What is a successful sportsbook solution for LatAm
The iGaming opportunity in Latin America is extremely significant, with rapid growth leading to multi-billion-dollar revenues in the industry. There has been a great deal of speculation and conjecture over the past year about what the future holds for this type of industry.
As is mostly the case in the iGaming industry, and the LatAm region is no exception, it is of the utmost importance for operators targeting to enter, or seeking to diversify their operations in the region, to be able to rely on the right technical partner who will bring with him a wealth of knowledge and experience from a global context needed for a seamless launch of the business on a local level.
A technical partner that will facilitate the tackling of the various challenges and problematics that the region may keep in hold, with its support department in the meantime assisting and working closely with the client’s operations team to identify their needs and fulfill the everyday aspects of the job.
Scalability and personalization
Success or failure for operators primarily lies with the importance of not underestimating aspects such as the importance of having local insight, experience and understanding of the situation. Keeping this in mind operators, must ensure that they are in a position to offer a fully personalized product that is not only compliant with a particular jurisdiction but also at the same time provide their clients with products that are tailor made to suite their preferences and thus improve their gaming experience.
Operators must also ensure that they are able to rely on the technological prowess of its technological partner, with the products put at its disposal being not only scalable from a jurisdictional perspective,
but at the same time ensuring the personalization and integration of any content related to games and betting. All this whilst facilitating the user experience by featuring multi-currency options and payment methods.
Sportsbook operators and key to success in LatAm
The elements that sportsbook operators must ensure to have at their disposal to succeed in LatAm:
- Technology must be jurisdictionally scalable
- Must feature a wide range of international payments
- Must be scalable in terms of betting and markets available, with offers made according to local players’ preferences
When we talk about perfect solution and perfect platforms Neuron Gaming and Neuron Sports – propose scalable solutions, also from a jurisdictional point of view, thus allowing gaming operators to have full control and management of their operations. Additionally, both platforms enable the integration of any content related to games and betting, whilst featuring multi-currency options and payment methods. All this whilst ensuring a seamless and integrated customer experience across all channels.
To sum up, As Latin America prepares to court a new generation of consumers, who will bring with them greater demands and more complex expectations, it will be important to build upon that foundation (perhaps with strategic partnerships) and appropriately apply lessons learned from other markets. The opportunity for Latin American iGaming operators to diversify into broader leisure, entertainment and hospitality verticals could yield significant revenue opportunities. Clearly, a different approach to the physical environments and how operators segment spaces is going to play a considerable role.
However, there is no doubting the potential that the region keeps in hold for operators, especially in sportsbook terms. With the prospect of more countries introducing strong regulatory frameworks there is no doubt that the future of the Latin American iGaming industry looks very intriguing for everyone.
For more info about a sportsbook opportunity characterized by diversity download our latest Industry report: https://www.btobet.com/en/news/latam-a-sportsbook-opportunity-characterized-by-diversity