What will be the next big industry move?

[Fundamentals Of]

Gambling regulations are imposed on gambling in general. There is no distinction whether a gambler is poor or not. If a gambling jackpot is to be heavily taxed, there would be no special treatment if the winner is a poor man.

It is also probably not correct to say that gambling is mostly for the rich people. Rich people may gamble in huge amounts because they are rich, but in my observation the number of poor gamblers are much higher than the number of rich gamblers.

Because, poor people have a lesser money and they will try to gamble to increase their wealth. It is wrong to discriminate poor people and why will the gambling company do it when they can maximize their income when both rich and poor people are going to play with them instead of only one.

I think it is all right if a gambling company discriminates poor people from rich people. There are so many gambling casinos that are built with only the rich people in mind. In these casinos, the poor are not barred from entering but they wouldn't probably enter because they cannot afford. That's not the kind of discrimination I am against. How many resort and casinos that are actually operating exclusively for rich people? There are so many of them. But this does not mean the poor people are deprived of gambling. They also have their own ways of doing it.

And I like the concept of elite casinos. 

Previously, the casino had a strict dress code.  For ladies - evening dress.  For men - a tuxedo and a bow tie.  In the casino people smoked expensive Havana cigars and drank Veuve Clicquot champagne. 

It created a festive atmosphere.  You ended up in high society (the casino had the atmosphere of a movie about 007 James Bond).  Over time, things got easier.  The casino has become more democratic.  Previously, the casino was not allowed in sportswear and sneakers. 

As a result, the atmosphere of elitism disappeared.  I think in the future we will see a resurgence of elite casinos.

I think casinos today could still be divided between the elite ones and those where ordinary gamblers could play. That's mostly prevalent among land-based casinos. There are casinos in my place where even those who are wearing slippers are allowed. There are even people inside the casinos who are not playing but they're regular visitors. They're simply watching games and even waiting for some tips from regular gamblers who have known them already.

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[Lordshiva]

Let's dedicate a little time to see the last decade headlines on gambling and business (or rather the business of gambling):

https://medium.com/@visualmodo/online-gambling-history-18caa7ec7758

Some headlines:

- Online sports betting sites come to live in the middle of 90s. These have evolved massively (online poker did not even have graphics at first).

- Regulations on gambling are clarified and old laws reinterpreted 

The Wire Act prohibits the electronic transmission of information for sports betting, but a 2002 ruling crucially ruled that “in plain language” it does not prohibit internet gambling on a game of chance

- In 2019, Disney generated around 55B. The gambling industry 59B.

Gambling industry is on the move in the last years. Legalisation across Europe and USA has forged new empires, online gaming has received all the positive impacts from COVID confinements and it seems that is going to be plenty of consolidation in the future. What is your personal bet on the next big events in the betting industry?

We have seen the latest breakthrough in gambling with the development of the Internet. Meta universes are a huge prospect to make a new breakthrough in the gambling industry. Have no doubt that the gambling industry giants as well as the technology giants will follow the trends that bring us new technologies. The gambling industry has a lot of money that will be used to attract new players and improve the experience of existing players.

[Lucasgabd]

The next big thing for the industry has to be casinos in the metaverse right? I’m sure every casino on the Vegas strip has a room full of coders slapping together the framework for their own metaverses. Virtual reality tech has gotten to the point where things like Walmart’s demonstration of their metaverse will be a reality for every big company. Gambling seems like one of the more obvious beneficiaries of this move and I think it will become a major use case for crypto in 5-10 years.

probably when we have good metaverse tech in place we'll see casinos developing but not only that
lots of things
from all kinds of games to watching sports tournaments and more!

[Renampun]

...

Adoption will continue Crypto casinos will eclipse fiat-based and physical casinos and metaverse will be integrated into the gambling casinos, we have seen it happening right now and the gambling industry revenue will double because gamblers will prefer playing in Cryptocurrency based casinos because of its anonymity and transparency in the blockchain, there will be more partnership and top casino cities will embrace and set up online Cryptocurrency casinos and will forge partnerships.

For those who don't like crowds and are busy at home like me, gambling with the metaverse is a great thing...

taking care of the house, husband and children I will not be able to do if I have to go to an offline casino but if I can do it with metaverse then I will be greatly helped, metaverse is a great thing that if used by casino business people, the profit opportunities they can generate very large.

