Canadian internet casinos cater specifically to Canadian players in Canada and use Canadian dollars. Unlike American online casinos that are licensed by CIGA (Curacao Internet Gaming Association) in Curacao, Canadian online casinos are licensed by either The Lotteries and Gaming Authority of Malta or the Canadian Mohawk territory of Kahnawhake. Some casinos even have payment methods distinctly for Canadians.
Lotteries and Gaming Authority
The highly regulated Lotteries and Gaming Authority is located in the Republic of Malta, an archipelago consisting of three inhabited islands located in the Mediterranean between Sicily and Tunisia which joined the European Union in 2004. The LGA's Mission Statement can be found on their website. Their authority to license online gaming is a result of the Lotteries and Other Games Act enacted in 2001.
The Canadian Mohawk territory of Kahnawhake is an Indian reservation located in Quebec. It sits across the St. Lawrence River from Montreal on the southern shore. The Kahnawake Gaming Commission, established in 1996, issues licenses for and regulates online casinos, poker rooms, sports book sites and three physical poker rooms. Their Interactive Gaming Regulations were enacted in 1999. Many online casinos and other gaming sites are hosted and managed by the territory's Mohawk Internet Technologies, established in 1998.
Because these casinos cater specifically to Canadian players living in Canada, a good number of them only use Canadian dollars. However, some do accept other currencies and since transactions are made online, most problems can often be circumvented.
When registering an account with an online casino the player will find out then and there if they are eligible or not (some Canadian online casinos do not accept U.S. players), most usually by whether their credit card is accepted. If their card is declined, the player can see about setting up an online banking account with a financial institution used by the online casino. Since there appears to be no absolute rule regarding these matters, it's best to look at several different casinos if the player resides outside of Canada.
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There are various payment methods accepted by online casinos but they can differ between deposits and withdrawals. Not surprisingly, there are usually more options available for deposits. Major credit cards such as Visa, MasterCard and American Express are usually accepted along with other online methods such as Click-and-Buy, eWallet Express, Gold-Pay.com, Neteller and Instadebit. Methods for withdrawals have a much shorter list. There is the old fashioned check by mail and check via courier, then there are the online methods just mentioned. Many of these online services, while claiming to be worldwide, do not offer service in or for the U.S. If North American players have a tendency to stick with online casinos within their own country, Canada or the U.S., this would be a prime reason to do so.
There appears to be almost no difference between Canadian online casinos and other online casinos. The most significant is the place of license, LGA or Khanawhake versus CIGA, which makes no difference to the player. The other standout difference is that many don't accept U.S. players.