Many investors keep up with market trends to identify booming industries that are worth investing.
UK online casinos dominate that list, mostly because they check all boxes that define good platforms. Experienced investors favor more stable markets as long as they promise stable annual returns. Some people, however, prefer high-risk businesses that promise higher returns in the long-term.
Online gaming has always been categorized as a high-risk investment option. As such, it’s filled with investors willing to take the risks in hopes of better returns. But is the risk worth it? We delve into the growth of online gaming and how it evolved into a popular investment option for millions of people out there.
Improved Licensing and Regulation
Before the late 2020s, it was a gamble trying to find a reliable casino. You either joined a platform designed to scam your money or a legitimate platform with poor management. Most countries around the world didn’t support the industry and often did little to protect players against fraudulent platforms.
Over the years, online gaming careened toward cooperation with governments and accepting regulation. The Caribbean Island of Curacao was one of the earliest nations to legalize gambling, forming a Gaming Control Board in 1996.
In Europe, Malta was amongst the first countries to legalize gambling. The Malta Gaming Authority was established in 2001 and aimed to prevent corruption; money laundering and crimes against players. The UK revised its gambling laws in 2005 and formed a gambling commission in 2007.
Gibraltar also gained regulatory authority, bringing the total of major gaming regulators in Britain to three. Alderney Gambling Control Commission was formed earlier in 2000.
Around the world, countries have been changing their stance on gambling in favor of legalizing it. From Canada to Australia, Costa Rica to South Africa, there are now more than 50 countries where online gaming is legal.
Better Online Security
Improved online security is a big reason why online casinos are a multi-billion industry. Back when the industry was illegal in many countries, cases of data leaking, hacking and malware acquired by visiting gambling platforms were rife.
In the mid-2000s, there became increased concerns about player safety. Online casinos increased security measures on their platforms, notably by taking SSL encryption serious. These days, no player can dare join an online casino without HTTPS encryption.
Online casinos also use additional security protocols to keep players and their data safe. Again, they cooperate with independent auditors that verify games for security and fairness. This refined attention toward online safety increased investor confidence, attracting millions of players and investors worldwide.
High Rated Online Casinos
Knowing an online casino is safe is great, but that’s not the only thing that attracts investors. People constantly evaluate gaming sites for their quickness at paying winners and resolving complaints. They want to get assurances their issues are resolved quickly, which is why they won’t invest in companies with poor customer support.
Throughout the world, there are online casinos highly rated for their games, reliable customer services among other things.
Whether investing in online casino stocks or investing in games as a player, the industry is much better than it was 20 years ago. Veteran casinos that prioritized greed over good services have been replaced by newer, better-managed platforms. The best casinos continue to increase worldwide, with some also venturing in sports bookmaking.
Innovative Game Developers
Regulation helps keep online casinos in check but the industry would have fallen long ago without innovative games. Almost all major online casino games support slots and table games developed by the same group of companies.
Microgaming, Netent, BetSoft, and Quickspins are the biggest online slots, providers. They also develop table games like blackjack and poker. Evolution and Authentic Gaming helps organize live casino gaming with gaming studios spread around the world.
There are more renowned casino game developers. Together, these companies are responsible for all the most popular casino games. They are innovative, they challenge gaming norms and adapt to change constantly, ensuring players are provided with wide varieties of games frequently.
Changing Attitudes towards Gaming
Gone are the days when people looked down on professional gambling as a career. In some places, people still have their reservations about online casinos. However, sports betting is more accepted worldwide, with major sports teams having financial partnerships with bookmakers.
The increased legalization of online gambling is further proof that people have developed more positive attitudes toward online casinos. The US, for example, now allows states to make decisions related to both sports gambling and online casino gaming.
States like New Jersey and Tennessee have already licensed dozens of bookmakers since May last year and more states are expected to introduce similar bills. Of course, there are still countries where online gaming attracts harsh penalties. But these days, you can confidently play and invest in online gambling with the support of other investors.
Adaptability to Technological Changes
Technology has been a huge driving force of online gaming industries since they were established. Whether it related to the security of customer services, game development or marketing, online casinos have always relied on technology for growth.
In game development, improvements in graphics designing, programming languages and device hardware all shaped up the modern games we have. When it comes to security, casinos naturally have to use standard security measures to keep thriving.
Unlike some industries, online casinos also have the goodwill to keep up with technological changes. When a trend that could help players emerges, casinos adopt it. They change their game formats, take inspirations from pop culture and try new technologies long before everyone else.
Online gaming industries haven’t always been great investment options for top investors. But over time, they improved through increased support by governments and technological changes. Serious investors launched gaming platforms and centered their services on players.
The results were that online casinos became a multi-billion industry that has attracted all sorts of investors. Of course, there are challenges in investing in the industry. But players mainly interested in gaming have lots of great choices.