Some Related Factors to the Big Growth of Gambling Industry

Some Related Factors to the Big Growth of Gambling Industry

Some Related Factors to the Big Growth of Gambling Industry

Comments Off on Some Related Factors to the Big Growth of Gambling Industry

The gambling industry continues to grow steadily in every corner of the world. The development of new technologies applied to the casino market, retail sports betting, and especially online, has contributed decisively to this growth.

There are continually emerging new trends that operators are trying to adapt to keep up with the times and to meet the ongoing demands of players. There are also some aspects that need to be given particular attention to the future of the sector. Mobile Game, Virtual Reality and Bitcoin are among the major factors that will dominate the gaming industry’s panorama in the near future.


The advent of mobile gaming

To say that mobile gaming represents the future of online gambling may look like a cliché. But this is the reality of the facts, since mobile devices have become part of people’s daily lives, representing an irreversible trend.

The development of these technologies is of paramount importance for everyone: gamblers, developers and gambling providers, both in the physical and online networks. They are constantly looking to expand the range of games to entertain customers by meeting their growing needs.

The results in the report show that mobile devices are increasingly used to access gaming sites and that online gambling growth has contributed to the consolidation of companies. The report also reported that some gaming sites recorded an increase in their total revenue due to mobile device revenue. Another important factor has been the recent trend of mergers and acquisitions of online gaming companies, such as Amaya Gaming Group, which acquired the parent company of Full Tilt Poker and PokerStars. Europe is the largest Internet casino market with numerous jurisdictions that have opted for regulating their markets, including the United Kingdom, France, Spain and of course Italy.

Last year, Juniper Research published a study dedicated to the development of the online gaming industry over the next 5 years. Industry growth has been attributed to some key factors. The first has to do with the increased use of mobile devices and the growing number of app downloads. It also increased the availability of 3G, 4G and Wi-Fi. Another trend is the provision of online gaming options: there are many land-based operators who tend to offer their services even through their gaming sites.

Virtual Reality and Gambling Online

Speaking of technological development, one can’t fail to mention one of the most modern solutions for online gambling. Virtual Reality (VR) is a technology that uses special headphones, sometimes in combination with environments and physical spaces, to create a virtual world as close to reality. In recent times the demand for this kind of entertainment in online gambling has grown considerably. Some analysts believe that this technology will be very useful to the industry as it will further involve customers. SlotsMillion, the first VR casino, has recently dealt with a search that revealed that 92% of people involved know the term Virtual Reality; 23% found themselves in the use of this technology that is most successful among people aged 18 to 34 years. 24% of respondents aged between 25 and 54 years and 10% of those over 55 years tested VR. 60% of women and 72% of men said they were interested in this type of game. About 30% of men and 18% of women have already tried it.

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