Gambling Entertainment Industry Rating: 8,7/10 3851 reviews

With the passing of time, the gambling and gaming industry have exhibited numerous transformations over the course of the past decades. Now, in the modern world, these changes remain and have evolved to include technological advancements. With the the commencement of crypto currency in casinos lat year, many forecast that this year should be another interesting one that is set with new trends to redefine and transform complete areas of this huge industry. Here under are some of the top gambling and gaming trends for online and real casinos in 2021 and the top statistics which may impact the entire casino industry:

  1. In 2020, the entertainment and media industry in the United States is expected to be worth over 720.38 billion U.S. Try our corporate solution for free!
  2. The gaming industry and community has grown quite a bit since we were all playing Super Mario Bros. In fact, according to a report by Reuters, gaming is bigger than it ever was, bigger than every other form of entertainment. Last year, the gaming industry produced an estimated revenue of $116 billion, beating TV and TV streaming services’ $105 billion, and that’s as close as.

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Those promoting gambling products typically respond in a number of ways. The most popular arguments used to defend such marketing and advertising is that: (i) the gaming industry is in the. Companies in this industry operate gambling facilities or offer gaming activities. Major companies include US-based casino operators Caesars Entertainment, Las Vegas Sands, and MGM Resorts, as well as Galaxy Entertainment and SJM Holdings (Hong Kong), Tatts Group (Australia), and UK-based IGT and William Hill.

Crypto Set to Dominate Around the Gambling World

Cryptocurrencies will continue to dominate the gambling industry with many online platforms accepting the crytpo this year. From deposits, withdrawals, and gameplay in Bitcoin and other digital currencies, many people enjoy and prefer these transactions because of the security and anonymity. Traditional payments will still remain an option for the biggest gambling sites, but now, cryptocurrencies are slowly replacing these old methods because many just prefer being anonymous an untraceable especially with something as sensitive as gambling. On top of that, the added security of crypto make consumers feel more at ease because identity theft and hacking are minimized. Thus, crypto has grown to to become the prime and preferred choice for many gamers and it will continue to be this way for the forthcoming years.

Access Even in Restricted Areas of Gaming

Because cryptos brought to the gambling world anonymity and it is virtually untraceable because people do not tie in their personal information with this digital currency, this has allowed many players from around the world to access and play in online gambling games in localities that originally restricted and outlawed. Imagine, in places that have banned physical casinos, there has been a rise in online gambling sites because of the protection accorded by cryptocurrency. To illustrate, a country like Taiwan with a strict regulations is now seeing a rapid growth of online gambling sites which take cryptocurrencies as a mode of payment. Sites like Online Casino TW engage Taiwanese players to peruse and enjoy gaming through a variety of online casinos that accept Bitcoin. This growing demand will keep improving over the next couple of years as online casinos grow confident to push for promotion and for expansion in these areas. Tapping this under served market is now given primary concern because of the large volume of possible revenue that can be taken from these markets.

Changing Consumer Habits Quickly

With every person having their mobile device, both mobile and social gaming have a huge impact on the online gambling world. There has been an increase in people choosing to use their phone for gaming. As a result, there have been an increase in F2P (free to play) types of game products world wide. While F2P games do not make direct profits and income, and are seen as more for entertainment, revenue can still be made in other ways. Often players pay a small fee to upgrade their favorite game to access certain features. They also willingly pay a minimal amount when they buy a different kinds of virtual offerings and game products for the improvement of their gaming experience. This shows that people are willing to spend on entertainment, and even something deemed as free, is not totally free at all. Both online and casino operators are hard at work to leverage this data to their advantage because these F2P players are potential clients and they have strength in numbers, which one tapped will boost revenue in massive proportions.

