For the first half of this year, I have been very concerned with the future outlook for the Gambling Industry in 2021. In the last six years since the credit crisis, many international financial institutions have either frozen gambling, shut down operations, or made significant upgrades to licensing requirements. This leaves a very small percentage of the world’s gambling population that has access to these markets, and there are several very real risks that affect these players that have not yet been considered. In this article I will highlight some of these risks, as well as discuss some potential solutions to the challenges that exist in the gambling industry.
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The biggest risk to the Gambling Industry in the next five years, according to my calculations, is the rise of mobile betting and internet gambling. In my opinion, if any of the three major players behind the online casinos, Google, Yahoo, and Microsoft, can find a way to successfully tie their operating systems to live casinos they will go far in their growth. I also believe that due to the increasing complexities of the U.S. financial regulatory framework for the online gambling industry will continue to expand into new and unfamiliar markets. This is a very important issue that should be discussed in the next few articles.
As previously mentioned, the most important issue that should be resolved in the next five years for the Gambling Industry is whether there will be a consolidation of gaming device processing equipment and the associated software across the different online gambling platforms. This technology is becoming increasingly important to the players of all the different casino sites entering the market. In my opinion there is no reason that the new players entering the market will not be able to interface seamlessly and effectively with the gaming systems of the past, and there is no reason that they shouldn’t be able to. However, with the additional capital required to fund the gaming platform companies and the additional programming power needed to support these companies I feel that the future of the game will still require the integration of state of the art equipment and software to deliver an even higher quality experience for players. Please consider all this in 2006.