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3D Online Casino Technology a Hard Sell

There is scarcely a country or an online casino company in the world that didn’t feel the chilling effect of the United States’ Unlawful Internet Gambling Enforcement Act over the past year. By ending offshore gambling financial transactions, some companies were forced to fold, others are still struggling to break into new markets. And because the online casino industry is in such a state of flux, companies that offer alternative technology like Playwize, are having difficulty convincing the internet gambling companies that the technology is worth the investment. Playwize offers 3D gaming technology that is specifically tailored to online casinos gambling.

Playwize is an online poker software provider best known for its licensable Internet 3D poker technology. And prior to the U.S.’s online casino ban, Playwize, known as Bits Corporation, had few problems finding funds for developing and marketing the 3D technology. But the U.S. ban made many online casinos and internet poker companies less receptive to purchasing new licenses, particularly in such a new sector of the industry. 3D capable computer monitors are far from a standard in the homes of internet gamblers, so many internet poker companies don’t see the validity in trying to break into this emerging sector of the industry at this point in time.

And because of the online casino has been in such a transitional period, Playwize will once again report significant full-year pre-tax losses – the company anticipates GBP 1.96 million. But this does not mean that 3D technology is completely out. As many companies recover, or are recovered, from the devastating effect of the U.S. online casino ban, they are begging to become more receptive to riskier business ventures. Plawize announced last week that it has signed agreements with Ladbrokes to develop and supply the company with 3D internet poker technology and software.