Casino News: Imposed Ban on Online Casino Gambling in Canada

Canada & USA have lots of similarities between them. Canada has always benefited from this proximity. Both of them enjoy a good neighboring relation. In the year 2006, a law was imposed in the USA to ban online casino gambling. Recently, the same rule was imposed in Canada as well. FirePay, an e-wallet payment option has made an announcement last week that it will close its doors to online casino gambling by Canadian gamblers. Many Canadian online gamblers are in a difficult situation right now.

Though, Canada based gamblers can transfer their funds from their Firepay accounts. The recent announcement by this payment processor company has shocked many online gamblers as well as the entire online casino industry. But, Canadian gamblers will get considerable time for their fund transfer escaping them from major financial loss. Two specific dates are scheduled in the near future to finish the process of accepting payments from users and online casino merchants based in Canada.

FirePay will however continue to provide service to Canadian online merchants from other fields of business except online casino. So, there is no change for non- casino online merchants. Meanwhile, a couple of online casino sites have already closed their doors to Canada based online casino gamblers following the imposed ban on online gambling in the USA., Firepay is the first payment processor to stop its services in Canada. It is a reputed payment processor having its stock traded at NASDAQ. Both non-casino & casino online merchants use this payment processor service around the world. Total turnover of this company is around $6.5 billion worldwide every year. From now on, FirePay will not take part of the online casino industry profits in Canada.