According to expert forecasts, the Casino and Gaming industry is expected to reach a global; value in excess of US 565 billion by the end of 2022, and it is growing at an annual rate of close to 6%.
In part, this growth was exacerbated by the global pandemic. With millions of people forced to stay at home due to enforced government lockdowns, they looked for ways to pass the time, and many found refuge in online casinos like zar casino, whose offerings are outlined here.
Such casinos offered people entertainment, a means of passing the time, and, in some cases, also a chance to relieve the loneliness of lockdowns through live dealer games.
However, the operators of casinos – whether online or physical – and other gaming outlets like sports betting platforms know that in order to remain competitive and to keep revenues competitive, they need to be constantly innovating, offer existing and potential customers new ways and avenues of playing.
And that is where they have embraced technology in order to help them achieve this.
One example that is gaining traction at present is hybrid table games, which combine elements of online and land-based casino games, where the excitement of slot machines is enhanced y having a live dealer moderating the game.
Some casinos are also borrowing from sports betting by introducing skill-based casino offerings. Many traditional casino games – roulette, blackjack, slots – are predominantly based on luck when it comes to determining the outcome of a play. However, with sports betting and the type of gaming followed by hundreds of millions of people globally, the skill of the player is the key determining factor.
Increasingly also casinos are embracing Virtual and Augmented Reality.
Virtual Reality (VR) is a technology that uses the computer-generated simulation of a three-dimensional image or environment that can interact with a person in a seemingly physical manner using special equipment such as a helmet with a screen inside, or gloves fitted with sensors. By entering a VR world, players can experience being in a virtual casino, along with other players and machines, without setting foot outside their own front door.
By contrast, Augmented Reality is an interactive experience where a real-world environment is enhanced by perceptual information generated by a computer. It means online gamblers can experience many of the sounds and physical experiences of being in a real casino, even to the extent that the smells are replicated.
Meanwhile, technology is offering new and enhanced ways to play, Blockchain technology, the secret behind the rise of many cryptocurrencies, has been embraced by the casino and gaming industry in a host of ways, from registering new customers and storing their records safely, through to billing and accounting and reporting, And a number of casinos now allow for deposits and withdrawals to be made in cryptocurrencies like Bitcoin, improving customer choice.
Meanwhile, the use of SSL (Secure Sockets Layer) encryption technology, the same used by the major banks and financial institutions, is used to keep customer data secure and protected.
This is just a snapshot. Casinos know that, if they want to keep growing, continual innovation is required, and that means keeping abreast of technological developments and shaping them to their needs.