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.
CEO of Gamingtec
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.
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.
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