Best of the Week
Most Popular
1. The Trump Stock Market Trap May Be Triggered - Barry_M_Ferguson
2.Why are Central Banks Buying Gold and Dumping Dollars? - Richard_Mills
3.US China War - Thucydides Trap and gold - Richard_Mills
4.Gold Price Trend Forcast to End September 2019 - Nadeem_Walayat
5.Money Saving Kids Gardening Growing Giant Sunflowers Summer Fun - Anika_Walayat
6.US Dollar Breakdown Begins, Gold Price to Bolt Higher - Jim_Willie_CB
7.INTEL (INTC) Stock Investing to Profit From AI Machine Learning Boom - Nadeem_Walayat
8.Will Google AI Kill Us? Man vs Machine Intelligence - N_Walayat
9.US Prepares for Currency War with China - Richard_Mills
10.Gold Price Epochal Breakout Will Not Be Negated by a Correction - Clive Maund
Last 7 days
Dow Stock Market Trend Forecast Update - 21st Sep 19
Is Stock Market Price Revaluation Event About To Happen? - 21st Sep 19
Gold Leads, Will the Rest Follow? - 21st Sep 19
Are Cowboys Really Dreaming of... Electric Trucks? - 21st Sep 19
Gold among Negative-Yielding Bonds - 20th Sep 19
Panicky Fed Flooding Overnight Markets with Cash - 20th Sep 19
Uber Stock Price Will Crash on November 6 - 20th Sep 19
Semiconductor Stocks Sector Market & Economic Leader - 20th Sep 19
Learning Artificial Intelligence - What is a Neural Network? - 20th Sep 19
Precious Metals Setting Up Another Momentum Base/Bottom - 20th Sep 19
Small Marketing Budget? No Problem! - 20th Sep 19
The Many Forex Trading Opportunities the Fed Day Has Dealt Us - 19th Sep 19
Fed Cuts Interest Rates and Gold Drops. Again - 19th Sep 19
Silver Still Cheap Relative to Gold, Trend Forecast Update Video - 19th Sep 19
Baby Boomers Are the Worst Investors in the World - 19th Sep 19
Your $1,229 FREE Tticket to Elliott Market Analysis & Trading Set-ups - 19th Sep 19
Is The Stock Market Other Shoe About To Drop With Fed News? - 19th Sep 19
Bitcoin Price 2019 Trend Current State - 18th Sep 19
No More Realtors… These Start-ups Will Buy Your House in Less than 20 Days - 18th Sep 19
Gold Bugs And Manipulation Theorists Unite – Another “Manipulation” Indictment - 18th Sep 19
Central Bankers' Desperate Grab for Power - 18th Sep 19
Oil Shock! Will War Drums, Inflation Fears Ignite Gold and Silver Markets? - 18th Sep 19
Importance Of Internal Rate Of Return For A Business - 18th Sep 19
Gold Bull Market Ultimate Upside Target - 17th Sep 19
Gold Spikes on the Saudi Oil Attacks: Can It Last? - 17th Sep 19
Stock Market VIX To Begin A New Uptrend and What it Means - 17th Sep 19
Philippines, China and US: Joint Exploration Vs Rearmament and Nuclear Weapons - 17th Sep 19
What Are The Real Upside Targets For Crude Oil Price Post Drone Attack? - 17th Sep 19
Curse of Technology Weapons - 17th Sep 19
Media Hypes Recession Whilst Trump Proposes a Tax on Savings - 17th Sep 19
Understanding Ways To Stretch Your Investments Further - 17th Sep 19
Trading Natural Gas As The Season Changes - 16th Sep 19
Cameco Crash, Uranium Sector Won’t Catch a break - 16th Sep 19
These Indicators Point to an Early 2020 Economic Downturn - 16th Sep 19
Gold When Global Insanity Prevails - 16th Sep 19
Stock Market Looking Toppy - 16th Sep 19
Is the Stocks Bull Market Nearing an End? - 16th Sep 19
US Stock Market Indexes Continue to Rally Within A Defined Range - 16th Sep 19
What If Gold Is NOT In A New Bull Market? - 16th Sep 19
A History Lesson For Pundits Who Don’t Believe Stocks Are Overvalued - 16th Sep 19
The Disconnect Between Millennials and Real Estate - 16th Sep 19
Tech Giants Will Crash in the Next Stock Market Downturn - 15th Sep 19
Will Draghi’s Swan Song Revive the Eurozone? And Gold? - 15th Sep 19
The Race to Depreciate Fiat Currencies Is Accelerating - 15th Sep 19
Can Crypto casino beat Hybrid casino - 15th Sep 19
British Pound GBP vs Brexit Chaos Timeline - 14th Sep 19
Recession 2020 Forecast : The New Risks & New Profits Of A Grand Experiment - 14th Sep 19
War Gaming the US-China Trade War - 14th Sep 19
Buying a Budgie, Parakeet for the First Time from a Pet Shop - Jollyes UK - 14th Sep 19
Crude Oil Price Setting Up For A Downside Price Rotation - 13th Sep 19
A “Looming” Recession Is a Gold Golden Opportunity - 13th Sep 19
Is 2019 Similar to 2007? What Does It Mean For Gold? - 13th Sep 19
How Did the Philippines Establish Itself as a World Leader in Call Centre Outsourcing? - 13th Sep 19
UK General Election Forecast 2019 - Betting Market Odds - 13th Sep 19
Energy Sector Reaches Key Low Point – Start Looking For The Next Move - 13th Sep 19
Weakening Shale Productivity "VERY Bullish" For Oil Prices - 13th Sep 19
Stock Market Dow to 38,000 by 2022 - 13th Sep 19 - readtheticker
Gold under NIRP? | Negative Interest Rates vs Bullion - 12th Sep 19
Land Rover Discovery Sport Brake Pads and Discs's Replace, Dealer Check and Cost - 12th Sep 19
Stock Market Crash Black Swan Event Set Up Sept 12th? - 12th Sep 19
Increased Pension Liabilities During the Coming Stock Market Crash - 12th Sep 19
Gold at Support: the Upcoming Move - 12th Sep 19
Precious Metals, US Dollar, Stocks – How It All Relates – Part II - 12th Sep 19