Dealing with More Live Dealers

Players show preference over online casinos that show a realistic real live casino from their homes. They enjoy an engaging “real, live” dealer, which is the primary reason they started this gaming habit, while never having to leave the house. Thus, more online casinos are using this information to gain leverage for the benefit of their online sites. On top of that, they beef up the same angle in the brick and mortar casino as well. For instance, the use of dynamic, lively dealers in games like Blackjack and Baccarat are popular with online casinos and many real casinos concentrate their efforts on providing engaging dealers on the casino floor. Ever since the casino industry started, consumers have always been drawn to dealers who possess the quick wit and charm. There is just something about this human interaction that makes it tempting for people to play more and stay longer. With advanced technology, dealers look real and just as engaging online.

VR Based Gaming on the Rise

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Virtual Reality or VR is another nifty invention that paves the way for a more immersive casino experience. With more VR accessories readily available to the general public, the push for VR based casinos to evolve is on the horizon and is only a matter of time before everyone has easy access to this virtual reality casinos from the comforts of their own home. Net Entertainment, one of the gambling word’s best and most popular software providers, has recently shown and proven that they are ready to upgrade when they showed a demo of their virtual reality version of their in demand Jack and the Beanstalk slot machine game. Now, there is a strong outcry for the release of more VR versions of their other popular games.

Land Based Casinos on a Decline

Land based casinos are feeling the burn from their online versions and are facing a rapid decline with the recent popularity of online gambling sites. There have been a decrease in rates over the past year, especially since people need to make an effort to make their way down to a real casino. These brick and mortar casinos are concentrated in one area, such as Las Vegas or the Jersey Shore. People have to spend a lot of money to get themselves to these brick and mortar casinos. The amount of money and time wasted before a client can play a game is already exorbitant before he or she even gets to the actual casino. Because of this, consumers are opting to save their transport and other incidental costs, and they channel these figures to online gaming where they can use their money for bets, instead. Online casinos have the edge because they offer more privacy and more convenience to their players. On top of that, online casinos also offer a better and more vibrant gaming experience. Some online casinos have numerous games to offer that players are hard pressed to choose. These games even go through routine upgrades, so clients will always enjoy their experience. This is something which land based casinos cannot be at par with because of their limited games.

Upgrade of Slot Machines

As casinos attempt to attract the younger generation, the industry will continue to incorporate slot machines that are equipped have a skill element. After all, younger guests are adept at these types of gaming features found in their many video games and gaming consoles they grew up playing. This proves that people really want to be engaged and entertained at all times. If they are presented with something that is redundant, they will undoubtedly get bored. And as a casino operator, this is something that you do not want to happen to your clients because the moment they begin to feel bored, that’s when they entertain thoughts of leaving to find other things to do. Upgrading those slot machines mean continuous gaming that feels new and fresh.

Interactive Gaming Systems Modify Interaction

Many online casinos deliver the best online content to meet and address their numerous guests’ expectations. Thanks to technological improvement, users can access entertaining and engaging online games in a more luxurious lounge setting through touch-enabled kiosks, wall panels, and tables. Interactive gaming systems has the power to merge the popularity of online and social gaming to the real casino floor. The name of the game has always been interactive gaming, which is why even when the current casino goers were young, they already enjoyed interactive gaming experiences with their old Atari, Sega, or Nintendo interactive gaming systems.

Introduction of New Table Games

There are games like blackjack and poker that need a level of mastery to play correctly and to increase the odds of winning. Unfortunately, not everyone has this skill, so they are on the look out for games that may be challenging but are easier to learn. As a result, casino operators continue to bring new table games to the floor to see which ones become popular. In addition, as guests become more familiar with online and social games, they are drawn to the same types of games on the casino floor, which is why there has been a rise in interactive gaming systems in brick and mortar casinos.

Smartwatches Bring New iGaming Experience

Placing bets via a smartwatch is now a very really thing. In the past few years, people have been using their cellphones and tablets to connect to online casinos. Now, smartwatches are set to take over as a more convenient and accessible option. Others have predicted that the smart watch industry will reach its global worth of almost $33 billion by 2021, and gambling is slated to be a part of this enormous trend. Wearable technology has always been popular, and it will continue to be so in the coming years with more gaming software developers crafting new games that can be easily integrated in all devices.

