Alan Burak, Monografie’s VP, shared thoughts regarding the changes and accomplishments of the Latin American gaming segment throughout last year. Additionally, the expert talked about the perspectives of development and investment in the sphere in 2024.
As his corporation is an organiser of worldwide-known SAGSE conferences and exhibitions in the Americas, Mr Burak also voiced plans for the business events in the coming months.
Industry’s Performance in 2023
The VP said it has been the year of exceptional results. The expos gathered many more attendees than during the previous editions, which signifies the sector’s recovery from the pandemic’s restrictions. The corporation has organised over 30 meetings throughout 2023 and once again claimed its reputation as a core hub for business and innovation in the region.
The initial hopes and forecasts were exceeded as a lot of significant market players visited the events. This also testifies to the company’s dedication to quality over quantity, with both parameters seeing substantial growth, though. The foreign attendance reached 75%.
Mr Burak highlighted the 4 key categories in 2023:
- sportsbooks offerings;
- casinos and promotion;
- partners and multimedia;
- payments and regulation.
Throughout the period, the great potential and impressive diversity of Latin American gambling niches have been further unveiled. The region is a highly attractive space for entrepreneurs from around the world. The testaments to this are the constant development of the market, a growing number of legalised gaming spheres, etc. It relates to both digital and land-based verticals.
During the last year, SAGSE has been offering fantastic networking opportunities for segment leaders to initiate beneficial partnerships, share valuable insights, demonstrate top developments, etc. The company’s performance also surpassed all expectations and was praised by many exhibitors and other attendees.
Mr Burak noted that the most exciting changes in the whole regional industry were spreading and improving regulation. The authorities did a lot to fight illegal activities, such as terrorism funding, within the sphere. New rules open fresh business opportunities for everyone involved and provide access to innovation and sustainability. The sector has become more adaptable and resilient, which makes it attractive to numerous businessmen.
Expectations for 2024 and Beyond
In Mr Burak’s opinion, this year will deliver several challenges for the regional industry. However, there will also be many amazing opportunities for growth. For instance, the market needs improvement in terms of content diversification, yet the solving of the issue will bring even more chances and ways of prospering.
Another flourishing path is establishing proper regulation in more Latin countries. Some governments plan to introduce new authorities that are set to guide the jurisdictions for a minimum of 4 years. Adapting to these amendments is going to be rather challenging but worthy.
New opportunities cover the emergence of cutting-edge technological solutions. Such products can help with:
- driving innovation within the sphere;
- maintaining healthy competitiveness;
- improving user and player experiences;
- influencing regulation and social responsibility, etc.
The VP also claimed that SAGSE is set to further bolster the regional gaming segment, support a perfect environment for fruitful cooperation between market participants, etc. Mr Burak considers 2024 another thrilling and promising year for the corporation and the local industry as a whole.
Security and integrity continue to be important topics across the sector this year. To ensure top levels of safety, the sphere representatives must resort to modern technologies, collaborate with related industries and explore new ways of engagement.
SAGSE’s experts aim to surpass results gained in the past years. For this, they proceed with providing exceptional, top-rate events, inviting new people and caring about loyal client and partner bases. The company is set to expand in the internet niche by delivering exclusive experiences both at in-person events and via web platforms.
Mr Burak also encouraged everyone to attend SAGSE expos this spring and summer in the following cities:
- Buenos Aires, Argentina (March 20−21);
- Ciudad del Este, Paraguay (May 20−22);
- Miami, the United States (June 27−29).
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