Mar 31

Three worst online casino game ideas that bombed.

What Were They Thinking? Worst Online Casino Game Ideas that Bombed

The online gambling industry is unique in many ways, one being that each internet casino presents limitless borders. An operator can pack in as many games as it wants and never run out of space. As such, virtual gaming floors are the perfect forum for testing out new game ideas.

In the last two decades, we’ve seen a lot of new games rise to ultimate glory. Microgaming’s 243 ways to win slots were a smashing success! Lottery-style sit-n-goes, first introduced by French operator Winamax in 2013, revolutionized internet poker. Live dealer casinos, debuted in 2003 by Playtech and perfected by Evolution Gaming in 2006, solved the lack of realism in RNG-based gambling.

Worst Online Casino Game Ideas that Bombed

Not every game created is an instant success. In fact, just like land-based table game inventions, the majority of them die on the virtual gaming floor – some faster than others.

7-Card Stud video poker was a perfect example. It made the games more complicated than they needed to be. Similarly, 7-reel slot machines failed to attract players, who found them to confusing to keep up with. Duplicate Poker turned players off by elimination the luck factor entirely. Yes, poker players love the skill element, but without the marginal influence of the luck of the draw, no one wanted to play anymore.

Those games were historically bad ideas, but none more so than the three games I’m about to tell you about. These titles died so quickly, today’s players may have completely missed their short-lived appearance.

#1 Showtime Hold’em Poker

Showtime Holdem Poker

Showtime Poker was an online poker variant introduced by PokerStars in May 2018. It was conceived under the premise that players believed it was “about time poker players show their folded cards”. At the end of a hand, all mucked cards would be revealed.

PokerStars wanted this game to take off like a rocket! They were so enthused about it that they contracted some of their most famous pros to build hype by streaming Showtime Poker tables on their live Twitch feeds.

There were two major problems with this format. Pro players hated it, because it forced them to give away their game play secrets. Amateurs hated it because they don’t give a crap about seeing mucked cards. End result – everyone hated it!

#2 Live Casino Slot Machines

In 2011, the creative minds at Evolution Gaming believed they’d had an epiphany. Live casinos are a perfect playground for table games, but they were unable to accommodate players of the most popular casino games on the planet – slot machines. Enter stage right, live dealer slots.

This bold introduction was meant to revolutionize the live casino industry. Evolution put a lot of thought and detail into its debut, going so far as to replace virtual reels with actual spinning wheels. A dealer would host the game, offering commentary and providing live chat interaction with players.

What went wrong? Well, slots players enjoy traditional slot games for a reason. They like the singularity. They like controlling the pace of the games. Turning slot machines into a social affair was unnecessary, uninvited, and unwelcome.

Of worthy mention, live dealer slot machines are attempting a comeback this year, although I don’t expect the results to be any different.

#3 Virtual Reality (VR) Gambling

VR Casino Gambling

This is one concept most of you will remember. It wasn’t long ago, around 2015-16, that the virtual reality movement made its push. The concept was spot on. Throw on a headset and enter a virtual casino world, where your real-life actions transfer into the virtual realm in the most realistic digital casino games ever imagined exist!

Yes, it was quite a concept, but it did not catch on, and for one very simple reason. The technology necessary, and availability of that technology, has not yet reached mainstream households. That’s not to say that VR gambling doesn’t still have a chance in years to come.

Microgaming was making mobile games back in 2003, but it wasn’t until 2007 that the first smartphones appeared. Who wanted to play slots on a flip phone? No one. Another five years would pass before the mobile gambling revolution actually gained a foothold, and now, it’s the number one way to play over the internet, and enjoy all the new online casino game ideas that developers are constantly spitting out – the good and the bad.

written by Grameister777 \\ tags: , , , , , , , , , , , , , , , ,

May 16

Cute, cuddly, award winning 3D VR slots experience from Evoplay.

Cute, Cuddly, Award Winning 3D VR Slots Experience from Evoplay

Slot machines have been “raging” with innovation for more than a century. The first drum-based, bar-top games were “all the rage” in the late 19th century. Then it was fruit machines, awarding sticks of gum. Next, video slots blasted onto the scene in the 1970s, followed by internet slots in the late 1990’s. Online gaming slowly evolved into a 3D slot experience, and now, “all the rage” belongs to the fascinating realm of virtual reality (VR).

