Online gambling is the latest trend in the gaming industry. These are reflected in the scores of online casinos that are up and running on the internet. In fact, the numbers have only grown bigger considering the rapid spread of the internet all over the world. As a result, more and more players and gamblers are taking to the internet. Recognizing this trend, online casinos are coming up with a variety of offers to attract the most number of players when compared to their competitors irrespective of whether they are online casinos or land based casinos. These offers are quite attractive and exciting and are popularly referred to as casino bonuses.
Casino bonuses are of several types. Some of the most sought after casino bonuses are signup bonuses, loyalty bonuses and no deposit bonuses. Each of them is setup in such a manner as to reward players and attract them to specific online casinos. Unlike land based casinos, online casinos can be played from any part of the world subject to some regional restrictions. Therefore, there is lot of competition among land based and online casinos to capture the market and increase their share while consolidating for the future. In fact, PWC in its report titled “Playing to Win – The outlook for the global casino and online gaming market to 2014″ has indicated that the industry in 2014 will see a clear shift towards online gaming. It has also noted that Asia Pacific will benefit considerably and that the world will see the emergence of new centers like Singapore. Added to this, it has made the point that to win out in casino gaming, it is vital to understand what your customers want. That success factor will not change at all. Source: PWC
Therefore, it is really no surprise that online casinos are devising various innovations intended to increase their customer base and keep them loyal to them. The signup bonus or welcome bonus as it is popularly called is essentially offered to new players when they join with online casinos. These are exclusively set aside for new players joining casinos and making an initial deposit. As a result, they get a free sign-up bonus of usually the same amount. However, there are some restrictions imposed on their withdrawal though they can be withdrawn if the wagering requirements are met. The next type of bonus is the loyalty bonus. These are given to clients of casinos to show appreciation for continued patronage by players. The usual practice is that they are given out on first deposits made in a month. Another type of casino bonus is the no deposit bonus. In this bonus, players do not need to deposit any money but still get the opportunity to do online gaming. There are several forms of this bonus like free play bonus. It must however be remembered that these bonuses are governed by a set of regulations relating to wagering. Any cashing out would primarily depend on meeting the terms and conditions of the establishment.