Interviews
Exclusive after SBC interview w/ Anna Motruk, Partner at Energame
Anna, you’re an expert in corporate growth and governance, and your panel at the SBC Summit focuses on interpreting the economic outlook. How do you see the changing consumer spending power affecting the affordability regulations in the iGaming sector?
The shifting landscape of consumer spending power has a notable impact on affordability regulations within the iGaming sector. A central challenge for businesses operating in this space is to ensure that the customer’s entertainment journey is as seamless as possible, particularly in regions where financial constraints are prevalent. Recognizing the significance of affordability and accessibility, iGaming companies are increasingly focusing on providing value-driven experiences to cater to a broader range of users.
One of the noteworthy customer-driven trends in this context is the influence of influencers and opinion leaders, often referred to as a “new religion” in consumer behavior. This trend is not only transforming iGaming operations but also shaping general lifestyle choices in various countries. As influencers hold sway over their audiences, iGaming companies are leveraging their reach to enhance brand engagement, promote responsible gambling, and tailor their offerings to align with changing consumer preferences. In this evolving landscape, maintaining a balance between providing entertaining experiences and adhering to affordability regulations is vital for long-term sustainability and success in the iGaming industry.
With your extensive background in M&A and joint ventures, can you share some insights on how companies in the iGaming sector should approach mergers and collaborations, especially in the uncertain economic landscape of 2024?
In navigating today’s dynamic business landscape, it’s essential to consider several strategies for success. Firstly, although mergers and acquisitions (M&A) activities have seen a slowdown, consolidation remains a crucial tactic. Companies should assess their portfolios and streamline operations where necessary, focusing on core strengths to remain competitive and agile.
Secondly, strategic positioning and a growth-oriented mindset are paramount. Businesses that adapt to changing consumer preferences, market trends, and technological advancements are more likely to thrive. Investing in innovation is key, as it not only keeps you relevant but also opens up new revenue streams and opportunities. Equally important is cultivating and retaining top talent, as they drive innovation and contribute to a company’s competitive edge.
Lastly, expanding into burgeoning markets, especially those showing promising growth potential, can be a strategic move to accelerate success. A comprehensive approach that combines these strategies can position a company for resilience and prosperity in a rapidly evolving business environment.
You’ve been a vocal advocate for workplace equality and women in masculine business sectors. How do you think the iGaming industry can make strides in these areas, and what role does Energame play in promoting this?
Companies that offer equal opportunities regardless of employees’ gender are not only more profitable but also more financially successful, as demonstrated by a 2023 study conducted by McKenzie Research. This approach enables a comprehensive perspective, better problem-solving, and more diverse solutions. Drawing from my own experiences, I’ve encountered challenges primarily related to unconscious bias. Being a young woman often means that initial interactions lack the formality they should have. It’s crucial to allow individuals, regardless of gender, the time to adapt. Personally, I extend this courtesy to our partners, and it consistently yields positive results.
In Energame women play essential roles in various internal activities, maintaining a balanced representation in negotiations and other scenarios. In recent years, our female leaders have made even greater contributions. Our company promotes work-life balance through flexible requirements, including remote work, business travel, adaptable hours, and comprehensive compensation packages. This flexibility empowers women to manage both their personal and professional lives effectively, fostering their continued participation in the company under more comfortable conditions.
Energame specializes in a wide range of services within the online entertainment sector. What are some emerging trends you’re observing in areas like sports betting, cybersports, and content production?
The iGaming industry is ever-evolving, and in 2024, we can expect to see several exciting trends emerge in the sports business and sports tech market, including the continued growth of Web3, NFTs, and Blockchain technologies, the rise of mixed, virtual, and augmented reality sports experiences, and further steps in Metaverse explorations. I will see a focus on 3 of them:
- Expanding Horizons: The global iGaming market is experiencing significant growth, and we’re seeing promising opportunities worldwide. African and LATAM markets, in particular, are on the rise, with unique advantages and plans for digitalization. Interestingly, even in regions facing inflationary challenges, people are turning to entertainment as a source of comfort and enjoyment.
- Embracing Innovation: The iGaming industry is undergoing rapid evolution, driven by innovation. Influencers and opinion leaders are reshaping marketing strategies, and AI holds the potential for groundbreaking developments. The focus is on fast, user-friendly technical solutions that provide a seamless gaming experience while emphasizing responsible gambling practices. Additionally, blockchain technology is enhancing security by transparently recording transactions.
