Casino games have long been developing into one of the most profitable sections of the iGaming industry. This is mainly in part due to the growth and expansion of online gambling platforms that offer tons of different game choices to customers.
It is also due to the fact that experts in the casino and gambling industries never settle for anything less than full-throttle development. These experts always stay on top of technological advancements and innovative trends and find ways to implement them in gambling.
Embracing Technology and the Growth of the Casino Industry
The fact that the industry is continuing to grow at such a rapid pace means that many startups from around the world are creating businesses centered around casino games. These companies can be focused on developing the games themselves, or they could be focused on things like digital marketing.
All spheres of the casino industry are now firing on all cylinders, and the growth we see is unparalleled by any other section of the gaming world. Presently the online gambling and casino industries are worth upwards of billions of dollars, and this is expected to keep rising over the next few decades.
But what will sustain this growth over the short-term? Which trends are going to help continue the upward trajectory of the gambling industry?
Well, that’s exactly the question that this article seeks to answer. There are a few emerging technological trends that experts predict will become transformative for casino games. Let’s take a look at a few of them:
The Introduction of Cryptocurrencies
By now, everyone has heard of cryptocurrencies. Many people might still only understand the concept quite vaguely, but everyone will have some idea of what a cryptocurrency is. For instance, it would be difficult to find someone who has never heard of Bitcoin.
These currencies have been on a steep upward trajectory for over a decade now. Someone who invested in Bitcoin a mere 5 years ago will likely have experienced massive investment profits over the past few years.
Due to the popularity of these online assets and digital currencies, the casino industry has decided to implement crypto payment gateways as an alternative form of funding online gambling. The acceptance of cryptocurrency could be massive for the profitability of the casino industry.
Cryptocurrency holders are always looking for new ways to make use of their digital assets. They are more likely to support businesses and industries that embrace changes in the financial landscape.
The fact that the casino industry is embracing cryptocurrency as a form of payment could incentivise huge amounts of profit and income into the online gambling economy.
Focus on Mobile Users
It’s been a few years since the casino industry made the shift to online platforms. This change in focus helped grow the industry massively and ushered in an entirely new way to gamble. Being able to play your favourite casino games at home, on a computer, was massively convenient.
And that right there is one of the biggest driving factors for the evolution of the gambling industry – convenience. As such, industry leaders are constantly looking for ways to continue making gambling convenient and easy.
A new shift to mobile gambling on devices like smartphones and tablets seems to be the latest attempt to continue this trend. Many online gambling platforms are now developing applications and software to help users play their favourite casino games on their mobile phones.
This would mean that players could gamble and make money on the move, while still being connected to an online medium.
AI and Machine Learning for More Personable Experiences
Everyone wants applications and platforms that are tailored to their exact needs. Over the past few years, we’ve seen major tech corporations introduce AI technologies that can help their programs learn about the behaviours and needs of their clients.
Treasure Mile casino and other trusted online casinos are now introducing the same technology to help reach the same end goals. AI technology and machine learning in the online gambling sphere can help these internet-based platforms learn about each individual user’s preferences.
This can help recommend games that users may like, help provide AI-based support on a human level, sort out user queries, and simply create an experience that is extremely personable.
AR and VR Technology
If one thing is clear about the gambling industry – they are not resistant to change at all. In fact, this industry might be the most embracing of new technology compared to most other industries around the world.
Their adoption of AR and VR technology stands as proof of this fact. Many online casinos and gambling platforms are now creating software that supports the use of augmented and virtual reality headsets.
These can be used to place players right in the heart of the casino, while still playing in the comfort of their own living room.
One of the biggest hurdles that online gambling platforms face is the loss of the social and interactive elements of gambling. However, through the introduction of virtual reality, players will feel like they are in the casino, interacting with other gamblers, while still playing remotely.
Better Slot Machines
Slot machines are by far the most popular casino game online. Most players like to log on to their online gambling platform of choice to spend a few hours spinning the slot machines. They are so popular because they are easy to play, and they are graphically appealing.
The fact that these slot machines are being upgraded on a day-to-day basis will only continue to drive up the profitability of the casino industry. Slots are now being developed with high-end 3D graphics which makes playing them far more immersive.
Online gambling platforms are also signing deals with major franchises and brands to help create slots that appeal to their users’ tastes. Want to play a slot machine that is based on your favourite movie? You will probably find one at your online casino of choice! All-in-all, the changes and trends mentioned above will surely help to sustain the unparalleled development and growth of the casino gaming industry.