The growing South African tech industry VS Online casinos

Artificial Intelligence in Casinos

As South Africa has shown itself as an exciting innovator in the tech market, it is difficult to avoid the role of artificial intelligence. While there have been discussions of the risk of AI, because of the absence of policy on the technology, AI will undeniably become a more integrated part of future tech discussions. That also includes its role in casinos. 

We are already seeing the effects of the new technology in online casinos since algorithms work in full force to satisfy both operators and players. By letting algorithms analyze players’ data, operators can tailor recommendations to players. This also includes betting, where AI works to create the most efficient and best odds in casino. While the new AI wave still requires legislation, there is no denying its impactful role in the future. 

Fintech in Online Casinos

The idea of fintech or financial technology is also getting its hold on the tech industry. Fintech has become one of the new players in the market. Because of the transition from brick-and-mortar to online casinos, every aspect of the sector is examined as to how it can be more efficient and easy for players. 

Online casinos allow cashless payment methods instead of using cash as with physical casinos. Since 2020, operators have let players use new payment technologies like e-wallets to experience transparent transactions. Now, players can play more conveniently since they can get instant deposits and withdrawals.  

New Jobs In the Gambling Industry 

With the tech industry creating new opportunities for online gambling, it not only affects operators and players. But also people outside of the industry. According to HyperionDev, IT and Technology are among the most in-demand jobs in the country. And in a country where unemployment is high, this creates new possibilities for South Africans and the economy. This development may create new jobs in the online gambling industry, such as software engineers, lead game testers, and much more. 

Blockchain Technology

Following up on the cashless payment methods in online casinos, the tech industry will also open up for blockchain technologies, which will inevitably become a more significant part of online gambling. Blockchain technology, which is defined by a shared database, makes it possible to store information that cannot be hacked or manipulated. 

An example of blockchain technology is Bitcoin, where every transaction is recorded. Regarding online gambling, blockchain technology allows quicker and more transparent transactions. Therefore, more casinos are offering the option of using different cryptocurrencies. 

New Online Software Providers 

When players view games with high-quality graphics and immersive gameplay, this is the work of the software providers who lay the groundwork for the games. When casino operators offer poker or roulette games, for example, the software providers are the ones who create them. This is why casinos can offer games that differ from others. 

Some software providers may have specific characteristics that make their games distinguishable from other casino games. Other software providers also work with different types of video game franchises, making the games’ quality very high.  

The Role of Gaming 

When talking about online gambling, it often falls under the role of iGaming. It is no coincidence since gambling and gaming are often similar. While there aren’t first-person shooter games in online casinos, the idea of playing strategically is often the same for both types of gaming. Furthermore, the social aspect of gaming with others and chatting with others in casino games is something that the two have in common. As the gambling sector develops, it will be interesting to see if casino games will become more like video games. 

Digitalisation and Mobile Gambling 

Since the South African banking sector has welcomed fintech like blockchain and cryptocurrency with open arms, this is just one example of how digitalization permeates the country. The development is still slow and steady, as research has shown. However, smartphone use in the country is increasing, as around 22 million people own a smartphone. 

Because a third of the population uses smartphones, this could potentially mean a change in mobile gambling. Mobile casinos allow players to access casinos through smartphones, which could improve the industry.  

Prospects of The Tech Industry 

While the tech industry will deal with issues like supply chains and workforce, there are also points of light ahead of us. The high unemployment rate could potentially be tackled if young South Africans get an education and a job in the tech industry. Since young people often pursue tech startups, this could become a new possibility for the market. If the tech industry manages to keep up, this could affect the online gambling sector since the changes could improve games, payment options and more. 

ALSO READ: HIGH bandwidth: SA internet providers RANKED