framework will work. Te concrete news is that the Brazil Senate passed the bill regulating and establishing taxes for sports betting, and it was very evident at ICE that momentum has built from the sheer number of conversations with customers we were having about Brazil and how to get product into the market.
We see exciting opportunities in the pipeline as Brazil implements new regulations and standards. Quixant is ready to grow in these markets and become a leading provider of our gaming technology to the Brazilian market.
We have been involved in very interesting conversations relating to the potential of Brazil, and it is clear that manufacturers are getting their supply chains ready. At Quixant, we are an enabler in helping our customers to enter new markets. We have solutions ready to go to allow our
What is driving demand and interest is that we are also seeing land-based companies implementing online strategies to create omni-channel experiences for players.
Regulators are working on trying to regulate or provide delineation between a land- based and online to frame how an omni-channel experience would work for customers.
customers and our partners to take advantage of first mover opportunities.
If there's an identifiable 2024 business trend, what would you say it is right now?
Since G2E we seen more product pushed to market - both hardware and game content - than in recent years, and this is very refreshing to see. What this has prompted is a technology refresh for most manufacturers who are focused on player engagement and player experience.
Innovations in system integration, cashless, and player tracking are also gaining momentum. We are having conversations now about integration in the future, and there is also growing interest in the online space coming over to land-based. We are in conversations with online gaming companies looking to bring their products to land-based environments and who are seeking the
right partners to provide full turnkey solutions.
What is driving demand and interest is that we are also seeing land-based companies implementing online strategies to create omni-channel experiences for players. Regulators are working on trying to regulate or provide delineation between a land-based and online to frame how an omni-channel experience would work for customers.
What were the key demands customers were making of Quixant at ICE?
Te biggest client takeaways from ICE were centred around the launch of our IQ 2 platform, which has been a huge success and generated the most interest with new and existing customers. With a full range of products across all our offerings, Quixant can meet our current customer demands while we continue to work with them in partnership to identify future trends to bring new and innovative products to market.
Another takeaway is the value Quixant brings to our customers. Our ability to solve customer problems, combined with our range of regulated gaming products, Software Suite and turnkey integration and supply chain expertise are the four pillars of our business. I think our clients are very appreciative of the efforts to help solve their problems. It is part of our core expertise, all of which have been of immense value to our customers we have been told.
Have supply chain issues now been fully resolved? Is there going to be an impact from the Middle East conflict?
We have seen more positive momentum in the first two months of this year. We are also seeing demand increasing as existing markets look to grow and new markets emerge. A lot of new products are being pushed to the market, which is a positive sign, and we are expecting this trend to continue throughout 2024. Tis will put added strain on the supply chain, but at least for now we can say the supply chain disruptions over the last two years of component shortages, foundry issues, and end of life products, are a distant past.
However, as demand continues to increase, the Quixant team is bringing all our learnings from the past years to ensure better lead times for our customers.
What we are seeing now are more logistical problems, as opposed to the component issues we had been seeing in
the past. It is a different dilemma, but in general, availability will become less challenging. Instead, the focus will shift to making sure we get the right products in the right place at the right time for our customers. We work with a lot of suppliers domestically. Our design, engineering, and manufacturing is based in Taiwan and we are very aware of some of the logistical challenges right now, including the Middle East situation. We are putting in place strategies to ensure that product availability to our customers remains consistent.
ICE moves to Barcelona in 2025. Do you have any expectations for that show and where else can we meet the Quixant team in 2025?
It does feel like the end of an era. Quixant has exhibited at ICE London for as long as I can remember. We have made a lot of
The biggest client takeaways
from ICE were centred around the launch of our IQ 2 platform, which has been a huge success and generated the most
interest with new and existing customers. Quixant can meet our current customer demands while we continue to work with them in partnership to identify future trends to bring new and innovative products to market.
great connections, opportunities, and a whole lot of memories were created at ICE London. However, we are also very excited about the move and believe it is time to explore new opportunities and a new venue.
We hear from customers that ICE Barcelona will be a game changer, and we are really looking forward for it. Spain is a significant gaming market, which will bring a large community together for the event. As for the Quixant team, we are always available through our website and social media where you can see our latest offerings, opportunities and explore our products. We will also be at IGA in California, where you can engage with our team in-person and we are also planning to further explore the Brazilian market. You can't take Brazil out of any conversation right now!
Arrange to meet us at IGA at
Quixant.com.
P26 WIRE / PULSE / INSIGHT / REPORTS
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