Key Decisions that Boosted the Online Casino Industry

G’day, mate!

A few more serious, but very important topics.

The gambling industry has seen a lot of major developments over the years, you can read it in our blog. Though it has to be said that none can compare with the advent of online gaming.

Nevertheless, there have been certain decisions and innovations made over the years that have fuelled the meteoric growth of the gambling industry in general.  Most of which have played an important role in the molding and shaping of the sector as we know it today.

Let’s take a closer look at some of the major innovations, advancements and decisions that have contributed to the growth of the gambling sector over the years.

HARMONIZATION OF INTERNATIONAL GAMBLING LAWS

For a long time, the abstract and ambiguous rules discouraged many from taking part in online gambling activities, out of fear of possible legal repercussions. That is why the online gambling industry initially had a slow beginning, but the reviewing and easing of certain laws has made this sector thrive. There are some jurisdictions where it is still forbidden outright to place bets of any kind via online casinos and betting sites. For example, China forbade its citizens from gambling online some time ago, and the great firewall of China ensures that this practice is not openly done. Although some continue gambling online anyway, they can get arrested and prosecuted for doing so. 

Meanwhile, for decades, the laws regarding gambling in Australia have been on the liberal side of things. A number of brick-and-mortar casinos dot the landscape, some of which also offer poker alongside table and electronic games. Slots and video poker machines (known locally as “pokies”) are perhaps the most popular, and their presence is a common sight in pubs and clubs across the nation. It’s also worth mentioning that Australia has favorable taxation laws when it comes to gambling. The act of betting (whether wagering on sports, slots, the lottery, or anything else) is considered a recreational activity, and winnings aren’t subjected to taxation. This is one area where Australian gambling laws are superior to almost every other country on the planet.

RECOGNIZING BITCOIN AS A CURRENCY ON A GLOBAL LEVEL

The vast majority of online casinos, such as Golden Reels that allow gamblers to play for real money now accept a wide variety of payment methods. Though even at this late stage in the game, those that accept Bitcoin (or cryptocurrency in general) are still relatively thin on the ground. Nevertheless, this is widely expected to be one of the next big shifts for the industry, as the popularity of cryptocurrency continues to grow.

One of the biggest points of appeal with cryptocurrency is the way in which all transactions are not only safe, but also 100% anonymous. For obvious reasons, quite a lot of players would prefer to keep their online gambling habits under wraps where possible. Cryptocurrency provides the opportunity to gamble online without leaving the usual ‘paper-trail’ behind.

MIGRATING TO MOBILE-FRIENDLY SOLUTIONS

The digitalization of the industry may have been the biggest shift the casino sector has seen in its history. 

Which isn’t particularly difficult to understand, given how mobile web traffic has already comfortably overtaken desktop web traffic in most key markets worldwide. In addition, the fact that mobile devices are becoming more powerful and feature packed all the time means convenient 24/7 access to an extraordinary array of gaming opportunities.

It’s now perfectly possible to access thousands of premium casino games at any time and from any place, simply using the device you already have in your pocket.

ENHANCED SAFETY AND SECURITY

With safety and security having become a priority for today’s discerning gamer, casinos are responding in kind with enhanced procedures and protocols. There’s a lower risk of identity theft when gambling online than ever before – just as long as you choose a safe and responsible casino in the first place.

THE AGE OF THE BONUS OFFER

Last but not least, online casinos are increasingly turning to bonuses to encourage customers to sign up. Not that this is a bad thing, as ferocious competition translates to bigger and better bonus offers for players.

The Bottom Line…

Above all else, the global casino sector continues to respond to the preferences and demands of players worldwide. They asked for improved safety and security, and that’s exactly what they got. They started playing primarily via mobile devices, online casinos responded with an improved mobile gaming experience.

What comes next is anyone’s guess, but it’s pretty safe to say we’ve barely scratched the surface of what this extraordinary online industry is capable of.

Are you ready to play?

See ya Later!

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