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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.

 

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Sure-Fire Hacks to Streamline the Process of Writing a Thesis Paper

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Encountering the term “thesis paper” has conjured up thoughts of panic and dread among university students for innumerable decades. How much research will be required? What about citations? Does the tone of voice matter? What about the difficulty of the material itself? These are some of the many questions which will need to be addressed.

So, it’s not a great surprise that theses and term papers can become overwhelming on occasion. Are there any ways in which you can lessen the burden? This article will examine some unique tips and tricks so that you can keep your head above water during the process.

Giving Your Efforts a Touch of Physicality

The majority of Canadian universities have become fully integrated within the digital domain. This approach offers a number of conveniences, and many feel that the trend will continue to gain momentum. However, the ability to create a physical thesis is worth its weight in gold.

Online printing portals including BachelorPrint offer a host of dedicated solutions that can be accessed with the click of a button. We are not only referring to the physical production of documents in this sense. There is plenty of additional information associated with the writing process, details on how to proofread a document, and users can even access a smart plagiarism checker. Always leverage these opportunities whenever possible.

Examine Your Current Skill Set

We often take the ability to write for granted. Still, this trait will provide a host of benefits throughout our lives. The only possible issue is that your talents might not be up to par. After all, not everyone boasts the skills of a professional. This is why it could be a good idea to upload a rough draft into an online portal that will rate the quality of the material. These systems may also offer suggestions and tips that can be used to improve the existing text. Why work hard when you can instead work smart?

The Dangers of Procrastination

Some of us may hesitate to initiate the writing process, as we are fearful of the challenges that will naturally accompany the task at hand. This is a sure-fire way to make things more difficult than they have to be. Try to avoid falling into the trap of procrastination. If you put things off until the very last minute, you might become even more disheartened. As the expression goes, strike while the iron is hot.

Consider Collaboration

Writing an essay, thesis, or term paper does not necessarily have to represent a solitary process. It is often a good idea to collaborate with your peers; especially if they have something to actively contribute. Friends and colleagues can represent powerful sources of inspiration, and they can offer additional support when the going gets tough.

The bottom line is that there is no “secret” to writing a quality thesis paper, nor will one approach represent a universal solution. Adopting a flexible mindset, and leveraging the tools at your disposal, is nonetheless the first step towards ultimate success.

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5 things to keep in mind before playing at an online casino

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Playing at an online casino can look straightforward, but there are some things to consider before just
jumping on the first site you see. The online casino industry is huge, and in 2023, it was worth around
USD17 billion globally—with the number is set to rise year-on-year.

Players can get lucky by finding the right site on the first attempt, but often, the best practice is to take
some time to look around for the right platform that fits your needs. But why not just pick one at random and roll with it?

Players look for different experiences, and the same site isn’t going to suit everyone. Some may seek out
the highest payout online casinos, others could be more interested in social casinos, and the choice for
another player may simply be based on the VIP club rewards.

There are many considerations to make before playing at an online casino site, and here, we’ll explore
the five key things to keep in mind before doing so.

Licensing and regulation

The initial thing to consider is security, which means checking to see if a site is regulated by a reputable
authority. The ideal situation is to find a site that is licensed by a leading governing body to operate within your geographic location.

It’s not always easy to find a “local” casino that’s based in the state where you are. Hundreds of
thousands of players face this issue, which is why they instead look for offshore platforms that will give
them access.

This is OK, as long as the gambling license is from a reputable body like the Malta Gaming Authority or
the Curaçao Gaming Control Board because that still means that they are audited to ensure they meet
things like fair play conditions of the license.

But it’s easy to find just as many unlicensed casino platforms that don’t offer any kind of player protection. This is a complicated area, but one worth checking. A good source for reputable online casinos to play at is honest casino reviews, where the information is curated by experts.

Verification of account

It’s very quick and easy to set up an online gambling account—something that shouldn’t take more than a couple of minutes to do, in fact. Personal data is entered, a rudimentary check is done on those details, and your account is open.

In most cases, you can deposit straight away and start spinning the reels on the slot machines or visiting
live dealer tables. Everything is then typically fine until the point where you want to make your first
withdrawal. If the account hasn’t been verified, you could find yourself running into delays.

Verification of the account means supplying the operator with corroborating documents to match the
information used to open the account. This is commonly referred to as KYC (know your customer), where the operator performs what is essentially a security check on the details, which helps in the fight against fraud and money laundering.

In many instances, online casino platforms will give a certain amount of time to get the verification
completed before they suspend or close the account. This can feel like a frustrating extra step,
particularly as it can typically take up to 48 hours for verification to be completed, so it’s worth doing as
soon as you have opened the account to get it out of the way.

Is the right payment method available?

Online casinos accept many different payment methods, but that doesn’t mean every one of them
accepts all the options. There are platforms where the number is certainly a lot more limited, and not all
sites accept cryptocurrency, for example.

Pick the preferred payment method you want to use and base your search for a casino site on that. It’s
very unusual for any online casino to charge deposit fees, but they do appear a little more frequently for
withdrawals.

The amount of such a charge could be linked to the payment method that is used, and minimal
withdrawal amounts often vary between different payment options too. It’s just worth getting the overall picture ahead of time so that you can securely use your preferred payment option.

How can customer support be contacted?

While you may never need to call upon customer support, it is worth finding out about operating hours
and how they can be contacted. The most common method of support is through a live chat, but not all
online casinos have that available 24/7.

The presence of AI is firmly with us all now, and with some regional governments welcoming the growth of the technology, it’s only going to increase. Already, a lot of initial customer support contact at online casinos is with a chatbot.

The ideal situation is to have access to customer telephone support because that is a direct line to help,
but that’s not particularly common anymore. It’s worth putting a support email address into your address book for quick future reference, and after a live chat session has closed, download the transcript for your records if you are in a dispute or have a complaint.

There are also risks involved with gambling, which is something else that should be noted before playing at an online casino. Be prepared for the losses, because they will happen. To help customers play responsibly, there are features like deposit limits and bet limits that can be set up to help manage the financial risk of playing.

Variety of Games

The variety of games is another important aspect to consider before playing. Maybe one slot machine
immediately caught your eye, but beyond that, you find the rest of the options for the style of game that
you want are all too limited.

There are certainly enough online casino sites out there to ensure you do not need to be limited in terms
of game variety. This could filter out into other gaming options as well, like scratch cards, bingo, and
crash games.

Take some time to look around and explore, and if you can’t quite get the game coverage that you need,
there is nothing wrong with registering with more than one casino, as long as it’s financially viable.

In conclusion

At the end of the day, it is putting all the components together to end up at the best possible playing
platform for you. It’s about finding the balance, but certainly, the top consideration to make before playing is to select a licensed and regulated casino.

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