The iGB Live 2024 event, held July 16-18, brought together more than 10,000 iGaming industry professionals. It represented a unique opportunity to connect with experts, innovate and celebrate advances in the sector. This was its last edition in Amsterdam before moving to London.
The iGaming industry is at its best. It has a global market value estimated to reach $272 billion by 2024. And at iGB Live, all sectors of iGaming converged to connect and convert the best business opportunities, driving accelerated growth.
The show offered strategies to enter new markets, reduce advertising costs and stand out from the competition. In addition, it allowed attendees to establish valuable relationships to enhance product and game development, as well as discover new market and traffic opportunities that can take their business to the next level.
The ElenPAY team could not miss this key event. iGB Live has established itself as the main meeting point for industry professionals.
iGB Live keeps growing
This year, iGB Live has proven to be the fastest growing online gaming event in the industry. It offered unparalleled business opportunities. Attendees enjoyed free access to 300 exhibitors and sponsors in a space of more than 21,000 square meters. It was 35% larger than in 2023.
International participation was overwhelming, with a 53% increase in registration of industry professionals from 121 countries. In addition to the exhibition of products and services, there were interesting talks and activities. The Pulse Stage hosted the first LaunchPad function, an initiative that showcased cutting-edge technology and innovation courtesy of the gaming industry’s most promising start-ups.
ElenPAY team at iGB Live
ElenPAY was present for the first time at the RAI Amsterdam, both in the exhibition area and in the conferences. It was a pleasure to connect and share knowledge with other iGaming professionals and companies.
At our booth, visitors were able to earn Bitcoin thanks to our partnership with Joltz Rewards. In an interactive action, we used a casino roulette wheel to give out satoshis (the smallest unit of Bitcoin). Our goal was to encourage the audience to interact with our technology.
For many of the attendees, this was their first experience with the Lightning Network and Bitcoin. They were able to see how easy and quick it was to interact with Bitcoin Lightning from their mobile, and were impressed.
Gaming industry bets on Bitcoin and innovation
Something that pleasantly surprised us was the significant increase in interest in cryptocurrencies in the industry compared to previous months. Bitcoin remains the leading cryptocurrency, especially with the increase in its value reaching close to €70,000 in March 2024.
This increase has had a noticeable impact on the iGaming sector. It has driven both the adoption of Bitcoin and other cryptocurrencies on gaming platforms.
In the first quarter of 2024, cryptocurrency transactions in the iGaming industry have increased by 40%. Furthermore, it is expected that by the end of 2024, more than 50% of all transactions in this sector will be conducted with cryptocurrencies.
The evolution of the market is also marked by the integration of new technologies and the development of innovative payment solutions. This approach not only meets current market demands, but also positions iGaming platforms for sustained growth in the future.
Taking advantage of the opportunities offered by Bitcoin
Market trends highlight the importance of:
– Staying ahead of the curve in the adoption of emerging technologies.
– Integrating advanced payment solutions to maintain a competitive edge in the industry.
With our advanced payment processor based on Bitcoin Lightning technology, ElenPAY offers an enhanced and scalable user experience tailored to the needs of regulated operators.
Regulatory compliance is a priority for us. We work to comply with all relevant iGaming and crypto sector regulations. The blockchain technology used in Bitcoin offers unprecedented transparency and security. This facilitates regulatory compliance and protects both operators and players.
Offering Bitcoin payments has never been easier with ElenPAY. Request a personalized demo today and discover how it can transform payments in your iGaming business.
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