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Technological Advancements and Impact on the Canadian Economy of the online gambling industry

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Technological Advancements

In recent years, the online gambling industry has seen significant growth, driven by technological advancements and changing consumer behaviour. In Canada, online casinos have become increasingly popular, offering players a wide range of games and betting options from the comfort of their homes. This article explores how technology is shaping the future of online casinos and the potential impact on the Canadian economy.

Advancements in Technology:

The online gambling industry has always been at the forefront of technological innovation. With the rise of mobile devices, online casinos have had to adapt to provide players with a seamless experience across different devices. Today, most online casinos offer mobile apps that allow players to access their favourite games and place bets on the go. The use of virtual and augmented reality is another technological advancement that is poised to transform the online gambling industry. With VR and AR, players can enjoy a more immersive experience, making them feel like they are in a real casino.

 

Impact on the Canadian Economy:

The online gambling industry is a significant contributor to the Canadian economy, generating billions of dollars in revenue annually. According to a report by the Canadian Gaming Association, the industry contributes over $15 billion in gross output and over 135,000 jobs across the country. The rise of online casinos has further boosted the industry, creating new job opportunities and generating more revenue for the government. With the continued growth of the online gambling industry, it is expected that these numbers will continue to rise, providing a much-needed boost to the Canadian economy.

Regulation and Security:

Regulation and security are crucial aspects of the online gambling industry, as they protect players and ensure fair play. In Canada, online casinos are regulated by individual provinces, with each province having its own set of regulations. The regulations vary by province, but they generally cover aspects such as licensing, game fairness, player protection, and responsible gambling.

One of the key requirements for online casinos in Canada is to obtain a license from the appropriate regulatory body in the province where they operate. To obtain a license, online casinos must meet strict criteria, including demonstrating that their games are fair and that they have adequate security measures in place to protect players’ personal and financial information.

To ensure fair play, online casinos are required to undergo regular audits by independent third-party testing agencies. These audits examine the random number generator (RNG) used by the casino to determine the outcome of games, as well as the payout percentages of the games. The results of these audits are published on the casino’s website, providing transparency and confidence for players.

In addition to regulation, online casinos also employ sophisticated security measures to protect players’ personal and financial information. This includes using SSL encryption to protect data in transit, firewalls to prevent unauthorized access, and secure servers to store sensitive information.

Online casinos also have measures in place to promote responsible gambling. This includes allowing players to set deposit limits, self-exclusion, and providing resources for players who may be experiencing problem gambling.

(Source: https://www.business2community.com/gambling/canada-online-casinos)

The Future of Online Casinos:

The online casino industry has been growing steadily over the years, thanks to the technological advancements and changing consumer behavior that are driving its expansion. With the increasing demand for convenience and accessibility, more people are turning to online casinos for their gambling needs. As a result, the industry has experienced a surge in growth, with revenues expected to continue to increase in the coming years.

One of the key factors driving the growth of online casinos is the development of virtual reality (VR) and augmented reality (AR) technologies. These technologies are making it possible for players to experience a more immersive and engaging gambling experience. Online casinos are already incorporating VR and AR elements into their games, and this trend is expected to continue in the future. This will allow players to enjoy more interactive and realistic gaming experiences, which will in turn drive growth in the industry.

Another factor that is driving growth in the online casino industry is the rise of mobile gaming. Mobile devices are now more powerful than ever, and this has made it possible for players to enjoy online casino games on the go. Online casinos are investing heavily in developing mobile apps that offer a seamless gaming experience, with features such as touch controls and optimized interfaces. As more people use their mobile devices to access online casinos, this trend is expected to continue driving growth in the industry.

Emerging technologies such as blockchain are also expected to play a role in the future of online casinos. Blockchain technology offers the potential for increased transparency, security, and fairness in online gambling. As more online casinos adopt blockchain technology, it will become easier for players to trust that the games are fair and that their personal and financial information is secure.

However, the online casino industry will also face new challenges in the coming years. One of the biggest challenges will be increased competition from new entrants into the market. As the industry continues to grow, more companies will enter the market, making it harder for existing casinos to maintain their market share.

Another challenge that online casinos will face is more stringent regulations. Governments around the world are increasingly looking to regulate online gambling, which could result in increased costs and stricter rules for online casinos. Online casinos will need to adapt to these regulations to continue to operate successfully.

