The global gaming industry is experiencing unprecedented change with more operators than ever and huge changes in the games being released.
The Australian market is one of the most exciting places in the world right now, and new online casinos for Australian players are looking for new ways to stay ahead. There are significant challenges ahead in the Australian gaming market, but there is also huge potential for growth if the industry is well prepared.
Gambling in Australia today
According to the Problem Gambling website, Australia is one of the first countries that comes to mind when you think of gambling, with over 80% of the country’s population participating in at least one gambling activity. In Australia, there are over 4,700 lottery stores and over 6,800 clubs, pubs and hotels that provide gambling services to individuals. The abundance of gambling establishments is probably the main reason why so many Australians gamble. Given the locals’ genuine love of gambling, it’s no wonder that Australia was one of the first countries to pass gambling-friendly legislation. Therefore, Australian officials have chosen to adapt to the development of new technologies, including Internet casinos.
The majority of Australian government money comes from Australian online slots. These people just like to play. According to recent statistics, every resident of the country spends about $1000 per year on gambling activities and considers it one of the ways to earn online profit as a gambler. Their love for gambling has made them the biggest gambling losers in the world. According to the New York Times, their gambling losses per adult are double those of the United States and 50% more than those of Singapore. The same can be said with confidence about gambling earnings in Australia.
Play in Australia in the future
According to the Global Online Market Report, gambling activity will be valued at $112.09 billion by 2025. Many other forecasters, like KPMG, agree that gambling will see the fastest increase in a near future. The gaming industry is dominated by Asia-Pacific and Western European countries, but new entrants such as Australia are stepping up their bids for a piece of the action.
Technological advancements are advancing at a staggering rate, and so is gambling. Some technology-related changes have led to a greater focus on digital products and innovations – from how people interact with games to how operators design their brands. This has a huge influence on how they interact with their users. While technology will still be a huge part of the Australian gambling market, how operators prepare for this change will be a major determinant of how much market share they achieve. We know that new technologies will only help the Australian market grow in the future. Here are some of the technological advancements that are expected to have a big impact on the Australian casino industry.
Virtual Reality (VR)
Virtual reality is a relatively new technology that has developed rapidly in recent years. It is now available on our mobile phones thanks to gaming sites that have integrated it into their platforms. Virtual reality has not only introduced immersive and interactive gaming, but has also opened up many new opportunities. When playing online with a VR headset, you can enjoy a 360 degree panorama with your screen, simulating a real casino. Moreover, the games have Full HD visuals and music, ensuring a realistic gaming experience. If you’re looking for a top-notch online gambling experience, you should definitely check out the top ratings at BestAuCasinosOnline – they’ve reviewed and rated some of the best Australian casinos for you.
With more VR headsets hitting the market, the need for VR-based gaming rigs is increasing. NetEnt, one of the most prominent software manufacturers, has demonstrated its willingness to accept this new technology. The company recently introduced its VR version of Jack and the Beanstalk slot. This has undoubtedly accelerated the development of more VR games by other software developers.
Artificial Intelligence (AI)
Another emerging technology that will have a significant impact on the gaming industry is artificial intelligence. The application of bots and chatbots by gaming sites is one of the ways AI is transforming online gaming. Many gambling sites now use bots to enhance the player experience. Deepstack, the poker robot, for example, used artificial intelligence and advanced programming to defeat seasoned poker pros. He learned the basics of the table game and developed his approach appropriately without letting emotions affect him. As a result, he avoided making the illogical judgments that are common among human poker players.
Cryptocurrencies have swept the world and show no signs of slowing down. Although many people are still wondering what digital currency is, an increasing number of gaming companies are starting to integrate them into their platforms. Thus, many online transactions are expected to be conducted using cryptocurrency in the near future. The popular majority of Australian players now prefer making deposits and withdrawals at online casinos using Bitcoin, Litecoin, and Ethereum.
This is due to the many benefits they are likely to enjoy.
Although some casino sites accept traditional means of payment, such as credit cards, cryptocurrencies are gradually replacing them. Besides providing complete anonymity, digital currencies have proven to be safe when playing online. Additionally, the enhanced anonymity provided by cryptocurrencies makes players feel comfortable when using them. On top of that, cryptocurrency is the preferred option for many gamers and will remain dominant for the next few years.