The revenue amassed by the gambling industry continues to increase annually. This is despite the UK having the strictest gambling regulations in the world. Technology has been the main driving force behind the continued growth and the biggest influencer of them all has been the popularity of remote gambling. The introduction of online gambling from…
The revenue amassed by the gambling industry continues to increase annually. This is despite the UK having the strictest gambling regulations in the world.
Technology has been the main driving force behind the continued growth and the biggest influencer of them all has been the popularity of remote gambling.
The introduction of online gambling from a German Casino years ago has hugely transformed the face of the industry and this has led to changes in consumer behaviour.
One after the other continues to open in order to keep up with public demand. Casinos even proudly sponsor TV programs and channels such as Film 4.
Since the birth of the internet, the gambling industry has utilized new technology to the full and online casinos have proved to be a great success.With the introduction of super fast broadband, extensive internet coverage, public Wifi and smartphones and tablets, online casinos have become more accessible to those of a legal age to gamble.
They also offer consumers a huge choice of games that land-based casinos cannot match.
A standard online casino offers customers a sportsbook that includes betting on live events. This is also known as in-play betting.
It also offers punters a cash-out option, where they can collect their winnings before the bet is complete or let the complete bet play out.
Casinos also stream live sporting events that can be viewed by consumers whilst they bet, all from the comfort of their own homes.
Furthermore, most online casinos have a Live Casino section included on their sites. Here you can get the full casino experience from your living room as you interact with live dealers.
All the games that you would enjoy at a brick and mortar establishment are ready and waiting to be explored at a click of a button.
Blackjack, Poker, Roulette, Baccarat and more, can all be experienced in HD from laptops, computers and mobile devices.
However, the most popular part of online casinos has proven to be the slots. Gone are the days when you put in coins and pulled a lever and watched fruit symbols spin around.
The modern slot is almost like playing a game on a console. It has now become a fully immersive experience, thanks to great computer graphics and sound.
The choice of slots on most online casinos run into the hundreds and in-house casinos cannot compete with the room available to store games on a digital platform.
Interestingly, the popularity of slots has affected the traditional games that most people play at regular casino venues.
Revenue from games such as Baccarat, Roulette and Blackjack are falling. This does not directly compromise the profits of online casinos as they have hundreds of slots to absorb the downturn in table game interest.
This is not the case for regular casinos as they are more table game focused and rely heavily on these for revenue.
Another reason why online casinos are hugely popular is that they allow punters to remain anonymous as they spin the reels or hit the virtual casino tables. This anonymity has proven a great draw with the public and from research conducted is a real winner with female punters. Many even throw-in scratchcards and bingo too, this also scores highly with a female audience.
Non-remote gambling of all types is facing tough challenges ahead. Advances in technology and the changing gambling habits of the public have led to concerns in this section of the industry.
These gambling sectors face a squeeze that will continue to bite as long as remote gambling continues to grow in popularity.
Land-based casinos have been around for many years and are still popular. The glamour and thrills offered at a casino environment can make for a memorable and unique night out.
However, even they are being eclipsed by the growth in the remote gambling sector. They more than any other part of the industry, face direct competition from online casinos.
If you enjoy a night out then a regular casino still has a lot to offer, as it is a more sociable experience than remote gambling.
However, there is a view that land-based casinos are not for the many but the few. The public feels that regular casinos are reserved for the elite who can afford to play at an exclusive club.
It is a fact that the online casinos have brought gambling and the casino experience to a wider audience and that it caters for all budgets, unlike most regular casinos that rely on attracting high-rollers to increase profits.
Land-based casino revenues are falling across the globe including the casino power bases of Asia and North America. This is also in evidence in the UK.
To say that this is all down to the success of online casinos is to oversimplify the situation. However, there is no denying that remote casinos have played a major part in the downturn.
Many land-based casinos have wisely moved parts of their operations online to give punters the best of both worlds. This has helped prevent further loss in revenue.
Others such as Gala have become exclusive online entities and sold off their land-based offerings that were more bingo focused than casino game based.
Another major draw of online casinos are that they offer their customers plenty of freebies such as free spins, daily free games and sign up bonuses.
This has left their land-based cousins far behind and they still rely on out dated methods such as loyalty cards to keep their customers coming back for more.
There are other factors that have led to a decline in the popularity of regular casinos. These include tighter regulations introduced by governments around the world and economic factors.
However, it cannot be denied that online casinos have taken customers away from regular casinos because they offer the punter so much more.