TORONTO--(BUSINESS WIRE)--A new $3 billion development proposal for a Downtown casino, office and residential concept in Toronto includes the construction of two of Canada’s tallest skyscrapers. Although still in the planning stages, this proposal highlights just how popular gambling is in Canada as this would be a major landmark development in a high profile location.
Gambling is incredibly popular in Canada with more than 70% of the population engaging in some form of gambling. Most people take part in lotteries and sports betting but casino gambling is also enjoyed widely throughout the country.
This new development will push Canada’s total number of land-based casinos closer to the 70-mark. However, despite the popularity of land-based gambling, online gambling is actually the faster-growing section of the industry, as it is throughout the world.
By 2017, the global gaming market is predicted to exceed $100 billion according to Lucky Nugget, one of Canada’s leading online casinos. It offers a variety of casino games including poker, black jack and roulette. Furthermore, it is also capitalising on the expanding mobile market, which is gaining ground every month. This one sector of the online gaming industry is expected to reach $100 billion over the course of the next five years.
Although online casinos have been criticised for taking business away from land-based casinos, in many respects they can actually benefit each other.
Online gambling allows new gamblers to get to grips with the ins and outs of casino games such as black jack before hitting casinos, which can be intimidating for beginners and minority groups such as women. Online casinos can de described as proving grounds where new players can hone their skills before taking them to land-based casinos where the stakes are higher.
On the flip side, land-based casinos are not always accessible, particularly in a country the size of Canada. So for people who love to try their luck at the craps tables or go head to head against the cards at black jack, online casinos offer a real alternative to those Canadians living far from land-based casinos or to those that simply don’t have time to visit land-based casinos whenever they want.