Digital Technologies in the Gambling Sector of Australia

Remember when you had to hop to a casino for a round of pokies? Well, the world of iGaming and online casinos has brought on a new age in which you can play just about any casino game right from home. In addition, technologies like the Random Number Generator have ensured that every casino game you play online is fair. And you can even play live!

That means a live dealer can host a game of blackjack from anywhere in the world. And you can play, sitting in Australia, simply by logging in from your phone. Technology is so advanced these days that you can do just about anything sitting at home. And if you’re interested in some of the gambling technologies that are popping up in Australia, you’re at the right place. We have a full guide on the subject just for you.

Gambling Sector in Australia

The casino industry in Australia has grown exponentially over the last few years. At one point, the country was named a gambler’s paradise. However, the most popular gambling activity in the region is probably slot games. They’re nicknamed pokies in Australia, and gamblers are the most enthusiastic about this game.

Online gambling activities have done so well because of any casino bonus punters might receive on online platforms. The sector has also done excellent in terms of the economy as it raked in a big chunk of revenue over the years.

Many of the online casinos in the region have gained a lot of popularity because of how convenient it is. Even payments can be made using a phone and an internet connection. And since bonuses like a no deposit bonus or free spins are only applicable for online platforms, that makes it all the more intense.

We have actually come across a great website where you can get reviews for these casinos, and it’s none other than slotozilla.com/au. The site details the experiences at different online casinos in the region. You can check out some of the articles for yourself by visiting the official site and reading some of the articles.

What we can be sure of now is that the online casino niche in Australia has gained significant popularity in the past few years. And if you want to check out some of the games, now is the time.

Changes in the Gambling Industry in Australia

Gambling isn’t just popular in Australia but throughout the entire world. Gamblers have had the pleasure of enjoying some of the most innovative technologies that have improved the industry. Some would wager to say that land-based casinos are becoming obsolete. But that’s not exactly true. A lot of land-based casinos have opted to shift their operations to online platforms while still maintaining retail operations. There have also been a few harmful effects of gambling in the
region. Since the nation is called a gamblers paradise, a lot of people have taken it a bit too literally.

Gambling Digital Technologies in Australia

Gambling technologies are constantly improving, and in Australia, the developers have done a fantastic job of creating some amazing games for the casino industry. We already know about a few of the existing technologies that are out there.

Technologies Usage

Blockchain Secured payments

AI Customer support chatbots
Mobile Applications Gambling on the go
3D Animations Improved visuals for online slots
Streaming Technology Live dealer
VR Live table games

In this section of our guide, we’ll tell you all about the existing technologies and a few of the ones that might be released soon. Understanding these technologies might be a great way for you to improve your gambling strategies as well.

Blockchain

Blockchain is a technology you might already be familiar with if you’re interested in crypto. The description they give out when explaining the technology is that it’s a secure database to store information.

Blockchain is the technology that a lot of cryptocurrencies are built on. Blockchain ledgers are decentralized. And transactions made via blockchain can be completed without a clearing authority. When it comes to an online casino, blockchain has brought about a revolution in terms of payment methods and web applications. Since blockchain primarily facilitates online transactions for cryptocurrencies, it can work to protect your information in an online casino.

The technology also ensures faster transactions. And the method ensures that the proper documents are verified. That also means you get to withdraw your no deposit bonus or any other welcome bonus much faster.

Artificial Intelligence

AI has seen widespread usage in multiple sectors in the past few years. Although the technology is yet to face its full potential, there are a lot of possibilities in the online gambling sector. Some gamblers might have a hard time relating the use of artificial intelligence with an online casino. But the use is more pervasive than one might think.

The primary usage of AI is in the online chatting system. A lot of casinos offer real customer service representatives to aid in the live chat. But for the issues that are less pressing, you may be directed to a bot that will answer with automated replies.

AI has also been used in Australia to improve gameplay by a lot of the best online casino platforms. This is particular to the games that players compete in against the computer. Artificial intelligence has the ability to improve the overall experience of the game.