It’s taken time for this particular fancy to take off. The technology is there, but far less than a majority of the people own it. And for that reason, one company has been gearing its digital slot machines towards a combined 3D and VR experience, and its turning more than a few heads.

Evoplay’s Award Winning 3D VR Slots, Sprinkles

Evoplay has only been developing online gaming software since 2017, and already its portfolio consists of 60+ interactive titles. Evoplay’s embrace of the latest technology and their mobile-first attitude is spearheading a whole new era of 3D/VR gambling.

In 2018, the company debuted the world’s first 3D + VR slot machine at ICE. That game, called Necromancer, wowed audiences from all over the globe. Now, their latest 3D VR release, the Sprinkle slot machine, is attracting so much attention, it’s harvesting admirable awards for innovation.

2019 Spinnovator of the YEar Award Sprinkle 3D VR Slot Machine by Evoplay

Sprinkle was awarded the Spinnovator of the Year Award at last month’s Spinnovation Summit 2019, held in Prague. It is a prestigious award, indeed, recognizing Sprinkle as the industry’s leading innovation.

This new generation of gaming tech is equally designed to thrill a new generation of gamers. The panel of judges at last weekend’s summit were especially impressed with mobile first mechanics, encompassing beautifully rendered 3D graphics for traditional hand-held play, and a wholly immersive, 360° panoramic world for those with VR viewing capabilities.

Evoplay Molding the Future of Slots

“The future of slots is all about creating a gaming experience that responds to the patterns of behaviour of the new generation,” said Evoplay CEO Alexander Levchenko. “We’re looking forward to kick-starting this future and making slots more immersive than ever before!”

He expressed the company’s “absolute delight” in winning the Spinnovator of the Year Award, which he described as “one of the industry’s most prestigious awards for innovation. There is so much fantastic technology available for development studios to harness, and the emerging generation of players need an entirely new approach.”

Sprinkle Slot Machine: Beyond Cute and Cuddly

Evoplay wins Spinnovator Award for Sprinkle Slot Machine

Like many of Evoplay’s enigmatic themes, Sprinkle carries an extra terrestrial theme. But these aliens aren’t the scary, odd-number-eyeball variety. They’re the cutest, cuddliest little balls of blubber you’ve ever seen. The designers made sure to give them an extra adorable appearance, with large, sad eyes none could resist.

These colorful creatures exist on 5×3 reels with 25 bet lines, set in in a dark, oceanic world surrounded by aquatic flora and vibrant, underwater mushrooms. The white, crowned blob is the wild, substituting for all standard symbols. A firefly feature sends fireflies onto the reels, landing only upon high-paying symbols. Those symbols become sticky for 3 free re-spins.

written by Grameister777 \\ tags: , , , , , , , ,

Jun 30

New study predicts future of VR online gambling 2018-2022.

Virtual reality, or VR for short, is one of the latest technologies to emerge in the realm of digital experiences. Despite being around for several years now, it’s still considered a burgeoning market with a niche audience. But like many of its predecessors—the computer, the internet, online gambling—it’s one that is expected to take off in the coming years.

First VR Online Gambling Game, VR Roulette by MicrogamingVR gambling, in particular, is a market that many believe will become incredibly lucrative over time. Mobile casino games were once a niche market, too, yet now they outrank player access via desktop and laptop computers.

We’ve had access to virtual reality gambling for longer than most people realize. Microgaming debuted the industry’s first title in February 2016 at ICE Totally Gaming, wowing the crowd with its immersive VR Roulette game (pictured left). Soon after, NetEnt began upgrading its most popular 3D slots, like Jack in the Beanstalk, Dracula and Starbusrt, for VR compatibility. Like VR Roulette, VR Blackjack games allow players to reach out, grab chips and place them on the table’s betting diagram, just like a real game.

Predicting the Future of VR Online Gambling 2018-2022

Research Study Future of VR Online Gambling

This week, a new research report emerged from HTF Market Intelligence. The study, entitled ‘Global VR Gambling Market 2018-2022‘, utilizes in-depth analyses of this and relative online gambling insights to project the future of this potentially multi-billion dollar industry.