[KTChampions]

For those who don't like crowds and are busy at home like me, gambling with the metaverse is a great thing...

taking care of the house, husband and children I will not be able to do if I have to go to an offline casino but if I can do it with metaverse then I will be greatly helped, metaverse is a great thing that if used by casino business people, the profit opportunities they can generate very large.

What is stopping you from playing online casinos now? Do you want to feel the chips with your fingers or follow with your eyes as the ball moves around the roulette wheel? I just don't understand why the metaverse is in gambling - all the possibilities for playing online already exist. For me it sounds like "I so want them to make the Metaverse faster - I so want to play poker."

[madnessteat]

^

Haha. I think that most of today's gamblers will remain to play in our usual online and land-based casinos because we are already used to it. Of course we want a new experience but I don't think many of us will be able to spend time in the metaverse on a daily basis. In my opinion it is similar to the way they once released TVs with 3D that almost no one watches at home now.

[mindrust]

The next big thing for the industry has to be casinos in the metaverse right? I’m sure every casino on the Vegas strip has a room full of coders slapping together the framework for their own metaverses. Virtual reality tech has gotten to the point where things like Walmart’s demonstration of their metaverse will be a reality for every big company. Gambling seems like one of the more obvious beneficiaries of this move and I think it will become a major use case for crypto in 5-10 years.

What is the difference between a common online-casino and a metaverse casino? Both are virtual anyway. To me they are the same thing. Would it make a difference if you see 3-d modeled people around while you are gambling? I don't understand what is the big fuss about metaverse. FB collapsed big time in the stock market yesterday too. I guess people realized meta is a nothingburger.

[molsewid]

What is the difference between a common online-casino and a metaverse casino? Both are virtual anyway. To me they are the same thing. Would it make a difference if you see 3-d modeled people around while you are gambling? I don't understand what is the big fuss about metaverse. FB collapsed big time in the stock market yesterday too. I guess people realized meta is a nothingburger.

Yes I do agree with you mate that online casino and metaverse casino is the same in a way of virtual thing however I think these two things will be only different in a way of experience of a gambler inside the website or platform. I mean, I am expecting that in terms of metaverse feature I am thinking in a way of virtual reality experience like a technology gadget will help you to be virtually taking you inside a casino ambiance environment. But whatever it is as a gambler I still wanted a secured site having a good response on complaints of gambler.

[Woodie]

The next big thing for the industry has to be casinos in the metaverse right? I’m sure every casino on the Vegas strip has a room full of coders slapping together the framework for their own metaverses. Virtual reality tech has gotten to the point where things like Walmart’s demonstration of their metaverse will be a reality for every big company. Gambling seems like one of the more obvious beneficiaries of this move and I think it will become a major use case for crypto in 5-10 years.

With those numbers that we are seeing that facebook has suffered over the last couple of days.... I honestly dont see people really signed in into this whole metaverse thing... It will need a lot of work from these guys to convince people to be signed up for this. But gambling on the other hand has to be a winner here because crypto and technology all compliment it.

[lixer]

The next big thing for the industry has to be casinos in the metaverse right? I’m sure every casino on the Vegas strip has a room full of coders slapping together the framework for their own metaverses. Virtual reality tech has gotten to the point where things like Walmart’s demonstration of their metaverse will be a reality for every big company. Gambling seems like one of the more obvious beneficiaries of this move and I think it will become a major use case for crypto in 5-10 years.

In the metaverse world, we can do anything we want virtually but the experience wont be complete without of course playing a gambling inside it so this is possible. Almost every new projects that we see now has a relation to metaverse but usually they are video game's and I rarely saw a gambling site so far but in the upcoming months and years why not? But, before the metaverse craze came out I already saw a minecraft game where you can play gambling inside it.

It was so cool but there is only one game it can support. That might be the reason why it is not really that successful but it is not too late for them to continue developing the game .

[Kakmakr]

The next big thing for the industry has to be casinos in the metaverse right? I’m sure every casino on the Vegas strip has a room full of coders slapping together the framework for their own metaverses. Virtual reality tech has gotten to the point where things like Walmart’s demonstration of their metaverse will be a reality for every big company. Gambling seems like one of the more obvious beneficiaries of this move and I think it will become a major use case for crypto in 5-10 years.

