Within the last two decades, the thrilling pastime of playing slots online has steadily increased in popularity, reaching incredible heights as the one of the most prominent and profitable sectors within the gambling industry. During this period of growth, the majority of UK casino operators have been observed transitioning to online-based gambling.
The online gambling market continues to grow steadily and powerfully. A major influence in its overwhelming success is the advancement in technology; something that has greatly assisted the industry in its quest to thrive. When it comes to online casinos and games, the boundaries are continually changing and adapting.
Modern technology such as the smartphone and tablet have enabled improved accessibility and capacity for online casinos. Gone are the days of the two types of gambling: the glamorous, Vegas-style high rolling in lavish city casinos vs the lower-class bookmakers and shabby racing tracks. Today, the most distinguishable names in gambling are prominent within the online industry as well as land-based gambling venues, creating a familiar environment for those unsure about making the transition to internet gambling.
With the rise of online slots and online casino games in the UK, the casino audience has widened significantly. Online casinos and bingo sites attract many more women to online gambling than ever before, thanks to convenience, accessibility and the opportunities to play comfortably and anonymously. Many casinos and slots even target women specifically; spreading the message through advertising with female celebrities, etc., that gambling is an wholly acceptable pastime for females today.
Legislature & Safety
Since the online gambling market has grown exponentially and quite unexpectedly, it has been hard for governments to keep on top of gambling legislation. In the UK, the UK Gambling Commission is a body that has been established in order to provide licenses to reputable UK online casinos and regulate them. This ensures safeguarding in terms of player data, funds, fair play within gaming software and more.
A safe environment is important for many online players who are prepared to risk their cash, and the UK Gambling Commission manages this successfully. Gaming visuals are also quite heavily regulated, ensuring that none are used which could greatly appeal to underage gamblers and children. Of course, there are loopholes which will be abused – there always are with relatively new legislature – but as the industry grows, the operators and regulatory bodies work continually to improve and provide the safest environment possible for gamblers.
Additionally, the government has introduced new tax laws, such as the UK Point of Consumptions tax, in recent years as the gambling industry has become significantly more profitable. These laws are to prohibit UK casino operators from moving offshore and to ensure profits and tax are channeled back into the UK treasury. Naturally, this is beneficial for the UK economically and the players who enjoy online gambling as a pastime.
The Future of Online Slots
As technological advances continue to pierce the online casino market, the future will likely be bright for the industry. Competitors are in fierce competition to release innovative and unique casino games, implementing modern technology such AI and VR in a bid to impress and captivate more players.
To read more on topics like this, check out the Money category