Geared towards “business strategists, industry executives, marketing, sales and product managers”, the study focuses primarily on macro-economic issues in the market. HTF MI details, “influencing factors and key market trends and drivers that are changing the dynamics of Global VR Gambling market.”

What will Drive the VR Gambling Industry?

The report indicates E-Sports betting as the most dominant factor in the market’s impending progress. E-Sports is linked directly to another multi-billion dollar industry—competitive game play of Mass Multi-Player Online (MMO) video games; League of Legends, DOTA 2, Counter Strike: Global Offensive (CS:GO), etc.

Countless players compete in tournaments around the world every year, with massive prize pools up for grabs. How massive? The League of Legends 2017 Season World Championship paid a grand total of $4,596,591 in prizes.

As the participants in these games compete for that cash, countless more followers are betting on the outcome, just as they would any traditional sporting event like football, hockey or tennis. HTF MI believes the scope of VR gambling will get a major boost from this arena; more so than any other gaming venue from now through 2022.

Biggest Challenge facing Virtual Reality Gambling

In the meantime, the study details the high pricing of VR headsets as the biggest challenge for growth in VR gambling. There are cheaper models on the market, but they don’t share the qualitative capabilities of their more expensive rivals.

The latest Oculus Rift bundle, including headset and controllers, runs about US-$400. Its more modestly priced Oculus Go, a stand-alone headset, goes for about $200. Comparatively, the HTC Vive headset+controller bundle runs about $500, the ASUS Windows version $400, and the Sony PlayStation VR, with headset and camera, $200 (half its original cost). If you think those prices are moderate to high, how about the HTC Vive PRO HMD Starter Kit for $1400, or the headset alone for about $800?

While those prices might work for some, they clearly detract from what could be a much larger clientele. Just like computers, laptops, smartphones and tablets, VR headsets must become more affordable before the market can expand to mainstream.

Most Notable Trend in Gambling with VR

Oddly enough, the biggest trend in the VR online gambling market isn’t really gambling at all, but rather the opposite. VR has become a significant tool in the treatment of gambling addiction.

Preventative research has shown that simulated environments can be helpful in teaching addicts to recognize triggers and avoid temptation. According to researchers at the Cyberpsychology Lab at Universite du Quebec en Outaouais, VR provides a safe and realistic environment for patients to test themselves.

written by Grameister777 \\ tags: , , , , , , , , , , , , , , , , ,

Apr 03

Extreme Gaming introduces Augmented Reality Live Roulette 360

Extreme Live Gaming launches Augmented Reality Live roulette 360For the last few years, the iGaming industry has claimed virtual reality (VR) and augmented reality (AR) are the upcoming wave of the future for online casinos. Well, my friends, the future is now. Live casino studio producers at Extreme Live Gaming are launching Roulette 360, an AR gambling game for desktop, mobile and VR headsets.

This is by no means the inaugural presentation of AR/VR gambling technology. Microgaming debuted its immersive VR Roulette back in 2015, followed by NetEnt‘s Live Beyond Live AR casino games earlier this year. However, Extreme Live Gaming is the first to incorporate VR headset compatibility into its new live roulette game.

Augmented Reality Live Roulette 360

According to last week’s press release, Extreme Live Gaming, a subsidiary of the Novomatic Group, merged AR and HTML5 technology to create Roulette 360. That combination of programming allows players to access the new AR gambling game from any operating system, on virtually any desktop, smartphone, or tablet (with Flash installed). For a wholly immersive experience, it is recommended to utilize a mobile device and VR headset combination.

The company refers to its new Live Roulette 360 as “a virtual multi-gaming experience like no other”. The game provides players with an opportunity to observe a 360-degree view of the casino, placing bets on multiple tables at once.

