Future Trends and Upcoming Developments
Players are always on the lookout for new and exciting updates from their favorite casinos. Whether it’s introducing new games, new promotions or just rearranging the casino floor, players need to feel as if these casinos are giving them something new. If players are continually seeing the same old things, they’re most likely to take their bankroll elsewhere. And the same goes for the casinos themselves. It’s no secret that the casino industry is extremely competitive. These casinos are all competing for the same players, they need to do whatever they can to attract them. That means constantly coming up with new ideas, new developments, new technology. If they don’t, then they risk falling behind their competitors - or even worse, going out of business.
Today, we’re going to dive into some of the things casinos are doing to keep their business fresh, and what players can expect the next time they walk onto the casino floor…
Technological Innovations in Casinos
Casinos have come a long way in terms of technology. Gone are the days of the ‘one armed bandits’. Walk onto a casino floor now and technology is all that you see. The lights, the sounds, the gameplay. Technology and its innovations have always been pushing the casino industry forward. Players want newer and better games, so it’s up to the casinos to offer them. Let’s take a look at some of the latest technological innovations and advancements in casinos today…
Online Casinos
You can’t talk about technological advancements and casinos without mentioning the elephant in the room - Online Casinos. This has brought the experience of gambling to millions of players who otherwise wouldn’t have the opportunity to gamble. It’s the biggest technological advancement to hit the casino world since - well - it began. It also has disrupted the industry. The classic casinos now have to keep on their toes and offer players more and more incentives for coming to play there. Why would a player spend money on travel and hotels when they could simply sit at home and gamble? Online casinos are also bringing in their own technological advancements with the implementation of Live Dealers. This technology allows players to get the excitement of a Live Dealer on games like roulette and blackjack from the comfort of their own home. It’s just another advantage to online casinos, and why they won’t be going anywhere anytime soon.
Artificial Intelligence
Artificial Intelligence - or AI - is bursting onto the scene in big ways. And one of the industries that is experimenting more and more with AI is, of course, the casino industry. We all know that casinos thrive on customer relations. They want to make their players the happiest and most comfortable so that they’ll continue coming back - and coming back spending money. One of the ways casinos are now doing that is by implementing AI. Customer Service is one of the most important aspects of any casino, and more and more casinos are using AI as a means of customer service. Human reps can only do so much and they can’t be everywhere at once. But AI can be. It can answer multiple customers’ questions at once, do multiple tasks in a fraction of the time, and also make it all personalized. And the more advanced AI gets, the more personalized it will become. It will know players once they walk onto the floor and direct them to where their favorite games or favorite restaurants are.
In terms of the casino itself, AI can help determine player trends and which games are worth having on the floor. The ability of AI to digest millions of bits of information is something that humans simply can’t do. With this ability, AI can tell casinos which games are working and which aren’t, which are more popular, and even where games should be located on the floor. This will help casinos choose games and make for a better player experience when it’s all said and done.
AI can also be utilized for security purposes. It’s no secret that people will always be trying to cheat the house, and casinos will always be trying to prevent it. But it’s going to happen. With AI, casinos now have an even stronger tool for detecting fraud and cheating, which helps prevent it and makes for a better player experience who the players who are there to have fun.
Virtual Reality
Virtual Reality - or VR - is an exciting new technology that is still in its infancy but is quickly becoming a game changer. This is primarily a tool used for online casinos, but more land based casinos are starting to incorporate it into their product. This technology basically brings a whole new meaning to the term ‘immersive gameplay’. But when playing a VR casino, players are instantly transported from their home to the casino floor. They can interact with other players, and play games just as they would at a real casino. It’s taking online gambling to a whole new level.
Land based casinos are beginning to offer VR as a way to spice up a player’s gaming experience. While it may be for a particular game, for now, players can play a VR game at a land based casino and be transported into whatever theme the game is. Playing a horror themed game? Well, if you’re playing a VR version you’ll feel as if you’re standing in the haunted house. Playing a dinosaur themed game? In VR you’ll see dinosaurs walking right past you. Adding these features will get players talking amongst themselves and have them returning to the casinos so they can enjoy these advancements as well.
Cryptocurrency
Cryptocurrency is the disrupter of the financial world. But it’s also a technological advancement that’s helped the casino industry immensely. By allowing players to use crypto to play with, this opens up a vast new field of players. Many players are hesitant to use their credit cards when depositing money to gamble with. But by using crypto and its blockchain technology, that fear is immediately gone. This allows for a more secure and safe form of depositing, and players will more than likely return to play at casinos that use crypto. It’s vastly becoming the preferred method for players, so any casinos that aren’t accepting it will be left in the dust.
