Your industry has grown considerably over the past decade. Canadian gaming revenue increased to more than $15 billion in 2010 from $10 billion in 2000. Growth has been spurred by innovative new products as consumers move away from traditional gaming options and operators continue to develop a new reliable revenue source.
This has propelled growth within online gaming. In Canada, an estimated $1 billion is spent annually on gaming websites. Out of this total, an estimated $400 million is spent in Ontario on unregulated Internet gaming providers. The online gaming segment is expected to grow as British Columbia and Atlantic Canada expand their offerings and Ontario and Quebec introduce Internet gaming.
A growing online gaming industry will provide new market opportunities for gaming companies.
There are many challenges you will face, including:
How PwC can help
We have worked with regulators, operators, vendors, service providers as well as other bodies across Canada. Our team provides a range of consulting, tax and audit services to assist you in realizing significant benefits through areas such as legal and regulatory response, third-party improvements, reducing operational costs, implementing technology, and managing risk.
Contact an industry professional in your area to discuss your unique business concerns.