It would appear that the rumors have been confirmed. Yesterday, the British Columbia Lottery Corporation announced that they will be entering into the Canadian online casino market. While the announcement was made public through all avenues of the media, the BC Lottery Corporation has still to publicize any details regarding the launch of their online casino.

The question that the BC Lottery Corporation’s introduction to the online casino industry begs is “What is its significance for the Canadian online casino industry?” At first glance, one might consider this to be great news since it would offer Canadian online casino enthusiasts greater selection and with increased competition amongst the industry players it will also result in better promotions and bonuses. Unfortunately, there are possible disadvantages to a government run online casino entering into the fray. In addition to the obvious tax implications that a government run casino could have on Canadian players, a government run online casino would be a self-regulating entity. This means that they would not be subject to third party auditing as all of the top Canadian online casinos are. A government run online casino in British Columbia could mean that the government will essentially monopolize the industry much in the same way that the ICBC has done with the insurance industry.

What is a great for Canadian online casino fans is that this move is basically a statement by the Canadian government that they approve of online gaming for adult players. As regards what the implications are for this move, the jury is still out.

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