The Mobile and Gaming Summit was held in Atlantic City in October. A-list speakers from the US and Europe discussed about future of gaming and gambling industry within the country. The growth of online gaming casinos is faster than expected as casino owners are developing their mobile applications simultaneously with the launch of online versions. Players also find it convenient to switch between online casino games from desktop to tablet and smartphone versions. It also gets convenient while travelling.
The Summit focused on future challenges to the industry in terms of technological growth and how to cope with recent changes in legislation. As only a few states within United States allow internet-based gambling, the event was held in Atlantic City and representatives from top internet gambling firms were invited.
Future of online gaming industry
Besides presentations by representatives from top online gaming firms like Caesars, Poker Stars, Bally Technologies and others the conference also had discussion panels. The keynote address of the two-day conference was delivered by New Jersey Senator Raymond Lesniak, wherein he gave an overview of online gaming industry in New Jersey. He also explained how mobile applications are likely to shape future of online gaming market in the state and nation.
The industry is also facing challenges from banking and credit companies, which are not keen of honoring gambling transactions made online by players. The most interesting panel was a presentation by five mobile gambling enthusiasts talking about their iGaming experience and expectations. Other panels discussed the issues affecting the industry’s growth.
Online gaming challenging revenues of land casinos
With growth of mobile gaming and internet gambling sites people are slowly gaining interest in land based casinos, which is affecting their revenues. The trend has led to fear psychosis among gambling companies in the nation and they are trying to forestall gaming legislation to allow sports betting through online gambling sites. Online gambling companies are also facing trouble from nations which have strictly regulated gambling facilities and restrict players from these locations to access online gambling sites. With estimated growth of smartphones by 75 percent by 2017 within United States alone, mobile and online gaming companies are trying their best to remove these roadblocks and help the industry grow.