The online gambling industry has come a long way since its inception, driven by technological advancements and changing consumer behavior. In Canada, online casinos have become an increasingly popular form of entertainment, generating billions of dollars in revenue and providing jobs for thousands of people. As the industry continues to grow, we can expect to see new technologies and innovations that will shape the future of online casinos

Tech

Ottawa orders TikTok’s Canadian arm to be dissolved

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The federal government is ordering the dissolution of TikTok’s Canadian business after a national security review of the Chinese company behind the social media platform, but stopped short of ordering people to stay off the app.

Industry Minister François-Philippe Champagne announced the government’s “wind up” demand Wednesday, saying it is meant to address “risks” related to ByteDance Ltd.’s establishment of TikTok Technology Canada Inc.

“The decision was based on the information and evidence collected over the course of the review and on the advice of Canada’s security and intelligence community and other government partners,” he said in a statement.

The announcement added that the government is not blocking Canadians’ access to the TikTok application or their ability to create content.

However, it urged people to “adopt good cybersecurity practices and assess the possible risks of using social media platforms and applications, including how their information is likely to be protected, managed, used and shared by foreign actors, as well as to be aware of which country’s laws apply.”

Champagne’s office did not immediately respond to a request for comment seeking details about what evidence led to the government’s dissolution demand, how long ByteDance has to comply and why the app is not being banned.

A TikTok spokesperson said in a statement that the shutdown of its Canadian offices will mean the loss of hundreds of well-paying local jobs.

“We will challenge this order in court,” the spokesperson said.

“The TikTok platform will remain available for creators to find an audience, explore new interests and for businesses to thrive.”

The federal Liberals ordered a national security review of TikTok in September 2023, but it was not public knowledge until The Canadian Press reported in March that it was investigating the company.

At the time, it said the review was based on the expansion of a business, which it said constituted the establishment of a new Canadian entity. It declined to provide any further details about what expansion it was reviewing.

A government database showed a notification of new business from TikTok in June 2023. It said Network Sense Ventures Ltd. in Toronto and Vancouver would engage in “marketing, advertising, and content/creator development activities in relation to the use of the TikTok app in Canada.”

Even before the review, ByteDance and TikTok were lightning rod for privacy and safety concerns because Chinese national security laws compel organizations in the country to assist with intelligence gathering.

Such concerns led the U.S. House of Representatives to pass a bill in March designed to ban TikTok unless its China-based owner sells its stake in the business.

Champagne’s office has maintained Canada’s review was not related to the U.S. bill, which has yet to pass.

Canada’s review was carried out through the Investment Canada Act, which allows the government to investigate any foreign investment with potential to might harm national security.

While cabinet can make investors sell parts of the business or shares, Champagne has said the act doesn’t allow him to disclose details of the review.

Wednesday’s dissolution order was made in accordance with the act.

The federal government banned TikTok from its mobile devices in February 2023 following the launch of an investigation into the company by federal and provincial privacy commissioners.

— With files from Anja Karadeglija in Ottawa

This report by The Canadian Press was first published Nov. 6, 2024.

The Canadian Press. All rights reserved.

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Health

Here is how to prepare your online accounts for when you die

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LONDON (AP) — Most people have accumulated a pile of data — selfies, emails, videos and more — on their social media and digital accounts over their lifetimes. What happens to it when we die?

It’s wise to draft a will spelling out who inherits your physical assets after you’re gone, but don’t forget to take care of your digital estate too. Friends and family might treasure files and posts you’ve left behind, but they could get lost in digital purgatory after you pass away unless you take some simple steps.

Here’s how you can prepare your digital life for your survivors:

Apple

The iPhone maker lets you nominate a “ legacy contact ” who can access your Apple account’s data after you die. The company says it’s a secure way to give trusted people access to photos, files and messages. To set it up you’ll need an Apple device with a fairly recent operating system — iPhones and iPads need iOS or iPadOS 15.2 and MacBooks needs macOS Monterey 12.1.

For iPhones, go to settings, tap Sign-in & Security and then Legacy Contact. You can name one or more people, and they don’t need an Apple ID or device.

