The convergence between land-based and online gaming will continue apace next year, Joe Pisano, CEO of Jade Entertainment and Gaming Technologies predicts. This will likely lead to more consolidation.
2021 was a year of great change for Jade, adding two new verticals to our business strategy, Jadesportsbet.com and Jadesabong.com.
Both products are available via retail outlets and online and we see the bridge between land and online as an essential business strategy to any gaming company as we move forward with the new normal.
2022 will be the year of blockchain, Crypto will be embraced by the industry, NFTs will be embedded into games and we will see the start of the gaming metaverse. Remote gaming, which is the extension of land-based gaming into the online space, is a must for any gaming operation as it provides the business continuity solution during disasters.
In 2022, payment solutions, digital wallets, mobile gaming, geo-compliance and marketing solutions will be the drivers to ensure the success of any gaming operation whether land-based or online. For land-based properties, remote gaming will become an essential marketing tool.
“2022 will be the year of M&A, we will see mega mergers between online and brick and mortar operators.“
Joe Pisano
We will see manufacturers acquiring online and sportsbook platforms and payment solutions. I predict Apple will emerge as the major player in the metaverse.
For Jade in 2022, our strategy will be to continue to source products and solutions that will drive our business in the year ahead and set a strong foundation for the decade ahead with blockchain, digital payments and mobile being at the core of our business strategy.
During 2022, Asian casinos will reevaluate their business strategies to combine remote gaming into their product offerings, Macau will reinvent itself as a family destination and I expect, as borders open, that we will see the events industry grow in Macau.
For the Philippines, PAGCOR has shown great initiative to lead the way in Asia with regulation that supports the new technologies and integration of remote gaming. We will see the foundation that has been laid out over the past year drive the Philippines into becoming the major tourism and entertainment destination in Asia.
Overall 2022 will be a very good year for the gaming industry. We will see the integration of new technology and we can look forward to a boom year in 2023.
