The casino industry generates income from people who engage in gambling. It is due to the social and economic stigma attached to gambling in a casino that this is generally regarded as a negative activity in many countries and hence considered illegal to operate in certain geographies. Owing to these reasons, the casinos are mostly concentrated in and around tourist destinations and are usually built near or are combined with resorts, restaurants and cruises. The global casino industry grew rapidly in the past two decades and nearly doubled its revenue over the last decade from $100 billion (2006) to $171 billion (2014), this was primarily due to the legal approvals of casinos by several nations.
Countries like the UK and USA have far more relaxed rules regarding gambling than other nations, especially those in Asia. It is ironic that the most demand for gambling services comes from Asian nations, which have the strictest rules regarding these options. Operators such as Platin Casino UK have a lot of freedom to operate today, and this is also quite a change from the situation from around 10-20 years ago. There have been several other changes and quite a lot of evolution in the industry during this time which we will try and explain further.
First and foremost, the addition of new games has had the biggest impact on the evolution of casinos over the past few decades. Classics like poker, real money blackjack, and roulette have endured the test of time and remain some of the most popular on the floor. However, in 1894, the slot machine was introduced, and it has changed everything about the industry. Due to their extremely high volume of spins, slot machines are a major money-maker for the house. In the time it takes to play three blackjack hands, a player might go through 30 rounds on the slot machine. This alone makes it a valuable part of any casino business. It might be hard to stomach for the true casino purists, but today’s casino floors make slots the star of the show, and they occupy a significant amount of square footage. In addition to slots, newer, digital versions of some classic games have gained popularity in recent years. For example, video poker has become somewhat of a breakout star since 2000. Some players say the game is easier to control than a real hand of poker.
Perhaps the biggest change that has happened in the gaming industry can be seen in the accessibility of casino games, and betting in general, over the past 10 years. Now, to be clear, accessibility has been increasing dramatically for some time now. Whereas in the mid-1900s you might have to travel to the next town over to find a gambling establishment, casinos of all sizes are popping up in states across the country. Today, there are just under 1,000 casinos in the US, and nearly everyone can get to one within an hour or two. With that being said, physical casinos are not the cause of the explosion of participation in casino gaming, that belongs to other platforms like online gambling sites. Every single person with a smartphone over the age of 18 now has a legitimate, safe, reliable, and ultimately fun, casino right in his or her pocket. Just about any game you could hope to find on a real casino floor is now available right in the palm of your hand.
The bottom line is that the technology that enables gamblers to play through mobile devices is only going to keep expanding in the coming years. If handled properly, this can be a tremendous benefit to both the casinos and the players.