Some of its shining features include:

  • Standard European Roulette rules

  • Fully immersive 360-degree environment

  • Desktop, mobile and VR headset compatibility

  • Multi-gaming functionality while playing roulette (on desktop version)

  • Fully interactive environment

  • All languages available

  • All currencies available

  • Customization of table limits (for operators)

  • Customization of environment (for operators, perfect for product branding)

AR Gambling Game Debuts at ICE 2018

Extreme Live Gaming CEO debuts AR Gambling Roulette 360

Extreme Live Gaming CEO Darwyn Palenzuala showed off Roulette 360’s capabilities at the 2018 ICE Totally Gaming expo in London earlier this year. He was especially proud to introduce their AR gambling product as “the first out there that allows a player to take full control of their environment, move it around, and get a feel of the roulette game”.

Palenzuela believes the biggest draw of the 360 interface is brandable customization. “You can also link in other games,” he explains. Every position within the navigable area can be another live table game, or even a slot machine or video poker interface. “We can launch any slots game within the game, so it allows you to play roulette, plus any other side games,” says Palenzuela.

With a VR headset, the player can simply move their head to view the 360-degree atmosphere of the AR gambling environment. Using any touch-screen computer or mobile device, players can swipe the screen to change their view, also with 360-degree range of motion.

“We’ll be extending this soon to the full 360 studio environment,” Palenzuela says. “It won’t be just roulette. It will be blackjack and baccarat and other table games.”

Following its initial debut at 2018 ICE, the new augmented reality live Roulette 360 officially launched on March 26, 2018. There’s no word yet on which casino operators have shown interest in licensing the live studio platform. We hope to provide more information on that as it becomes available.

written by Grameister777 \\ tags: , , , , , , , , , , , , , , , ,

Jan 17

Top 3 mobile casino games developments of the last decade.

Mobile Casino Games #1 in 2018Last year, the inevitable finally occurred. For the first time in history, mobile gaming superseded the traditional avenue of gaming on a desktop or laptop computer. The mobile revolution is clearly upon us. Today, we’ll take a look at the top three driving factors behind the prevalence of gambling at mobile casinos.

Top 3 Developments in Mobile Casino Games

In the last decade, so much has changed about the way we access and play internet casino games. It’s not just the fact that so many of us now choose to play on a smartphone or tablet, but the resounding reasons behind that transition.

Conversion to HTML5 Supports Mobile Gambling

HTML5 online and mobile casino gamesYou may be surprised to know that mobile casino slots and table games have actually been around for many, many years. Microgaming pioneered the first mobile casino technology all the way back in 2003. Those were the prehistoric days of mobile technology, when all the cool people had a flip phone. Remember those? Yeah, I’ve tried to forget them, too!

It took another staggering ten years for mobile casino gaming to develop into something people actually want to utilize. Touch-screen technology came about in 2007, but it wasn’t until gaming software developers began using the latest and greatest HTML5 mark-up language that the concept really took off.

By programming games in HTML5 format, there was no longer any need to develop each game multiple times. For years, that was the biggest hindrance in mobile gaming technology. Every title had to be reproduced; one for desktop operating systems, one for Android devices, one for iOS, etc.

HTML5 is compatible with them all! This form of optimization made mobile gambling a feasible avenue of pursuit for all online casino operators and software companies. Without this single development in technology, smartphone and tablet casinos would not be what they are today.

Live Online Casino Gambling

Live Mobile Casino GamblingThis is one of my favorites. Being a huge fan of blackjack, the introduction of live dealer casinos was mind-blowing to me. Professional croupiers in a live casino studio, dealing cards and spinning roulette wheels for real players at home? Yes, please!

Unfortunately, like mobile gambling, it took over a decade to really develop. The first live casino studio was opened in 2003 by Playtech, but hardly anyone used it. Internet connection speeds and video quality weren’t ready to pick up what internet casinos were putting down.

In the last few years, however, technology has finally caught up with live gaming capabilities. The video streams are exquisite. The audio is seamless. Now, the game play truly mimics what land-based casinos have always offered – an interactive, communal experience with other players.

Virtual Reality Mobile Gambling

VR Roulette by MicrogamingThis particular avenue of gaming is still in development. It has been for three years, since Microgaming debuted its revolutionary VR Roulette tables at the 2015 ICE Totally Gaming expo in London. However, that demonstration has yet to move out of the demo phase and into the tangible realm of realmoney online gaming.

