Cryptocurrency

What To Expect From Innovative Casinos

Published

1 year ago

November 28, 2022

Reading Time: 3 minutes

The rise of online gambling has revolutionised the way we place wagers. Gambling is no longer reserved for bookies, casinos, or the Las Vegas strip, online and mobile betting has given everyone a slice of Vegas right in their pocket. No longer do we need to make the trip to Nevada, despite the city’s mythological status. We can gamble on the go now, at any time we want and from wherever we are.

As online casinos continue using technology to develop and optimise the services they provide, what can we expect to see from these innovative gambling websites in the future? Read on to find out.

Improved Security & Player Protection

Safety and player protection should be the number one priority for online gambling websites and players alike. While online wagering provides tangible benefits in terms of ease and convenience, it comes with certain risks not previously seen in traditional gambling. The potential for security breaches can leave players’ sensitive personal and financial information vulnerable to theft by hackers and scammers, while the use of fraudulent gambling websites can pose serious financial and legal dangers.

As technology continues to develop and security systems advance, we can expect to see much safer online casinos with comprehensive player protection protocols and procedures, ensuring you can enjoy your online gambling experience without having to worry about the risks.

More Live Dealer Games

One advantage that traditional, retail gambling locations have over online gambling websites is the social aspect. Meeting friends, chatting with your fellow players, or having some banter with the dealer at the table, these things aren’t part of the online gambling experience. Or are they?

The rise of online live dealer games has worked to bridge the gap between physical casinos and online casinos. Using live streams of games including blackjack, roulette, and craps gives players the social and personal touch many feel is lacking from the digital experience and helps gambling websites fortify their position in the industry. Expect to see a lot more live dealer games in the future.

Crypto Gambling

The online gambling industry was one of the very first supporters of crypto, with some iGaming platforms accepting the currency as a payment option as far back as. Cryptocurrencies like Bitcoin offer a range of benefits over traditional payment methods. They are fast, secure, and do not require personal identity verification. The anonymity of Bitcoin also helps to protect against fraud, by encrypting transfers between parties.

As crypto continues to enjoy further mainstream acceptance across a range of industries, we can expect to see much more integration with online casinos, particularly as developments like the Ethereum Merge make the digital currency even faster and safer.

VR Gambling

Virtual reality (VR) is a rapidly developing technology that already sees extensive use across industries including video games, education, and medicine. For online casinos, implementing VR technology will allow them to deliver even more immersive and engaging experiences for their customers, using state-of-the-art visual and audio design to create hyper-realistic, exciting games. VR table games will be the next step towards successfully replicating the physical casino experience, combining realistic visual elements with social interaction features.

Current technological and operating requirements prohibit VR from being fully integrated on an individual player basis, but as the technology continues to develop and improve we can expect to see far more VR gambling and even full VR casino experiences in the future.

AI Technology

Artificial Intelligence (AI) and machine learning technology has proved groundbreaking for many global industries, gambling being no exception. The technology has a vast range of uses, from security to complex data analysis. What it could mean for the average gambler is far more accurate and personalised suggested content. By analysing your betting patterns and preferences, AI can generate markets, bets, and games that will appeal directly to you, making for a more enjoyable and engaging experience.

Conclusion

With the advent of online gambling, the betting industry has been inextricably linked with technology. As we continue to make advances in fields including crypto and blockchain technology, VR, and AI, we can expect to see much more integration with innovative, forward thinking online casinos. For the player, this will mean improved security, faster payment processing, more immersive experiences, and truly personalised suggested content.

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Cryptocurrency

Payhound empowers LSports with a seamless solution to receive payments

Published

6 days ago

April 22, 2024

George Miller

Payhound empowers LSports with a seamless solution to receive payments

Reading Time: < 1 minute

Fintech crypto company Payhound has been facilitating leading data provider LSports to accept payments from its clients.

As the premier data provider, LSports offers real-time sports data, providing operators with a competitive edge in the sports betting saturated market. By using Payhound’s solution, LSports can conveniently receive payments from its clients, significantly enhancing operational efficiency.

Established in 2018, Payhound’s mission is to enable businesses to handle cryptocurrencies with the same ease, security, and transparency as dealing with fiat currency. Through crypto, Payhound offers fast and efficient international payments, with security being a fundamental principle in all its operations.

Commenting on the partnership, a spokesperson for LSports stated: “Partnering with Payhound to optimize our payment solutions signifies a significant advancement in our global business strategy. This collaboration enables us to conduct transactions swiftly and securely, further bolstering our position as a premier data provider in the industry.”

Elton Dimech, Managing Director at Payhound, added: “We are delighted to service LSports.Through our platform, clients like LSports can easily receive payments, have such funds instantly converted into fiat, and as a result, greatly improve their operations and availability of funds. We look forward to continuing to be their reliable crypto partner in the future.”

Payhound is licensed by the Malta Financial Services Authority (MFSA) and is a holder of a Class 3 VFA License under the Virtual Financial Assets Act of 2018. The company has recently revealed its achievement of ISO 27001 certification for the second consecutive year.