Mobile Applications

This is one we’re all familiar with. Mobile applications are an integral part of dollar deposit casinos since most gamblers prefer phones to computers for smaller transactions. Suppose an online casino has a mobile application that provides a much more convenient experience. You can even play with real money using your phone. That’s because technologies have evolved to allow many different payment methods that are also accessible remotely.

Registration is also much easier with a mobile application. And gamblers in Australia have historically preferred playing on mobile. You might even get the best online casino bonus, e.g. casino no deposit bonus, that is particular to the mobile application.

3D Animation

If you’re a fan of free slot games, this type of technology might be just the innovation you need at your favourite online slot casino. Rather than gameplay, this technology improves the visuals of mobile slots by a high margin. Imagine using your free spins or no deposit bonus on a slot game that gives you the experience of a real pokies machine.

It’s really hard to make a pokies game very innovative and exciting since all you do is push a button. And using 3D technologies is a great way to make the game a lot more intense for players. The 3D animations make it feel like playing pokies in real life with real money instead of free spins at an online casino.

Live Dealer

The live dealer itself isn’t the technology here. The actual technology used is streaming equipment. The way that a live dealer game works is that it is streamed live for all of the participants.

The dealer himself may be in a studio or in the physical casino location itself. There will be cameras surrounding him to make every allowed angle visible. And the players in the game will be able to watch him shuffle and distribute cards live before the actual game starts.

Some of the best online casino platforms even allow you to interact with the dealer and the other players. And live dealer games can even be combined with a few other technologies on the list we have today.

Virtual Reality

VR or virtual reality, unlike a few other technologies on our list today, has seen some of the highest demand in an online casino. And it still has a lot of potential in terms of improving the quality of games and intensity of each session. VR games are already pretty popular even outside of the online casino scene. But the technology has the possibility of revolutionizing the live dealer section of any online casino.

We already know about the live dealer games that are aided by streaming technology. And most gamblers will say that the experience is very close to the experience you’d get at a land-based casino with real money. These games may include:

● Blackjack
● Roulette
● Baccarat
● Poker

But with a VR headset, it’ll feel like you’re in the same room as the dealer and the other players. And the best part is that you won’t even have to leave your room. As long as you have a working internet connection and a good device, you can experience some of the best games. Even the best payout online casino could get improved gameplay by integrating VR with the games that are available.

Technological Improvements in Online Gambling

The technologies we mentioned earlier have made a lot of improvements in online gambling in Australia. They’ve made online games much easier and payments faster. Some of these improvements include:

● Faster and more secure payment methods.
● Improved gameplay and visuals.
● Cloud gaming services for more ease.
● Convenience with mobile apps and betting on the go.
● More privacy in terms of personal data with identity authentication.

These are all aspects that have seen improvements in online gambling in Australia. And there’s still a lot of room for improvement.

Possibility of Facial Recognition Technology in Gambling

There isn’t a whole lot of information regarding biometric technology in the gambling world. But that’s because the technology itself is still in the early developmental stages. The potential for this type of software in an online casino is:

● Account creation and login
● Payment verification

● Identity authentication

Biometrics doesn’t just include facial recognition. People also use fingerprints, which are used widely in many business sectors. Integrating facial recognition or fingerprint authentication might be a milestone for the online gambling industry. As it is now, there is an innate lack of security for a lot of online casinos. The highest form of security you might find is two-factor authentication on your account.

But if biometrics were used when logging in and making payments to an online account, it would make the experience safer for the player. However, this technology still needs to be fully functional.

Payment Options for Online Gambling in Australia

With the improvement of technologies in the gambling sector in Australia also comes more
options for payment. The most common payment methods in the region are:

● Bank transfers
● Bank cards
● E-wallets

But with the new innovations in technologies, a lot of casinos are also offering cryptocurrencies for payments. As we mentioned earlier, cryptocurrencies are built on blockchain. That makes it the most secure and fastest payment option for gamblers in Australia.

A lot of banks are hesitant about electronic fund transfers since there are a lot of risks involved. But EFTs are used in many regions around the world for the purpose of funding online gambling accounts. So, there is a chance that this technology might be adopted in the region as well.

Wrapping Up

You can probably see by now why online casino platforms have gained so much popularity in Australia. Not to mention, with the onslaught of more improved technologies, we can only expect many more innovations in the sector.

