In the fast-paced world of business, innovation is key to success. Companies are constantly looking for ways to stay ahead of the curve, thinking outside the box and taking bold bets that can lead to big wins. Such is the case with Pragmatic Play, a leading game development company in the iGaming industry.
Known for its innovative approach and diverse portfolio of products, Pragmatic Play has paved the way for the future of iGaming. The company has taken bold bets, consistently pushing boundaries and achieving remarkable successes. In this blog post, we will delve into the world of Pragmatic Play and uncover how their bold bets have led to big wins.
Introduction
Founded in 2015, Pragmatic Play has quickly made a name for itself in the iGaming industry. With a team of highly skilled professionals and a clear vision, the company has grown tremendously in just a few years. From humble beginnings, Pragmatic Play has become a leading provider of online casino games, live casino, and bingo products.
Their journey to the top has been fueled by a series of bold bets that have not only set them apart from competitors but also shaped the future of iGaming. By understanding the market, customers, and constantly innovating, Pragmatic Play has managed to achieve remarkable success that has set a new benchmark for the industry.
The Bold Bets
Embracing the Mobile-First Approach
In today’s digital world, mobile is king. With more and more people using their mobile devices for entertainment, it has become essential for businesses to adopt a mobile-first approach. Pragmatic Play recognized this trend early on and focused their efforts on developing games for mobile devices.
This bold bet paid off in a big way. By 2018, Pragmatic Play reported that 50% of their annual revenue came from mobile gaming. They have since continued to invest in mobile gaming, ensuring that their products are optimized for all devices. This has not only helped them reach a wider audience but has also set them apart from competitors who have been slow to adapt to the mobile-first approach.
Expansion into New Markets
Another bold bet that has led to big wins for Pragmatic Play is their expansion into new markets. While many companies focus on established markets, Pragmatic Play saw the potential for growth in emerging markets. They have made a conscious effort to expand their reach and penetrate markets such as Latin America, Asia, and Africa.
This expansion has helped Pragmatic Play become a truly global brand and has increased their customer base significantly. The company has also adapted their products to cater to the needs and preferences of each market, ensuring that they are well-received and successful.
Diversifying the Product Portfolio
In the highly competitive iGaming industry, standing out is crucial. Pragmatic Play recognized this and decided to diversify their product portfolio. In addition to their popular slot games, they now offer a variety of products including live casino, bingo, scratchcards, and more.
This bold bet has not only allowed them to differentiate themselves from competitors but has also helped them tap into different segments of the market. By expanding their product portfolio, Pragmatic Play has become a one-stop-shop for online gaming, providing a wide range of products to satisfy the varied preferences of players.
Focus on Innovation and Quality
Pragmatic Play is known for its innovative approach towards game development. They continuously strive to push the boundaries and come up with new and exciting game concepts. Similarly, the company places a strong emphasis on quality, ensuring that their products are of the highest standard.
This bold bet has allowed them to stand out in a crowded market and attract loyal customers. With a diverse portfolio of over 200 games, Pragmatic Play continues to impress players with their innovative concepts and high-quality products. This has also led to partnerships with top-tier operators and industry recognition, cementing their position as a leading game development company.
The Big Wins
The bold bets taken by Pragmatic Play have resulted in a series of big wins that have helped propel the company to success. In just a few years, they have achieved significant milestones and continue to grow at an impressive rate.
Awards and Recognitions
Pragmatic Play’s commitment to excellence and innovation has been recognized by industry experts. In 2017, they were awarded “Software Rising Star” and “Best Digital Company of the Year” at the EGR B2B Awards. They have since won numerous awards, including “Innovation in Slot Provision” and “Mobile Gaming Software Supplier” at the EGR B2B Awards 2020.
These accolades not only showcase their achievements in the industry but also act as a testament to the company’s commitment to taking bold bets and achieving big wins.
Expansion and Partnerships
The expansion into new markets has been a major success for Pragmatic Play. They have entered into partnerships with top operators in various regions and have expanded their reach significantly. Their focus on quality and innovation has also helped them attract more partners and establish a strong presence in the iGaming industry.
Apart from partnerships, Pragmatic Play has also expanded their team and opened several new offices around the world. This has allowed them to better cater to the needs of their growing customer base and continue their expansion into new markets.
Conclusion
In the highly competitive world of iGaming, taking bold bets is essential for success. Pragmatic Play has proved this with their innovative approach and diverse product portfolio. By embracing the mobile-first approach and expanding into new markets, they have achieved remarkable success and set a new benchmark for the industry.
Looking ahead, it is clear that Pragmatic Play will continue to take bold bets and achieve big wins. With their commitment to innovation, quality, and growth, they are set to stay ahead of the curve and shape the future of iGaming.