Whether online or real casino, the operators goal would be to always give the clients what they want. Aside from providing a high level of customer service, fine dining, rewards programs, and incentives, the primary motivation is to give the best gaming entertainment. Now, the trend is mix the best of interactive online gaming systems and technologies with the traditional charm of the older live based casino.

Gaming rules the entertainment industry, so why aren’t investors showing up?

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As gaming’s popularity reaches epic heights, venture investors’ activity in the industry doesn’t seem to equate with the overall size of the games market. Spurred by an unreal year where traditional entertainment has been upended by the COVID-19 pandemic and consumers find unity in virtual worlds like Animal Crossing and Fortnite, gaming has never been more popular.

Late-stage investors have shown that they have a tremendous appetite for businesses in the gaming industry. They’ve been pouring capital into established gaming companies like Scopely, which on Wednesday announced a $340 million investment round at a $3.3 billion valuation. But venture capital simply hasn’t given the gaming industry and the broader synthetic market the attention it deserves given its place in the entertainment and cultural firmament.

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Just ask LeBron “Bronny” James Jr., the son of the NBA’s biggest star, who became a professional athlete this week — as a gamer with one of the most popular teams in online gaming, FaZe Clan. Or look at Unity, the creator of a popular game development engine, whose stock price has nearly doubled since its public offering in mid-September. Since opening trading at $56 per share, the stock has nearly doubled in value and is now trading at $100 per share.

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In the first half of the year gamers spent $36.8 billion on games through both the Android and iOS app stores, according to data from SensorTower. New game installs are also up for the year. The app analytics company said that new game installs were up to 28.4 billion over the first half of the year. Annually the 15 billion new game downloads in the second quarter represented a 45.2% year-on-year growth in gaming.

Then there’s Bitkraft, one of the only venture firms to focus on the totality of the gaming industry, which announced the close of its most recent fund, a $165 million investment vehicle. The firm, which added a former Goldman Sachs managing director earlier in the year to capitalize on the opportunity in what the firm calls “synthetic reality” investments, raised $25 million more than its $140 million target. One of these things is not like the others.

Gaming-focused investment firm Bitkraft closes in on at least $140 million for its second fund
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“I’ve been in the games industry for 23 years now [and] I’ve always had this huge fundamental conviction of video games not only dominating the entertainment industry but sort of taking up a big part of what society is — where video games create the digital identities that define evermore of what we understand of ourselves,” said Jens Hilgers, Bitkraft’s founding general partner. “We feel that these are times of acceleration … it’s great to see how we’re leapfrogging one or two or three years of the games industry in this crisis and it makes it more exciting to invest in these times.”

The Unity public offering, and its emphasis on markets outside of gaming, seems to prove Hilgers point and show just how much opportunity remains around the notion of synthetic reality in business and entertainment.

“Their thesis around democratizing access to gaming tools by letting hobbyists use the tools for free is smart, if you want to win the market,” said Alice Lloyd George, founder of Rogue Ventures, a new investment firm focused on frontier technologies and gaming investments.

Lloyd George compared Unity’s business to its biggest competitor, Epic Games, and noted that both have broad aspirations. “Both of them want to use their game engines beyond pure gaming,” Lloyd George said of the two big new gaming platform developers. “Unity is really well-positioned because they’re so strong on mobile. That positions them well for AR and VR. And you need onramps for the developers for AR and VR.”

Engagement and the future of entertainment

When Scopely’s co-chief executive Walter Driver talks about the attraction of gaming properties for players — and the reason investors have been willing to value his Los Angeles-based company in the billions of dollars — he talks about the connections between players. “People have found — and investors looking at the space have found also — that people value the connection they’re getting from interactive experiences. It’s not just our relationship with the players, but their relationships with each other,” Driver said. “Inside of most passively consumed media experiences, you don’t have an identity. You don’t have friends.“

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