Gambling has always been considered as a game of chance, where luck rules. However, recent surveys show that over 80 percent of Americans consider gambling as a form of relaxation and recreation. The Internet proves this point by the huge number of online gambling sites and casinos springing up every day. Gambling can also be a form of investment, as some people turn a gambling addiction into a profitable business.
Gambling is simply the wagering of something of worth or value on an occasion with an unknown result, with the intention of winning that item. Gambling therefore requires three factors for it to exist: risk, consideration, and a reward. Like other types of business ventures, gambling must abide by the laws of the jurisdiction in which it is being conducted.
In Canada, unlike the U.S., the law considers gambling a form of 먹튀폴리스 profession and not a hobby. As such, the law regulates all aspects of the gambling industry, from its creation and sale to gambling information and records. In most provinces, including Ontario, gambling is controlled by the Ministry of Gaming, Trade and Toronto Casino Control Act. This ministry regulates all aspects of the gaming industry in the province, including online gambling. Ontario Lottery Commission regulates the lottery industry in the province, along with the games it promotes.
The principal gambling games in Canada include bingo, blackjack, lotto, roll games, slot machines, horse betting, baccarat, and other gambling games. In Ontario, bingo is one of the most popular games at pubs and bars. Blackjack and lotto at Ontario casinos are the most popular games at homes. Almost half of the residents in the province gamble at licensed casinos. Many of these licensed gambling establishments feature live entertainment, including live bands and DJs, in addition to their gaming machines.
In most provinces, gaming is a closely regulated industry with minimum legal age requirements and financial requirements. However, there are no laws that require Ontario residents to obtain specialized gambling training before they can gamble. For example, Ontario’s Specialized Gaming Authority does not require proof of Gambling Commission of Ontario (GCOC) certification. Instead, they simply require that prospective gamblers are aware of the risks associated with gambling and to consult with an experienced gambling lawyer before engaging in any activity that might involve gambling. In fact, a licensed professional gambler in Ontario who receives a recommendation from a licensed gambling lawyer can go on to gamble, without the need for any certification.
In general, Canadian provinces offer a variety of gambling options for players, ranging from common legal games like slots, craps, bingo and card games to more exotic and rarely-played gambling games like keno. All gambling games are generally applicable to everyone who is of legal age and who is resident in the particular province where the game is offered. However, some provinces have additional rules and regulations for specific kinds of gambling, such as online lotteries. For example, in Ontario, lottery tickets and bingo cards are generally not available to players from outside of Canada, while players from outside of Ontario can purchase or apply for tickets or bingo cards in Ontario without having to obtain a license.
Most provinces have legislation aimed at ensuring the protection of Canadian gambling consumers. These provincial consumer protection acts are generally referred to as provincial gambling legislation. Generally, these provincial statutes do not apply to internet gambling. However, some gambling sites may choose to operate in accordance with the laws of the province in which they operate.
Gambling is not limited to traditional lotteries and bingo. Internet gambling has also grown in popularity in recent years. It is currently estimated that Canada is home to over two hundred million active internet gambling users. In addition to offering a number of traditional gambling games, internet gambling websites may also offer non-traditional monetary incentives, such as bonuses, to their customers.