The giants of the online slot machine industry

Published 09/07/2022

The giants of the online slot machine industry

This paragraph will talk about world-renowned online slot development companies, which many players also know as licensed providers. To begin with, let’s outline what the term means.

The vast majority of online casinos that offer players slots do not develop them in-house. That would be too time-consuming a process that also requires a significant financial investment. In addition, if the casino offers its own slots without implementing a provably fair algorithm, there is always the possibility that management could tweak the game in their favor. This is where the licensed slot providers come into play: being full-fledged software development companies, they take over the entire technical component of the games, which are then supplied to various online casinos for a fee. The magic lies in the fact that the games are stored on the servers of these independent providers, so casinos don’t have the slightest access to the source code of the games (only to their visual part). Thus, the likelihood that the casino will “tweak” the slot from the licensed provider is completely excluded. In addition to this, the most popular licensed slot developers have several licenses, issued by independent regulators, which in turn are checked at the government level. This is a very serious business with the strictest rules.

List of world-renowned providers of licensed slots, in the creations of which you can play in the best bitcoin casinos include the following big names:

  • NetEnt .
  • Endorphina
  • Microgaming
  • Yggdrasil
  • Amatic
  • Play’n’Go
  • Quickspin
  • Habanero .

Of course, this is not a complete list, there are many other licensed providers and, due to the demand for quality slot machines, their number is growing rapidly.

How it all began

Slot machines are a relatively young type of gambling, if you take, for example, dice or blackjack in comparison. If you believe the English-language article on Wikipedia, the first slot machine was invented in 1891, in New York City by Sittman and Pitt. Most people have an ingrained belief that the first instance of slots was with three reels, which is actually a misconception – there were five reels and the concept of the game was based on poker.

The second instance of such a machine was closer to modern slot machines. It was created by Charles Fay of California (USA). Its mechanics was based on three reels and five symbols: a heart (as a card suit – hearts), a diamond (diamonds), a spade, a horseshoe, and a bell. This implementation of the game allowed the machine to make automatic payments. Who would have thought at the time that someday people would be able to play hundreds of different slots without leaving the house or even using their phones.

In 1976 the industry came close to its present state, with the creation of the world’s first video slot (again, in California), which became available to the general public at the Hilton Hotel (Las Vegas).

Features of bitcoin slots

As mentioned before, compared to other gambling games, slots provide maximum variety in terms of gameplay. This also applies to Bitcoin slots, with minor nuances. For more experienced players, many points will seem obvious (although they can learn something new for themselves as well), and for newcomers this information will definitely be useful.

Cryptocurrency deposits

If a crypto-casino offers slots from independent manufacturers (NetEnt, Microgaming, Endorphina, etc.), most likely the player’s balance and betting information will be displayed in dollars/euros/rubles, regardless of which cryptocurrency the deposit was made in. The reason for this is extremely simple: slot developers have not yet optimized their development for cryptocurrency, which is actually more complicated than it may seem at first glance. However, there is no reason to worry, because experienced casinos have taken care of converting crypto from users’ deposits into regular currency to ensure that players can play any slot machines using cryptocurrency.

The same applies to bonuses for bitcoin slots: for example, if casino’s offer looks like “100% (up to 1 BTC) on first deposit and 100 free spins”, then this bonus is available in the equivalent of any other cryptocurrency accepted by the casino, in which the deposit is made.

Published 09/07/2022
Category: Casino

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