Gary Shaw, interim CEO at Nektan PLC (LON:NKTN) explains why quick & nimble service providers still have a very important role to play in the iGaming industry.
Consolidation is the aim of the game right now across the iGaming industry, with impending regulation and rising competition seeing many of the big players acquiring businesses or joining forces.
The merger of Ladbrooks & Coral was arguably the biggest deal to have happened to date, while Scandinavian groups Kindred and Betsson have been busy snapping up businesses as they look to enhance their multi-brand strategies.
It’s not just the operators who are active in the M&A field, however, with some of the industry’s biggest suppliers either joining forces or making serious investments as they seek market domination. An obvious advantage these companies will have over the competition is the expanded product offering at their disposal, giving customers a “one-shop” solution. However, there’s still something to be said for the quick & nimble platform provider which can stand firmly & compete against the bigger suppliers within the sector.
