In a recent article by iGaming Business, GR8 Technology offered predictions regarding the casino and gaming industry in 2024. The company, a developer of player engagement platforms, expects continued growth and innovation in the sector over the next year.
GR8 Technology forecasts that the metaverse will play an increasingly important role, stating that "2024 is slated to be the year of the Metaverse for casino and gaming." They predict that more casinos and game developers will create metaverse presences, allowing players to access games and interact with others using virtual and augmented reality technologies. This aligns with broader metaverse growth projections, as companies like Meta invest billions into developing persistent 3D virtual worlds.
Additionally, GR8 Technology believes regulation of the industry will increase globally. As the online casino and gaming space expands, various jurisdictions are expected to introduce new laws and compliance standards. The article speculates this could present challenges but also opportunities for providers to meet localized regulations. Successfully navigating newly regulated markets early can become a competitive advantage.
Cryptocurrency adoption is another area that GR8 Technology anticipates will accelerate in 2024. They predict more casinos will accept digital assets like Bitcoin as deposits and bets while game developers integrate cryptocurrency, NFTs, and blockchain technologies into new titles. This reflects the growing mainstream acceptance of crypto and a desire to attract digitally native players.
Finally, the article references GR8 Technology's product roadmap for 2024, which includes launching player engagement tools leveraging machine learning and AI. These technologies allow games to be customized and adapted in real time based on individual player data and behaviors. Developing an advanced player experience could be vital to attracting and retaining customers as competition increases between online casinos.
Overall, GR8 Technology paints an optimistic picture for the casino and wider gaming industry in 2024, defined by innovation across emerging areas like the metaverse and cryptocurrency. Undoubtedly, regulatory and adoption challenges are ahead, but their predictions point to a sector embracing new technologies to drive continued expansion.
You can read the full article by GR8 Technology here: https://igamingbusiness.com/casino/product-technology-casino/gr8-tech-2024-predictions/