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Let’s face it! Each generation is distinct from the last, but none as drastically as the Millennials.
Dale Richards (American psychiatrist) said: “Millennials can be a big frustration if you’re trying to put them into the Baby Boomer or Generation X mold.”
Such is the case when it comes to gambling, but the fact that Millennials think differently from all previous generations is mostly due to their exposure to digital technology since their toddler days.
In a research conducted by the Yale Tribune, we found some interesting fact when it comes to combining Millennials with gambling.
Millennials are unique in their relationships, handling them mostly online. But, when it comes to spending money, it’s a different thing. In a recent study by the Lloyd D. Levenson Institute of Gaming, Hospitality & Tourism at Stockton University in New Jersey, the truth that most of the industry professionals don’t want to hear is that Millennials enjoy spending their money on dinner and drinks or dancing and nightclubs, but not on gambling.
The gaming industry stumbled onto the truth that though Millennials may not be attracted to the conventional casino slot machines, they enjoy a different type of gambling experience. And the medium to approach them was the Internet. Luring them on the home ground led to little resistance.
A kind of gambling that Millennials particularly like, is fantasy sports gambling and this is one of the subjects which will be discussed during the 3rd edition of Prague Gaming Summit.
The recently announced speaker is no stranger to the Virtual Sports industry, in fact, he is the CEO and Founder of one of the biggest names when it comes to Virtual Sports, Golden Race.
Martin Wachter is the CEO and Founder of Golden Race and for over 15 years, has spread innovative, tailored solutions and virtual sports worldwide. He is specialized in all the areas of the company, taking special delight in being part of marketing strategy, product management, and development.
Martin will join the “Marketing & Innovation: Understanding Millennials – eSports, Daily Fantasy Sport, Virtual sports and Slots games” panel discussion and share the in-depth knowledge he has about the Virtual Sports industry.
About Prague Gaming Summit
The yearly summit offers the opportunity for both new companies and veterans, to learn about industry insights and compliance updates, while also take part in several industry related discussions with the leading groups that are at the forefront of the gambling industry in the Czech Republic, Slovakia, Poland, Austria, Switzerland, Germany, and Liechtenstein.
Panel discussion lead by the leading experts of the gambling industry, will approach all regulatory and compliance related aspects of the mentioned markets and will also highlight some trending topics such as the relationships between Regulators, Operators – Affiliates, MasterCard’s new requirements for Online Merchants (CFD, FX, Gaming, Crypto), understanding millennials (with emphasis on eSports, Daily Fantasy Sports an Virtual Sports), outsourcing for gaming companies, IT security, AML, KYC, CSR.
The program will also include a very important IMGL MasterClass that will aim to share the latest insights by the International Masters of Gaming Law experts about advertisement banning.
The conference is held on a yearly basis and it is a “must-attend” gathering for all industry shareholders who are looking for top quality learning and networking having the online and land-based gambling industry in focus.
Full details about the event can be found on the official event website: www.praguegamingsummit.com
Source: European Gaming Media and Events