Electronic Table Games: The Future of Casinos

 Electronic Table Games: The Future of Casinos

Table games have always been a vital aspect of the gaming industry. However, with the increasing labor costs and restrictions in some jurisdictions, manufacturers have pivoted towards developing variants of the traditional table games that now incorporate technology. Electronic table games (ETGs) offer gaming patrons a digital recreation of traditional table games,such as those played in casinos viz., Blackjack, Roulette, Poker, and Baccarat. The trend for ETGs is reshaping the casino market by offering novel mechanisms for bonus and analytical software that is fabricating attractive casino games, especially for the young generation, more so when operators are struggling to extend their reach to millennials, a significant consumer group for most technology markets.

The introduction of ETGs has created a lot of buzz among the group of gambling and gaming young adults. The electronic table games offer the same games as found in the traditional table games, yet the younger generation is increasingly attracted to electronic games. In fact, a generation of 20-something individuals prefers ETGs in lieu of slot machines, which is propelling the industry’s growth. According to a report, the Electronic Table Games Market is expected to garner a revenue of USD 4.59 billion by 2027, from its valuation of USD 2.98 billion in 2019, growing a CAGR of 5.94%. 

Integration of technology into gambling and gaming has paved the way for ETGs in the popular culture. Online casinos are now available at a single touch of the users’ fingertips, albeit under some guidelines and stringent regulations. Increasing adoption of the Electronic Gaming Tables has drastically reduced casinos’ costs while simultaneously increasing payout and the frequency at which the game is played in a one-hour timeslot. The inside of a club equipped with ETGs offers a picture that is an astounding mixture of excitement, chatter, and clubbing among young individuals. The electronic gaming club is equipped with fully electronic and multi-game devices attached to giant screens that recreate a stadium-like experience for the young crowd.

Moreover, the clubs also make sure they respect the privacy of players who need it. Electronic Gaming Tables have loads of games available ranging from Four-card Poker, Ultimate Texas Hold ’em, Blackjack, Baccarat, and Roulette. What’s more, automated menus to the stadium seating takes up the gaming experience up a notch.

The technology incorporated in the electronic machines leverages algorithms that record and track each player’s movements and accurate calculations of the payoffs. The atomization of the process has radically reduced the potential of human bias and error in judgments during the games. Furthermore, the surging demand for ETGs can be attributed to the rising adoption of smartphones. Mobile gaming is a boon to the millennial generation, who are often looking to multitask. Plenty of brick-and-mortar casinos have offered mobile gaming to their customers in a bid to provide them with mobility and convenience. Many users prefer to play poker or blackjack while they are doing something else, like hanging out with their friends. Through gaming on smartphones, casinos offer the millennial generation a way to accommodate their need for gaming or gambling without invoking fear-of-missing-out or FOMO, as it is called. 

Besides, technological advancements, such as voice control ‒ Alexa, Siri, and Echo – and its amalgamation in gaming haveenhanced users’ gaming experiences. Add to that, tables equipped with thisvoice control technology can offer a personalized experience to the players, such as placing an order for food or drinks or hailing a cab. 

ETGs first came into use back in the early 2000s and were rapidly adopted by East Asian casinos. The demand for table games is exceedingly high in Macau, and according to the world casino directory, Macau has over 41 casinos. Stringent regulations that considered ETGs as regular tables caused a restriction to be put on their numbers. Despite that, the city’s new laws still allow casinos to have 55 ETG seats counted as one love table. 

This prompted Macau casino operators to expand their table games, and by 2017, the average Asian casino had a string ETG business with over 5-10% of the space dedicated to ETGs. Moreover, several companies also capitalized on the shifting trend. For instance, Galaxy Entertainment Group, which controls four of Macau’s largest casinos, garnered a total revenue of USD 300 million in 2016, a staggering 14.7% surge from its revenue generation in 2017.

While Asia has rapidly adopted the ETGs, the adoption has been staggeringly slow in broader markets such as North America. This can be attributed to the different categorization of the ETGs by different stages of the U.S. For example, the machines are permitted in New York because they are considered as slot machines. 

In New York, Interblock installed over 1000 units of ETGs in the Resorts World New York City, in what is called the largest ETG footprint of North America. According to the updated information, Interblock has now expanded from 70 jurisdictions to nearly 200. While this is one reason for slow adoption, another is the operators getting rid of the ETGs too quickly, citing their low-level performance compared to the slot. 

In conclusion, ETGs reduce the labor costs drastically compared to the live cost tables, which is beneficial given the current economic scenario. They also offer an enhanced level of efficiency in several segments – no waiting time for a dealer, no waiting on a supervisor when a player buys in, accurate records of bets and payouts, and detailed player ratings. Given that ETGs could potentially cater to markets that have strict rules against live tables and reach out to the younger generation, the ETG landscape is expected to expand over the coming few years.

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