Digital Disruption: 4 Advantages of Online Casinos Over Land-Based Resorts


It’s now over 25 years since the first casino games appeared on the internet. There is, in fact, some dispute over who created the first real online casino game, as is often the case in the Wild West days of the web, but most agree that it was Microgaming that programmed the first ‘true’ real-money casino game in the mid-90s.

Of course, those nascent days of the world wide web also gave us the first examples of digital disruption. Most people are aware of the concept – a traditional industry being disrupted (and replaced) by a digital rule-breaker. Digital disruption is the reason we talk about Netflix today and can’t go to a Blockbuster video store.

But when it came to the casino industry, the disruption didn’t really occur. Now, online casinos are hugely popular worldwide, but they haven’t been seen as a threat to the existence of physical casinos. In fact, the two sectors of the industry seemed to co-exist peacefully over the last quarter of a century. If anything, they tended to complement each other.

However, could that be about to change? There are some who believe that the time has come where the old guard of casino resorts will finally be replaced. Yes, revellers might still go to Las Vegas for an EDM festival or to catch a Raiders game. But the gaming tables are not the main goal. Below we want to set out four reasons that online casinos will eventually succeed in replacing land-based casino resorts:

1. Limitless Options

If you were to head to Vegas or Atlantic City to play some blackjack, you might find a couple of casinos offering different variations of the game. If you were to log on to play blackjack online at a top casino, the options are vast. You can play all the traditional variants, but also games like Blackjack Surrender, Progressive Jackpot Blackjack, Double Attack Blackjack, Spanish 21– whatever you like. And, you are no longer limited to virtual games as online casinos now have live casino games as standard. The choice is tremendous, and it’s getting better with time.

2. Overheads

A couple of years ago, Forbes published an article about the decline of blackjack in Las Vegas. It talked about the things that drove players away from the game, including lower payouts for blackjack (in some places, odds being cut from 3/2 to 6/5) and rule tweaks to the house’s advantage. Casino bosses will point to tight margins and overheads for salaries, taxes, and so on. That problem doesn’t exist online. And, it’s not just blackjack either. If you research the payback amounts for typical physical slots machines versus online ones, you will see how the low overheads make for potentially better player returns.

3. Millennials

Over the last decade, the thing that worried casino bosses the most was millennials. An age group that did not embrace casino games like the previous generation. We don’t need to explain that millennials are more comfortable in a virtual world than previous generations, but there are also different types of games offered by online casinos that you would not find in physical casinos. A recent report published by EGR found that millennials are the biggest spenders on online gambling of any generation.

4. Changing Regulation

One of the biggest seismic shocks to the gambling world in recent years was the historic 2018 Supreme Court Decision on sports betting. This allowed states to make up their own rules on sports betting (and online casinos). New laws have also been created in countries like Germany and India. The point is that it makes legal gambling more readily available than ever before, and it takes away the ‘special’ status of the casino resort. Someone who lived in Illinois before 2019 (when the state passed a wave of new laws) might have gone to Vegas to gamble, but now they can do it online.

Conclusion

For some, a trip to the casino will always be seen as a special occasion. It’s for that reason that resorts are still popular in spite of having a better choice (and odds, in some cases) online. However, many believe that the dam could burst sooner rather than later with casinos being digitally disrupted. Will they cease to exist? Probably not entirely. But they might have to adapt to new challenges thrown up by a digital rival.

Casino news update

Gambling Insider

Tsuut’ina Nation takes AGLC to court over online casino website

However, the physical casinos in the province were forced to close their doors for the better part of 2020 due to health and safety measures, …

Casino Reports

Indigenous People Go to War against PlayAlberta.ca

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Winnipeg Free Press

First Nations going to court over online casino

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Northern Ontario Business

Construction resumes on North Bay casino

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GamingPost.ca

Cascades Casino North Bay Building Resumes

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Chinese Casino Magnate’s Empire Set to Expand in Laos

A secretive, sanctioned Chinese casino mogul is looking to expand his economic empire in Laos, unfurling plans to develop tourism projects …

 

CTV News Northern Ontario

After pandemic delay, work resumes on North Bay’s $31M …

“We felt we were far enough along with this casino that it made sense to build it out and complete it,” said Rob Mitchell of Gateway Casinos.

