Looking Forward: Impact of Technological and Legal Developments on Online GamblingPublished December 21, 2018 by Ivan P
In the months and years to come, the online gambling sector will have to deal with a twofold challenge, as players' expectations continue to grow and governments are pushing for new gaming laws.
Not many industries out there are under the pressure of constant change like the online gambling space. Things are moving quickly in the gaming arena and everyone involved, from game developers to casino operators need to keep up and stay ahead of the curve in order to survive. Changes in terms of technology and regulation are the biggest and most significant ones and, moving forward, they are likely to have a significant impact on the future of the industry as a whole.
Technology Advancements: More Opportunities, but Bigger Expectations
The online gambling sector has always been pretty good with keeping up with the latest technological advancements. Quite often, casino game developers are among the first ones to put new technologies to good use and apply their advantages in their latest releases, looking to impress players and capture their attention.
However, the rapid development of technology also means the players' expectations as to what constitutes an enjoyable gaming experience are likely to rise. With VR and AR tech quickly moving forward, game developers and online casinos are likely to face a challenge where players will set the bar quite high.
In this likely scenario, the gambling industry will have to put in a lot of hard work to keep players interested and stop them from moving on to other things. While there will always be those who'll enjoy online gambling, to capture the imagination of new generations of players, it might be necessary to really put the pedal to the metal and incorporate the latest technical solutions into the mix to stay relevant.
Legal Challenges Piling Up
For a long time, the online gambling sector was able to run free, without too many obstacles or limitations. Over the last few years, however, we are witnessing an important change of scenery, where the call for tighter and stricter regulation is coming from a number of governments.
The fact of the matter is, these challenges are likely to only grow in the upcoming period. Online casinos and game developers alike will need to adjust to this new environment and adhere to glowingly stricter rules if they want to continue operating freely across various markets.
Both of these challenges mean that industry stakeholders might not be able to live off the "old glory" as it were. Rules of the game are changing and, in the near future, those capable of adjusting quickly and running with the changes are the ones who will continue to make the noise and rule the market.