I’ve been in the eGaming industry on a number of levels and in a number of capacities for 7.5 years now, a lifetime in that sector. Over the past couple of years specifically it has become increasingly clear that the industry is completely stagnant from a product perspective. I were to specifically look at the following major channels: Sports, Casino, and Poker you can see some innovation there.
Sports: the introduction of live betting and interacting with customers through social media (not spamming them) has grown the industry somewhat. Personally I enjoy “In Game” Betting.
Poker: arguably this is the most social and progressive of the channels. Since poker is community based there a a number of interesting innovations that have taken place but as for pur “innovation” it’s still Texas Holdem without a ton of innovative build outs to that strategy and product development.
Casino: this is the stagnant sector. The traditional “money sucking machine” of the industry the competitive landscape is filled with less than reputable (trust me) offshore operators who hold their concepts of slow payouts, shady tactics and questionable marketing very near and dear to their hearts.
There are a number of reasons that this sector has not innovated from lack of regulations (promoting owners with criminal histories to maintain a fairly decent operation) to software providers who do not innovate their products or services which will always impact the marketing (if you haven’t got anything but another Casino Bonus to promote then what are you *really* selling?)
Well I ran into Absolute Casino today and was very impressed. The actual site on registration is clearly in a testing phase but the concept is fantastic (it’s actually exciting – which is new for me especially in the past couple of years). A social network aware multiplayer casino with Facebook integration.
This is brilliance and something I personally have pitched to previous consulting clients. The problem they have is paralysis, everything is so comfortable for them at the moment that innovation has gone out the window. There is also a level of arrogance, simply put – many operators are completely unwilling to invest the money and the resources into innovative products.
But if you look at Facebook, have a peek at the Poker, Casino and Gaming apps. There are hundreds of thousands of people playing on a regular basis. Mainly because Facebook makes it social, I’m not downloading some software client and clicking on a video slot machine. The interaction is the thing that makes this extremely unique.
I look forward to checking out the final product in a month or two. It should be very cool and could potential be a disruptive force in the world of eGaming. I hope so. The industry simply is no longer interesting and it is clearly being left behind, with it’s head stuck in the sand.
But it’s nice to know I am not alone in this point of view. Hussein Chahine who is the founder of Advanced Gaming Labs (and Absolute Casino) has it dead to rights:
“I have been a technology provider to the gaming and betting industry for the past five years and it became clear to me that the industry has stopped innovating. The technology suppliers are too removed from the consumer, while the operators are falling short of understanding and building a business that embraces today’s social-networked internet world. This has presented a unique opportunity for us to enter the market as a new gaming company, where millions of concurrent players are empowered to connect [and] compete.”
This should be of particular interest to any affiliates out there who are making money from the traditional model. The days for these sites are numbered unless there is innovation, have a look at the next generation of gaming providers and set yourself up for shifts in the industry. Being left behind is the worst danger.