Nov 26 / 2013
Latest News /

iGaming and Video Games: A Prosperous Love Affair?

Will the relationship between igaming and video games prosper? As the online iGaming market is flourishing and expanding globally, it is not only changing in its legal and its conceptual terms, there are certain predictions that the whole face of phenomenon is about to inevitably change. Not long ago iGaming was fresh and pioneering concept for many companies which have been moving their land-based businesses online. With wide variety of possibilities the Internet possesses, betting and gaming industry, are placed among biggest businesses, generating high revenues. Nonetheless, the iGaming industry is steadily going further and discovering markets connected with video games.

It hasn’t happened yet, but future of iGaming will not only involve traditional games like Bingo, Poker, Blackjack and other games from gambling family, but it may suck into business chess, scrabble or even social media platform games like Farmville or Angry Birds. The basic concept is to make available for gamers to play their favourites, inlcuding betting and putting money on stakes. The idea itself has been developed and put into practice by Virgin company, creating “Pay-to-play” based system. It allows players to enter tournaments and win cash prizes.

In US the law is hostile towards operators who offer videogames bets. How then Virgin manages to avoid lawsuits? In order to avoid law regulations and constraints, the operator provides sweepstakes and contests. Winners simply get cash prizes. What’s more the secret lies in the distinction between the games of skill (videogames) and chance (gambling games). The latter category is under strict law regulations.

This means huge opportunity for iGaming business which can widen its scope of interests. Nowadays, companies consider to implement the idea to social media platforms where possibilities are vast, due to number of available games. However, under current law scheme in US, it is still tough to find good solution.

If the whole new concept of iGaming launches in the future and becomes reachable through computer and smart phones, it would sincerely revolutionize the industry.

Share this entry: gplus-button facebook-button linkedin-button twitter-button
or go back to NEWS page
Array
(
    [0] => stdClass Object
        (
            [ID] => 140002
            [post_title] => EveryMatrix gains Associate Member status in the European Lotteries Association
            [post_date] => 2020-07-09 14:57:38
            [post_name] => everymatrix-gains-associate-member-status-in-the-european-lotteries-association
        )

    [1] => stdClass Object
        (
            [ID] => 139996
            [post_title] => ThunderSpin announces content agreement with BetConstruct
            [post_date] => 2020-07-09 14:41:13
            [post_name] => thunderspin-announces-content-agreement-with-betconstruct
        )

    [2] => stdClass Object
        (
            [ID] => 139984
            [post_title] => Experiencing a mysterious world with Pragamtic Plays new title Drago - Jewels of Fortune
            [post_date] => 2020-07-09 13:34:48
            [post_name] => experiencing-a-mysterious-world-with-pragamtic-plays-new-title-drago-jewels-of-fortune
        )

    [3] => stdClass Object
        (
            [ID] => 139990
            [post_title] => Yggdrasil and AvatarUX launch latest PopWins gameWildPops™
            [post_date] => 2020-07-09 13:27:58
            [post_name] => yggdrasil-and-avatarux-launch-latest-popwins-gamewildpops
        )

    [4] => stdClass Object
        (
            [ID] => 139985
            [post_title] => GrooveGaming recognised as one of the 10 Best Technology Solution Providers of 2020
            [post_date] => 2020-07-09 13:16:35
            [post_name] => groovegaming-recognised-as-one-of-the-10-best-technology-solution-providers-of-2020
        )

)
Book pass today!
今天就预订你的门票
Affiliates register free.
Low fee for all other delegates.
Find out now.

网上代理注册免费
其余参与代表也只需要很低的价格
Book Your Pass!

latest magazine

SiGMA Aftermovie

Upcoming Events

LATAM Digital Summit

22/09/2020

The inaugural SiGMA LatAm is set for Sep 22-24 with a virtual summit focusing on three themes: SiGMA LatAm Focus, AIBC LATAM, and SiGMA Deep Tech.

Learn More