Connect with us
WINNING COMBINATION

Latest News

6 Traits That Define the iGaming Industry

Published

on

Reading Time: 3 minutes

 

The iGaming industry has been staggeringly successful over the past few years, and all the signs are suggesting that its growth is set to continue in the future. Experts say that by 2027, the industry will be worth more than $127 billion, a significant increase on the $66 billion valuation it was given back in 2020.

This success, of course, has little to do with luck. In the past decade, the industry has become more sophisticated, organised, and innovative, resulting in the kinds of results that insiders always knew the industry had the potential to achieve.

Though the industry is large and contains many different stakeholders, there are a number of distinct traits that have helped to define the modern iGaming industry. Below, we’ll take a look at the characteristics that have driven the industry to success — and which will propel it to even greater heights in the future.

Appealing To a Large Audience 

The iGaming industry is on the rise all across the globe, and that’s thanks, in large part, to the increasing number of people who own smartphones. While gamers do use their desktop computers and laptops to use iGaming products, the vast majority do so using their mobile devices. In 2020, some 74% of the industry’s revenue was due to mobile play.

There are currently nearly 4.5 billion smartphone users worldwide, which has led to a large iGaming audience. By 2029, it’s estimated that the number of smartphone users will have risen to more than 6.1 billion, helping to increase the iGaming industry’s potential market even further.

Extensive Offers and Promotions

The industry couldn’t have attracted so many customers without the use of offers and promotions. In fact, you could argue that the availability of these deals is the main driving force behind the increasing tendency of players to prefer playing at online casinos over real-world establishments. Leading websites like PokerStars Casino offer promotions such as free deals, which allow newcomers to try out the website’s products in a way that wouldn’t be possible in a land-based casino. Las Vegas, for all its qualities, is not in the business of giving away its offerings for free. You’ll find these types of promotions across the iGaming industry, for the simple reason that they’re a highly effective strategy at capturing the attention of potential customers.

Game Development 

The iGaming industry wouldn’t have had such overwhelming success if it was simply offering gamers the same products they could find elsewhere. Online casinos typically offer a much broader range of games than what you’d find in a land-based casino. There are always new slot games being released, for instance, as well as multiple variations of blackjack, roulette, and other casino staples. For a gamer who wants to try the latest casino games, online casinos are the only place to look.

Investment in Security and Trust

Online trust and security are paramount for all digital industries. The eCommerce industry, for instance, only really began to take off once consumers had faith that their online transactions were safe and secure. The iGaming industry, perhaps having learned from the journey of the eCommerce journey, took similar measures to build public trust in its products. They did this by investing heavily in website security, being transparent about its practices, and partnering with celebrities and other brands during their marketing efforts.

Innovation and Development

Finally, perhaps the key factor that has taken the iGaming industry to the top is its commitment to innovation and development. The industry today is vastly better than what it was several years ago, and even that it was offering a high-quality experience to its customers. In the years that come, further strides forward will be made, helping to provide an even better experience.

Final Thoughts

No industry becomes successful by accident. It takes time, effort, and investment. And that’s just what the iGaming industry has done over the past few years — and will continue to do as it moves forward.

Latest News

Gentoo Media – Trading update for Q3-2024b

Published

on

Gentoo Media - Trading update for Q3-2024b
Reading Time: < 1 minute

 

Following the industry’s active developments in recent weeks, Gentoo Media is providing a trading update for 2024.

Third-quarter 2024 revenues are expected to end at EUR 30.4 million with an EBITDA-margin between 46-48%. This marks Gentoo Media’s 15th successive quarter with all-time high revenues.

The Company remains confident in its guidance for full-year 2024 results, with revenues between EUR 125-135 million and an EBITDA margin between 45-50%. In the final quarter, we anticipate strong seasonality, particularly within casinos, along with revenue growth from initiatives launched throughout the year. The Gentoo Media organisation is ready to capitalise on the expected growth in the iGaming sector during this promising quarter.