- Customer-Centric Approach: Prioritizing a customer-centric approach is crucial. It’s essential to provide users with a smooth entertainment journey, especially in regions with financial constraints. Adapting to changing customer trends and diversifying products and services to meet their needs is key to success in this dynamic industry.
Lastly, you often speak about building an ecosystem of synergies. Could you explain what this entails and how it can help companies adapt to a rapidly changing business environment?
To illustrate, consider the tech industry, where companies often form ecosystems of hardware, software, and service providers. By working together, these companies create seamless user experiences, drive innovation, and adapt to changing consumer preferences and technological advancements more effectively than if they operated in isolation.
In summary, building an ecosystem of synergies involves creating collaborative networks that enable companies to adapt to rapid changes in the business environment by leveraging collective strengths, diversifying resources, fostering innovation, and enhancing customer-centricity. It’s a strategic approach that promotes resilience and agility in the face of uncertainty and disruption.
About Energame.
Energame is a management consultancy and an investment advisory firm specialized in online entertainment. The company manages the development and growth of a diverse range of clients within the iGaming sector, encompassing areas of sports betting, gambling, cybersport, fantasy sports, IT platform solutions, and content production worldwide.
Energame offers a comprehensive suite of management services to both early-stage and mature iGaming companies, as well as businesses providing services in this industry.
Interviews
Exclusive Q&A w/ Radek Pšurný, CEO at Match Hype
Match Hype has just won two industry competitions. Talk us through your product.
Match Hype brings engagement from social media platforms like TikTok and Instagram into the sportsbook. Our technology automatically turns raw sports data into short videos full of sports and betting insights. We have the capacity to create up to a million videos daily in more than 30 languages. We also provide hosting and streaming of the videos, and we track everything in the video thanks to our own player. The high level of video experience and the scale make us unique in the market, and we believe that this innovation is extremely needed in the industry—and the judges in the competitions probably agree with us.
What technologies are you leveraging to deliver such a cutting-edge tool/product?
We have more than six years’ experience in developing dynamic video solutions for clients like Microsoft, HBO, and SAP, and a decade in high-end video production for similarly well-known clients. Match Hype is the essence of this. We have developed our own robust cloud infrastructure that enables us to work on a huge scale. We can also leverage the integration of third-party solutions that help us make the video content rich and engaging. The AI boom came at the right time to help us make the experience for the viewer even better.
Who is Match Hype aimed at?
We focus mostly on sportsbook operators, where we think we can bring the biggest value. But we also have clients on the affiliate and media side. Our “competition” at the moment are creative professionals who are able to create one video at a time. To cover hundreds or thousands of events daily, you need huge manpower. With Match Hype, you don’t need that—it’s all automated. Anybody who appreciates this level of efficiency will benefit.
The end users are any sports fans who enjoy engaging videos. So basically everybody.
Has this industry been slow to embrace video content and unlock the potential it offers? If so, why?
It’s hard for us to talk about the whole industry, as we haven’t been part of it for that long. But iGaming feels like a conservative industry where only truly meaningful innovations make it. Fingers crossed for Match Hype being one of them. We are confident because of our track record in other industries, and mostly thanks to the results of our dynamic videos that are already used by significant igaming industry players.
What makes video content so effective at customer acquisition? How can Match Hype be used in this regard?
People just love video content. In the last review, TikTok said that the average user spends around 90 minutes a day on their platform. Platforms like Spotify used to be music and podcasts only; now they are full of videos. You just can’t ignore that. Video killed the radio star, and a static sportsbook is next to die.
And what about retention? How can it be used to keep players engaged and coming back for more?
Imagine that a 30-second video gives you the exact insights to help you make a betting decision without spending dozens of minutes on different resources to gather all the information. People don’t want to read anymore. This is probably an even bigger strength of Match Hype than user acquisition.
What can we expect from Match Hype in the coming months?
We will establish Match Hype as an industry standard for dynamic video content. We’ll bring many more sports like tennis, basketball horse racing and. We are preparing real-time video use cases—for example, half-time updates in football—and new distribution channels like integration directly into streams. The potential is huge. Stay tuned.
Any final thoughts?
For the last year, we have talked with literally hundreds of iGaming experts, investors, and executives. Almost every one of them sees fan engagement as a huge topic in the upcoming months and years. And video will definitely play a key part in it.
Video says more than a thousand words. Give it a go—watch one of our 30-second videos and see for yourself.