Todayville Content Team

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Todayville Content Team works with a wide variety of clients to develop compelling content solutions. Our experienced team develops strategic campaigns that use video and storytelling, digital advertising and social media to help our clients position and distinguish themselves in the market.

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Casino market in Canada grows in 2023 as more states consider legalization of igaming

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Casino market in Canada grows in 2023 as more states consider legalization of igaming

Published on May 2, 2024

Todayville Content Team

The year 2023 marked a significant turning point for the Canadian casino industry. Ontario, the country’s most populous province, took a bold step by legalizing and regulating online gambling within its borders. This decision, met with anticipation by both the public and gambling operators, has demonstrably revitalized Ontario’s casino market and sparked discussions about similar moves across Canada.

Prior to 2023, online gambling in Canada existed in a legal grey area. While federal law prohibited the operation of online casinos by domestic entities, Canadians were free to access offshore websites that were offering various virtual slot machines, table games like blackjack or roulette and sports betting. This presented a challenge for regulators. Not only were they unable to capture tax revenue from this activity, but they also lacked control over consumer protection measures and responsible gambling initiatives.

Ontario’s decision to legalize online gambling addressed these concerns head-on. The province established a regulated online gaming market, allowing licensed operators to offer casino games, sports betting, and other forms of online gambling to residents. This move not only provided a safe and secure environment for players but also opened up a new avenue for tax generation.

The impact of Ontario’s online gambling legalization has been undeniable. Since its launch in April 2023, the market has experienced explosive growth. Gross gaming revenue (GGR) from online gambling platforms has surpassed initial projections, with analysts attributing this success to a combination of factors. Firstly, the convenience and accessibility of online gambling have attracted new customers who may not have frequented traditional brick-and-mortar casinos. Secondly, the variety and innovation offered by online platforms – with their extensive game libraries, live dealer experiences, and mobile compatibility – have proven highly appealing to existing gambling enthusiasts.

The economic benefits for Ontario have been substantial. Tax revenue generated from online gambling is already exceeding estimates, providing a significant boost to provincial coffers. These funds are being directed towards various government initiatives, from infrastructure development to social programs. This tangible financial success has not gone unnoticed by other provinces across Canada.

Several provinces, including British Columbia, Alberta, and Manitoba, are actively considering following Ontario’s lead and legalizing online gambling within their own jurisdictions. These provinces are closely monitoring Ontario’s experience, with a keen eye on the regulatory framework, tax revenue generation, and potential social impacts.

Proponents of online gambling legalization argue that the benefits extend beyond just tax revenue. A regulated market allows for stricter controls on advertising, responsible gambling measures, and player protection. Additionally, it fosters competition within the industry, potentially leading to better odds and a wider variety of games for consumers.

Opponents, however, raise concerns about potential increases in problem gambling rates and the social costs associated with it. They argue that the ease of access and anonymity offered by online platforms could exacerbate gambling addiction. Additionally, the potential for increased advertising and marketing associated with a legal online gambling market raises concerns about the normalization of gambling behavior.

Despite these concerns, the success of Ontario’s online gambling legalization has undoubtedly reignited the conversation across Canada. As other provinces weigh the potential benefits and drawbacks, it seems likely that online gambling will become a more prominent feature of the Canadian casino market in the near future. The key will be striking a balance between generating revenue, protecting consumers, and mitigating potential social harms. By learning from Ontario’s experience and implementing a robust regulatory framework, other provinces can pave the way for a safe, responsible, and prosperous online gambling market in Canada.

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Is the Anger Toward Fiat Currency Justified?

Published on April 25, 2024

Todayville Content Team

Back in 2012, the Cato Institute published a paper titled The Coming Fiat Money Cataclysm and the Case for Gold. The libertarian think tank is hardly unique in its animosity toward the fiat currency system, nor was its 2012 paper wholly unique in its concepts and sentiments. It did, however, predict some of the issues we are trying to resolve today, notably inflation linked to the era of “cheap” money through low-interest rates.

