First let’s start with some history. The emergence of online casinos dates back to the 1990s when the first online gambling sites were created. The first online casino games were relatively simple and mainly consisted of slot machines and table games such as blackjack and roulette.
Over time, online casino sites began to develop and offer new games and features such as live dealer games, online poker tournaments, and progressive jackpots.
The emergence of online casinos revolutionized the gambling industry as it allowed players to access casino games from their homes or offices. The accessibility has been a first huge progress. Online casinos are available 24/7 from anywhere with an internet connection.
Additionally, they also offered a greater variety of games than traditional land-based casinos. Players could find hundreds of different games in one place, and online casinos often offered exclusive games that were not available in classic casinos, but also, for the first time, bonuses and promotions.
The security has also been a strong step forward. Online casinos now use advanced security measures to protect players’ personal and financial information and ensure fairness in gameplay.
Today, igaming is a multi-billion dollar industry, with thousands of online casinos operating around the world. According to a report by Grand View Research, the global online gambling market size was valued at USD 53.7 billion in 2019 and is expected to grow to USD 128 billion by 2028.
As it used to be, the online casino market remains at the forefront of innovation. Its DNA is to explore. The igaming industry innovative character now comes from its determination to integrate advanced technologies such as VR, metaverse or crypto. Online casinos want to offer their customer more innovative and immersive experiences. VR technology is increasingly used to offer an interactive environnement. The player can move around the virtual casino in a totally immersive experience. This technological innovation allows players to interact in an animated universe, and offers the ability to feel real emotions as in a land-based casino. Cryptocurrency is also becoming a real opportunity for the online casino industry, which wants to take the turn before anyone else.
This industry has always been forward-thinking and is still looking for new ways to innovate. TLF is also in a period of transformation, with the desire to be ever more innovative. You will know more in a few months.