READ

(160) casino reviews

PLAY

(419) free casino games

onlinecasinoselite.org  › Blog  › The Expected Impact of Virtual Reality on Online Gambling
January 30, 2019

The Concerns about Virtual Reality and Gambling Addiction


CASINO GAME RULES


The introduction of Virtual Reality in gambling online

The recent introduction of virtual reality to online gambling has generated new concerns from addiction professionals who counsel those subjects with gambling problems (read more). The reality is there are few industries that will go unaffected by virtual reality. In many cases, it is a positive addition, especially in relation to health care, but does pose a potential risk when it comes to gambling and social interaction.

What is important is to understand how technology generates the environment that users experience. Those that use it are not entering an environment that is real, but one created. Finding the perfect balance is one that must include protocols that are geared toward identifying addictive use. It must also deal with how best to prevent it before it cements itself in the minds of its users.

Virtual reality has become more mainstream thanks to the release of hardware that is inexpensive such as those released by Oculus Rift. HTC Vive and PlayStation VR.

Recent reports from companies that focus on analysing market trends suggest that revenue from sales of VR content could see increases by more than 140%

It also added that anticipated sales would reach $22 billion by the year 2020. That is substantial and identifies the majority embracing virtual reality are a younger audience more up-to-date with the latest in technological advances. It is also suggestive that those with the means financially are embracing it in record numbers.

It has been well-documented that this technology is here to stay and the potential for an increase in addiction numbers is a reality. Those that do engage in and offer gambling activities online have the ability to act responsibly to prevent undue financial difficulties. One company that takes its responsibilities seriously is Melbet. As a company, they allow users to set deposit limits and self-exclude themselves in an effort to prevent undue financial strain as a result of addictive behaviour.

The same is true of online affiliate sites that only promote those that adhere to those operational responsibilities. More can be learned about companies such as Melbet by reading a full Melbet review at Nostrabet, a leading online affiliate site. In doing so, it provides detailed information about licensing responsibilities and social awareness measures to combat addiction. Ultimately, as virtual reality continues to advance within the online gambling industry, it will help to limit addiction increases.

Online Software Companies Taking the Leap into Virtual Reality

Several leading software development companies focused within the online gambling industry have begun to make inroads towards the development of online virtual reality casinos. One of those, Microgaming has made presentations at gaming conferences, showcasing virtual reality slots. While not publicly released and only seen by industry insiders, it could see a shift in the future of online casinos. That shift is geared towards a younger audience that are not embracing gambling online due to the lack of technology they embrace. The reduction is in part due to that generation not viewing traditional casinos in the same light as older generations who are, generally speaking, less tech-savvy.

With the initial focus being towards slots, it is hoped that the inclusion of virtual reality will attract younger audiences and maintain longer periods of interest. The manner in which they operate will not change, and payout percentages will remain the same. The focus is on the engagement aspect with many looking into reward based levels which are often included in video games. The hope is that in doing so, it will encourage participation and increase revenues while providing an environment that is both engaging and entertaining.

Virtual Reality Casino Face Legal Challenges

The development of virtual reality casinos has created some potential legal challenges to licensing authorities. As it is a new concept, it is imperative that in order for it to be successful, developers must be able to prove that the software is fair and secure. They must also ensure it maintains the code of ethics that current online casinos operate within and adhere to. In order for it to be embraced, these are minimums needed so as to generate user confidence.

One such licensing authority, Malta, for example, demanded that virtual reality casinos can include clocks located throughout the casino so as to prevent players from losing track of time. Another proposal includes notifications alerting players to time spent playing, and that player activity remains private within the realm of the virtual casino environment. This means that other participants do not have the ability to monitor or see other players win/losses.

While some gambling jurisdictions are refusing to license virtual reality casinos, some have. The number of operating VR casinos, however, is small. In any case, it is anticipated, that over time, that number will increase. It is predicted that initially, that will likely revolve around the more established developers with the appropriate R&D budgets, however as time goes on, others will enter this realm once proven.