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6 Traits That Define the iGaming Industry
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.
eSports
Akhil Sarin CMO at Easygo named as key note at ICE Esports Conference
Clarion Gaming has confirmed that Akhil Sarin CMO at Easygo, the technology powerhouse behind the success of global brands Stake and Kick will headline the Esports & Games Conference (EGC) taking place on 21 January as part of the ICE Barcelona experience. As a key member of the executive team, Akhil Sarin has been instrumental in securing the high-profile partnerships that have accelerated Stake’s growth, including the Stake F1 team, UFC, Drake, and Premier League Everton FC.
Through these strategic alliances he has amplified Stake’s brand presence at the same time as creating unique, immersive player experiences, in the process setting new industry benchmarks.
Announcing the high profile speaker Will Harding, Head of Esports at Clarion Gaming said: “Securing Akhil Sarin as EGC key note at ICE Barcelona represents a remarkable opportunity for our attendees to gain invaluable insight into cutting-edge strategies in digital and influencer marketing .
“Akhil’s expertise with Stake and Kick.com embodies the forward-thinking, innovative approach that defines the digital marketing landscapes. His participation underscores the calibre of knowledge-sharing that we are committed to delivering at ICE and he is sure to both inspire our attendees and elevate their strategic perspective.”
Looking ahead to ICE Barcelona, Akhil Sarin stated: “Collaborating with Clarion Gaming at ICE Barcelona is an exciting opportunity to showcase Stake’s journey and continued focus on bold partnerships and creative marketing strategies that resonate with audiences.”
He added “The EGC is a vital platform for exchanging transformative ideas and shaping the future of gaming and entertainment. I look forward to discussing Stake’s vision and collaborating with industry leaders to inspire growth and innovation across the sector.”
Latest News
Lucky Jane returns to explore ancient Egypt in 1spin4win’s Lucky Jane in Egypt Win Spins
This game invites players to join the fearless explorer, Lucky Jane, as she guides them through the rich and mysterious world of ancient Egypt in search of big rewards.
In Lucky Jane in Egypt Win Spins, Lucky Jane, the highest-paying symbol in the game, leads players on a treasure-filled journey across the iconic symbols of Egyptian mythology, including the protective eye of Horus, a powerful scarab, the legendary pyramids, and golden Coins. Just three golden Coins are enough to trigger the Bonus Spins round, which is at the heart of the Win Spins mechanic.
During the Bonus Spins, players receive ten free spins where Coins with values ranging from x1 to x100 appear on the 5×3 reels, paying out on any position. The more Coins a player collects, the bigger the potential payout! Players can also uncover the Minipot Coin to win the x100 Minipot or gather 15 Coins to unlock the coveted x1,000 Megapot.
Olga Bogdanova, Art Director at 1spin4win, commented, “With Lucky Jane in Egypt Win Spins, we’ve combined the richness of Egyptian mythology with a new gameplay mechanic that allows players to gather rewards as they go. The Win Spins mechanic works hand in hand with the theme, ensuring that every spin brings players closer to unlocking larger payouts and deeper adventure.”
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From Entry-Level Candidates to Team Leads in a Year — How We Trained and Developed Affiliate Managers at Betmen Affiliates
My name is Margarita, and I am the Director of the Betmen Affiliates program. We launched 1.5 years ago with just 10 active partners. Finding the perfect candidate for an affiliate manager role proved challenging—being such a specialised area, I reasoned that it was much better to train on the job. Therefore, after a short while running interviews, we hired two affiliate managers one of whom had no sales experience and the other who had no experience in traffic arbitrage. It was imperative to us that we hire driven, resourceful, hard-workers; it’s people like these who can launch a new brand almost from scratch and who easily understand that hitting targets sometimes means putting in more than the standard nine-to-six effort—sometimes working longer, sometimes harder.
How We Developed Two Entry-Level Affiliate Managers into Team Leads
How to Train Affiliate Managers: My Case Study
At first, both of my employees brought in very few partners, so I had to transfer some of my own over to them. At the same time, I demonstrated all the steps of partner contact. We began attending events together. Both Alex and Michael quickly took on all my recommendations, improved their skills, and eventually closed many successful deals.
An affiliate manager worth his or her salt must be able to sell the product and influence affiliates to promote it at our offered rate, promote our many payment options, and talk about conversions.
From Affiliate Managers to Team Leads
By the time we needed a team lead, we had formed a close-knit team. Even though I interviewed several candidates for the position, hiring externally did not feel right. The ideal person for the role needed to have strong managerial skills as well as be able to connect with myself and my team. Michael and Alex both recommended each other for the role. I took both their recommendations on and promoted them both to the position. Both Alex and Michael had already proven themselves, were loyal, trust-worthy and hard-working, and always driven to meet their goals
Conclusion: Why Should You Take a Chance on Newcomers?
I hired employees with almost no experience and I have no regrets. I now have a unique team that can deliver amazing results: in just a year and a half, we’ve increased the number of FTDs by 70 times and are steadily moving towards 80,000 monthly deposits. Here are the key takeaways from their stories:
→ A candidate’s enthusiasm is more important than relevant experience. You can teach anyone anything but you can’t spark passion in them. A future manager must be passionate about the work and strive for growth.
→ An employee who grows within the company is highly loyal to their lead and the project. Having moved from a regular manager to a team lead, they are able to train new hires because they know the role inside out. The team will respect leaders who were once in their position.
→ People who love their work drive the brand forward and achieve the best results. They focus not on working hours or weekdays but on the goals they need to accomplish.
I love my employees and am proud of them. I believe we are one of the strongest, most united, and professional teams in the industry.
To learn more about our organization and the remarkable growth of our team, we invite you to read the full article available here. It provides detailed insights into our journey, values, and achievements.
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