Crowd-based services anticipated to play fundamental role in future of gambling industry

30 September 2014

LONDON -- (PRESS RELEASE) -- eBay, Zipcar, Airbnb, LinkedIn: Some of the 21st century’s fastest-growing businesses are built on the power of the crowd, and now the concept has come to the gambling industry following the launch of GamCrowd.com.

According to a free white paper published today by Clarion Events, the U.K.’s largest independent event organizer, and GamCrowd, the betting and gaming specialist equity crowdfunding and crowdsourcing platform, crowd services will reshape – and greatly benefit – the sector.

Crowdfunding is thought to be worth $10bn worldwide in 2014, with equity crowdfunding accounting for $700m of the total.

We believe that the introduction of a gambling industry-focused service allows innovation to thrive and gives start-ups a better chance to grow by pitching easily and directly for investment to a large network of potential backers.

Meanwhile, the overall crowdsourcing market is already estimated to be worth $2bn and betting and gaming businesses can benefit from the concept by subcontracting tasks in a cost-efficient manner to a highly qualified and experienced global workforce.

The joint Clarion-GamCrowd white paper looks at how crowdsourcing also boosts flexibility and scalability, speed to market, reach and originality.

“As an early adopter of new digital concepts, processes and technologies, the gambling industry is perfectly placed to benefit from the introduction of crowd platforms and services,” said Chris North, chief executive officer of GamCrowd.

“In no time, crowdfunding and crowdsourcing will play an integral, everyday role across the spectrum of betting and gaming. This white paper looks at the crowd in detail and should provide a valuable resource to everyone from the smallest supplier to the biggest operator,” North added.

GamCrowd is running the Start-Up Village at the European iGaming Congress & Expo (EiG) 2014, produced by Clarion Events Ltd, where innovation will be a key theme of the conference that will be held from October 21-23 in Berlin.

Nick Hares, managing producer at Clarion Events, said: “The crowd has a huge part to play in the future of our industry, particularly when it comes to fostering innovation and supporting start-ups. We have drafted this white paper alongside GamCrowd with the aim of setting the agenda and sparking debate at EiG.”

Related Links
European iGaming Congress & Expo (EiG) 2014
Clarion Gaming Gaming Vendor Information

Featured Vendors
Regulatory Management Counselors, PC
Betson Imperial Parts & Service
Regulatory Management Counselors, PC
Over 45 years of experience serving the legal and regulatory needs of casino industry clients
Betson Imperial Parts & Service
Your one stop shop for all your gaming and OEM needs!
Imagine This
Shenzhen ZhengYuanTai Technology Co., Ltd.
Imagine This
Imagine This #1 Source for Player Gifts. Over $50 million in stock ready to ship! Let us serve you!
Shenzhen ZhengYuanTai Technology Co., Ltd.
14 years experienced gaming display manufacturer: open frame, curved, and halo monitors
GamblersPick
Dable Advisory & Consulting Services
GamblersPick
Share & Read other players' reviews! A top player community-driven portal for online casinos.
Dable Advisory & Consulting Services
Advisory & consulting services services for Indigenous entrepreneurs, businesses & organizations
Texas Slots & Gaming
AmericanChecked
Texas Slots & Gaming
Wholesale gaming reimagined. Texas Slots & Gaming is your sustainable gaming partner.
AmericanChecked
Background checks for the gaming industry with key & non-key packages & fingerprinting solutions
House Tech Ads
Top One Tech Limited
House Tech Ads
Drive quality casino-gambling traffic to your brand from over 70 countries from our premium assets!
Top One Tech Limited
Global Touch solution partner of choice, 10+ years OEM manufacturing, 100,000+ units application
Sunkist Graphics, Inc.
Talisman Group Creators of EZ Baccarat
Sunkist Graphics, Inc.
Specializing in the creation of best-of-breed gaming graphics - slot glass, sign faces, and more
Talisman Group Creators of EZ Baccarat
With over 800 tables in 150+ casinos, EZ Baccarat is the number one brand in baccarat.
Casino Network
Casino City Press
Casino Network
20+ years experience selling refurbished slot machines, parts & glass for all major brands
Casino City Press
A leading publisher and distributor of casino and gaming business data and market research reports.
OCR - Online Casino Reports
Casino Schedule Ease
OCR - Online Casino Reports
Delivers highly targeted casino traffic from over 70 countries! Get your casino listed today at OCR!
Casino Schedule Ease
Full Featured & customizable for the complex scheduling needs of table games & other casino depts
Oklahoma Indian Gaming Association (OIGA) Conference
Slot Machines Unlimited
Oklahoma Indian Gaming Association (OIGA) Conference
The biggest little show in Indian gaming! Save the date: August 12-14, 2024 Oklahoma City
Slot Machines Unlimited
Exporter of IGT, Williams, AVP, Trimline, Aristocrat, Konami, Bally, & parts over 20 yrs experience
TribalHub
TribalHub
25th Annual TribalNet Conference Sept 16-19, 2024 Westgate Las Vegas


Your Guide to 14,910 Gaming Industry Suppliers