"One of the industry trends that will gain prominence or shape the gaming landscape in 2024 is the rise of cloud gaming"

As the gaming industry navigates through an ever-evolving landscape, BetConstruct reflects in an interview with Yogonet on its key milestones in 2023 and what to expect from the gaming solutions provider in 2024.

In this conversation, Sergio Longo, Regional Director of Uruguay at BetConstruct, provides insights into the company's most recent product lineup, trends gaining momentum, and more.

Looking back at 2023, what were the most significant accomplishments or milestones for BetConstruct during the year?

BetConstruct has had a very positive year in 2023, achieving several recognitions and awards for its innovation and the quality of its products and services. Some of the most important milestones were winning the Platform Provider of the Year award at the Global Gaming Awards London 2023, receiving the title of iGaming Software Provider at the International Gaming Awards 2023,  the SBC Award LatinAmerica 2023 Land-Based Betting & Gaming Product and launching Fastex. This ecosystem offers a wide range of centralized and decentralized solutions based on blockchain.

Could you provide insight into any upcoming launches, innovations, or strategic initiatives BetConstruct has planned for 2024?

By 2024, BetConstruct plans to continue offering cutting-edge solutions that adapt to the needs and preferences of its clients, as well as participating in the main events and fairs in the sector, such as ICE London 2024, where we will show our latest tools and solutions under the concept of 'It's Your Dream' that reflects our commitment to innovation and excellence, where dreams are not just imagined but constructed into success.

Alongside its proven offerings, the company will demonstrate a number of innovative products merging the iGaming and crypto realms, among them the Multi-Wallet solution, allowing one to manage various crypto and fiat wallets from one account to custom-made tokens developed on Bahamut.

Among the ultimate highlights is the Cryptocurrency platform with all the characteristic attributes of BetConstruct’s iGaming solution, offering multiple crypto integrations and game collections. The company will also exhibit BetChain, its Crypto-oriented front-end platform aimed to configure, update, and deliver personalized experiences. 

As a leading technology and service provider with an unwavering reputation, the company will also feature its ever-expanding Sportsbook covering over 120 sports types, the powerful Casino Suite, and the winning games of the B.F.T.H. Arena Best FTN Game Awards along with the upcoming Ortakh initiative and B.F.T.H. Arena’24 details. 

Finally, one of the main spotlights will be on the innovative Dream Package, an all-in-one solution that seamlessly blends BetConstruct's popular products and creates the ultimate package for E-commerce businesses.

Do you think new technologies such as AI will play a key role in the development of products and services in the gaming industry in 2024? How does BetConstruct envision leveraging AI or other emerging technologies this year?

BetConstruct believes that new technologies such as artificial intelligence (AI) will play a vital role in developing products and services in the gaming industry over the next year, as they will allow the creation of more realistic, personalized and immersive experiences for players.

BetConstruct plans to use AI or other emerging technologies over the next year by integrating solutions and constant research and development to optimise its platforms and products. For example, BetConstruct uses AI to improve the performance and security of its sportsbook, casino and virtual sports solutions and generate dynamic and adaptive content for its games.

What industry trends do you foresee gaining prominence or shaping the gaming landscape in 2024, and how is BetConstruct preparing to adapt to these shifts?

BetConstruct predicts that one of the industry trends that will gain prominence or shape the gaming landscape in 2024 is the rise of cloud gaming (Bet Cloud), which will allow players to access games from any device and location without the need for downloads or installations; the growth of mobile gaming, which will continue to be the largest and most diverse segment of the market, driven by users' preference for mobile devices, interest in live gaming and sports and the search for personalized and safe experiences and the importance of social and environmental responsibility, which will lead developers and suppliers to adopt measures to protect vulnerable players, comply with regulatory requirements, and contribute to the sustainable and responsible development of the industry. 

BetConstruct is preparing to adapt to these changes by adapting its products and services to new customer demands and preferences, meeting quality and safety standards, and collaborating with partners and organizations that share its vision and values.

Were there any particular markets or sectors that showed unexpected growth or changes in 2023, and how does BetConstruct plan to capitalize on these developments in 2024?

BetConstruct has observed that some of the markets or sectors that showed growth in 2023 were the Latin American market, which experienced increased demand and regulation of online gambling, especially in countries such as Brazil, Colombia, Peru and Argentina; the skill games sector, which attracted a broader and more diverse audience, interested in competing and learning new skills; and the social games segment, which benefited from users' need to connect and socialize with other players in a context of pandemic and social distancing.

BetConstruct plans to capitalize on these developments in the coming year by expanding its presence and offering in the Latin American market, developing, and integrating skill gaming solutions, and fostering social and community experiences in its games.

In terms of global expansion, BetConstruct anticipates that one of the markets or regions that will be focal points of growth in 2024 is the Asian market, which offers excellent potential due to its size, diversity and dynamism, especially in countries such as China, India, Japan and South Korea; the European market, which continues to be a benchmark for its maturity, quality and regulation, especially in countries such as the United Kingdom, Germany, France and Spain, and the African market, which presents an emerging opportunity due to its growing penetration of the internet, mobile and gaming, especially in countries like South Africa, Nigeria and Kenya.