Today, if you look at social media, particularly platforms like Reddit and Twitter/X, you’ll also find plenty of derisory posts about the fiat system. What’s more, we might argue, albeit unscientifically, that the backlash is growing. Some of this can be quantified. For example, there is some correlation between the rise of Bitcoin as hard money with a limited supply and
the criticism of the fiat currency system. However, some of it is not so easy to quantify, such as the animosity toward fiat currency being linked to wider dissatisfaction with the state.

But is any of it justifiable? The problem with answering that question is that there are both economic and sociological answers. The former is easier to frame, whereas the latter is not. Let’s start, though, by analyzing what we mean by fiat currency, which will help us understand its critics.

Fiat currency is effectively all money

Fiat currency is essentially money not backed by a physical commodity (gold or silver, for instance). It is, therefore, nearly all the money in existence in the world today. When you look at the trillions of dollars being traded in forex markets, it is fiat currency that’s being traded. The Canadian dollar used to be partially backed by gold, and some of its value is derived
from oil prices, but despite some arguments to the contrary, it remains a fiat currency.

So, why, then, should we criticize money? Well, it’s due to the fact that having no physical backing, such as a lump of gold or a barrel of oil, central banks and governments can print that money out of thin air. The charge against it is that printing new money creates more of it (naturally), and that eventually devalues it. You’ll often see anti-fiat accounts on Twitter/X
posting charts of how their currency’s purchasing power has declined or will decline over time. This is the economic argument against fiat currencies.

This chart shows how many years it would take for each fiat currency to lose 50% of its buying power if today's inflation rates remained constant.

The red line marks the average number of years worked before retirement.

There will be no retiring if one chooses to save in fiat. pic.twitter.com/P5CjXg5v3e

— Sam Callahan (@samcallah) April 2, 2024

However, the argument loses merit when certain factors are pointed out. Yes, the Canadian dollars in your pocket lose purchasing power over time, and that’s why you can’t buy a house for the same price as your grandparents. Yet, you also will earn a lot more than your grandparents. If something used to cost a dollar and you earned ten per hour later costs five
dollars, yet you earn fifty per hour, there isn’t really a problem. Of course, that’s just the theory, and it does not always work that way in practice.

Wages keeping up with inflation

In Canada, for example, disposable personal income has tripled since 2001. It also increased in the last quarter of 2023 (the latest period for measurement). Have wages kept up with inflation? Not always; you might look at everything from the cost of a cup of coffee to your mortgage payments to consider that it hasn’t. But the problem is not fiat currency in and of itself. It is the balance between price rises and the amount of money you earn. From the period 2019-2022, average hourly wages grew 12.5% in Canada; CPI rose 10.1% in that time. There were accelerated periods of inflation, particularly in the aftermath of the pandemic, but on balance, wages kept up with inflation.

Now, none of this is meant to say that the fiat system is perfect, nor does it suggest that the government and central banks get it right on balancing the system. But broadly speaking, the antagonism toward fiat currency tends to be more sociological than economic. In short, people are angry at the system, not fiat currency itself. Those pushing the demise of fiat currency are often anti-establishment, at least ostensibly. They are interested in concepts like Bitcoin not only for financial reasons but also because it is not a creation of the state.

Their concerns do go into other areas, such as central bank digital currencies (CBDCs), and it leads them to see the fiat currency system as one of control. How valid are those concerns about CBDCs? We would be foolish to dismiss them, and there should be perhaps a sense of frustration that the mainstream media is broadly ignoring the threat. At the moment, the official line from Canada is that there are no plans for a CBDC – yet. However, and this is important – the BoC is apparently researching the “need” for one in the future.

What would that “need” be? Could it be the control of citizens’ finances? There is an all-too-scary suggestion that this could be the route that governments take, where fiat currency becomes less money and more like social credit. You drink or gamble too much? Well, the government will freeze the money in your account until you prove you are spending responsibly. If we go into a situation where fiat currency becomes a system of control, then inflation is the least of our worries.

For some, there is a sense of a tipping point on the horizon. We have this situation where governments are constantly printing money – and taking on huge amounts of debt – and we have the specter of CBDCs. You can, therefore, understand the allure of Bitcoin and other decentralized forms of currency, although those systems in themselves are not perfect. The
question, though, is whether we meet these challenges before the tipping point is reached?