Cryptocurrency

SOFTSWISS Named Crypto Company 2024

Published

3 months ago

February 7, 2024

George Miller

Reading Time: 2 minutes

Crypto Company of the Year was announced at the International Gaming Awards in London. SOFTSWISS, a leading technology company with 15+ years of experience in the industry, gets this title for the second year in a row.

Marking the beginning of ICE London, the awards ceremony has brought together top names in the iGaming industry to honour their achievements. The International Gaming Awards not only unites experts and gaming enthusiasts worldwide but also serves as the pinnacle charity event of the year.

The Crypto Company of the Year category recognises companies that create innovative experiences for clients in the gambling sector with a focus on crypto. The winner is determined by evidence showcasing the company’s standout performance in the crypto space compared to competitors. Reconfirming the previous year’s success, SOFTSWISS emerged as the Crypto Company of the Year for the second time in a row.

Securing the title of Crypto Company of the Year comes naturally to SOFTSWISS, the trailblazer in introducing crypto-friendly solutions for online gaming. Beginning with Bitcoin, SOFTSWISS has expanded its cryptocurrency offering to nearly 20 digital coins since 2013.

In its dedication to improving player experience, SOFTSWISS introduced the In-Game Currency Conversion feature. The innovation allowed players with crypto holdings to engage seamlessly in games originally tailored for fiat only. One year post-launch, 85% of all bets in crypto casinos powered by the SOFTSWISS Casino Platform were made via the feature.

As an expert in crypto-friendly solutions, the company shares its expertise through the quarterly State of Crypto reports and topical podcasts. This helps raise awareness among all stakeholders, offering essential insights for strategic decision-making.

Andrey Starovoitov, Co-CEO at SOFTSWISS, shares: “We are delighted to receive this award, and it signifies more than just recognition for our recent achievements. The title of Crypto Company of the Year holds deep meaning for those who led the way in integrating digital currencies into iGaming, actively advocate for crypto solutions, and generously share expertise in this field.”

About SOFTSWISS

SOFTSWISS is an international tech company supplying software solutions for managing iGaming projects. The expert team, which counts over 2,000 employees, is based in Malta, Poland, and Georgia. SOFTSWISS holds a number of gaming licences and provides one-stop-shop iGaming software solutions. The company has a vast product portfolio, including the Online Casino Platform, the Game Aggregator with thousands of casino games, the Affilka affiliate platform, the Sportsbook Platform and the Jackpot Aggregator. In 2013, SOFTSWISS was the first in the world to introduce a Bitcoin-optimised online casino solution.

Cryptocurrency

Casino Market Industry Forecast Reveals Surge to $165.72 Billion by 2028 with Digital Transformation and Cryptocurrency Integration

Published

3 months ago

January 24, 2024

Hunor Pal

Reading Time: 2 minutes

The “Casino Global Market Report 2024” report has been added to ResearchAndMarkets .com’s offering.

The latest report on the global casino market highlights significant growth, with expectations for the industry to swell from $131.42 billion in 2023 to an impressive $165.72 billion by 2028, at a compound annual growth rate (CAGR) of 4.6%. The report offers a comprehensive analysis of current market dynamics, future trends, and potential opportunities, positioning it as an essential resource for stakeholders in the casino sector.

The casino industry, experiencing a renaissance through digitization and a shift towards online gambling, is witnessing the rising popularity of cryptocurrency casinos. Innovations, alongside a deepened focus on responsible gambling, are propelling market growth, drawing attention from both established players and new entrants.

Key Market Dynamics Influencing Growth

Online Gambling Expansion
Smartphone Proliferation
Innovative Casino Products
Strategic Industry Partnerships

The report underscores the growing dominance of the Asia-Pacific region in the global casino market, bolstered by evolving consumer behaviors and burgeoning tourism sectors. The detailed geographic assessment provides strategic insights into the vitality of various regions within the industry.
Gambling machines, gaming tables, and novel casino experiences are discussed in the report. The document leverages industry-specific metrics to provide a nuanced understanding of segment performance, addressing both offline and online modalities.

Industry Leaders Making Strategic Moves

With major corporations like 888 Holdings PLC and Caesars Entertainment Corporation, the casino market is rife with tactical mergers, acquisitions, and partnerships aiming to solidify market positioning and leverage collective strengths.

The global casino market research report presents in-depth market analysis, reflecting cutting-edge industry trends such as the integration of advanced gaming technologies. It also spotlights operational strategies and expansion plans of front-runners in the gambling domain.

This comprehensive research report is poised to be an indispensable tool for industry investors, strategists, and stakeholders planning to navigate the complex terrain of the casino industry with data-driven confidence.

The casino market research report is devised to serve a diversity of informational needs, offering a meticulous examination of the interplay between market forces, technological advancements, and consumer preferences shaping the future of gambling worldwide.

Please note, the market value detailed in the report represents the actualized revenues recognized by entities within the industry over the specified period and geography.

A selection of companies mentioned in this report includes