Foreword｜PHL63
The world of gaming is constantly changing and evolving, with new technologies emerging every day. Over the years, the casino industry has been both challenged and fueled by new technologies. So, what changes can we expect in the coming year – should we fear or rejoice?
The gaming industry is one of the largest and most profitable industries in the world. In 2020, the casino industry will be worth $227 billion. And the multi-billion dollar industry knows how to adapt to the times and keep up with developments and new technologies. But what should management be looking out for in the year ahead?
The past two years of the pandemic and lockdown have been quite lucrative for online casino owners. But now that much of the world has reopened, what should we do to keep customers attracted to online options?
Cryptocurrencies Bring New Possibilities｜PHL63
Cryptocurrencies have taken the world by storm, including the casino industry. Although the value fluctuates, it is popular to buy and invest in it. Cryptocurrencies have already started to make their way into the gambling world, but it may only be more so in the next year. The number of platforms accepting cryptocurrencies as a payment method will increase, and as an owner, you need to follow suit.
Many people are starting to prefer these encrypted exchanges as they offer more security and anonymity to gamblers. Of course, traditional payments are still an option, since only a small percentage of people will get cryptocurrencies to pay for. So you should be prepared for some customers who want to pay in crypto, but for many years to come will still be dominated by payment methods as we know them.
The possibility of paying in cryptocurrencies will bring a new dimension to the casino industry. Using encrypted payments provides anonymity and can make gamblers untraceable, making it possible to join even those located in areas where gambling is restricted. This has led to an increase in gambling in restricted areas, offering an opportunity to generate more revenue by offering cryptocurrencies as a method of payment. As an online casino owner, you should always be up to date with the latest casino legislative news.
Virtual reality will be on demand｜PHL63
Cryptocurrencies aren’t the only new technology to keep an eye on. Virtual reality gaming is also on the rise. VR offers the possibility of a more immersive experience when gambling online, which is attractive to many customers. Evolving VR casino options should be a priority as this may be necessary to compete with other offerings.
Software provider Net Entertainment is number one in developing new options for online casinos, and ever since they released VR reels for their slot games, people have been hungry for more. The complete isolation of many people over the past few years has only made the need for these solutions more apparent. People who cannot visit a casino for different reasons should be able to have an immersive casino experience at home.
