The Canadian government has announced that it is investigating the nation’s online casinos gambling industry and licensing process. The investigations into the current policies involving internet gambling are largely due to pressure from the country’s horseracing industry – the horseracing industry is loosing money to online casinos and betting sites that are able to process bets that would normally go through the tracks. This has caused speculation that the Canadian government may pass regulations that would affect hundreds of online casinos gambling sites that are licensed through the Kahnawake Gaming Commission. The Asian-facing GigaMedia Limited internet gambling company has announced that it is not concerned about the current investigation and speculation of the future of the Asian gambling industry.

GigaMedia reassured players and the online casinos gambling industry as a whole that the company has looked into the matter – even had talks with the Canadian government, and has no concerns that speculated legislation will negatively affect the company or cause any noticeable differences in the services the company offers to players.

GigaMedia has a diverse portfolio of poker and online casinos gambling sites targeted at the Asian gambling industry with future plans to heavily expand into the European internet gambling industry as well. Speculation over the last month that Kahnawake licensed online casino gambling sites would encounter Canadian regulation and taxation problems are unfounded according to spokespersons for GigaMedia.

There is really no clear indication on how the Canadian government plans to proceed regarding the online gambling industry in the nation. The Mohawk Tribe claims to have the right to license internet gambling without interference from the Canadian government, and so far the government has really touched on whether that is actually the case.

Source:http://www.gamblecraft.com/