Free Trade and Processing Zone Act was passed in 1994 that permitted companies to transcend their business into the broader horizons of the internet, of which many of today’s biggest brands were quick to seize the opportunity. The biggest gambling brands were very busy in the growth of the online casino industry. Many brands launched their own casino website to supplement their existing business only to see it eclipse the original business.
Online casinos have grown rapidly in recent years with an expected growth of over 45% by the end of 2016 and revenues of more than $600 trillion and the trend is expected to continue in the coming years.
One of the biggest factors in the boom of the online casino industry is due to the advancement of technology. In the modern age, most of the western world have smartphones or tablets, which means they have instant access to the internet in their pocket or handbag. This allows people to utilise what would otherwise be dead time such as commuting to work, lunch breaks or waiting in a doctor’s office. This is time that can now be used for online gaming with many sites having mobile apps that make it more convenient than ever to play our favourite casino games.
We have also seen huge developments in the advancement of virtual reality which can now provide users with a more immersive experience which can also be used to great effect in the online casino industry. Users could put on a VR headset that would show their surroundings as being a real world casino that you can explore, but all the while you’re actually in the comfort of your own living room.
E-sports is another increasing trend in the online world with more than 200 million who either participate or watch any number of e-sports events, and that number is continually growing. The advancement of the trend has even seen the formation of professional teams and tournaments with the potential for betting on the outcome.
With technology constantly evolving, there are always new products being launched that are much more advanced than their predecessors, this means it is likely that it will become even easier and convenient to play our favourite games whenever we can. The only thing that’s hard to predict is exactly how advanced the technology will be, but there is no doubt that the online casino industry has a bright future ahead.