The casino industry is one of the fastest-growing industries in the world. According to a recent report by Jupiter Research, the global casino gaming industry is expected to reach $80 billion by 2022. This figure represents a 4% increase from the $ 77.5% billion in revenue generated in 2017. This increase is and will be driven primarily by “emerging technologies.”
Over the past decade, online casinos have revolutionized the sector and attracted people who wouldn’t normally visit a casino. But where can it go from here? Here we look at 6 technologies helping to push the best online casino industry into new territory as it continues to grow and thrive.
6 Technologies Helping The Casino Industry Thrive
1. Virtual Reality
Virtual reality (VR) is a computer-generated experience of a 3D environment that can be interacted with in a seemingly real or physical way. Many industries such as gaming, entertainment, medicine, education, and training use VR. It allows you to do new things like exploring and interacting with objects in the virtual environment.
For example, in the casino industry, VR headsets are used by gamblers to play games of chance such as blackjack and slots. These headsets allow players to see themselves sitting at the table machine. This gesture gives them a realistic experience of playing games of chance compared to playing on an iPad or laptop.
2. Augmented Reality
Augmented Reality (AR) is a form of technology that overlays digital images and data on top of the real world. It is a way to add information, visualizations, and more to physical objects. With AR, you can transform your surroundings by adding holograms into the space around you through your smartphone or tablet.
Augmented Reality has become popular with casinos. This is because they can use it to help gamblers improve their chances of winning big money in games like blackjack or poker. AR provides them with helpful hints as they play these games by helping them make better decisions while playing.
3. Artificial Intelligence
You may be surprised to learn that artificial intelligence (AI) is used by the casino industry for a wide range of purposes. AI can improve customer service, security, and even the customer experience. Here are some of how companies are using AI to help their casinos thrive:
- Customer service
AI can improve customer service by analyzing data from past interactions to avoid repeating mistakes in future. AI can also provide them with helpful suggestions based on similar situations in the future.
Casino security has been an important issue ever since Las Vegas became a popular tourist destination in the 1950s and 60s. But these days, it’s even more important, thanks to cybersecurity threats like ransomware viruses spreading around like wildfire through your computers or mobile devices even while password protected!
With this kind of threat level, casinos need all hands on deck when fighting off these types of malicious programs. That’s where artificial intelligence comes into play!
Because most cyberattacks result from poor computer programming techniques rather than human error, bots are ideal candidates for scanning websites for potential vulnerabilities and fixing them.
4. Live Dealer Games
Live dealer games are the next generation of online gaming. You can experience the thrill of gambling in real-time. And, you can play a wide range of games at home or on your mobile device. Live dealer games allow you to try out new games before playing them for real at an actual casino.
5. Mobile Gaming
Mobile gaming is a growing market and is an attractive option for casinos. It is already a $ 20 billion industry globally and growing at an unprecedented rate. Mobile gaming has been called” the future ” of the casino industry by many experts in the field. Casino games on your phone are a great way to reach younger audiences, something that’s crucial in today’s competitive landscape.
Blockchain is a distributed ledger. It’s a way to record and verify transactions that have been in use for centuries. It wasn’t until recently that people realized the technology could be used to store information.
Blockchain stores data in blocks connected by chains of cryptographic hash functions. This creates an unchangeable record of all data ever stored on the blockchain network. Blockchain technology has provided a safe method of transactions for casino players.
The technologies we discussed are only the tip of the iceberg. The casino industry is also working on holograms, virtual assistants, blockchain-in depth and more. With these technological advances having a positive impact on human interaction, it’s now possible for casinos to integrate them into their online platforms. Will you be giving VR games or AI assistance a try? Or maybe you will opt for something else? Try out these technologies to have a great experience!