I believe virtual reality is the future of internet gambling. But like mobile casino games and live dealer tables, it’s going to take a lot more time to develop into something the iGaming community can really appreciate. Until then, a whole new era of interactive gambling awaits just over the horizon.

written by Grameister777 \\ tags: , , , , , , , , , , , , , , ,

Mar 20

It’s finally here! The very first Live Dealer VR Casino game has been launched. The brand new Live VR Roulette game was released by Medialive Casino, a supplier of digital software that specializes in live dealer studio gambling, following its debut at a gaming expo last week.

Medialive launches first Live VR RouletteEstablished in 2005, Medialive Casino first revealed its live VR roulette platform at the ENADA Spring 2017 exhibition, hosted by Rimini Fiera Expo Centre in Italy. ENADA is lauded as Southern Europe’s most prominent “International Amusement & Gaming Machine Show”.

According to a recent publication by Juniper Research, Virtual realityVR for short – is the future wave of the online and mobile gambling industry. The research firm predicts that, from 2016 to 2021, VR casino wagers will rise 800% from 58 million to more than 500 million.

The new Live VR Roulette game entirely alters the way players experience live dealer casino games. By utilizing a VR headset, players can literally place themselves within the casino, despite being potentially thousands of miles away.

Instead of strictly viewing the live casino table and its real live dealer, players will be able to turn their heads and see a genuine, 360 degree view of the live dealer studio. They can even move around in the casino, viewing all of the other tables and the live dealers operating them.

For the moment, Live VR Roulette is the only virtual reality casino game supported by the new software. The variety will surely expand in the near future, but one thing will remain a constant. Medialive Casino will forever be ensconced in the history books for launching the world’s very first live dealer VR casino game.

Live Dealer VR Casino to Attract Millennials

“Our aim is to find innovative solutions to conquer a new target of players,” Medialive Casino’s Head of Sales & Marketing, Angelo De Gobbi, told iGamingBusiness. “Thanks to virtual reality we can finally attract Millennials who until now were not very interested in live games.”

Media Live VR Casino HeadsetMr. Gobbi went on to explain the company’s unique marketing tactics, which include a gift box for VIP members. “This solution also allows you to retain customers by offering them a VIP gift box already configured to be able to enjoy the new gaming experience.”

The Malta-based company licences its live dealer platform to 35 online and mobile casino operators. The majority are localized to the Italian market, with a few other operators facing popular iGaming jurisdictions like Australia, Canada, and the UK.

It’s unknown which of these operators may begin distributing the VIP gift boxes mentioned by the Medialive executive, or when those gift boxes will become available.

Based on his statements, we can assume that players of high regard, dependent upon the size and regularity of their wagering, will be eligible to receive a free Medialive Casino-branded VR headset, compatible with the developer’s live VR roulette and any future live dealer VR casino games.

VR Casino or AR Casino?

Mr. Gobbi also touched on the topic of Augmented Reality (AR), saying that that term may be more appropriate in describing the new live dealer VR casino platform.

“It would be correct to speak of augmented reality,” he said, “in fact there is nothing virtual, throughout the game experience is based on real elements.”

written by Grameister777 \\ tags: , , ,

Mar 16

For the last few years, mobile gaming has been the major focus of the digital gambling industry. As always, relative businesses are looking towards innovations for the future, and right now, the general consensus is that AR and VR gambling will be the next big thing.

VR Gambling AR Gambling

AR, (or Augmented Reality), and VR (Virtual Reality), have taken the world by storm in the last two years, but both are still in early development in terms of what they can do now, and what we know they are eventually capable of.

VR & AR Gambling Conference 2017

The very first (presumably annual) VR | AR Gambling Conference has been scheduled for April 3, 2017 in Prague. It’s being lauded as a “global specialized business event”, where leading professionals in the field will gather to discuss the future of the VR and AR gambling industry.

The conference has been divided into two categories. They include a Developers section for the companies that help to create iGaming technologies, and a Business section for the operators and marketers who make such products accessible to customers.

Throughout the conference, a Networking Demo will provide attendants with an opportunity to get their hands dirty, testing out a range of VR and AR gambling and novelty products that have already been developed.

