What are Online Unlicensed Casinos?

They are basically gambling websites that do not have the official thumbs-up from recognized gaming authorities. It is like they are operating under the radar, which can lead to all sorts of issues for players. Think unfair games, dodgy payment setup, and a lack of responsible gambling checks.

One thing to note is that if something goes wrong, then it could turn into a big ruckus for you because they often do not pay by the rules. 

Why Are Online Unlicensed Casinos So Popular?

There are a few important things to note down when it comes to discussing why these unlicensed casinos are so popular, and below are some points that may give you a hint –

They Are Easily Accessible

Online casinos make it super easy for players to get in on the action, and you can gamble from anywhere with just a few clicks.

They Are Cost-Effective

Unlicensed products or services are usually a lot cheaper because they do not have to fork out licensing fees or costly permits, and therefore they become more affordable and available to more people.

There Is A Lack Of Regulation

Canada has given the green light to online gambling, but some provinces are just now getting around to setting rules for it. That means foreign gambling sites without Canadian licenses can still cater to Canadian players.

They Offer Attractive Deals

Unlicensed casinos often dangle tempting perks like welcome bonuses, free spins, and reload bonuses to hook in new players and keep the regulars happy. However, these places might not follow the rules that keep your money and info safe. Hence, it is always smart to stick with the licensed ones where you know the odds are fair and your cash is secure.

List Of Online Unlicensed Casinos

What is an Online Unlicensed Casino No Deposit Bonus?

Some casinos offer you welcome gifts like free credits or spins, which is basically a way to try out their real money games without depositing your own money upfront. However, if you are wondering why they do so, then let us tell you that they give such big bonuses to get you interested and playing, and also make you familiar with what the ways are before you actually get into the real stuff.

Statistics That Show The Popularity Of Online Unlicensed Casinos in Canada

• There were around 1200 to 1400 offshore websites that offered Casino games and other gambling activities to Canadians.
• A survey that took place in 2012 found that many people in Manitoba were spending approximately $40 million a year at illegal online casinos.

Why Are Unlicensed Casinos Better?

They are better because they offer generous bonuses due to the fact that they are not regulated and hence have lower costs. This one reason serves to be the boon for online unlicensed casinos to attract players with larger incentives. Additionally, they compete by offering more promotions compared to licensed counterparts.

How To Know Whether An Online Casino Has A License Or Not?

• Contact customer support if any casino website does not have any licensing information. That way, you can ask for a copy of their license.
• There are times when a casino claims that they are legit but you cannot find their name on the regulator’s website. This clearly indicates that their license is fake or held under a different company name.
• Another way to check the licensing is to check the casino’s website footer for any of the authority’s logos like the UK Gambling Commission, Gibraltar Regulatory Authority, etc.

What Are The Risks Of Using Online Unlicensed Casinos?

Financial Losses

The first and foremost risk when it comes to Online unlicensed casinos is that it could lead you to financial losses because the games are not apt (in other words, manipulated). Hence there is no guarantee that things turn good.

They Are Involved In Criminal Activities

When we talk about something that is unlicensed, it indicates that it could or could not be linked directly to criminals. And because there have been cases when such casinos were used for money laundering and other activities of the same nature, it is necessary that you take proper caution before jumping in.

You May Be Unable To Withdraw Your Winning Amount

There is no guarantee of returns or benefits when considering unlicensed stuff, hence there might be a possibility that you are unable to withdraw your winning sum. 

Security Breach

Because these unlicensed casinos run without any specific person or organization’s responsibility, their interface could be a hub for all sorts of clickbaity things. And because of that, you could easily lose your personal stuff and give the host access to your device.

Brief About Online Casino Laws Canada

• The minimum age to get involved in gambling in Canada is 18-19 years old. However, it depends on the province.
• Canadians can play on international online casino sites, however, using an online casino within Canada’s borders is illegal without a provincial license.
• The whole thing is examined by the Canadian Gaming Association, but the regulation happens at the provincial level. Each province has its own claws and actions.

So, basically, whether casinos are legal in Canada depends on each province’s rules. The federal government sets the main legal guidelines, and then it is up to the provinces to decide how they want to handle it.

Bottom Line

With all the information given in this blog, we hope that you have a clear idea of what online unlicensed casinos are, what the risks are, and why are they so popular. 

It is evident from the stats that there are tons of people who are using these unlicensed methods and enjoying the gambling ride without any worries. However, only time will tell as to how long will all of this continue to run smoothly.