Here are the main features of the industry today.
The world was shocked by the coronavirus pandemic and almost all industries plunged into crisis. The situation has affected the gambling and gambling industry in general. Bookmakers and casinos have been hit hard by the restrictions imposed. The lack of sporting events for betting and the need for social distancing has led to massive closures of such establishments.
If this happened a few decades ago, the situation for the gambling industry would have been catastrophic. The fact that there is now the Internet and online casino has softened the blow.
How the gambling industry has changed
Τhe Internet allows you to bet live on games that take place in different countries of the world, as well as play in the casino. Here are the main features of the industry today:
- The sites have a section of virtual sports. Every few minutes there are competitions in football, speedway, horse racing and greyhound racing.
- More attention is paid to the casino, poker and bingo sections that the sites have. There are roulette, baccarat, blackjack and slot machines.
- Many offer solid cash prizes, especially on progressive jackpot slots that keep growing.
An important area for the gambling industry is the constant attempt to attract new customers. This is a highly competitive market, which is why casinos offer welcome bonuses that are tempting for players. Shangri La brand is trying to follow the trends to offer customers the best gaming experience.
What is in store for the industry in the future
According to experts, in the coming years, the number of visits to online casino sites will increase. There will be a change in direction. There will be more traffic on casino and poker sites as restrictions have not been lifted yet in many countries around the world.
To understand where the sector is going next, it is important to consider why it has become valuable to people over the past 2 years. Due to the pandemic, people have been looking for ways to have fun and stay socially connected. Games were previously viewed stereotypically as isolating and limiting communication. However, the pandemic has shown that this is not the case. Search data in the early months of the lockdown last year showed who is accessing the games:
There has been a 200% increase in the number of people over the age of 60 playing online games.
The number of online casino users over 18 has increased by 93%.
People without access to game consoles or PCs were able to immerse themselves in the world of games and become part of the community.
Twitch for live streaming for gamers has seen audience growth of 83% year-on-year. In the second quarter of 2020 alone, over 5 billion hours of content were viewed.
Now online casinos are increasing jackpot prices, reducing initial deposit requirements. Promotions are common beneficial as casinos get customers and players get lower costs and bigger winnings. Affordable poker, slots, sports betting and more from the comfort of your home makes the industry sustainable. The pandemic has shown a way to have a good time without even leaving home.
