Canadians May be able to Visit Casinos in the Metaverse – Todayville.com

While the North American casino market has trailed behind its European counterparts for a fewyears, the industry has recently gone through a tremendous period of growth. From brick-and-mortar casinos licensed by local provinces, to the emergence of online casinos, Canadians fromacross the country are embracing the latest online casino technologies.

2022 is no exception in which the market is expected to continue to grow. Last years statisticsshow a huge 13% growth, in which online casinos have fuelled this. Below, well take a look atsome of the leading casino trends that are driving this growth and take a look at what we canexpect for 2022.

2021 was an anomaly for the casino world in which there were a great number of start-upsemerging, particularly within the esports industry. With a number of emerging online casinostart-ups, the competition increased dramatically.

As such, providers like this online casino Canada, have had to come up with new and innovativeways to attract and retain customers continually by offering a diverse range of games. However,many brick-and-mortar casinos were forced to shut their doors for most of 2021, not onlyhelping to fuel the online casino industry but forcing physical casinos to either move theirservices online or risk closing down.

Across 2022, the growth of online casinos doesnt seem to be slowing down in which theyre setto continue to innovate, embracing the latest of online casino technologies that enable them tostay ahead of the competition.

One thing that had a huge effect on online casinos globally across 2021 was the grey listing ofMalta gaming licenses by the FATF. This move meant that many online casino providersrequested to move jurisdictions to alternate licensing areas, and in particular Kahnawake.

The Kahnawake gambling license offers a flexible, cost-efficient and straight forward set upprocess, as well as being a respected jurisdiction which makes it an attractive license for globalstart-ups to gain.

There are currently around 250 gaming sites licensed under the jurisdiction and this is set togrow across 2022 as more online gambling startups emerge.

Many casino providers changed gaming licenses and in particular, many changed to theKahnawake license in Canada.

Crypto casinosCrypto casinos have become an increasingly popular option for online casino providers recently,in which many casinos are becoming sole crypto currency casinos.

Crypto casinos not only offer a more efficient way of playing but also offer a safer way to payand a more anonymous experience for players across Canada. As cryptocurrency operates onblockchain technology, this means that transactions do not go through a central bankingauthority and as such, do not need to be approved.

Crypto payments are also more difficult to track, meaning players benefit from increased privacyand faster gameplay instead of having to wait for withdrawal requests and deposits to beapproved.

Virtual Reality

While virtual reality technology is no longer a new trend in the video gaming industry, itsbeginning to take the online casino industry by storm. As VR headsets have become moreaccessible in the market, more and more online casino games have begun to incorporate suchtechnologies.

One way in which virtual reality is being used is through live poker games. Traditionally, suchgames have lacked experience in the virtual world, whereas the introduction of virtual reality hashelped to bridge the gap between physical casinos and online ones.

With the development of VR gaming, there is a chance we could see VR beingintroduced more to the world of online casinos.

Esports is set to be a huge trend for 2022, in which weve already seen esports rising throughthe ranks rapidly. According to statistics, esports is set to become more popular than sportinggames themselves this year.

One of the reasons for this is the interactivity of online games, in which players can not only seewhat is happening in real time but get involved in the action through placing bets.

Another trend that seems to be emerging for 2022 is the responsible promotion of onlinegambling. As further legislation is brought in, a big focus has been brought onto problemgaming.

Some of the measures that are being brought in include age restrictions and gaming tools thathelp users to have a more controlled experience and even self-exclude themselves from certaingames and promotions if they so choose to.

As the competition for online casino providers increases, sites are continually looking for waysto make the experience more enjoyable and interactive. Live dealer games have become alarge part of this in which virtual games now incorporate a real-life dealer who can interact withplayers.

Overall, the Canadian online casino market is looking incredibly promising for 2022. 2021brought about many challenges for the casino sector, from the closing of physical venues, tolicensing changes that have drawn the global casino sector towards Canada's new andemerging licensing offerings.

With so many new technological advances in store currently, online casinos in Canada are setto boom, however they must drive to stay ahead of the increasingly tough competition.

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Canadians May be able to Visit Casinos in the Metaverse - Todayville.com