A bigger threat to established gambling enterprises are online gambling opportunities and one of the main reason is that the cost of providing online gambling is close to zero meanwhile, running a casino is costly simply because they employ workers and require running a physical structure. The online gambling market does attract many people worldwide at low costs and does offer better odds and most of all command big payouts.
According to the latest news reports, the threat for new technology and immense uncertainty about what the entire gambling world will look like over the foreseeable future which influences the value attached to the casinos both physical and online. According reliable sources, a billionaire casino mogul launched a coalition last year to ban online gaming and gambling. His main concern was that it is not good for society and could hurt the traditional business casinos. The new reports further indicated that the Coalition for Consumer & Online Protection indicated that the ban would put consumers at risk and violate several rights. Since it is impossible to stand in the way of the internet, it would be best to embrace and shape new technologies in such a way that is safe for customers worldwide.
Thehill.com news, reported that the legislation to ban online gambling will soon be introduced to Congress. Reports further indicate that chances that the bill will face a firestorm of opposition from state lotteries, poker players, and major casinos that see a bright future for the online gambling and casino industry are great. Legislative language used for the drafted documents are titled the Internet Gambling Control Act.
Reports have indicated that more people continue to move towards the internet and mobile based devices. Countries such as Brazil continue to see an increase in mobile phone ownership and more than half of internet users in the country play online games and a lot of them are using mobile devices. According to the latest Global Online Gaming Market 2014 reports, the sector that handles mobile games are expected to increase rapidly with players increasing their spending dramatically on the games and other uses. Growth in the online is expected to be welcomed by internet casino game providers as the market continues to develop and adapt to new technology.
According to reliable resources, it has been reported that the Vegas Casino is the latest mobile casino will be launched in early 2014. With over 25 casino games that will be available on mobile devices, Android, IOS, and all sorts of new devices that are available. The features include slots, bingo, and casino and arcade games. Their software designers have retained trademarks and features of PC based games while in the process of making the transition to the mobile platform. Latest encryption technology for maintaining player confidentiality including the protection of any information and the security of online transactions made by players is all intact.
This is an indication how stiff the competition is out there in the casino and gambling market.