It was recently announced that Microgaming had promoted Stephen Fisk to CEO. He quickly announced that the company was going back to its roots. The iGaming behemoth first emerged as a platform provider for online casinos before it put a greater focus into game development. Now, Fisk says that it will be concentrating on being a platform provider once again.
This is an interesting development, as Microgaming has always been one of the key innovators in the industry. The company is likely anticipating the rise of VR casinos soon and may be preparing for that eventuality.
What is Microgaming Most Famous For?
Of all the companies in the online casino industry, Microgaming is up there with the most influential. The brand has been in the game since the beginning in the early 1990s and inspired other companies such as NetEnt and Evolution Gaming to develop online casino products. It claims to have invented the first-ever online casino platform, and then it went on to develop numerous online casino titles.
Microgaming has developed countless casino games in various categories. Mega Moolah is arguably its best-known slot game, and the title was one of the first-ever progressive jackpot machines in the industry. It has made the news on several occasions thanks to its mammoth payouts, including the €19.4 million record-breaking jackpot in 2021 on one of its spinoff games.
The company has also made several table games for online casinos. For instance, its European Roulette Gold offering is one of the best roulette online UK games on the market. Among other innovative titles like Felt Games’ Double Ball Roulette and Evolution Gaming’s Lightning Roulette, it still manages to attract players.
VR Could Soon Lead to New Online Casino Platforms
A lot has changed in the online casino industry since Microgaming made its first software in 1994. The sector has evolved as new technology has emerged, and significant changes occurred when broadband internet became widespread. The most recent development was with live streaming, which is now a mainstay of online casinos.
There hasn’t been a major technological development in society that hasn’t had an impact on online casinos, which is why many people are expecting virtual reality to be the next platform to be integrated into gambling sites. However, it’s currently a case of waiting to see if VR becomes the hit it promises to be. According to projections about VR revenue, it could be worth $441.84 billion by 2030, suggesting that it will almost be mainstream at that point.
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When VR becomes an everyday household item, it could potentially lead to new forms of online casinos. The popular entertainment hubs of today will likely still exist, but there could be a new branch of iGaming that uses VR technology. Microgaming has tended to innovate as new possibilities have emerged, and this shift back to its roots could be in preparation for this VR future.
Microgaming has already experimented with VR, and it was lauded for its VR Roulette game that it presented in 2016. This highlighted how the company was ready to move forward when VR became a major piece of technology. Now, under the new CEO, the legacy brand could be getting ready to make VR online casino platforms.
