Are New Casinos the Game Changers?1 month ago
Online casinos have been gaining popularity for quite a while now compared to their land-based counterparts largely due to the ease of access and a bunch of related perks. Unlike brick-and-mortar establishments, virtual casinos are of two significant types – entertainment and money casinos.
While the former does not deal in fiat currencies, the latter is popular around the globe due to the thrill of real money involved. But whether playing for real currency or entertainment, virtual casinos are yet to match up to the hype of land-based casinos. That hasn’t stopped the enthusiasts from signing up on new online casinos. Visit Casino Bee for the complete list of new casino sites in your region.
An Introduction to Virtual Reality Games
Although still in its nascent form, Virtual Reality has the potential to introduce realism to the online gambling experience. VR is slowly revolutionizing video games and is expected to leave a prominent mark in iGaming shortly. A few online casinos in the UK are currently experimenting with VR games, although the mass-scale implementation is a while off.
Oculus Rift and HTC Vibe have already introduced gamers to the world of VR and AR. It’s only a matter of time before the technology spills over into iGaming. A majority of online gamblers prefer gaming from the comfort of their homes, which is a leading reason behind the exploding popularity of mobile video slots. By replicating physical casinos to the tee, the evolution of technology will coax a greater portion of enthusiastic gamblers into dedicated iGamers.
Blockchain and Cryptocurrencies
One of the most popular emerging technologies of the decade, blockchain is a key component of cryptocurrencies, which is quickly taking over traditional iGaming. Crypto casinos are the new fad and have made gambling accessible to a wider audience base. Additional perks of BTC include peer to peer transactions, quick transfers, and total anonymity.
Cryptocurrencies are the new preferred payment mode in sports betting institutions and a significant portion of all Bitcoin transactions are from the iGaming industry. iGaming isn’t confined to sports betting and casino games, as lotteries and card games constitute a significant portion of the market. However, their use in physical casinos is important for mass adoption in the long run.
With COVID-19 forcing people indoors, almost every brick-and-mortar casino in the world shut shop. Coupled with major sporting events staying canceled or postponed, the only saving grace for the gambling industry was iGaming. Software developers wasted no time jumping on the bandwagon and the results are iGaming revenue shooting through the roof.
The big fish swiftly took notice of the action and apps such as MGM Grand was introduced to take a bite out of the cake. Mobile gaming has been steadily gaining popularity over the past half-decade and iGaming is quickly catching up. With smartphones getting better every day, the trend will only continue in the near future.
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