities is in direct contrast with Ontario’s, where iGaming Ontario (iGO) is simply a subsidiary of the Alcohol and Gaming Commission of Ontario (AGCO).
The revenue-sharing model will also be looked at. Currently, Ontario operators are taxed 20% with the province making $790 million of them last year—with more expansion on the horizon. On that note, Alberta has hinted that it may seek a higher percentage. With other things like consults with indigenous communities and other stakeholders, and setting up transition periods for “grey” market operators, there is more work to be done. However, for now, the future of the iGaming industry in Alberta looks good indeed.
Also Interesting
How Meest Canada Offers to Send Money to Ukraine: Is It Right for You?
Sending money to Ukraine from Canada can feel overwhelming with all the tempting offers. But don’t worry — Meest Canada is here to make it all more uncomplicated for you. Whether you love the flexibility and ease of at-home delivery or the reliability of transmitting cash to a bank branch, Meest Canada covers you. We understand the importance of supporting your loved ones, especially when they’re far away. Let’s explore Meest Canada’s methods and see which suits you best.
Send Money to Ukraine to a Bank Branch
Banks are all about reliability and guarantees. Want a cheap money transfer to Ukraine? Worried about getting scammed? With a banking facility in every city, you can walk in, ask questions, and trust them completely. We at Meest trust good banks, too, so we’ve chosen Aval and PrivatBank for reliable transactions.
What’s the procedure? Contact the Meest agent, spend a few minutes filling out the receiver’s details, and hand over the cash. Contact the Meest agent, you will need to spend a few minutes filling out the receiver’s details, and hand over the cash. Once that’s done, the recipient can pick up the funds at the bank branch the next day.
Why Choose This Method?
- Speed: Modern bank transfers are lightning fast. Your funds will be on their way in no time — usually within a day.
- Security: Bank transactions are generally very secure.
- Ease for the Receiver: This is especially useful if the receiver frequently visits the bank or prefers to collect money in person.
- No need to be a bank customer: You can quickly get a bank card or stick to the usual and pick up cash at the counter.
Send Money to Ukraine to the Doorstep
If a person expecting money can’t get to the bank quickly or prefers the practicality of at-home delivery, we offer to send money to Ukraine directly to their doorstep. With Meest Canada, you can deliver the cash straight to their home in Ukraine. This variant is great for those with mobility issues or who live far from bank branches.
Why Choose This Method?
- Convenience: Cash will arrive at the specified address at the scheduled time, saving them a trip to the bank.
- Comfort: Ideal for recipients who prefer the comfort of their home or have difficulty traveling.
- Flexibility: Check out the option to choose either dollars or the local currency and avoid the hassle of converting money.
- Safety: Reduces the risk of carrying large amounts of cash from the bank to home.
From what we’ve seen, this delivery option is pretty popular and works great for anyone who wants to support Ukrainians financially while ensuring the recipient’s comfort.
Comparing Costs: Bank Branch Transfers vs. Doorstep Delivery to Ukraine
Are you considering transferring money to Ukraine from Canada with Meest and are curious about the costs? Here’s the scoop: door-to-door delivery will cost more because, let’s face it, convenience comes at a price. The fees can change based on where you deliver cash in Ukraine (specific region) and the sum size. It might not be the cheapest option, but it’s worth it if you want to skip the hassle of a bank visit and have the cash at your recipient’s doorstep.
Looking for the cheapest way to send money from Canada to Ukraine? Check out the price table on our Money Transfer page. We keep it updated regularly to help you find the best deal. Prices start at $6 for smaller amounts and go up to $22 for anything over $1000. Remember, transfers over $1000 and courier delivery have fees. It’s up to you, but we guarantee a secure and quick arrival of your funds.
Why Choose Meest Canada for Cash Transfers
Meest Canada is all about top-notch service, so you don’t have to worry about where your money’s going or if your addressee on the other side of the world will be waiting forever. Whether you pick bank branch transfers or doorstep delivery, we offer great rates and incredible customer support. With years of experience in international transfers, we know how meaningful it is to support your brothers, sisters, and parents, especially during tough times like these for Ukrainians. Our flexible options make forwarding funds easy and hassle-free. Handling money transfers is a big responsibility; we’re here to take care of it for you.
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