By Jarrett Banks
The SaaS solution company XR Casino, Inc. is developing a platform that will allow users to play “extended reality” casino games among themselves. The company will provide the service to the casinos.
The cross-technology platform will allow players to use any device, such as a smartphone or virtual reality headset, to play against each other. The online betting platform will include extended reality (XR) technologies, such as augmented reality (RA), mixed reality (MR) and virtual reality (VR).
The initial games will include blackjack, roulette and slots and will appear in its minimum viable mixed reality product from August 21st. Sports betting, baccarat, bingo, craps, poker and keno will follow.
The global extended reality market is expected to grow from $ 33 billion to more than $ 125 billion by 2026, with a CAGR of 30%, according to researcher MarketsandMarkets. The size of the U.S. online sports betting market is expected to grow to 50% CAGR and reach $ 15 billion by 2025. The online betting market will grow to 11.5% CAGR and reach 127,000 million US dollars in 2027.
“XR technologies are changing the way we interact with each other and eliminate the need for expensive equipment,” Dan Martinez, CEO of XR Casino, said in a statement. “Technical giants like Apple, Google, Facebook and Microsoft have invested heavily in AR, VR and MR to accelerate mass adoption through hardware and software solutions.”
The list of compatible devices includes Microsoft’s Hololens 1 and 2, Magic Leap 1 from Magic Leap, HTC Vive, Oculus Quest 2, Samsung Gear Gear and AR smartphones, as well as devices such as Apple’s iPhone, l ‘iPad and more than 39 Android smartphones and devices.