Affiliate Industry
Flying high: How RavenTrack is helping operators unlock the true potential of their affiliate programs
We sit down with Adam Rowley, Managing Director at RavenTrack, to understand why data, tracking and optimisation are key to a successful affiliate program
Your tagline is “win at performance marketing”. Tell us more about how you help operators maximise their partnerships with affiliates.
It is indeed. RavenTrack is a powerful affiliate tracking solution that allows operators to track, optimise and grow through their affiliate programs. Our proprietary solution offers an advanced affiliate tracking platform built by iGaming experts – this ensures it meets the unique demands of the industry, including the need to withstand the pace and complexity of affiliate marketing in the online sports betting and casino space. RavenTrack has also been designed to be flexible and customisable so that it can be adapted to individual client requirements. This combination of qualities has seen us become the go-to affiliate software tracking provider for more than 150 brands across the world, brands that are winning at performance marketing with the support of RavenTrack.
Why is tracking so important to the ultimate success of an affiliate program?
Tracking is the glue that holds marketing and sales together in the online arena. But effective tracking requires a platform that delivers reliability, accuracy and a seamless UX so that users can easily dig into the data and generate valuable insights. Speed and reliability are crucial so that operators don’t miss a single click or conversion. To track data effectively, operators (and their affiliate partners) need tools such as pixel and postback capabilities and geo-targeting. The former allows affiliates to track customer activity in real time which helps them maximise the revenue of the brands they work with. When it comes to intelligent geo-tracking, it allows users to identify and aim to funnel traffic through specific locations.
But tracking is just one part of the process and success of an affiliate program– online sportsbook and casino operators must be able to take the data they have tracked and use it to optimise campaigns, both internally and those being run by their affiliate partners.
What does optimisation look like? How does RavenTrack help its customers do this?
Traffic source provides a lot of spoke for optimisation, especially when it comes to things like which affiliate is performing best, changes to traffic, ROI and conversion rate optimisation. With RavenTrack, operators have the insight they need to do this. They can also give their affiliates access to data via their own internal reporting systems – this is done via our two-way API – to help determine which campaigns and creatives are delivering the best results. Operators also need to optimise the commercial agreements they have in place with their affiliate partners, and this means being able to offer them a range of options including CPA, revenue share, CPL, CPM and hybrid.
As operators – and their affiliates – get more experienced at using data and tracking, they will want to customise reports to a pretty granular level so that they can optimise to a much deeper and greater extent. Customisable reports (we have more than 20 reports available), marketplace and dashboards are just a few of the tools we provide to help operators and affiliates optimise campaigns and work to the commercials that deliver for both parties.
And how does all of this come together to help both operators and affiliates scale at pace?
Our fixed-cost model means operators can create as many campaigns for their brands as they like without the worry of additional costs. This in turn makes growing their program pretty straightforward. With a long list of commission structures available (which can be customised by the client) for their affiliate partners, operators can ensure the growth of the program is reflected in the growth of the wider business, ultimately allowing them to maximise profitability from affiliate marketing activity while at the same time ensuring their partners are fairly compensated for the quality traffic they send.
Migrating to a new affiliate tracking platform can cause major upheaval. How do you help operators through the process?
We know that moving to a new platform can be a big decision and a significant undertaking, but we have plenty of options to make it a seamless process from start to finish. This includes working with the affiliate program team to run their old and new program side by side to ensure there is absolutely no drop-off in traffic or lost data. Our UK-based account and customer support team is always on hand to assist during the migration process, and once operators are up and running with RavenTrack – this includes helping them get the most out of our platform and tools.
RavenTrack has only been around for a handful of years but has already achieved great things. What can we expect in the months ahead?
We hit the market in 2018 and haven’t looked back. Today, we work with 150 brands, processing more than one billion clicks per month and £2billion in deposits to date. The operators using RavenTrack to run their affiliate programs have generated more than £500 million in revenue and counting. Our numbers speak for themselves and no matter the size of brand or affiliate program, our solution is the key to unlocking the true potential of affiliate marketing. As for the months ahead, expect more platform updates, new tools and some big-name partnership announcements.
Africa
SmartSoft’s expertise and future vision for the African market
In recent years, the online gaming landscape has witnessed a surge in innovative and engaging titles that capture the interest of players worldwide. Among these, first ever flying crash game by SmartSoft – JetX emerged as a standout game, particularly gaining substantial traction in Africa. This article provides an in-depth examination of JetX, a popular online crash game, and explores the expertise behind its creation. By focusing on the game’s features, the developer SmartSoft Gaming, and insights from an interview with the Vice President Commercial, we aim to highlight the factors contributing to JetX’s success and its impact on the gaming industry.
