With such a dramatic increase in spending limits (the previous maximum was capped at $9,999), this versatile gambling platform aims to attract more high-rollers, mainly by making them move away from numerous unregulated sites. To facilitate hassle-free withdrawals, the venue offers a range of payment methods tailored to Canadians.
The sharp rise also applies to the sum of money punters can have in their accounts at one time, which has also grown from $9,999 to $250,000. The changes, of course, won’t affect most players as according to the BCLC, more than half of its customers adjust a weekly deposit limit at $100 or less.
“By increasing deposit and account limits, PlayNow.com is offering high limit players a regulated, secure online-gambling platform with safeguards that support player health while keeping gambling revenue in British Columbia, where it is used to support core services British Columbians depend on, like health care and education,” the BCLC said in a statement.
It’s estimated...
... that more than 2,000 so-called „grey market“ websites operate in the province at the moment absorbing over 70% of users that gamble online. Needless to say, such places do not care too much about anti-money laundering safeguards or a healthy gaming environment. In addition to that, while the income generated through PlayNow.com is invested into BC social services and infrastructure projects, unregulated websites do not pay taxes in the province.