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How Cutting-edge Technologies are Transforming the Gambling Industry in 2020
The increasing application of facial recognition technology is a major transition happening in the Gambling industry. Facial recognition technology can recognize a face from a very long distance, and with its high accuracy, it can precisely identify the cheating done using glasses and hats
Fremont, CA: With the ubiquity of technology, it is hard to find an industry today that is sustainable without a digital footprint, and the gambling industry is no exception. Cutting-edge technologies are playing a pivotal role in the development of the gambling industry and have made it worth more than $500 billion. The industry is growing at an exponential rate, thanks to technologies such as hybrid games, augmented reality (AR), virtual reality (VR), and artificial intelligence (AI). Moreover, today, online casino platforms offer players remote access to the game from the comfort of their homes.
While cutting edge technologies are indeed giving a facelift to the industry, slot machines are still prevalent in this digital age. It’s hard to find an online gambling website that does not have at least one classic slot or video slot option. The major automation the gambling industry has had was the creation of slot machines, and the very slots are pretty much prevalent in this online gambling era.
Notably, the introduction of hybrid table games has caused ripples in the gambling industry. This combination of online and land-based casino games where the experience of slot machines is combined with a live dealer on hand is attracting new customers and retaining the existing ones. The increasing application of facial recognition technology is another major transition happening in the industry. Facial recognition technology can recognize a face from a very long distance, and with its high accuracy, it can precisely identify the cheating done using glasses and hats. Radiofrequency identification (RFID) and global positioning system (GPS) are also leveraged for the identification and reception of players.
Similarly, mobile applications have changed the face of online betting today. According to sources, the bets placed through mobile phones have hit $100 billion, with more than 165 million people using mobile phones to visit mobile casino apps or websites to place bets or buy lottery tickets. AI is extensively leveraged to efficiently streamline the backend processes of these gaming websites and applications. Likewise, the use of AR and VR technologies in gambling is increasing the engagement of players and enhancing the viewing experiences, which is further driving the demand for gambling services. These technologies can also be used to improve the casino live gaming experience by combining virtual objects with the real world. By relying on a variety of systems and technologies, the gambling industry is propelling towards a better and safer direction.