The Future of iGaming: Impact on Slot Providers

In the last few years, the online casino industry has achieved a lot in terms of covering new territories, developing appealing game features, and generally making entertainment accessible to people. But as more money is getting involved (this is visible in Europe), regulators tend to tighten the belt by imposing new stipulations. This influences all participants of the market: game studios, operators, and players.

To keep the gambling business up and running (not only in Europe) or ensure a successful start of a new project, 2WinPower offers a detailed guide on current and upcoming changes in the industry.

Regulatory Changes

iGaming legislative measures are tightening in different destinations across the world to ensure the lack of scammers and unreliable companies. However, as restrictions become more intense, it influences the existing organisations on the market. First of all, this concerns content creators. Adaptation of hundreds of games to new regulations can be complicated for small and medium companies that are on the market.

On the other hand, the selection of software providers by operators is becoming more meticulous. It is beneficial to select a content supplier that can undertake the heavy lifting to avoid compliance issues.

Recently, European regulators have adopted new changes regarding:

• bet caps;
• slot reels rotation speed;
• notifications;
• spending reports, etc.

This has a substantial impact on game development. Programming engineers and designers have to adjust to new regulations. This has already made the creation process unrecognisable from what it looked like in 2018–19.

A much bigger influence on such changes is the global expansion of the iGaming industry. Since it becomes complicated to enter the European market, game developers (and operators as a result) investigate and work towards other destinations. This is why such areas as Latin America are intensely trying to adopt new gambling regulations in the last few years.

Importance of B2B to Regulators

Grey or black markets in the country harm the gaming industry significantly. The lack of regulative measures and market participants incentivises players to access gambling sites that do not have proper registration within the country. But with adequate legislation and an acceptable entry threshold, providers can start offering their services to operators who will work towards creating a favourable gaming environment for players.

Software producers ask themselves a set of questions before deciding upon entering the jurisdiction:

1. How complicated is it to start in the state?
2. What are the most beneficial business opportunities there?
3. Is the competition open or are rivals holding the market?
4. Are there distributors that would benefit from the offered product?
5. Is it more lucrative to enter this area than to work in a current region?

Revenue potential and simplicity of operation are the two main criteria for a content creator in the market. For example, Italy and Spain have recently made it easier for game developers to offer their services to operators. As a result, bigger diversity in online casinos incentivised new gambling brands to appear, leading to more tax deductions and industry growth.

The Future of Slots: What Is Next?

Since Microgaming released the very first virtual spinning machine in 1994, there have been two major milestones in the lifespan of gambling entertainment:

1. Country-specific regulations allowed adjusting gaming content for particular regions and receiving much better profit due to local peculiarities.
2. Mobile wagering opened a completely new niche in the casino industry, significantly scaling player coverage and boosting revenue.

The next shift in the area of slots might not be as impactful for players. Up to 2030, economic viability will be the driving force of various improvements. The change in brands, their volume increase, ROI, and fundamental perception of the industry will make a huge impact on the iGaming area.

The cooperation between software providers and operators will be marked by the following essentials:

With the presence of so much content on the market, it becomes more complicated to stand out from other companies. Eventually, the economic influence will make weaker brands adjust or disappear due to the necessity to invest more. Experts wait for this to be the iGaming dynamics of the next few years.

Potential State of the Industry

Even though so many changes are happening right now in the gambling sphere, it may lead to the period when entertainment reaches its culminating point. One of the most vivid factors here is the presence of multiple awards that different software brands boast of. Their variety devalues the entire concept of owning them, meaning operators are no longer impressed as much as they used to be a few years ago.

For a long time of industry development, a lot of iGaming experts have been shaped within the sphere. While they are good at implementing the same gambling aspects in their software, the concept of innovation is also becoming obsolete. A possible way out here is to involve more people outside the iGaming sphere to diversify and spice up the future content and its features.

The Main Things about the New Era of Slot Content

Changes are inevitable in the gambling industry in recent times. The ability to adjust to them is equally relevant for software providers and operators. The understanding of modern trends, economic direction, and development of regulatory measures makes the difference between a profitable and loss-making gambling business.

The key aspects of the slot evolution in the near future:

• iGaming legislative measures are tightening in different destinations across the world to ensure the lack of scammers and unreliable companies.
• With adequate legislation and an acceptable entry threshold, providers can offer their services to operators who will work towards creating favourable gaming environments.
• Revenue potential and simplicity of operation are the two main criteria for a content creator in the market.
• The next shift in the area of slots might not be as impactful for players since, up to 2030, economic viability will be the driving force of various improvements.
• Even though so many changes are happening right now in the gambling industry, it may lead to the period when entertainment reaches its culminating point.

Starting an internet casino with well-thought-out slot machines now is a lucrative way to initiate a successful business activity. To ensure a foolproof launch of the project, operators are highly recommended to resort to professional assistance.

2WinPower is an experienced gambling aggregator, consisting of proficient experts in each department. We will help you become a renowned gaming market representative without overpaying.