Canadian market worth CDN 16 billion

Written by BrainBetting Team Tuesday, 25 October 2011 13:45

Gambling News - Sports Betting News

Speaking to the publication IT Business this week, Paul Burns, vice-president of the Canadian Gaming Association, said that small to medium software businesses in the country could cash in on a market worth more than Cdn $16 billion in expected revenues as provincial governments increasingly move towards regulating online gaming.

The gambling industry in general has nearly tripled in size since 1995 and now exceeds the combined revenues generated by magazines & book sales, social establishments, spectator sports, movies theatres & the performing arts, he said.

"Our industry supports more than 128,000 full-time jobs, 283,000 associated jobs & generates Cdn $12.5 billion in labour income & Cdn $8.7 billion in annual revenues remitted to the government," he said, going on to detail the provinces that has already entered the online gambling market (British Columbia & Quebec) & Ontario, which has plans to start operations in 2012 with annual revenues of Cdn $400 million anticipated.

These developments are going to be a boon for many small & medium sized technology firms in the country, according to Burns. "I would estimate that gaming companies in the field will be purchasing anywhere from $4 billion to $7 billion in products & services."

The opportunities are not limited to online game developers, according to Burns. "There will be a huge demand for HD technology experts for playing screens, IT security experts & IT administrators & service technicians."

He also expects a demand for mobile app experts. "Increasingly there is a focus towards new game delivery technology. In B.C. the lottery is planning to offer games to mobile device users," he revealed.

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