About SmartSoft Gaming
Founded in Georgia in 2015 by industry experts, SmartSoft set out to create a one-of-a-kind casino games provider that offers high-quality gaming experiences worldwide. By combining interactive features with captivating visuals, we blend gaming and gambling to deliver more engaging, entertaining, and superior experiences. Our mission is not just to attract players but to enhance their enjoyment.
To gain further insights into the development of JetX and the vision behind its creation, we spoke with the Vice President Commercial of SmartSoft.
Rusa Javakhishvili Vice President Commercial of SmartSoft shared insights and analytics from African countries, and outlined future plans. Rusa joined SmartSoft two years ago as Head of Finance and Strategic Projects. In early 2024, she transitioned to the commercial side as Head of Account Management, and is now Vice President of Commercials, overseeing several regions, including Africa.
What was the general concept and inspiration behind JetX?
In recent years, the online gaming landscape has witnessed a surge in innovative and engaging titles that capture the interest of players worldwide. Among these, JetX has emerged as a standout game, particularly gaining substantial traction in Africa. The main concept of the game is that it is easy to play, the player is involved in the decision as much as possible, it is fast and within the fast-paced world we think that it delivers exactly what players need for an enjoyable experience.
How does JetX differentiate itself from other crash games in the market?
At SmartSoft, we appreciate our relationships with partners, it’s very important to us. We constantly think and work to create a valuable product and maintain strong connections with them. SmartSoft’s portfolio includes a diverse range of online casino games, each designed to offer unique features and interactive gameplay but JetX is the literal gem!
JetX is an online crash game that combines simplicity with excitement, offering players an engaging betting experience. This dynamic gameplay requires both luck and strategy, appealing to a broad audience seeking quick, high-stakes action. JetX stands out due to its user-friendly interface, real-time gameplay, and mobile compatibility, making it accessible and enjoyable for players on the go. Its growing popularity in Africa can be attributed to its exciting gameplay mechanics and the potential for significant winnings.
What strategies did you employ to ensure JetX appeals to a diverse audience, particularly in Africa?
When we expanded into the African market, we knew it’s a big and diverse region, so it’s important to understand each country individually instead of seeing it as one market. With our partners’ help, we’re working hard to learn about each country’s marketing practices and what types of games people enjoy. It’s a challenging task, but the African market is a top priority for us, and we’ve allocated resources to quickly build our knowledge in this area.
How has JetX been received by African players compared to other regions? Are there any notable differences in player behavior or preferences?
The African market is one of the most interesting and significant for us, and we believe it has great potential. It is a highly dynamic and exciting market, where players are exposed to a wide variety of games. Their enthusiasm for diverse content gives us inspiration and motivation to create games specifically tailored to their unique preferences and needs. Moreover, they are quick to engage with new releases, eagerly embracing fresh content when it aligns with their tastes and expectations. Although Crash products were introduced only recently, they have quickly become a favorite among consumers. We expect this trend to continue growing.
How do you assess player feedback and incorporate it into ongoing game improvements?
This is a crucial aspect for us. That’s why, in collaboration with our partners, we consistently review key feedback on our games and strive to incorporate it as much as possible into new versions. We strive to bring enjoyment in everything we do – whether it’s in our work environment, or for the end users. Our goal is to delight both the customers and ourselves with our work. Therefore, we integrate gaming’s fun elements into gambling to maximize enjoyment. This approach fuels our drive to innovate and create playful experiences, redefining the gambling industry and making it more entertaining;
What future developments or updates can players expect for JetX?
Our product has undergone numerous changes since its inception, with many more improvements planned. These changes are aimed at delivering the best possible user experience for players while ensuring the product remains of the highest technical quality.
How has the success of JetX influenced SmartSoft’s approach to game development?
JetX, the first Crash game created in 2018, holds a special place as one of the company’s most beloved titles. Its global popularity is evident, and we’re thrilled that players enjoy it. At SmartSoft, having a diversified portfolio is crucial, which is why we release new games every year. As pioneers in the Crash genre, we ensure that we continually expand our offerings. Our goal is to provide players with a wide range of high-quality games they can trust to deliver an enjoyable experience.
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