The online casino industry: What are the challenges for the future?
Both online and in casino resorts, the casino industry has plenty of challenges. However, the online casino industry has many different problems. As well as the traditional problems, there needs to be a safe, non-addicting environment.
Challenges change over time. The top priority for any betting service is to ensure the protection of vulnerable people, such as those struggling with addiction, or those who aren’t financially stable. The first issue when it comes to their website, however, for the online casino industry like many businesses, was to ensure that it was optimised for a growing consumer base on mobile.
The majority of people now own a smartphone, meaning an optimised mobile port has become the norm. However, other challenges always come about. Here’s what the online casino industry might have to deal with in the future
Creating games with accessories
The 2000s had the move to mobile, but the 2020s are focusing more on our accessories, like VR or smartwatches. iGaming sites are increasing using alternate devices like these to allow more options to use their services. There are many possibilities in the future with Apple’s smart glasses, which could completely change how we use technology. iGaming could see changes because of this as well. As long as it is kept as a safe pastime and in moderation.
Online casinos as a social sphere.
The pandemic has made social outings that much more difficult. Those of us who did not already have a strong online social group found themselves having to socialise almost entirely online and only rarely getting to see someone face-to-face. The online casino industry can take advantage of streaming platforms to create a social experience for those who are interested. Casino games can be watched on Twitch or other services.
Casino games vs video games
The competitive video game industry is incredibly popular. Watching eSports teams on Twitch is quite common now for many video games and has a very large following. The online casino industry is also trying to move this way to an extent. While it is not the same, games like poker are usually live on Twitch, and fans would be able to follow along with groups or individuals they enjoy watching. Another benefit of this is that it can provide an engaging experience, without the individual having to gamble themselves and risk any money.
Crypto and its place as a currency.
In the 2010s, the UK Gambling Commission put pressure on the casino and betting sites to get a level of transparency in relation to the funding of accounts. The regulation of these services is important, especially when it comes to vulnerable individuals. As such it’s difficult to argue against this, as these sites have a level of responsibility to uphold. Some sites already use Bitcoin today, but many people still don’t trust it enough to use it as a currency. Its future as a currency is slightly unstable, but it is becoming more and more accepted.