Innovation in Gaming: What Sapar Karyagdyyev was talking about at CasinoBeats Summit
Gamingtec team is participating in CasinoBeats Summit, our company sponsors the event. Sapar Karyagdyyev, CEO, took part in a panel discussion “The Search for Innovation in Gaming” on September 18. The discussion covered several topics: innovation culture in online gaming, best ways of developing the industry, fresh creativity as a driving force for marketing development, and roles of the law regulation in the process of entering new markets.
“It is nice to meet colleagues from Casumo, LeoVegas, Playson, and Play’n Go and discuss opportunities to move forward together. New ideas and innovative solutions make this conference such an important event that Gamingtec team simply cannot miss it,” – said Sapar Karyagdyyev. The speakers talked about the possibilities for startups to enter the iGaming market. According to Sapar, there are a few necessary components that should be taken into account such as the ease of entry for disruptors, the appeal of the industry to outsiders, and the regulation.
“I think, iGaming is still a pretty much very closed industry with little information known to the outside world. Increasing the awareness will eventually lead to other e-commerce companies entering the industry in one form or another,” – said the speaker. According to Karyagdyyev’s presentation, the industry is dominated by “big boys” with very few new good companies making headways. The trend for consolidation, pushed by the rising cost of business and regulation, is making this situation even worse. In other words, Karyagdyyev believes that the industry is heading strongly towards some kind of perfect oligopoly where each market is dominated by a handful of incumbent companies.
Among the developments that will impact innovations in iGaming industry, Sapar Karyagdyyev listed faster internet, bigger and better phones. “One notable thing I’ve noticed was a video on Linkedin showing a slot game being played in Tesla. With auto-pilot on and with permissions in place…could be interesting, couldn`t it?” – he finished the speech.