Market Oracle FREE Newsletter

Nadeem Walayat Financial Markets Analysiis and Trend Forecasts

Online Casinos: Staying Competitive

Personal_Finance / Gambling Aug 29, 2019 - 09:31 AM GMT

By: Submissions

Personal_Finance

Playing in online casinos is a popular past-time these days and the first existence of any sort of online gambling can be traced back to Antigua and Barbuda. In 1992, this Caribbean country legalised online gambling and triggered similar processes in Gibraltar, Malta and some smaller countries. Despite some strong legal challenges, the industry has gone from strength to strength and places a considerable amount of revenue into governmental coffers.

The success of online casinos means that software developers are having to work harder and harder to stay ahead of the competition. The online casino industry is a highly competitive one.


On casinos: their popularity and software

Given the competitive nature of the industry, operators want more and more new online games to steal the march on their competitors. Instead of producing their own software, they call upon specialist companies to provide them with the software so they can offer the right games and services to their clients.

Microgaming

Microgaming is the veteran when it comes to casino software and has more than 850 titles. The company releases at least two titles each month. Their main product is Microgaming Casino and requires a simple install. The operator can then access all the different products and games. The company have also developed a web-based game management module, IQ, which creates easy access to players, incentives, achievements and bet settings.

Playtech

Another big hitter in the casino software department is Playtech. The company has become one of the biggest providers around and has supplied software to some of the largest online casino operators in the world. Playtech has a comprehensive omni-channel offering and delivers more than 700 premium and in-house titles. These include DC Entertainment tie-ins, such as Superman and The Dark Knight, and film-based themes, including ‘The Matrix’, ‘Gladiator’ and ‘Robocop’.

Net Ent

Of course, these two big guns aren’t going to have it all their own way. Net Ent is a further software provider that cuts itself a sizable slice of the software provision pie. The company partners with operators to deliver a mobile-first live casino and allow them to make Blackjack, Roulette and more to their clients, using the Net Ent Live software. Operators can also count on the provider for a range of games and, with Net Ent’s help, make pooled jackpots a part of their offering as well.

IGT

IGT won’t be content to let the above three help themselves to all the customers in the market and are a major software provider for casinos. As well as games, the company produces software that can help casinos run themselves effectively as a business. They also offer advanced software, such as Cardless Connect®, which can turn a customer’s phone into their loyalty card.

If you’re an online casino operator and are looking for a new service provider, or if you’re considering investing in an online casino, you can find some of the top online casino software providers on bestcasino.co.uk. These include the heavyweights above.

Developing the games

There are a few rules when it comes to developing games. The first is that the house must win. Rule number two is that the player(s) must think they have a (realistic) chance of winning. This illusion of ability is crucial and perhaps the most important aspect. In the long run, the house will take all the money. Developing games is a task that software providers take on with passion: it’s the only way to succeed.

A lot of focus is on developing table games, which have proven more popular in the market with millennials than slots. One of the reasons is that table games allow people to gamble for longer than slots. The other is that casinos have started to tighten up the payouts on slots.

None of this stops online casinos spoiling visitors with variety, however. You’ll find a variety of themed slots in them, anything from wild safari, to rock ‘n’ roll, to history, to TV- and movie-themed slots and more. Each one is designed to have a certain look and feel that adds to the gambling experience for the player. The symbols on the reel will often reflect the theme. For instance, if it’s a movie theme, they may display a character from the movie as a high winning symbol. If it’s a rock band theme, bonuses may have names such as Encore bonus, like the Guns ‘N’ Roses slot does.

What does the future hold for online gaming?

Online casinos have proven so popular, it’s likely that the gambling industry will head further and further down the cyber route. There have also been calls for more transparency and the industry is likely to act upon these. Operators have already agreed to a self-imposed ban on some of the times it advertises.

Anyone following online casino or gaming and looking for investment opportunities may wish to consider the potential of headsets. Technologically, the future of online gaming appears to be virtual reality, in which the player immerses themselves in a sphere closed off from the physical world, or augmented reality, which adds digital elements to a live experience (think Snapchat lenses and the game Pokémon Go!). Both involve headsets, although some apps work with augmented reality and don’t necessarily require one. Today, people are seeking experiences more than they are possessions, this is something developers may have to consider when designing games as well as observe the cardinal rules of the house winning and of the player thinking they can win.

It takes a lot of skill and creativity, plus a solid understanding of the conventions, to develop new games for online casinos, but software providers deliver the goods, month after month, to stay ahead of the game and of their competitors. Not only do they develop the games; they work closely with the casino operators themselves, helping them to implement the games and remain at the forefront of online casino gaming and thrive in the industry. As the industry moves further down the more digital route, we may see even closer collaboration.

By Jamie

© 2019 Copyright Jamie - All Rights Reserved Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.


© 2005-2019 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in

6 Critical Money Making Rules