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iGaming in 2024: What to expect?

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As the year 2024 unfolds, significant expansion and growth are expected to take place in the online gambling industry.

The iGaming sector is set to be influenced by evolving regulations, technology innovations, and fresh market opportunities. Analysts are anticipating global revenues from internet gambling will reach $127 billion in 2024, representing impressive compound annual growth of 8% from 2022 revenue totals.

Are you looking forward to exploring more of what iGaming has to offer this 2024? Delve deeper into the details as we gather some of the key trends and developments to expect in the online gambling industry this year.

Mobile Gaming Expansion

As mobile devices secure more than 50% of the global iGaming industry, the online gaming sector continues to experience substantial growth. With smartphones establishing supremacy in online gambling this dominance is expected to carry on this 2024.

Operators are now working on a better adaptation by optimizing apps and sites designed for smaller screens with the following features:

  • Responsive Design
  • Scaled-Down Graphics
  • User-Friendly Navigation
  • Smooth Thumb Interactions

Users can also anticipate convenience in payment methods as sites integrate seamless one-touch payments and exclusive free bet promotions targeting mobile users. Not to mention the ongoing shift of iGaming towards mobile as the preferred gaming device to provide improved gameplay and graphics through the deployment of high-speed 5G networks.

Online Gambling on Virtual Reality

Virtual reality is poised to be a game-changer for online gambling in 2024 and beyond. Top casino site operators are already developing VR casino environments that immerse players in hyper-realistic digital worlds using next-generation graphics, 3D spatial audio, and haptic feedback for touch sensations.

As VR hardware improves and becomes mainstream on more platforms from mobile to consoles, these virtual experiences will enable multiplayer interactive gameplay at new levels. Players seated around a virtual poker table will see each other’s avatars and gestures as they banter and bet. Gamblers can reach out to pull 3D slot machine handles that vibrate on a winning spin. The technology promises to blur the lines between physical and online casinos.

Gambling with Cryptocurrency

The significant growth of cryptocurrency usage for deposits and withdrawals on gambling sites in 2022 is expected to experience further acceleration in 2024. This momentum will be fueled by increased integration of crypto payments by operators, featuring simplified wallet connections to streamline the process. The appeal lies in fast, secure transactions and circumventing credit card bans on gambling deposits, addressing challenges for both operators and players.

Increased Personalization

In 2024, operators are expected to leverage player data and AI to deliver exceptionally personalized experiences. Through analyzing individual preferences and behaviors, iGaming sites can offer relevant game suggestions, craft customized promotions and bonuses, and strategically target specific players with tailored offers at the most opportune moments.Top of Form

Loyalty programs will also become more personalized through tiered rewards, personalized communications, and VIP treatment. These personalized experiences enabled by player analytics and AI improve engagement, satisfaction, and brand loyalty.

In 2024, look for personalization to drive the next stage of innovation by giving each player a uniquely tailored journey optimized to their needs.

Expanded Use of Streaming

Live streaming will become integral to the iGaming experience in 2024. Operators will enable interactive live casino streams where players can chat in real time and celebrate wins together. Streaming slots sessions will also showcase gameplay and bonus features while building engagement.

With integrated streaming capabilities added to casino platforms, players can easily go live to share big wins, host tournaments, or interact with audiences. As streaming becomes a seamless part of the experience, it will facilitate community, transparency, and entertainment around games.

The expanded use of streaming aligns with mobile users’ interactive, connected ethos and will help drive the next evolution of iGaming.

Asia

Goa Introduces an Entirely Online Lottery Platform

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In a move towards modernising India’s lottery sector, the state of Goa has introduced an entirely online lottery platform, sanctioned by the Directorate of Small Savings and Lotteries. This initiative, known as Great Goa Games, aims to bring transparency and convenience to an industry that has long grappled with allegations of mismanagement and fraud.

