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Question of time for online gambling and gaming to converge
The difference between online gaming and online gambling is well-established. While the former, found at online casinos everywhere, involves playing casino games online, the latter, online gambling, is actual wagering on results of events. Recently, the issue has been discussed, whether online gaming and online gambling would converge, thus creating a new direction for the online casino business entirely.
Robert Kotick, CEO of Activision, a video gaming company, spoke last week of the role online gambling could have in the future of the online casino industry. The business is constantly growing and changing, and Kotick believes a cross-over between gaming and gambling could take place. Such a mix between online gambling and gaming has a potential of being of monumental effects. Discussing the potential of wagering with regards to online games, he said: "There's probably lots of opportunities to figure out how to develop prize play [and] cash play as a future growth opportunity."
As games go increasingly online and focus on multiplayer participation, online gambling can find a greater opportunity to grow. In such a case, online gambling would not be limited to wagering on sports events or world developments, as it is currently, but an added aspect would be added, namely of wagering on online casino games outcomes. A promising scenario indeed for online gamblers, it is now left to see when this development would arrive at our online casinos.
- 26 Sep 2006
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