Jonas Warrer, CEO of Gentoo Media: “We are pleased to deliver our 15th consecutive all-time high quarter, which reflects the strong foundation we’ve built over the past five years. Our deliberate strategy of focusing on sustainable growth through revenue sharing and a measured, disciplined approach has consistently paid off. Our commitment to organic growth and diversity has proven resilient as we adapt to shifting market conditions. We look forward to building on this momentum as we remain well-positioned to thrive in a dynamic market with a long-term vision of continued success.”

Mikael Harstad, Chairman of Gentoo Media: “Our long-term strategy of steady, diversified growth has proven successful as we celebrate another record-breaking quarter. Despite market volatility, our disciplined revenue-sharing model continues to drive sustainable success. The results speak for themselves – our strategy is working, and we’re confident it will keep giving us a competitive edge.”

Gentoo Media will release its full Q3-2024 Interim Report on 13 November 2024.

Continue Reading

Industry Awards

Plucky follows funding round success with EGR Innovator of the Year award

Published

on

Reading Time: 2 minutes

Plucky, the leading platform for monetising free-to-play games and modernising pool betting, has been awarded the Innovator of the Year award at the prestigious EGR Operator Awards 2024, emerging victorious from the headline category which included the likes of Entain, Kaizen Gaming, and PokerStars.

The UKGC-licenced operator was commended for its pioneering means of bringing new revenue streams to free-to-play and fantasy games providers, with its partnership with Genius Sports, powering the first publisher in its agreement – The Telegraph Fantasy Football game with paid leagues, one of its standout deals in the judging period.

The inaugural gaming award win for Plucky follows a successful funding round – which closed earlier in October – that has raised over £500,000 and will provide strategic funding to facilitate the firm’s next stage of growth across its B2B and B2C arms.

The new financing will be used to accelerate Plucky’s free-to-play monetisation arm, as well as expanding the footprint of its pool betting, which allow social circles to easily set-up randomised cash draws on any sporting event, such as the Grand National and Euro 2024. The UKGC-licensed operator is also exploring opportunities within live competitive socialising venues and has imminent ambitions to enter new regulated gaming markets.

Prominent investors entered in the latest round, demonstrating confidence in both the scalable business model that utilises existing partner audiences, and the Plucky team, consisting of serial entrepreneur Sebastian Lewis and fantasy sports expert Matthew Steer, amongst other industry and tech veterans.

Sebastian Lewis, CEO & co-founder at Plucky, said: “The Plucky model has been refined over the past couple of years to ensure it can fully meet the vast demand that we know is there for more engaging free-to-play games and pool betting opportunities. To have this validated with the Innovator of the Year award is testament to the concept and rare capacity to bring new revenue streams and retention opportunities to such a competitive igaming sector.”

“This latest funding round comes at a great time, having demonstrated what Plucky is all about with our partnership with Genius Sports. We’ve shown the appeal that paid leagues and app-first pool betting opportunities have for the end user, and the monetisation opportunities these bring to free-to-play and media partners is vast.”

Continue Reading

Latest News

Spellbinding Freebies and a 222% Match Bonus Await This Halloween on Jackpot Capital Casino’s ‘Hocus Pocus’ Bonus Wheel

Published

on

Reading Time: < 1 minute

As the witching hour draws near, Jackpot Capital Casino’s Glamma brews up Halloween magic on her next stop to Salem (Massachusetts) with her ‘Hocus Pocus’ Bonus Wheel!  Dive into the bewitching tale of three wicked witches from 1600s Salem who rise again to cast spells in the modern world.

“Players, prepare for a frightfully delightful treat! The Bonus Wheel is spinning out hauntingly good rewards: loads of Free Spins, a spooky $24 Freebie, and a 222% match-up that’ll make your cauldron bubble! Get ready to be spellbound on four ghoulishly delightful slots: Spooky Wins, Halloween Treasures, Bubble Bubble 3, and Witch’s Brew.” — Glamma exclaims.

Spooky Wins has Wild Reels, Expanding Reels, and a Bonus Wheel that players can spin to win instant prizes – up to 100X your bet – or the game’s jackpot. Werewolves, Ghosts, Witches, Mummies and Vampires bring lots of Halloween fun to this medium volatility game.

Halloween Treasures, a 243- ways to win slot is full of fang-tastic features such as the golden symbols, automatic multipliers, and progressive jackpots.  When the golden symbols are active, any winning combinations with those symbols increase your win potential!