Well Facebook are moving more towards a Metaverse direction, but I doubt that they will be offering any gambling related content? I think they will make some partnerships with Fortnite or Roblox to join them in the future.

https://www.protocol.com/newsletters/gaming/facebook-gaming-metaverse?rebelltitem=1#rebelltitem1

In any way... they can make the gambling section "Adults Only" and use your facebook account to validate your age. 

[iv4n]

...

Well Facebook are moving more towards a Metaverse direction, but I doubt that they will be offering any gambling related content? I think they will make some partnerships with Fortnite or Roblox to join them in the future.

https://www.protocol.com/newsletters/gaming/facebook-gaming-metaverse?rebelltitem=1#rebelltitem1

In any way... they can make the gambling section "Adults Only" and use your facebook account to validate your age. 

Facebook will have games even in the metaverse... even now we can play there so many different games, even gambling ones like poker or slots, for free of course! You can pay if you wish to have more chips or something, but only for spending, not returning! That will not change for sure! And why would we expect Facebook to do the next big thing in the gambling industry? It's not their direction, it has never been!

We got a new topic in the gambling section, some of you saw it probably! 🎲MYLOTTERY.io 🎲 💰 Reinventing The Gambling Experience 💰 - https://bitcointalk.org/index.php?topic=5384354.0 This is the second or third one similar in the past months as I remember correctly! There's a hype definitely, but only time can tell whether some of all these projects will last and achieve something... I still didn't see anything real from all that talking about metaverse!

[johhnyUA]

Facebook will have games even in the metaverse...

But i doubt that even at least one of this games will be gambling game 

even now we can play there so many different games, even gambling ones like poker or slots, for free of course!

You also forget about a lot of gambling games from Asia, like go or mahjong.

And why would we expect Facebook to do the next big thing in the gambling industry? It's not their direction, it has never been!

Agree. I doubt that Facebook (META) will create something related to gambling. Especially that FB has not the best reputation for now, and it can only make it worse.

[DoublerHunter]

The next big thing for the industry has to be casinos in the metaverse right? I’m sure every casino on the Vegas strip has a room full of coders slapping together the framework for their own metaverses. Virtual reality tech has gotten to the point where things like Walmart’s demonstration of their metaverse will be a reality for every big company. Gambling seems like one of the more obvious beneficiaries of this move and I think it will become a major use case for crypto in 5-10 years.

What is the difference between a common online-casino and a metaverse casino? Both are virtual anyway. To me they are the same thing. Would it make a difference if you see 3-d modeled people around while you are gambling? I don't understand what is the big fuss about metaverse. FB collapsed big time in the stock market yesterday too. I guess people realized meta is a nothingburger.

^ I agree with your opinion, they are the same in virtualization but the more cost is on metaverse which is people need goggles on it for virtualization.
However, I am not against this, probably that is a part of the improvement that should take a look, many people wanted to explore something different and when they know that this metaverse is not reliable at all, they will surely back into an old industry which is normal of making virtualization.

[delfastTions]

The means of technological progress are certainly important and relevant.  All of these vr glasses and Metaverses are interesting and will obviously be used in the gambling industry.  
But I would like to dwell on the issue of the psychological comfort of gambling, of course, taking into account the worries about a possible loss.  As I understand it, what annoys casino users the most now.  You all know this very well.  First of all, everyone understands that if you are lucky and the casino works with a provable honesty mechanism and you win a correspondingly large amount, then you will definitely have a question, will you be able to get this money without any problems?  Any experienced person will say - depending on how much he won, well, for example, he was lucky - he won $4000!  And then the stage of psychological stress begins.  You need to do KYC.  KYC may not suit the casino and will torment you, for example - to scan and present receipts for utilities that you do not have.  Well, there may be other options for "bullying" by the casino.  If you still received the winnings on your account and you are a law-abiding citizen, then you must again experience psychological discomfort from the fact that you need to deal with taxes on winnings.  And you can be wrong.  

So this is the dream for the next big step in the gambling industry.  
Minimize all such psychological stresses and disorders not related to gambling itself, but associated with all the "garbage" that you will inevitably encounter now.  In almost any casino from those that now work both in fiat and of course in cryptocurrency.

