The Canadian Gaming Association (CGA) has launched a new report analyzing the impact of the country’s gaming industry, taking into consideration the size and rate of growth of the sector.
Entitled ‘National Economic Benefits of the Canadian Gaming Industry’, has lauded the positive benefits that gaming has had across the country, with the industry “present in almost every region” as it remains a vital contributor.
“Gaming in Canada continues to grow and is an important employer and provider of meaningful returns to the Canadian economy, balanced with socially responsible measures,” explained Paul Burns, president and CEO of Canadian Gaming Association.
“The size and scope of the industry have created a positive economic environment, where many of the goods and services needed to sustain operations are now produced and/or offered in Canada, and a number of Canadian companies are exporting gaming-related products and services internationally.”
The report has revealed that gaming win for 2017 generated $17.1bn, including $1bn in non-gaming revenue, as well as supporting 182,500 jobs with an average salary of almost $65,000.
With gaming revenues exceeding those of social establishments combined, direct impacts upon the economy “also sizeably exceeds other segments”.
Tony Santo, CEO of Gateway Casinos, which boasts 27 gaming properties across three different provinces, commented: “Last year, we contributed over $1,000,000 to more than 1,500 community and charitable organisations across Canada.
“We strongly believe in offering not just our resources, but also our time, our know-how and our properties in supporting local efforts in the communities where we operate.
“We support and encourage all of our employees to be actively involved in projects, causes and initiatives that aim to build stronger, healthier and more vibrant communities.”
Amongst the factors highlighted by the trade association in driving the industry across Canada are technological innovations, shifts in public perception, consumer preferences for new products and the innovation occurring in a globalised, competitive market.
“Gaming in Canada has been a success from an economic development, revenue, and employment perspective,” added Burns. “Governments have profited from new tax revenues, local economies have profited from new companies, jobs have been created, and significant capital investment and economic activity have materialised.”