eBay, Zipcar, Airbnb, LinkedIn: some of the 21st century’s fastest-growing businesses are built on the power of the crowd – 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 UK’s largest independent event organiser, and GamCrowd, the betting and gaming specialist equity crowdfunding and crowdsourcing platform, crowd services will re-shape – and greatly benefit – the sector. Click here to download your free copy
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.
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.”
How crowd-based services are re-shaping businesses and how the gambling industry can benefit: a joint white paper between Clarion Events and GamCrowd.com is free to read by clicking here. A podcast is also avaliable to listen to or download by clicking here.