G2E panel: Tribes will be experts in technology within five years
A group of panelists discussed Class II gaming and its potential impact on the market.
Key Points
- Young people are expressing an interest in gaining market knowledge
- Experts are emerging within Tribal gaming circles
During a discussion panel at this week’s G2E in Las Vegas, Tribal regulators and commercial gaming suppliers met to discuss the opportunities, growth and regulation of Tribal gaming.
Among the panelists were Tribal Gaming Protection Network Chairperson Frances Alvarez, attorney Jonodev Chaudhuri, Playtech CCO Marcus Yoder, Everi SVP Product Management Richard Sagman and Victor-Strategies EVP Gene Johnson.
When asked what the future could hold for Tribal regulation and technology, Alvarez said she sees the Tribes becoming “experts on this topic” five years from now.
She commented, “I see a great feature for us today. We talk about how our regulators lack the technology, knowledge and expertise, not all of us. I just came back from an ACES conference, which is a Native American stem.
“Our youth are heavily involved in all of those stem disciplines and it’s exciting. So what I see is our future. Maybe in five years we are going be the key experts on this topic. The tribes are going to have their own experts that have either been educated and loomed up or taken the initiative to stay current on all these trends in technology.”
Alvarez went on to discuss a growing interest in developing in-house Tribal software companies.
She said in closing, “I’ve also met some individuals that are interested in starting their own indigenous software companies, providers, technology and even a slot manufacturer.
“So, I see a bright future for the tribes. In five years, we’re going to be the key experts. We’re going to own our own cyber technology, cyber security and even some manufacturing businesses.”
Chaudhuri said he believes Tribal gaming is at a pivotal point.
He said, “I think we’re at a crossroads, and I don’t know what the future is going to look like. I think there are two potential futures, one in which Tribes own the data that they’ve worked so hard to develop on their players and one in which the tribes own.
“Another potential future, which I hope doesn’t happen, is that the gains that are made right now because of these opportunities end up enriching Tribes to a small degree but really enrich third party vendors, and there’s no lasting benefit to Tribes.”
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