How Technology Has Changed The Singapore Online Casino Industry
In the last decade, there has been a sea change in the online casino industry.
15:15 18 October 2021
Today, the online casino industry in Singapore is led by four large players namely, Perfectly Games, Playtech, Webworld and Party Gaming. They form an alliance called Ascentia that aims to bring gaming to the masses through the Internet. To understand how the industry is changing you would have to go back to the very beginning. That was in 1990 when a young Mr. Lim Boon Soh came up with the idea of a Singapore based online casino.
Mr. Soh believed that this would be the key to making the online casino Singapore industry boom in the country. His plan was to build two casinos in the country to cater to the needs of the public. Later, the government encouraged him to expand his business to include other services such as an ATM network, money transfer, and an electronic payment system known as Paypal. Today, the online casino industry in Singapore is the fourth largest industry in the world.
Here are Some Of the Technology Facts That Changed the Gambling industry in Singapore
How technology has changed the online casino industry is best seen in the development of the Internet itself. Since then, there have been leaps and bounds made when it comes to information and communication. This has given birth to online banking and ecommerce which has altered the way people do their banking by giving them more choice and accessibility to safe, reliable and fast services. More people choose to transact through the Internet. The demand for safe, reliable and speedy Internet services has now reached every household in the country.
- The Use of Advanced Softwaresand Online Platforms
How technology has changed the online casino industry is also reflected in the software that is being used. There are now casinos that use Flash, Java, and other technologies that can deliver a rich gaming experience through the web. Online gambling has become all the rage because the experience is more enjoyable when played online rather than in a real casino.
- Live Broadcasts
Another thing that has enhanced the online gambling experience is the integration of video poker with the traditional Blackjack games. Betting games such as Roulette and Baccarat are getting more exciting because of the added interaction. This interaction not only gives players a chance to win, it also keeps them coming back for more.
- Enhance Games Development
How technology has changed the online casino industry can also be seen in the way the game developers have designed the games. Some games are now free to play on the internet. Before, the developers of the casino needed to license the games so that they can be played. With the introduction of online gambling sites, this need has been eradicated.
As you may be aware, online casino gambling was considered illegal in some states before it was legalized. In response to the online casino industry's growing popularity, the U.S. government imposed stiff penalties against online gambling websites that were found to be involved in gambling. This resulted in the closure of many gambling websites. Luckily, this situation has changed recently, and several gambling sites are now opening everyday.