A top supplier of gaming software and online gaming content, GameAccount Network has announced plans to bring its free-to-play virtual casino platform to residents of Australia. The United Kingdom-based technology supplier has found international success with Simulated Gaming, an online simulated gaming product that offers genuine Class III slots. Currently attracting millions of users each month, Simulated Gaming allows players to place wagers with virtual money for unlimited entertainment purposes.
The popularity of Simulated Gaming and other free-to-play (or “freemium”) social casinos has prompted a large number of traditional brick-and-mortar casinos to expand operations into the online arena. After partnering with a consortium of prominent Australian gaming venues, GameAccount has entered into a dialogue with relevant governmental regulators in a coordinated effort to bring Simulated Gaming into the country. If all goes according to plan, GameAccount will launch its Australian Simulated Gaming offering in the first quarter of 2015. At that point in time, the individual members of GameAccount’s land-based casino consortium will go public with their involvement.
The payoff for these consortium members could be quite substantial. GameAccount estimates that virtual online gaming will generate more than $300 million per year in immediate additional profits. And this financial boon may only be the beginning. Although real-money online gambling is currently illegal in Australia, the country loses approximately $1 billion on an annual basis to offshore Internet gambling websites and social casinos that face far fewer restrictions.
Simulated Gaming will not only give Australian citizens an immediate, viable alternative to these lucrative offshore operations, but will also set the stage for domestic online gaming with actual legal tender. In the event that the Australian legislature reverses its prohibition on real-money Internet gambling, GameAccount will be ready to upgrade its Simulated Gaming platform at a moment’s notice.Categories: News