HOW NEW ONLINE CASINOS ARE SHAKING UP THE INDUSTRY

Online casinos have been around since the late 90s, but have become significantly more popular over the last decade. As people are trading in the land-based casino experience for the convenience of online gambling, the industry has shifted massively. As you would expect in every growing market, there are new casino sites launching regularly. But what is the benefit of a new casino over a more established casino? What impact are they having on the competitive gaming industry? Keep reading to find out more.

The luxury of choice

Thanks to the rapid rise of new casino sites launching, there is now so much choice for players. Gambling enthusiasts can afford to be picky, and only choose the very best, but sometimes it’s hard to find. Just like car insurance or utility bills, online casinos now have comparison sites.

Article continues below this advertisement

On these comparison sites, you can quickly browse through hundreds of online casinos, including the newest and most generous. This makes your life so much easier and means you spend a lot less time manually comparing. Click here for a great example of a comparison site that looks at new casinos.

Innovative gaming

Spinning boring 3-reel slots just doesn’t cut it anymore. There are, of course, many players that still love the traditional style casino games, but there are many that now demand something much more. Software developers are creating entirely new ways to gamble online, including innovative game designs and a completely immersive experience. We’re talking about huge bonus rounds, jackpots, live gaming and even virtual reality.

As most new online casinos have these games as standard, they attract higher player numbers. To compete, existing casinos are having to invest heavily in new technologies for the first time in many years.

Bigger bonuses and rewards for players

Article continues below this advertisement

The original online casinos didn’t need to do much to keep payers around. There was very little choice or competition, so players remained loyal to their favourite brands. When an influx of new casino sites happened, it forced a lot of change. These newer sites were offering the biggest and most generous welcome bonuses ever seen, so the more established brands were forced to follow suit.

In 2021, there are hundreds of casinos to choose from, including many new ones. This new competition for players means that the bonuses, welcome packages and promotions are so much better than they used to be. The player is now in the driving seat, and it means they can opt for the very best casino bonuses.

Faster payments

When casinos first launched online, players could expect to wait up to 2 weeks for a payment to land in their bank account. It’s hard to imagine now, as payment processing times are now a fraction of this. Online casinos in general have improved markedly when it comes to withdrawals, but none are quite as impressive as the new kids on the block. Many new online casinos actually offer payouts in as little as 24 hours, as long as an account is verified.

Article continues below this advertisement

This is mainly down to the huge choice of payment methods available now. Since the eradication of credit cards for online gambling, many alternatives are available including many e-wallets. PayPal, Neteller and Trustly and the three most common, and fastest, online casino payment methods.

Don’t miss another story! Get the Island’s latest news delivered straight to your inbox. Sign up to our daily newsletter here.

The views/opinions expressed in these comments are solely those of the author and do not represent those of Island Echo. House rules on commenting must be followed at all times.
 

Join our daily newsletter

News, Traffic & Travel Tweets