On the Business end of the conference, two speakers are currently scheduled for presentations on AR and VR gambling and marketing tactics.

Advir CEO Samuel Huber will deliver a speech entitled, “The Immersive Media Revolution: How VR and AR are changing the advertising paradigm”.

Viasys Founder Konrad Gill will follow that up with his presentation on, “Virtual Reality and the Future of Gaming Convergence”.

Other speakers from all over the world, including Canada, Germany, Great Britain, Matla, the United States and more, are expected to attend.

VR Gambling Now And In The Future

VR Roulette MicrogamingWe haven’t seen any AR gambling apps just yet, but VR gambling already exists. Microgaming debuted its new VR Roulette platform in early 2016 at the ICE Totally Gaming expo in London. Despite being one of the first VR gambling apps to market, it was incredibly well developed, setting a very high standard for others to follow.

The VR experience transcends anything we’ve seen before. Requiring a VR headset such as the Oculus Rift, players are transported into a virtual world with limitless capabilities. Microgaming’s VR Roulette is designed so that players can reach out, pick up chips, and place them on the table, just as they would in a real casino environment.

Potential for AR Gambling

AR gambling has great potential, when you consider what we’ve seen in development so far. The PokemonGo craze is a perfect example. Millions of people took to the streets, collecting those cute little Pokemons from anywhere in the world they could travel, preferably on foot.

In an augmented reality, real world maps are used to bring players together. AR gambling apps could utilize the same technology to put slot machines, blackjack tables and roulette wheels on every street corner, or inside restaurants, coffee shops, bars, airports, etc.

Unlike VR worlds, AR gambling could open a whole new realm of regulation, wherein social businesses could apply for licences to facilitate gambling, implanting AR casino games within their establishments that could be accessed by any adult with a mobile device. Casinos could put a virtual gambling floor in their hotel rooms.

The market for AR and VR gambling is, quite literally, boundless.

written by Grameister777 \\ tags: , , ,

Feb 08

It’s Time to Embrace VR Casino Technology

Blog, Casino Games Comments Off on It’s Time to Embrace VR Casino Technology

Is there really no time to waste in embracing VR?” Raf Keustermans and Alex Tomic didn’t seem to think so when they made that the title of their 2017 ICE seminar, lauding the upcoming growth of VR casino technology.

VR casino technology

Keustermans and Tomic are the CEO’s of their respective social and online gaming companies, Plumbee and ALEA Gaming. Each has more than 10 years experience in the field, and both agree that VR casino technology is the future of the digital gaming world.

Virtual reality is a steadily expanding genre for the gaming industry, but Keustermans said it’s still on the horizon for now. Thus its essential that more companies explore the world of VR, without making a significant investment just yet.

Raf Keustermans CEO PlumbeeI’d recommend, at this point, that businesses keep it lean but experiment with VR,” the social casino gaming CEO told the ICE Live blog team following the seminar. “Take an agile approach, just get out a few products but don’t put vasts amounts of cash behind it.”

Keustermans said the purpose of his seminar is to advise operators to simply start working in the direction of VR casino technology. Essentially, he’s urging companies to get a head start on the ‘next big thing‘, before it arrives in full force and leaves them sucking up the dust of everyone who already embraced the concept.

The message I wanted to get over to businesses in my session is that there’s no need to freak out about VR just yet,” he explained. “You’ve got a couple more years until it will really hit the market but it’s good to start learning about it now.”

So, how can these businesses begin exploring VR casino technology without putting too much money into it yet? Keustermans recommends everyone go out and buy some VR headsets to experiment with. Figure out how they work, what’s fun about them, and how to build a product that utilizes this budding technology.

He doesn’t recommend putting a team of 20+ people on it, though; rather make it an “afternoon project” of exploration. He says VR casino platforms will become the wave of the future, and to ignore the developing trend in its early stages could become a catastrophic and costly mistake later on.

However, he also pointed out that virtual reality needs to be considered from all angles, not just the marketing of new products. How will it effect those who use it, and will it turn out to be a positive or negative stream for the future?

At this point, the commercial market needs to look more into the philosophy behind VR rather than the product development. Think about what VR might do to someone’s brain,” he said.

