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Modern technologies impacting the gambling industry
Modern technologies have ushered the gambling industry into a new era. This new era seems bright and sharp for the present and future generations of players. Several limitations like long loading time, few payment options, low security, low privacy, short numbers of games, gambling addiction, and connectivity issues are gradually fading off, thanks to the advancement of technology. Many casino sites and players are grateful and pleased with the impact of modern technologies on the gambling industry. There’s no better time to be a player than now.
This article will highlight modern technologies impacting the gambling industry.
Four Modern technologies Impacting the gambling industry
Modern technology has renovated many sports and the gambling industry. Here are four modern technologies affecting the gambling industry:
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5G Network
The fifth-generation (5G) network is making waves in the gambling industry. Despite the controversies and misconceptions associated with the 5G network, many casinos and players embrace it because of its positive effects on the gambling industry. The 5G is a global wireless network that uses higher radio frequencies or spectrum to transmit information. The 5G network eliminates connectivity problems and improves players’ gambling experience. With a 5G network, punters can easily play any game online at the fastest network speed.
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Blockchain Technology
Blockchain Technology is a decentralized, peer-to-peer network of several databases or chains. This legal tender has significantly changed the gambling industry. Many online casinos adopt blockchain technology because of Its enhanced security, immutability, decentralized nature, and consensus algorithms. Blockchain technology provides players with secure, private, fast, and smooth transactions. Bitcoin, Ethereum, Dogecoin, Ripple, Bitcoin Cash, Monero, and Dash are popular cryptocurrencies accepted by some online casinos.
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AI Technology
AI Technology involves programming machines to display traits such as problem-solving and learning. AI Technology is created to mimic human intelligence. Despite its poor acceptance, AI technology is transforming the gambling industry. With AI technology’s advanced bot, an online casino can communicate with players. AI technology also helps to catch gambling addictions by accumulating data related to absurd behaviors.
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Virtual Reality and Augmented Reality technologies
Virtual Reality (VR) and Augmented Reality (AR) are technologies altering the gambling industry. Virtual Reality (VR) teleports players into a virtual world. To experience the new world, players must put on VR headsets. Augmented Reality adds real-life stimulation to a virtual world. Since these technologies are relatively new and still in their developmental stage, only a few online casinos provide VR games. Still, In 2017, the Virtual Reality market was worth over $5 billion. The VR market is expected to reach $77 billion by 2025. Therefore, VR and AR technology is interesting and profitable for the future of gambling.
Conclusion
The gambling industry is estimated to grow by over 92.9 billion USD in 2023. The advancement of technology is a major factor affecting the growth and development of the gambling industry. As more people increasingly accept technological devices such as smartphones or computers, the industry will continue growing. The 5G network, AI technology, Blockchain technology, Virtual Reality, and Augmented Reality technology are the forerunners of the transformation of the gambling industry.
Blockchain
Kore Digital Mining Ltd Announces Additional 14 PH/s Bitcoin Mining Capacity
Kore Digital Mining Ltd, a UK based Bitcoin mining company, announces that effective 1st May 2024, an additional 14 PH/s mining capacity will be added to its existing infrastructure.
This additional capacity will be provided by a major Bitcoin mining corporation and will be operational until 30th June 2024.
Derek Nisbet, Kore’s Founder & CEO, said – “We are pleased to work with a leading Bitcoin Miner in securing a large amount of mining capacity, for a 2 month trial period. We look forward to hopefully extending this period and engaging more with major mining corporations offering Bitcoin hashing opportunities, in the future.”
This additional 14PH/s Bitcoin mining capacity adds to the existing 2 PH/s currently operational with Kore’s own infrastructure and an additional 4 PH/s is due to be added over the next quarter, totalling 20 PH/s.
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The Benefits of Playing at EU Casinos
There are many EU casinos that not only attract players from Europe itself but also from countries around the world, including the US, UK, and even those from countries where online gambling isn’t permitted. So why is it that EU casinos are so popular? What drives the online gambling community to these casinos?
Well, that’s what we’re going to be looking at today. What’s so attractive about EU casinos to people who are looking for an immersive and entertaining online casino experience? Why do people in the USA, the home of Las Vegas, go outside of the USA to play at online casinos?
