It’s an exciting space to be in right now for those in the gambling industry, as technological changes are leading to richer user experiences and more opportunities for the player, while regulatory changes are driving more responsible gambling and increasing transparency.
Casino games are beginning to use blockchain technology to increase the transparency and security of these games. Cryptocurrency payments allow for lower transaction costs and greater protection of the player’s privacy.
AI
At a more basic level, AI transforms the business of casino online betting and gambling, by improving its practice in just about every respect – from delivering customer support, to compliance and automation, which translates into a decreased expense and a better user experience.
Gaming providers use technology to personalise games and betting recommendations based on a gambler’s preferences and behavioural history to offer a tailored gaming experience, boosting engagement with every player.
Besides, the data from play can assist casinos to identify problem gambling and handle its signs and symptoms. By monitoring historical betting behaviours and trends, early symptoms of problem gambling can be detected and hence intervened by restricting play or the provision of resources – even done by artificial intelligence machine learning algorithms, so that the effectiveness of use can be achieved. Finally, live sports analysis adds dimension to the casino industry business and generate new business opportunities.
VR
Yet right here, right now, VR technology promises to provide online bettors with a totally upgraded gambling experience. Using a headset, they can play any desired casino game from anywhere and not only modify the social aspects of gambling, but also recreate the atmosphere and exhilaration of physical casinos in their own living rooms.
VR sports betting also extends to virtual stadiums and arenas where matches are played in real time in a simulated version of the real environment, an aspect of gamification that will undoubtedly be appealing to fans and might even attract new gamblers, as well as make online gambling even more appealing to sports fanatics.
However, slow broadband speeds and the fact that it requires special VR headsets means that mass market adoption is likely to be some way off. Equally, concerns about responsible gambling could prevent many people from trying VR betting; presumably those issues can be addressed as technology further develops.
AR
Augmented Reality (AR) is a relatively new field, which relates to presenting digital data over real-life views. Casinos and gaming halls can facilitate personalised marketing campaigns for every player to encourage them to play for the maximum effect time, while data on the player’s behaviour is tracked to provide information for the optutimisation of the marketing strategy.
AR could be deployed to enhance play at a live casino via avatars, customising the gambling environment and identities of the dealers, allowing for greater connectivity between user and the gaming world: increasing play duration is key to reaping the full potential of cash-flow.
For virtual roulette and blackjack, AR makes more social games possible than either VR or current online gaming, such as allowing players to communicate in real time with each other or with the dealer, though forcing users to do so through direct speech instead of phones or headsets (which is illegal in the US).
Cryptocurrencies
With more than one third of the entire human race being somehow involved in the gaming, it is not surprising the online casinos, sports betting sites, and other gaming platforms considering cryptocurrencies as a payment of preference. Cryptocurrencies have many advantages such as lower transaction costs, worldwide availability and added security.
Cryptocurrency transactions also require no personal detail, meaning that data breaches aren’t possible, and online gambling will be almost entirely anonymous. They are also much quicker in executing transactions than other banking methods.
Some also boast provably fair games, where the outcome of bets – such as dice rolls or card draws – can be independently checked by the player. But even if it works well – and volatility is a real risk with currencies – this won’t help if regulators fail to enforce robust standards to prevent illegal operators targeting players.
Mobile
These days, one can attend a live dealer casino because mobile technology improves daily. You can now guarantee an easy payment whenever you gamble thanks to sophisticated smartphones! On the other hand, you can also stay anonymous while making transactions with new cryptocurrencies.
Additionally, independent gambling responsibility campaigns and regulatory overhauls have been incorporated in order to keep it afloat. With technology evolving at a faster rate, casinos need to stay ahead of the trends to keep up with what’s new in the gaming world.
As a new trend in casinos, betting kiosk nowadays has received a huge amount of acceptance due to its ready-made user friendly features allowing patrons to place their own bets without requiring any direct assistance from the pit boss. Using the machine greatly facilitates the betting process for the operator – faster than dealing with hundreds of demand from the crowd – as well as significantly shortening waiting time – something customers have been craving for ages.
