Post by
AngusEast on Dec 03, 2020 10:58am
Live Dealer Transformative for Industry and Investors
Early investors will be rewarded in DEAL if you consider Live Dealer as a significant shift from the Bricks and Mortar approach to casinos. B&M is very difficult and costly to scale and has very high operating/overhead costs. You also have to physically show up....as opposed to Live Dealer from your phone or tablet accessible anywhere.
This is similar to the shift we've seen with the arrival of Amazon and its disruption of retailling. To make it even more interesting, the entire Playgon experience has been coded from scratch for mobile....making its technology scalable and accessible 'anywhere' you can use a phone or tablet. That means access to a younger demographic that is playing table games at an increasing rate, and will be at those tables for many years to come.
A few final thoughts, consider that Playgon has a very experienced team with decades of EGaming experience and they're entering a space that right now has three main players: Evolution, Playtech and Microgaming. Two of these companies have market caps that start with a $B....the other is privately held.
I think we're in very good hands with excellent management, in a growth-oriented sector that has one foot in the technology space and another in the EGaming space, which will proove attractive to Operators/Partners from jursidictions around the world.
All the best.