You’ll have to share an access key with your contact. It can be a digital version sent electronically, or you can print a copy or save it as a screenshot or PDF.

Take note that there are some types of files you won’t be able to pass on — including digital rights-protected music, movies and passwords stored in Apple’s password manager. Legacy contacts can only access a deceased user’s account for three years before Apple deletes the account.

Google

Google takes a different approach with its Inactive Account Manager, which allows you to share your data with someone if it notices that you’ve stopped using your account.

When setting it up, you need to decide how long Google should wait — from three to 18 months — before considering your account inactive. Once that time is up, Google can notify up to 10 people.

You can write a message informing them you’ve stopped using the account, and, optionally, include a link to download your data. You can choose what types of data they can access — including emails, photos, calendar entries and YouTube videos.

There’s also an option to automatically delete your account after three months of inactivity, so your contacts will have to download any data before that deadline.

Facebook and Instagram

Some social media platforms can preserve accounts for people who have died so that friends and family can honor their memories.

When users of Facebook or Instagram die, parent company Meta says it can memorialize the account if it gets a “valid request” from a friend or family member. Requests can be submitted through an online form.

The social media company strongly recommends Facebook users add a legacy contact to look after their memorial accounts. Legacy contacts can do things like respond to new friend requests and update pinned posts, but they can’t read private messages or remove or alter previous posts. You can only choose one person, who also has to have a Facebook account.

You can also ask Facebook or Instagram to delete a deceased user’s account if you’re a close family member or an executor. You’ll need to send in documents like a death certificate.

TikTok

The video-sharing platform says that if a user has died, people can submit a request to memorialize the account through the settings menu. Go to the Report a Problem section, then Account and profile, then Manage account, where you can report a deceased user.

Once an account has been memorialized, it will be labeled “Remembering.” No one will be able to log into the account, which prevents anyone from editing the profile or using the account to post new content or send messages.

X

It’s not possible to nominate a legacy contact on Elon Musk’s social media site. But family members or an authorized person can submit a request to deactivate a deceased user’s account.

Passwords

Besides the major online services, you’ll probably have dozens if not hundreds of other digital accounts that your survivors might need to access. You could just write all your login credentials down in a notebook and put it somewhere safe. But making a physical copy presents its own vulnerabilities. What if you lose track of it? What if someone finds it?

Instead, consider a password manager that has an emergency access feature. Password managers are digital vaults that you can use to store all your credentials. Some, like Keeper,Bitwarden and NordPass, allow users to nominate one or more trusted contacts who can access their keys in case of an emergency such as a death.

But there are a few catches: Those contacts also need to use the same password manager and you might have to pay for the service.

___

Is there a tech challenge you need help figuring out? Write to us at onetechtip@ap.org with your questions.

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Tech

Google’s partnership with AI startup Anthropic faces a UK competition investigation

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LONDON (AP) — Britain’s competition watchdog said Thursday it’s opening a formal investigation into Google’s partnership with artificial intelligence startup Anthropic.

The Competition and Markets Authority said it has “sufficient information” to launch an initial probe after it sought input earlier this year on whether the deal would stifle competition.

The CMA has until Dec. 19 to decide whether to approve the deal or escalate its investigation.

“Google is committed to building the most open and innovative AI ecosystem in the world,” the company said. “Anthropic is free to use multiple cloud providers and does, and we don’t demand exclusive tech rights.”

San Francisco-based Anthropic was founded in 2021 by siblings Dario and Daniela Amodei, who previously worked at ChatGPT maker OpenAI. The company has focused on increasing the safety and reliability of AI models. Google reportedly agreed last year to make a multibillion-dollar investment in Anthropic, which has a popular chatbot named Claude.

Anthropic said it’s cooperating with the regulator and will provide “the complete picture about Google’s investment and our commercial collaboration.”

“We are an independent company and none of our strategic partnerships or investor relationships diminish the independence of our corporate governance or our freedom to partner with others,” it said in a statement.

The U.K. regulator has been scrutinizing a raft of AI deals as investment money floods into the industry to capitalize on the artificial intelligence boom. Last month it cleared Anthropic’s $4 billion deal with Amazon and it has also signed off on Microsoft’s deals with two other AI startups, Inflection and Mistral.

The Canadian Press. All rights reserved.

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