[michellee]

but on the other hand it will still be a development and still not perfect.
when looking at the future of course this will be very good for the future of the meta itself but on the other hand things like this I think will still be something that is quite difficult because its development still needs time for now.
and sometimes there are some people who will still be constrained by the price later.
but I strongly agree that this will provide significant changes and impacts later

As we can see, gadgets are getting smaller and yet powerful. Just look at the evolution of smartphones, laptops, and other gadgets. So the VR gadget is no exception here. Sooner or later, we will see smaller glasses that can be used in the VR world. It is not far from happening because technology is getting sophisticated everyday. As VR market is expanding, their tools are also getting more advanced and revolutionary.

we are still going there and innovations like this will continue to happen and cannot be avoided at this time.
but on the other hand sometimes we see that economic progress like this adds to the burden for those who are difficult to move and will only benefit a few parties. On the other hand, the development of times like this is sometimes always misused by some irresponsible people as well.
The metaverse will indeed be very interesting to follow, because there must be something interesting to see, both positive and negative.

The innovations will grow after many companies manufacture realize the demand for VR gadgets increases, which can trigger massive production of VR gadgets. And they need to search or invent a cheap cost material for the VR gadgets that can be useful for massive production. Once they can get that, the cost to create 1 VR will not be too high and that can make the VR gadgets price reduce because they want to target many customers who want to feel the VR experience.

[livingfree]

And why would we expect Facebook to do the next big thing in the gambling industry? It's not their direction, it has never been!

Agree. I doubt that Facebook (META) will create something related to gambling. Especially that FB has not the best reputation for now, and it can only make it worse.

I can't think why Facebook is going to be in line with the gambling industry. They have their metaverse and maybe that's what people are thinking they'll put a VR casino inside their platform.

But I don't think that they'll do that.

Every single thing that FB does is always on the news and that will create ruckus and division on what people think about them as a business.

[rhomelmabini]

And why would we expect Facebook to do the next big thing in the gambling industry? It's not their direction, it has never been!

Agree. I doubt that Facebook (META) will create something related to gambling. Especially that FB has not the best reputation for now, and it can only make it worse.

I can't think why Facebook is going to be in line with the gambling industry. They have their metaverse and maybe that's what people are thinking they'll put a VR casino inside their platform.

But I don't think that they'll do that.

Every single thing that FB does is always on the news and that will create ruckus and division on what people think about them as a business.

It will really make things worse for them even on the next decades to come I guess. I think the VR or Metaverse industry will fit them right but gambling is really out of context to be added here.

They're always a headline perhaps in terms of security and personal data since most of these news always do refer onto that. They'll definitely not be in line with gambling, if they do then that would be the Achilles heel of their business.

[madnessteat]

The next big thing for the industry has to be casinos in the metaverse right? I’m sure every casino on the Vegas strip has a room full of coders slapping together the framework for their own metaverses. Virtual reality tech has gotten to the point where things like Walmart’s demonstration of their metaverse will be a reality for every big company. Gambling seems like one of the more obvious beneficiaries of this move and I think it will become a major use case for crypto in 5-10 years.

What is the difference between a common online-casino and a metaverse casino? Both are virtual anyway. To me they are the same thing. Would it make a difference if you see 3-d modeled people around while you are gambling? I don't understand what is the big fuss about metaverse. FB collapsed big time in the stock market yesterday too. I guess people realized meta is a nothingburger.

The metaverse plans to use new technologies such as AR/VR, which will give users a new experience. The gaming experience in the metaverse itself will be similar to the online casino and we will play the same games. The only difference is that the metaverse is able to combine a lot of entertainment. Online casinos have a fairly narrow specialization, but if a person wants to play gambling he has no reason to visit the metaverse.

[macson]

The innovations will grow after many companies manufacture realize the demand for VR gadgets increases, which can trigger massive production of VR gadgets. And they need to search or invent a cheap cost material for the VR gadgets that can be useful for massive production. Once they can get that, the cost to create 1 VR will not be too high and that can make the VR gadgets price reduce because they want to target many customers who want to feel the VR experience.

VR/AR technology will become commonplace in the future because the market predictions are very large.  all businesses in the world will adopt VR/AR, gambling, sports, offices and even community services will adopt VR/AR.  if mass adoption occurs then cheap VR/AR materials can't be avoided, that's a good thing because competition is fierce.