Article 17 – Is online poker bouncing back?
Ask an online casino industry analyst what they think of online poker and odds are you will get a diatribe about how the industry is dying. Problems had become rife in the United States, with three of the world’s biggest names being raided and subsequently shut down on the other side of the Atlantic. Profits headed south and membership levels justly did the same. Many had written off the industry entirely, with poker being labeled as more as a novelty within an online casino rather than a necessity. But statistics show that online poker is currently in the midst of a turn around, so was the industry written off too soon?
Depending on whom you listen to, the industry has tailed off more than 20%
…show more content…
In many ways this caused several to lose focus with regards to the direction of their business. The approach in 2015 has been to streamlined and get back to basis. Many high-profile mergers have taken place, while operating costs have been cut dramatically in order to push forward increased growth. Europe is experiencing the largest amount of growth in the field of online poker, as while 85 nations around the world offer up online poker, 40% of the world’s online gaming revenue comes from the continent. According to the latest report from the European Commission, the online gaming industry is now worth a staggering $14.7 billion with Europe. In fact, the resurgent in online poker player has helped contribute to the 15% growth within the EU betting sector. The United Kingdom is now the leading gambling market in the Europe, with many other countries slowly seeing their business turn around. It seems while the brick and mortar industry has struggled on European shores, the online casino gaming industry has managed to find its feet.
For the past several years the online poker industry has been the ugly duckling of the online casino landscape, just visit any casino portal to see truth of that. After being a mainstay for years, increasing regulations in the United States meant that the game fell out of favour. But after entering a state of recovery,
…show more content…
But unlike other operators, 888 Casino has truly gone back to the drawing board. Breaking down their usual online casino offering and rebuilding it with Arabic players in mind, it now represents something of interest to that part of the world. Not only that, but they’ve also readdressed the sign-up bonus (to the joy of online casino portal users) to make sure there are plenty of incentives on hand to draw in new players. With a market-targeted platform, big bonuses, and plenty Arabic inspired games, 888 Casino is making viable play to become the number one online casino in the
Slots represent the online casino world at its very best more often than not. Innovation is abounding, with production values and gameplay now taking strong inspiration from the video game industry. While the aforementioned does a great job summarising the industry, it doesn’t necessarily mean that every game that emerges is a hit. In fact, it seems for every online casino portal critical success that is released two or three less than popular titles come along with it. Amongst the hidden gems of the online casino world, what you are likely to find is some truly weird titles that will definitely leave you scratching your head. Having seen it all over the years, we have compiled the list of what we think are the 3 weirdest online casino slot games you are likely to come across.
Instadebit is a well established Canadian-based payment processing company that facilitates customers having the ability to make payments for goods and services over the Internet. The company's headquarters are located in Toronto. At this point in time, the company's payment services are intended for use by customers living in Canada, though this payment option has started popping up on iGaming sites in countries like Australia. As an online gaming payment option, it should be attractive to online gamblers, who are always looking for a fast and efficient way to send money without a credit card or disclosing personal information to their online casino. It's up to the gambler to verify with their online gaming site as to whether
The gaming industry has also been trying to adapt to the change in demographic with adopting new technology in gaming. “The old one-armed bandit has all but disappeared from the modern day casino. When a new slot machine game is released, the pull handle is rarely used. Even push buttons that had replaced the pull handle is being used less and less. Now games are using touch screen technology to replace the push button. These advancements are used as a lure to a younger demographic that has seen advances in other industries such as telecommunications and video games and the gaming industry are trying to leverage similar technology to attract this demographic”. Baca,N (2013, Nov) I-Team: Technology Trumps Traditional Casino Gaming, 8newsnow.com, Retrieved from: http://www.8newsnow.com/story/23895056/i-team
When choosing to gamble their hard-earned money and although most do not believe they are going to win, consumers are spending their money on the emotions and feelings the activity of gambling conjures. Consumers gamble because they want to feel the high of an adrenaline rush, escape the pressures of their daily lives, and feel as if they are engaging in risky behavior without actually betting their life in exchange for the rush. The feelings of exuberance and anticipation are most of the package deal in which consumers invest when they make the decision to bet their money inside a casino, or in any other gambling environment. Although consumers know the odds are not stacked in their favor for significant monetary gain, the feelings and emotions that result from gambling are huge market drivers for the gaming industry.
