iGB Live is one of the biggest annual events in iGaming, and a prime opportunity to see what the future holds for the ever-expanding online gambling industry. The next event is in Amsterdam in July next year, and once again it will provide various networking opportunities for players in the business.
The latest edition of iGB Live showcased some of the latest innovations in the slots market and gave a glimpse into how the booming game category will look over the next few years. There will be plenty of opportunities for business development in iGaming at the next edition of the event.
Innovation in Online Slots
While the iGB live events always focus on a wide range of offerings in the iGaming sector, slots tend to be at the forefront of discussion. This is because they are the most popular titles at online casinos and the ones that are evolving the fastest. Developers are constantly trying to come up with innovations that push the slots market forward.
One of the most recent examples of this is the Megaways mechanic, which was invented by the Australian studio Big Time Gaming. Megaways slots have an additional reel and can have more than one symbol showing at any time. This allows for more than 100,000 ways to win. The mechanic has been so popular that BTG franchised it to other studios, and now there are countless Megaways titles on the market to choose from. These include titles like 5 Lions Megaways and Mystery Reels Megaways.
Business Development in iGaming
iGB Live provides many opportunities for business development in the industry, and BTG’s success with Megaways was a great example of this. Thanks to showcasing the new feature at events like this, the company was able to use it as part of a new business model. Instead of only making money from its own Megaways games, it also opened new revenue streams by allowing other studios to use it and pay franchising costs. This is a common strategy with businesses in the gaming industry, where engines are often used by multiple studios. For example, the Unreal Engine is used by countless developers in the console market.
Showcasing innovations like Megaways also helps other studios think about how they too can help boost the iGaming sector and push it forward in its evolution. It’s clear that new features like this can boost player engagement and attract a wider audience, and there has been a snowball effect since Megaways was released. Other mechanics have exploded onto the market, helping to increase the variety available.
iGB Live is most famous for being a hub for innovation. However, it also acts as a premier networking event for professionals in the iGaming industry. Every year, it presents an invaluable opportunity for industry leaders, operators, and providers to connect and forge meaningful relationships.
Anyone with an interest in the evolution of the iGaming sector would be wise to follow events like iGB Live closely. It’s one of the most important dates on the iGaming calendar and always provides a glimpse into what the future holds.
Also Read: What businesses can learn about market adoption from the iGaming industry
