XR Casino, Inc., a SaaS solution company, is working on a platform that will allow users to play “extended reality” casino games with one another. The company will provide the service to casinos.
Players will compete using any device, such as a smartphone or a virtual reality headset, thanks to the cross-technology platform. Extended Reality (XR) technologies, such as Augmented Reality (AR), Mixed Reality (MR), and Virtual Reality (VR) will be used on the online gambling platform (VR).
Blackjack, roulette, and slots will be among the first games to be featured in the company's mixed reality minimum viable product, which will launch on August 21. Following that will be sports betting, baccarat, bingo, craps, poker, and keno.
We expect the global extended reality market to grow at a 30% CAGR from $33 billion in 2016 to over $125 billion in 2026. We expect the online sports betting market in the United States to grow at a 50% CAGR to $15 billion by 2025. By 2027, we expected the online gambling market to grow at an 11.5 percent compound annual growth rate (CAGR) to $127 billion USD.
In a statement, XR Casino CEO Dan Martinez said, "XR technologies are changing the way we interact with each other and eliminating the need for expensive equipment." “Tech behemoths like Apple, Google, Facebook, and Microsoft have made significant investments in AR, VR, and MR to speed up mass adoption through both hardware and software solutions.”
Microsoft's Hololens 1 and 2, Magic Leap's Magic Leap 1, HTC Vive, Oculus Quest 2, Samsung's Gear VR and AR-enabled smartphones, as well as the Apple iPhone, iPad, and over 39 Android smartphones and devices, are all supported.