These days the casinos have their own internal methods for determining who their most attractive customers are, casinos are using various methods such as loyalty cards, cameras watching players faces, or even ATM withdrawals to track how much someone is playing and if they will be profitable to the business. All this information allows the casino to specifically target their most reliable spenders and then lure them back with perks. This continues to build the players addiction and fakes them into believing that their gambling is paying off. (Rosengren, 2016) This really works in the casinos benefit because it all looks so good that people are repeatedly drawn in, and then eventually cannot stop. Acording to Rosengren (2016), another method is:
The gaming industry has been changed a lot over the last few years. So for those markers who working in this industry, it is important that they should evolve with the changes. A recent survey from the Global Gaming Expo (G2E) indicated that 77% of casino marketers said advancements in the last 10 to 15 years have dramatically changed the way they interact their customers. Furthermore, a full 95% of the same respondents believe casino marketing programs will undergo “much more” (68%) or “somewhat more” (27%) change and development during the next 10 to 15 years compared the previous decade (V12 Group, 2012).
Gambling has been a part of America since the beginning, but the problems caused can go unnoticed. Four to five percent of American teenagers, ages twelve to seventeen, have a gambling problem, and an additional ten to fourteen percent are at risk for obtaining an addiction (ncpgambling.org). Gambling is starting to get out of control in America. Americans are spending too much time and money on a silly game they most likely will not win. Casinos make their money from the losses of Americans and stay open that way. Casinos milk money from people in exchange for a couple of gaming chips. Although many Americans support legalized gambling, others believe it should be illegal because it promotes terrible addictions, increases illegal action, and
New players who not are sure about the other features or options that are available for them may get the information that they need. Online pokies players may read the F&A or check the help section so they may know how to play the game better. They may not have more chances at winning by doing so but they would be able to enjoy the online casino games more. Online casino players also have to register and play only through websites that are safe and secure. People who would like to try do not have to worry about losing their money right away. They may play for free or they may play for real. What matters in the end is that they are able to have fun spending their time online.
...te fiscal stress. Nowhere is this more evident than in the U.S., as numerous states are in the process of or are currently considering legalizing casinos. A similar pattern can also be seen in countries across the globe. The purported economic benefits from casino gambling include tax revenues, increased employment, higher wages and payments to capital, and enhanced economic growth. These benefits, should they occur, are not necessarily without costs. For example, the casino industry may partially or entirely “cannibalize” other industries. In addition, a small percentage of gamblers may exhibit “problem gambling” behavior. Such people are believed to cause significant social costs. The analyses of these benefits and costs of gambling –the economics of gambling –is a young field of research, with only a handful of researchers actively researching the various issues.
People suspect the growth of this competitive scene is due to the gambling aspect of gaming. In 1994, the Kiplinger Washington Letter stated, “Gambling will be the fastest growing industry of the Nineties.” This statement is very true and applies to competitive gaming as well. As soon as you enter the world of competitive gaming, it's nearly impossible to leave. The industry of competitive video gaming has been up and coming, but now it is at it's peek. The world around us is changing every day, similar to the world of competitive sports, but the world of competitive gaming is here to stay.
...never stop. Some people believe that gambling is a natural need, and that it teaches people to take risk every once and a while (2). The main problems with online or any gambling is that people don’t take it seriously and some take it very seriously and some times ends up in death or beatings once one thing illegal happens then there are more to follow. It’s hard to find a person how did it because it was normally hidden because it was an illegal activity. Throughout this piece I described the three main types the laws that try to prevent online gambling and the ways around it. I myself love to gamble. I really don’t do it over the Internet, I prefer to go the site and gamble. Maybe that is my way of saving money some times, the Internet seems to easy to just not really care about or really realize what they where doing with there money. Like I said before it’s your money, as long as you have it, do what you want with it.
Gambling is described as the betting of money or property on the result of an event or game that is mainly random with the desire to win more money or gain additional property. The industry or sector created by the activity of legal gambling is referred to as gaming. Since inception, gambling and gaming has continued to develop to an extent that it worth more than $335 billion across the globe. Most of the revenues obtained in this industry are generated by casinos and lotteries. In the past few years, gambling and gaming have attracted significant concern and controversy, especially with regards to the morality of the practice and whether its financial benefits outweigh the damage. While proponents of gambling
The modern casino is like an indoor amusement park for adults; the thrill of gambling, entertainment, and staying in a luxurious hotel is an experience desired by many tourists and it brings in billions of dollars in profit every year. A survey conducted in 2009, found that about 65 percent of Americans thought of the casino industry as being a vital and important factor to the overall U.S travel industry (“U.S commercial casino industry”, 2010). As conditions in the marketplace have changed, the gaming and gambling industry has increased its reliance on the lodging industry to bring in more revenue by attracting more gamblers to casinos (Walker, 2013). Even though the gambling and casino operations segmen...
23 year old, single mum Jessica says that for her the enjoyment from playing online comes from the fact that it gives her a break. She said, “Between work and the kids I need to find a little me time. I had tried for ages to try and get into the likes of poker and blackjack but couldn’t do it”. She proclaims that slots are perfect for the time she has available, “Online slots are quick and simple. All I ever need to do is load up my phone, login to my online casino account, and start playing”.