The online gaming industry has rapidly advanced since its inception in the 1990s. At the time, Jurassic-era Internet technology prevented widespread access to online casino games, despite limited regulatory frameworks. The costs of connectivity, the lack of advancement in gaming design and development, and the absence of checks and balances made for a precarious industry.
Towards the end of the 1990s, rudimentary online casino games found their way to markets. Responsible gaming codes of conduct were implemented, but security protocols were sorely lacking. The logistics of the online gaming industry encompass a wide range of topics, including the following:
- Determining Internet accessibility for online gaming efficacy
- Identifying and locating software vendors in the supply chain
- B2B and B2C relationship building, vis-a-vis cost-effectiveness
Unlike traditional retail and wholesale SMEs, online casino enterprises are not required to deliver actual products to customers; all activities are simply virtual renderings of Vegas-style casino games. These mimic the authenticity of an in-person experience. Back in 2010, the online gambling industry – according to Forbes.com – the market was generating $20 billion in worldwide GGR.
That number has consistently ticked higher year-on-year as more regulated markets opened up. Once casinos figured out how to establish an ironclad relationship of trust with players – courtesy of RNGs – operations became much easier. Players typically don’t trust what they don’t understand, but knowing that an online casino independently tested and audited for randomness, fairness, and transparency is a great benefit.
Just How Big Is the Online Gaming Market?
DHL inked an op-ed on,