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Esports, daily fantasy sports, and the online gambling industry continue to grow at a fast pace as technology matches forward. The innovative products that this digital renaissance has generated allows gaming to consistently improve their offerings. But, this doesn’t mean that they’re done yet. Virtual reality, or VR, is expected to be the largest game changer in the online gaming industry yet – mostly because leading gaming and software providers like Microgaming and Playtech continue to invest huge sums of money into developing virtual reality games, especially when it comes to online slots.
These reputable online casino gaming software providers are responsible for powering some of our favorite online casinos like Euro Palace. This innovative site allows gamers to partake in their favorite casino games (as well as their variations) from the comfort of their own homes. Furthermore, with Euro Palace mobile, it’s possible to play these games while on the go, even while lounging by the public pool.
And,what’s more? You don’t have to forgo any bonuses or promotions that you would be privy to on your desktop. That’s right! Playing on Euro Palace mobile not only lets you play from virtually anywhere you wish, grants you access to a large majority of the games available on the regular site, you can also gain instant access to many of the same promotions and bonuses.
Markets and Markets has estimated that the PC virtual reality market in 2016 will be worth approximately 3 billion dollars and this number is expected to grow significantly and increase to 16 billion by 2020. Online virtual reality gaming has also grown at a quick pace over the past 5 years but, physical casinos continue to do well because the online experience isn’t as good as the overall gaming experience.
As a result, a variety of providers like Oculus Rift, Game Account Network, and Casino-VR are in the midst or have already created, virtual reality services and products that will help online gamers get the full casino gaming experience while they are playing from home. Some of the innovative virtual reality products include VR headsets, 3D gaming technology, VR online casinos, VR gaming consoles, VR mobile apps, and VR glasses.
Dermot Smurfit, the chief executive of Game Account Network said recently in a statement that the ability to play genuine casino games using virtual reality for real money will close the gap between the gaming experience that one can have at a brick and mortar casino and the two-dimensional experience that one can have at home on their mobile devices or traditional personal computers.
Virtual reality technology is easily used in online slots. In this way, it’s possible to provide a similar experience to the live dealer games but with an even more realistic element. There are also a number of casinos that have begun experimenting with virtual reality in their online games but, they have not yet become mainstream in the worldwide gaming industry. In addition, large corporations like Samsung Gear VR, HTC Vive, and Sony Playstation VR are all in the process of creating and releasing a variety of virtual reality products for the game industry. Wouldn’t that be great?
The largest concern for virtual reality products at the moment, in terms of the gaming possibilities, may be the price of the devices. In short, the majority of virtual reality products cost a pretty penny, somewhere around $300, dependent on the brand of the product. Because of this, a large number of gamers can not try out virtual reality technology for themselves because they don’t have the funds available to invest in these type of products.
In a recent report by Goldman Sachs, it was stated that the coming years will change (technology-wise) as virtual reality becomes more affordable and is able to attract a larger Global Market. This same report estimates that the global virtual reality Market will be around a hundred and ten million within the next 10 years, and personal computer virtual reality will amount for approximately 62 billion of this. Virtual reality gaming consoles will be responsible for another 14 billion dollars. Gaming providers that are interested investing in virtual reality are expected to Target Gamers ages 20 to 35 in the next couple of years.
What do you think about the future of virtual reality gaming – especially in terms of online casinos? Are you looking forward to the transition. Share your thoughts in the comment section below, we would love to hear your thoughts.