The casino industry is one the fastest changing industries online. We have witnessed several innovations over the past 20 years, with live dealer games, mobile casinos, and progressive jackpots being three examples. As we move through the 2020s, it is an exciting time be involved in the online casino industry and the latest trends and innovations are tremendous.
Cryptocurrency has influenced many online industries, but online casinos have led the way in terms of crypto adoption. Regular online casinos have started to accept cryptocurrencies as a payment method, and we have seen the rise of dedicated online crypto casinos. The crypto casinos offer fast transactions, low fees, great security, and anonymity when playing games. In addition, being based on the blockchain, all transactions are recorded and that means complete transparency when playing online casino games.
We already have access to virtual reality casino games but the next step in virtual reality casinos is extremely exciting. Imagine being able to walk through a busy casino, with people chatting, the murmur of excitement as the roulette wheel spins, a choice of games, and choosing to sit at a table to play a game of blackjack. All that could be possible with the use of virtual reality, and it will be as close to the real thing as possible. As virtual reality online casinos develop, interacting with other players in the casino could be the next step and one of the greatest innovations in the history of the industry.
The use of artificial intelligence in the online casino industry could lead to the most personal experience ever witnessed in online gaming. AI algorithms can be used to detect how each person behaves when playing online casino games and tailor the experience to their exact specifications without having to ask a single question. When logging in to the online casino, if a user regularly enjoys playing a specific genre of slot game, they will be offered slots to play based on the same theme. The casino could offer a free spins no deposit bonus to tempt the player to keep playing on the slots. AI is also being used to detect fraud and is the next line of defence for online casinos in preventing problem gambling, which is extremely important.
Mobile casino gaming is a massive business, and we expect smartwatch casino gaming to be the next big thing in the industry. We already have come form of casino software operating on wearable devices and it is possible to play a small number of games using a smartwatch. However, we expect that to change over the next decade, with online casino game developers creating games which are designed for wearable devices. This will not necessarily take players away from using their smartphones to play casino games, but it will provide an extra option, especially for those who want to enjoy playing a casino game but only have a short amount of time.