Benefits of EU casinos
Online gambling is by far one of the most popular methods of gambling online. Throughout Europe, specific laws in each country can vary, so access to land-based casinos can sometimes be few and far between. Thus, going online to enjoy a casino experience has become a more preferable option. And so why EU casinos? Well, for those who are joining EU casinos from outside Europe and not from the UK or the US, the English-based support and customer service are very attractive. A lot of people who play at EU casinos access it using a VPN or from a country where they don’t have any domestic online casinos, and most of the time English is their first language or one that they can understand.
The next attractive factor regarding EU online casinos is safety and security. Each online casino in the EU is strictly regulated and licensed. It’s this reassurance that a lot of players look for when choosing an online casino to go to and play at. They are held to the same strict and high standards as those of their British counterparts in the UK, which are upheld and monitored by the UK Gambling Commission. In the EU, a lot of the casinos are also regulated by either the Malta Gaming Authority or the Curacao Gaming Licence Authority. All of which share the same standards and expectations as other authorities across theglobe,e which ensures that all players playing online at EU casino websites.
The casinos that are available online in the EU are also very open to a lot of different payment methods. There are even some crypto casinos where you can play casino games online with cryptocurrency. This openness to accepting a lot of different payment methods means a lot to people who like to play at online casinos. The vast majority of them also pride themselves on providing very quick withdrawals, which are measured in hours rather than days. After all, there is nothing more frustrating than having a big win and then having to wait days to get your hard-fought winnings.
And lastly, bonuses and promotions. The vast majority of EU online casinos will have a wide range of different bonuses and promotions that you can sign up for and take advantage of. There are certain countries, such as Sweden, where the online casinos are strictly limited to one bonus or one promotion; however, the vast majority of EU casinos are not subject to such restrictions and offer a great online casino experience.
When it comes to the popularity of EU online casinos, it is growing year on year. There is plenty going in their favour and more people than ever before are shifting to online casinos rather than having to go down to the casino themselves. The fact that they can access these EU casinos from their smartphones, wherever they are, means it’s easier than ever before to win big at a casino online and have a good time.
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William Hill Announced as Official Betting Partner of Qipco Guineas Festival
Leading bookmaker becomes official betting partner of first UK Classic meeting of 2024
William Hill has been announced as the new official betting partner of the Qipco Guineas Festival, the first UK Classic meeting of the season.
It’s the latest addition to William Hill’s spring racing roster, following sponsorship of The Lincoln Handicap at Doncaster, the Punchestown Champion Chase and its status as official betting partner of the Randox Grand National Festival.
The 2,000 and 1,000 Guineas headline the three-day meeting and the leading bookmaker will sponsor 15 races across the weekend with the Jockey Club Stakes, Palace House and Dahlia Stakes among the races now featuring the William Hill title.
Aidan O’Brien’s unbeaten superstar City of Troy is still all the rage for the 2,000 Guineas at 4/6 whereas Karl Burke’s Fallen Angel heads a competitive looking 1,000 Guineas market at 7/2.
“We’re delighted to become the official betting partner of the Qipco Guineas Festival, strengthening our relationship with The Jockey Club on the back of a fantastic Grand National Festival,” a spokesperson for William Hill, Lee Phelps, said. “It’s brilliant for William Hill to be associated directly with such a prestigious event at Newmarket, the home of the thoroughbred, for this season’s first two Classics. The company has a close connection with the history of the 2,000 Guineas as William Hill himself bred the 1949 winner, Nimbus, who then went on to win the Derby.
“We’re excited to be involved at racing’s key meetings and see the Qipco Guineas Festival as the perfect sponsorship as the British flat season kicks into gear.”
Newmarket – 2,000 Guineas: May 4, 2024
City Of Troy | 4/6 |
Rosallion | 4/1 |
Notable Speech | 12/1 |
Henry Longfellow | 12/1 |
Night Raider | 16/1 |
Alyanaabi | 16/1 |
Ancient Wisdom | 16/1 |
Task Force | 16/1 |
Ghostwriter | 16/1 |
Iberian | 20/1 |
BAR | 25/1 |
Newmarket – 1,000 Guineas: May 5, 2024
Fallen Angel | 7/2 |
Ylang Ylang | 4/1 |
Dance Sequence | 5/1 |
Ramatuelle | 10/1 |
See The Fire | 12/1 |
Content | 12/1 |
One Look | 14/1 |
Pretty Crystal | 14/1 |
Buttons | 20/1 |
Purple Lily | 20/1 |
Porta Fortuna | 20/1 |
Star Style | 20/1 |
BAR | 25/1 |
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