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Provincial Economies Buoyed by Gambling Deals
It’s pretty clear that gambling plays a strong role in the way businesses develop and economies grow in Canada. There are a lot of things that need to play a part in helping this develop, and it is something you need to understand. It’s clear that many of the municipalities and provinces in the country would be struggling a lot more if it were not for the advancement of gambling all across the country.
There are have been negative connotations involved as well, and things like money laundering and problem gambling are issues that have got to be addressed. But, it is clear that the economy of a lot of areas of Canada would be much worse off without the gambling industry. In particular, British Columbia appears to be a big benefactor from casino revenue, with the B.C. government’s earnings totalling more than $3 billion in 2017-18.
And it seems clear that it is the number of casino development projects formed over the years that has led to this upturn in revenue. There are so many deals and partnerships being formed in the industry every month at the moment, and Gateway Casinos & Entertainment is one of the pioneers of this.
And the good news for Canadians is that it’s not just British Columbia that has benefitted from the success of the industry. Indeed, Casino de Montreal has recently celebrated its 25th anniversary as an active casino, and things are going better than ever. The casino offered a $1 million cash prize to one lucky player in celebration of this milestone event. Things are clearly going well for the casino, and this is good news for Quebec.
Recently, the province had to deal with some negative casino-related press, when Grammy winning rapper Drake controversially accused Parq Vancouver Casino of racially profiling him. The casino maintained innocence, and pointed to a change in provincial and national gambling regulations. However, the resulting storm in a teacup could well have derailed the positive steps Quebec had made with the industry. However, the growth of Casino de Montreal shows us that gambling in the province continues to be as popular as ever.
Aside from this, there is also the factor that poker has turned Canada into a gambling heavyweight, with poker proving one of the most popular casino games in the country, both on and offline. The casino industry has undoubtedly boosted the economies of these countries, and gone a long way toward improving the way of life of a lot of Canadians.
But, it’s not just the provinces that are benefitting from the success of the industry in the Great White North. Indeed, the recent B.C. budget showed that $3 billion has been set aside to go toward funding First Nations peoples, who will benefit directly from casino revenue. This money will go toward improving their infrastructure and economy, as well as allowing them to build more casinos on First Nations land.