GGRAsia

GGRAsia – Jeju governor nods casino permit transfer to …

The Casino Impact Study Assessment gave a “suitable” assessment to the scheme in August 2020, and the Jeju legislative council passed an …

Yahoo Finance

Springbok Casino Is Turning up the Heat With Wild Fire 7s

Springbok Casino Manager, Daniel Van Wyke, said: “Here at Springbok Casino, we love the nostalgia of classic slots and in Wild Fire 7s we have …

New West Record

Gateway Casinos calls on province to let them reopen

The video features two single moms sharing how the ongoing casino shut down has affected their livelihoods. Mar 25, 2021 1:28 PM By: Cameron Thomson.

The Importance of Payment Methods for Playing at Online Casinos

If you were to embark on some research before choosing an online casino, most people would look for factors like game choice, bonuses, licensing, trusted brands etc. But if you read detailed reviews of casinos, you might notice that special attention is always given to the choice of payment methods. It’s a complex issue that goes beyond “credit cards accepted”. The choice of payment methods and the casino’s policies and practices on depositing and withdrawing are crucial elements to your overall enjoyment.

We don’t make that last statement lightly; if you were to look at casino player forums, the most common grievance is not about the games or platform, but about issues surrounding withdrawals. Now, there is no problem with depositing and withdrawing at a fully licensed casino in Canada, but you want to be clear as to how the policies are carried out by the casino. Below we will take you through some of the factors, explaining why they are important and what you should and shouldn’t accept from the casino:

Payment Method Choice

Every top casino will offer the option of using eWallets, most likely PayPal, Skrill and/or Neteller. These are secure, and they usually provide the fastest means of withdrawing winnings. If a casino does not offer eWallet options, you should really be questioning why. Credit and debit cards are, of course, widely available, although some countries have banned the use of the former. Some players like the anonymity and security of vouchers like Paysafecard, and it has become hugely popular. Pay By Mobile – where you add a deposit to your phone bill – is also an option. It’s important that the casino offers you a choice, however, so you can choose the method that most suits you.

Casino Payment Security

Online casinos – again, we stress, licensed sites – are among the most secure platforms online. Casinos have been around for 25 years or so, and there has yet to be a major, news-worthy hack. Operators don’t use Oceans-11-like money vaults to secure your transactions; instead, they install simple but effective measures like TLS encryption to ensure your transactions are protected.

Withdrawal Times

In most cases, the online casino will take some time to process a withdrawal. Often that could take up to 48 hours, especially for large wins. While some might grumble about that, it’s common practice, and your money will arrive eventually. Once the withdrawal is processed, then your money should arrive almost instantly if using eWallets. If it’s a debit card, it could take several days; that’s not the casino’s fault, but the cumbersome way banks process payments.

Withdrawal Policy

Not everyone will play with the same stakes at a casino, so it’s worth reading about the details of how casinos manage their withdrawal policies. A minimum withdrawal amount of perhaps $10-$20 is an acceptable figure. Be wary of casinos who put the minimum amount you can withdraw at a high threshold, say, $100. At the other end of the scale, some casinos will cap the maximum you can withdraw daily or monthly, perhaps at $30,000. For most of us, that will never be a problem. But if you are a high roller, make sure the casino meets your requirements.

Miscellaneous

It’s up to each individual, but we would recommend that you never play at a casino that charges transaction fees for deposits and withdrawals. Most don’t, but some do, and it’s surprising that they remain in business. Furthermore, make sure that your payment method is eligible for casino bonuses, as sometimes options like Skrill and Neteller are exempt. Finally, remember that the best casinos will allow you to manage your payment methods to ensure that you don’t overspend. This includes deposit limits, curfews (of when you can spend), and time out features. They are handy tools if you do not wish to exceed your budget.