Ticket sales commenced Monday, with the inaugural draw set for Sunday. Rhiti Group, led by founder Arun Pandey, was granted the license to operate and market the platform. “Our mission is to democratize opportunities through technology,” Pandey stated, emphasizing the secure and user-friendly nature of the app-based system.

Goa government official Narayan Gad lauded the move as a step forward for the Indian lottery sector. “With our online lottery streamlining processes through technology, we are setting a new standard in the lottery industry,” Gad remarked. “The technology-based product will enhance transparency and ensure improved monitoring and regulation of operations.”

This development follows new rules governing online lotteries, introduced by the Goa directorate in February 2023. Currently, 13 states in India, including Goa, allow lottery games, though others have banned them due to concerns over gambling addiction and operational irregularities.

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Catena Media Announces Board Changes

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Catena Media’s board of directors announced the appointment of Stephen Taylor-Matthews as non-executive director and the departure of Øystein Engebretsen from the board of directors.

Based in London, Stephen Taylor-Matthews is a tech entrepreneur, executive advisor and investor with over two decades of experience in online gaming, sports betting and data analytics.

He is the founder of Polynate, an AI-first company delivering next-generation sports engagement solutions, and has worked at Underdog Fantasy, GoatGaming and Betgenius in previous roles.

Stephen Taylor-Matthews commented: “Catena Media is in a transformation phase and I’m excited to be joining the board at this juncture and to contributing my industry expertise and insight.”

The appointment coincides with the departure from the board of Øystein Engebretsen, who has served as non-executive director since September 2018.

Erik Flinck, Chairman of the Board of Directors, said: “Øystein has made a valuable and important contribution to Catena Media for more than six years. I warmly thank him for his efforts and wish him well in his current and future ventures. At the same time, I am delighted to welcome Stephen Taylor-Matthews to the board. His experience and expertise will be a valuable asset for Catena Media as we move forward.”

Stephen Taylor-Matthews’ appointment will become effective once all necessary filings are made with the Malta Business Registry, and his term will run up until the end of the next annual general meeting, in accordance with the Maltese Companies Act and Catena Media’s articles of association.

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Endorphina Partners with R. Franco Digital to Expand Reach

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Endorphina Partners with R. Franco Digital to Expand Reach
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The leading online slot games provider, Endorphina, has announced a brand-new partnership with R. Franco Digital, a renowned manufacturer of AWP machines. This collaboration allows Endorphina to expand its reach in the Spanish and Latin American markets.

Endorphina is one of the top iGaming software providers for the B2B market, developing online slots that cater to a wide range of slot enthusiasts. Over the years, the provider has established itself as one of the most innovative slot suppliers in the industry, dedicated to expanding its products to players worldwide.

Zdenek Llosa, Senior Partnership Manager at Endorphina, said: “We are genuinely excited to join forces with R. Franco Digital, a trusted name with a rich legacy in the Spanish and Latin American gaming world. Partnering with a platform that shares our passion for quality and player satisfaction is truly inspiring. Together with the R. Franco team, we look forward to creating memorable, fun experiences that bring joy and excitement to our shared communities across Spain and LATAM. This collaboration feels like the beginning of something truly special.”

Franco Digital, a subsidiary of the Recreativos Franco Group, has been known for providing its customers with the best turnkey solutions for over 50 years. As a pioneering manufacturer of AWP machines, R. Franco Digital is founded on an innovative company culture that uses the best methodologies and technologies available, working with talented and disruptive people to deliver the best solutions.

“At R. Franco Digital, we are always striving to enhance our platform with innovative, top-quality content that resonates with our audiences, particularly in Spain and Latin America. Partnering with Endorphina allows us to bring a fresh, engaging catalog of games to our players, combining our platform’s power with Endorphina’s creativity and expertise. This collaboration underscores our commitment to delivering premium gaming experiences tailored for Spanish-speaking markets,” said Javier Sacristán, International Business Director of R. Franco Digital.

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