Online Casino Tech News In 2022

Online casinos have been the trend throughout the past decade. Despite all the complications regarding gambling regulations and laws, there is an increasing number of gamblers. There are now more online slot players and other casino game players. This interest in online casino sites came about due to the integration of exciting technological features. The casino industry sees a lot of advancements, and the credit goes to the ever-growing tech industry.

From the payment systems to the casino games and designs, tech has become an integral part of online casinos. New features keep emerging in online casinos, and tech developers are creating unique solutions to make online gambling more accessible. Now, let us go through some of the latest tech updates in the online casino industry as of 2022.

Latest Tech Updates In Casinos 2022

Trial Of Facial Recognition Concept Faces Complications In Australian Casinos

One technology that has always had connections with online casinos is the Facial Recognition AI software. In countries like Australia, Facial Recognition technology is already used in several industries. Recently, the online casino industry adopted this technology for customer recognition, which has received so much acceptance.

According to claims, this technology is already used in many Sydney casinos to prevent non-members from accessing gambling houses. Though the companies have a safe motive for introducing this technology, many others have refused to share similar thoughts.

Matter-of-fact, critics of this tech are already pushing against its use in casinos in many regions of the world. Though Facial Recognition is a security tech, most users already believe it is an invasion of privacy and unauthorized access to sensitive data.

According to a recent discovery by the Australian Information Commissioner, Clearview AI's commercial face recognition software infringes on the privacy of Bettors. This software was, of course, used by even the police before this discovery. Also, so many individuals had already used the software for personal uses.

Since the AI does not require consumers' consent before collecting sensitive data, there have been several complications. Also, these complications have led to several lawsuits in various courts across the US, Australia, and a host of other European countries. Some firms now go as far as stealing face prints for customer satisfaction surveys and other tasks.

Though the technology might find stability in the future, there are still a lot of controversies for now. Thus, most casinos do not yet fancy the idea of unauthorized Facial Recognition.

Playtech Expands Payment Reach Via Partnership With Paysafe

Playtech is one of the biggest iGaming companies with the latest technologies in the industry. In a bid to expand its payment reach, the company has ventured into a partnership deal with the digital payment system 'Paysafe' to create an expansion into the European market. The growth of gambling in the UK and other European regions is massive.

Thus, companies without much coverage in the continent would surely miss a lot. Playtech and Paysafe already had a good relationship following their North American ties in the US. However, they took a step forward by expanding their horizons and pushing for a deal for the UK and other European regions.

Playtech is recognized for its well-optimized structure and simple payment systems, including that of Paysafe. Via this recent partnership, casinos in Europe will have free access to the information management solution by Playtech to improve payment activities. This system uses a Paysafe-developed API that works with the digital wallet. This method will expand payment and give users more flexibility, allowing for a faster gameplay experience and instant deposit/withdrawals across Europe.

Other than the Paysafe deal, Playtech has carried out a lot of partnerships in recent times. Though they lost a possible deal with Aristocrat, Playtech is actively searching for any other buyout offer. They are currently progressing with TTB partners on the prospects of a potential bid in Hong Kong. Though this is public, the company states that they do not know if it will ever become a reality.

Is Tech Cutting Down Problem Gambling?

The pairing of technology with casinos has seen a lot of improvements so far. These improvements have, of course, attracted even more players to the online betting scene.

With more bettors, there is a higher volume of problem gamblers worldwide. However, there are now several modern systems developed to reduce problem gambling worldwide. In recent years, few companies have been promoting systems that use AI to detect problem gambling and even make predictions from a player's habit.

These tools have saved a lot of addicted gamblers, and they continue to play a significant role in the casino industry to date. Most of these responsible gambling systems are now available in casinos as an inbuilt feature. Some are for self-exclusion, while others are for placing deposit limits and other restrictions.

A New Phase Of Gambling (Crypto Casinos)

Cryptocurrencies now rule over both the investments and gaming industries. Thus, betting sites that utilize these digital currencies now have higher advantages. Moreover, more users now prefer these cryptos due to their secure nature. As we speak, these cryptos dominate casinos worldwide, but there are still some flaws to the usage of this tech.

According to an NBC Interviewee who happened to be a problem gambler, crypto sportsbooks offer less responsible gambling tools. Thus, there are fewer restrictions as in other betting sites.

This freedom in crypto casinos leads these problem gamblers to even more complications with addiction. Cryptocurrencies are decentralized, so there is no body governing their usage. As a result, it becomes impossible to place major restrictions regarding the usage of these currencies. More casino-focused technologies are in active development. With that, there would surely be a more structured approach toward using cryptos in sportsbooks.

Verdict

The online betting industry has been one of the busiest industries in the past decade. Aside from the massive amount of players, there are now several new techs that keep hitting the industry. Thus, more solutions are available to match the latest technological needs of consumers. For example, with AI, there are now so many tools that study the behavior of gamblers to make predictions in cases of potential gambling addiction.

Also, Facial Recognition is already being implemented in betting sites in some regions. Though it has not received global acceptance, we expect improvements to the technology anytime soon. In addition, game developers often make new research projects and experiments with VR and AR. Thus, there is a lot in store for the gaming industry in the coming years.