Should we be afraid of it, should regulations be involved?” he questioned. “It’s an industry topic that we will be discussing for the next few years.”

Some of the industry’s bigger companies have already begun the foray into VR casino technology. Microgaming – long-time pioneer of internet gambling software systems – introduced it’s immersive VR Roulette at last year’s ICE 2016.

written by Grameister777 \\ tags:

Sep 15

Mobile and VR Casinos will bring Internet Wagers to near $1 Trillion in 2021

Blog, Casino Games, Devices, Payment Options, Poker, Sportsbook, USA Comments Off on Mobile and VR Casinos will bring Internet Wagers to near $1 Trillion in 2021

Mobile and VR Casino games to spur iGaming GrowthMany of today’s top companies rely on the publications of commercial research analysts to determine the right path for the future of their businesses. Online gambling is one of the largest internet-based industries in the world today, outpacing the projected revenue of years past.

Now, thanks to the existing popularity of mobile casinos and the recent emergence of virtual reality casinos, the global iGaming market is expected to almost double in the next five years.

A new research report from analytical firm Juniper Research predicts that “global online gambling wagers” will come close to “$1 trillion by 2021”. That’s a bold prediction, but one the research company has a great deal of faith in – and for good reason.

VR, Mobile Casino Market To Spur Growth

Juniper based it’s finding on the fact that mobile casino gambling has risen at a wild pace in the last two years. On top of that, with the emergence of virtual reality casinos earlier this year, that particular venue is expected to experience enormous growth over the next five years.

Millennials were raised on technology. They grew up playing PC and console video games, with multi-player online action that greatly supersedes anything the Atari, Nintendo and Sega consoles delivered to members of Generation X. They were essentially bred to appreciate the next big thing, and for the internet gaming industry, virtual reality is it.

Casino-VR - the Virtual Reality Casino of the FutureJuniper’s latest findings are based on evidence that “gambling activities were increasingly migrating to the online environment, with the majority of net growth attributable to users of mobile channels.” Thus, as more and more gamers take to their smartphones and tablets, the mobile casino industry will see a great deal more wagers coming their way.

Furthermore, the research firm suggested that “new technologies such as VR would provide a further stimulus to the online casino sector, which is expected to account for just under half of wagers by value in 2021.”

Juniper estimated that the global online gambling market, which saw total wagers of “just over $550 billion this year”, will skyrocket “to nearly $950 billion by 2021.” Comparatively speaking, that would put the online and mobile casino market on a level plateau with the “ total spend on all digital goods and services”, which has been “forecast to exceed $1 trillion for the first time in 2021.”

User Engagement Important for Growth

The study’s author, Lauren Foye, explained why the researcher believes mobile and VR casino platforms will make up such a valuable percentage of the overall market – nearly half – five years from now, and how operators can tweak their products to keep more players coming back.

“User engagement goes a long way towards drawing in return business,” said Foye. “Providing features such as news and media on favourite teams, as well as personalised offerings based on past betting activity, enables greater engagement and is likely to reduce churn.”

Key Hindrances For iGaming Growth

While the outlook is incredibly positive for online gambling operators to take full advantage of VR and mobile casino technologies, Juniper Research suggested that a few hindrances will hold the market back from exceeding that projected growth.

Overall, there’s been a strong movement towards iGaming regulation around the world, but “a number of countries (such as the Philippines) have hardened their stance in recent months and have moved towards outright prohibition.”

It’s also worth noting that online gambling regulation has been much slower in the US than previously anticipated. Three years ago, it was thought that at least 10 US states would offer some form of online gambling by 2019, but here we are in 2017 already, and only three states have moved to regulate online casino and/or poker games.

The analysts also predicted that Bitcoin won’t make a huge impact on the industry. “Whilst a number of leading sportsbook providers, including William Hill and 888 now offer Bitcoin,” read the report, “Juniper believes that the cryptocurrency is unlikely to see mass-adoption, even in the gambling space.”

Lastly, while virtual reality casinos are the expected wave of the future, Juniper said, “The new format of VR will attract a niche clientele initially,” but that those same players “will wager significant amounts on real world ‘casino-style’ VR gambling products.”

written by Grameister777 \\ tags: , ,