Upcoming Casino Launches and Expansions
Online casinos are constantly updating and adding to their sites. Whether it’s new games or the addition of Live Dealers or Sportsbooks, they’re constantly giving players new and exciting options. As for land based casinos, there are some exciting new launches and expansions happening that we’ll touch on. With more states making gambling legal, more and more casinos are being built as states quickly look to capitalize on the massive amounts of money that casinos bring in…
Caesars New Orleans
A few months ago it was announced that the Super Bowl would be played in New Orleans in 2025. If you’ve ever been to - or watched - a Super Bowl then you know the massive amounts of money it generates. In order to take advantage of the influx of visitors, Caesars New Orleans is planning a pretty big expansion to its entertainment and leisure facilities. They’ll be adding a 15-floor hotel and expanding their already existing casino floor. It’ll sure to be a beautiful addition to an already beautiful casino.
Choctaw Nations Opens New Casino
The Choctaw Nation - one of the leading Tribal developers - has opened its newest resort in Oklahoma - Choctaw Landing. This beautiful resort, located in Hochatown, Oklahoma, will offer conference services, a pool, concert space, cultural entertainment, and of course - plenty of the latest casino games.
- Churchill Downs Inc Opens Expansion In Indiana
Churchill Downs Inc. has recently opened the doors to the casino expansion at Terre Haute Casino and Resort. The expansion is around 400,000 square feet and features multiple bars, restaurants, and gaming floors. It’s sure to be a hit with players.
Shifts in Player Preferences and Market Dynamics
It’s no secret that people’s preferences change. That’s true in gambling and in life. Players don’t want the same old stuff. They are going to change what they like, want to test new things, try new games. They don’t want the same old same old - that gets boring. It’s up to casinos to keep up with these changes and continually offer players new and exciting things to meet what players want.
- Legalization Of Gambling
This is one of the biggest changes to the market dynamics within the gambling industry. As we mentioned previously, more and more states are seeing the lucrative benefits of allowing gambling. What once was relegated to places like Las Vegas and Atlantic City can now be enjoyed in Indiana, Oklahoma, Pennsylvania, and a number of other states. This gives players way more options than they had before - and that’s a good thing! With so many choices, casinos and states are going to have to keep their offerings fresh in order to keep players coming back. We know players want new things. If a casino in a neighboring state is offering better games or promotions, then a player is more likely to travel there to enjoy those benefits than stay at their local casino. As more states legalize gambling, the more choices players will have and it will only benefit all involved.
- Sports Gambling
Sports Gambling has been one of the - if not the - biggest shift in player preferences. The legalization of sports gambling has had a lot to do with it, but it’s also just player preference. Players who used to stick to card games or slots now prefer to get their action with sports. Sports gambling offers a different kind of excitement, one that can’t be matched by playing blackjack or slots. This has made casinos offer better sportsbooks and better promotions in order to attract players.
Online Gambling
You can’t talk about changes in player preferences and market dynamics without talking about online casinos. These have shaken up the casino industry more than anything else. The ability to play at home, use crypto, and get the same experience as a land based casino has changed how players gamble forever. Some players will never go back to a land based casino. They see saving money on travel and hotels as more money to gamble with at an online casino. Some players will never use an online casino. They don’t see them as “real casinos”. The birth of online casinos has really split the “new” and “old” types of gamblers. At the end of the day, players are going to gravitate toward the kind of games and experiences they prefer. If that’s sitting on the couch and playing slots on an online casino then that’s what they’ll do. If it’s walking onto the casino floor and sitting down at a blackjack table then they’ll do that. Each brings its own set of advantages and disadvantages. It’s up to the casinos - both land and online - to keep their players happy and coming back.
Conclusion
There has been a lot of change within the gambling industry in recent years. But one thing we can agree on is that a vast majority of these changes and advancements have made things better and easier for players like us. Whether it’s the technological advancements that make our gaming experiences better, more immersive, safer, and just overall fun, the expansions seen across the country, giving us more choices, or the shifts in market dynamics that allow us to try new things and get new offerings from casinos, it’s all to our benefit. Being a gambler can be stressful at times. But as we see, there will always be casinos trying new things, adding new and exciting games and activities, and looking to better the overall gaming experience of their customers. It’s because of this that we as players are the ones who benefit the most, and why gambling is one of the most exciting things to be offered today!