Aristocrat Gaming’s CEO: Online Casinos Don’t Pose A Threat to Brick-and-Mortar Casinos

We live in a technological age, where digital advancements have certainly served to make life much easier for humans. However, many commentators have been vocal about the threats posed to society by technological advances, especially in light of the rapid developments in Artificial Intelligence.  

Whatever the line of work, it is impossible to ignore the fact that the speed of technological advances is changing the nature of the game; it is therefore understandable that people are expressing concerns about the future. But one has to wonder how much of this is a result of genuine threats or whether it is all a bunch of fear-mongering.

The Changing Nature of Casinos

Technological advances have certainly changed the nature of the gambling space. The advent of online casino portals has made it easier for people to access a wide array of casino games from the comfort of their own homes. Moreover, mobile apps have made it possible to gamble on the go. And with a whole host of incentives being offered to entice new customers, you have to wonder about the future of traditional brick-and-mortar casinos.

True, that surge of excitement when availing of those no deposit free spins gambling bonus codes is something only online casinos offer to their players. But nothing really beats the thrill of going to a casino resort, experiencing the atmosphere and gambling with a crowd of people cheering you on.

This is the optimistic view offered by Aristocrat Gaming’s CEO, Hector Fernandez, who looks at the situation pragmatically, believing there is no reason why online casinos can’t co-exist alongside their traditional brick-and-mortar counterparts.

Looking To The Future With Pragmatism

Fernandez is all about embracing change and implementing a long-term strategy for Aristocrat Gaming that looks to cover both the land-based and online gaming spaces. He has noted that there seems to be a lot of attention given to the growth of online gambling; there is no denying that physical casinos have also developed in a robust manner and will continue to do so for years to come.

He is determined not to see technology as the enemy and has dismissed the popular fear which has stood in the way of many jurisdictions embracing the full potential of the expanding online gambling opportunities.

Despite his generally positive outlook when it comes to online gambling, Fernandez does acknowledge the risks associated with the expansion of online casino portals if the sector remains unregulated. He is clearly well aware of how this will likely lead to an increase in rates of problem gambling and associated issues for society. 

The On-Going Love of Land-Based Casinos

While many commentators may be quick to dismiss the continuing appeal of land-based casinos, with entire markets shifting their focus away from this sector, there are still plenty of examples of traditional casinos holding their own.

For example, the gambling hub of Macau, which is home to some of the biggest casino resorts, has been increasing their efforts to promote tourism which is intrinsically tied to these very resorts. 

Moreover, Fernandez makes the point that following the lifting of COVID-19 restrictions, casinos across North America and Asia saw an influx of consumers despite the fact that many of these people had already been exposed to the benefits of online casinos during the pandemic. 

The Final Word

In short, there is no escaping the fact that technology is changing the nature of the gambling industry. However, as Aristocrat CEO Hector Fernandez has demonstrated, panic is unnecessary. Instead, we need to approach the situation more rationally and find ways to embrace change while acknowledging the strengths and appeal of tradition.