Bubble Bubble 3 is infused with Winni’s Magic, Hextastic Symbols, Magic Scatters, and Mega Magic Features, ensuring you’ll score wins with every enchanting spell. Let the magic begin!

If you’re a fan of free spins, Witch’s Brew is the perfect slot for you! You can earn up to a shockingly 125 free spins when you land up to 5 Goblin Blood symbols anywhere on the reels during regular gameplay.

It’s a Halloween celebration that promises thrills, chills, and plenty of witchy winnings at the Hocus Pocus wheel from October 24-November 27. 

Continue Reading
Advertisement
Alpha Affiliates
Advertisement

EveryMatrix

Advertisement

Launch your iGaming business swiftly and effortlessly with our comprehensive turnkey solutions

Trending (Top 7)

EuropeanGaming.eu is a premier online platform that serves as a leading information hub for the gaming and gambling industry. This industry-centric media outlet reaches over 200,000 readers monthly, providing them with compelling content, the latest news, and deep-dive insights.

Offering comprehensive coverage on all aspects of the gaming sector, EuropeanGaming.eu includes online and land-based gaming, betting, esports, regulatory and compliance updates, and technological advancements. Regular features encompass daily news articles, press releases, exclusive interviews, and insightful event reports.

The platform also hosts industry-relevant virtual meetups and conferences, and provides detailed reports, making it a one-stop resource for anyone seeking information about operators, suppliers, regulators, and professional services in the European gaming market. The portal's primary goal is to keep its extensive reader base updated on the latest happenings, trends, and developments within the gaming and gambling sector, with an emphasis on the European market while also covering pertinent global news. It's an indispensable resource for gaming professionals, operators, and enthusiasts alike.

Contact us: [email protected]

Editorial / PR Submissions: [email protected]

Copyright © 2015 - 2024 - European Gaming is part of HIPTHER. Registered in Romania under Proshirt SRL, Company number: 2134306, EU VAT ID: RO21343605. Office address: Blvd. 1 Decembrie 1918 nr.5, Targu Mures, Romania

We are constantly showing banners about important news regarding events and product launches. Please turn AdBlock off in order to see these areas.

Privacy Preference Center

Necessary Cookies

We use cookies to make our website work including:
- Remembering your search settings
- Allowing you to add comments to our site

There is no way to prevent these cookies being set other than to not use our site.

Our own cookies

Advertising

Cookies are widely used in online advertising. Neither us, advertisers or our advertising partners can gain personally identifiable information from these cookies. We only work with advertising partners who work to accepted privacy standards such as http://www.youronlinechoices.com/uk/iab-good-practice-principles.

You can learn more about online advertising at http://www.youronlinechoices.com . You can opt-out of almost all advertising cookies at http://www.youronlinechoices.com/uk/your-ad-choices although we would prefer that you didn’t as ultimately adverts help keep much of the internet free. It is also worth noting that opting out of advertising cookies will not mean you won’t see adverts, just simply that they won’t be tailored to you any longer.

We fund our site by showing adverts as you browse our site. These adverts are usually managed by a partner specialising in providing adverts for multiple sites. Invariably these partners place cookies to collect anonymous data about the websites you visits so they can personalise the adverts to you, ensure that you don’t see the same adverts too frequently and ultimately report to advertisers on which adverts are working.

Advertising Cookies, Banner Adverts

Analytics

We use cookies to compile visitor statistics such as how many people have visited our website, what type of technology they are using (e.g. Mac or Windows which helps to identify when our site isn’t working as it should for particular technologies), how long they spend on the site, what page they look at etc. This helps us to continuously improve our website. These so called “analytics” programs also tell us if , on an anonymous basis, how people reached this site (e.g. from a search engine) and whether they have been here before helping us to put more money into developing our services for you instead of marketing spend.

Analytics and Anonymous Visitor Statistics Cookies

Social Sharing Cookies

So you can easily “Like” or share our content on the likes of Facebook and Twitter we have included sharing buttons on our site.

Cookies are set by:
The privacy implications on this will vary from social network to social network and will be dependent on the privacy settings you have chosen on these networks.

Social Website Cookies