Regulatory Risks Loom as InFocus Expands into Booming iGaming Sector

InFocus Expands into iGaming

InFocus Group Holdings Limited (ASX, IFG) has taken a strategic leap into the rapidly expanding iGaming sector by establishing a specialised business unit, InFocus Gaming Technologies. This new subsidiary is designed to house the company’s growing portfolio of iGaming technology projects, including ongoing developments for clients such as GBO Assets and TG Consulting.

The global iGaming industry is estimated to be worth USD 95 billion as of 2024, with a compound annual growth rate exceeding 18%. InFocus sees this as a fertile ground where its core competencies in data analytics, software development, fintech, and digital assets converge, offering a unique opportunity to become a leading infrastructure provider for online gaming platforms.

Strategic Contracts and Licensing Deals

Over the past year, InFocus has secured contracts with a combined revenue potential exceeding USD 5.75 million. A notable highlight is the USD 2.5 million project with GBO Assets, where InFocus developed the VigoBet Tech platform, an early version of which is already operational. In a recent arrangement, GBO Assets granted InFocus a non-exclusive perpetual licence to the technology developed under this project, in exchange for a 25% discount on future consulting services. This deal not only provides InFocus with a valuable intellectual property base but also a competitive edge in scaling its iGaming offerings.

Additionally, InFocus is progressing a USD 3.25 million project with TG Consulting, further expanding its footprint in the sector. These contracts underpin the company’s ambition to not only develop but potentially operate iGaming platforms, serving as proof-of-concept and generating ongoing revenue streams where legal frameworks permit.

Leveraging Digital Assets and Fintech Expertise

Complementing its iGaming push, InFocus recently launched InFocus Digital Ventures, a business unit specialising in digital assets and cryptocurrencies. This unit has attracted a AUD 10 million financing line from Mythos Group, a prominent player in Southeast Asia’s digital asset ecosystem. The initial AUD 2.5 million tranche is already invested in the Monochrome Bitcoin ETF, signaling a strong commitment to integrating blockchain and crypto technologies into its broader strategy.

The synergy between iGaming and digital assets is clear, as many online gaming platforms increasingly rely on cryptocurrencies like USDT for in-game transactions. InFocus is positioning itself at this intersection, aiming to harness fintech innovations alongside its data intelligence capabilities to capture a significant share of this evolving market.

Looking Ahead

CEO Ken Tovich emphasised that the launch of IFG iGaming is a pivotal step in combining data intelligence with emerging digital industries. With substantial contracts in place, a strategic licensing agreement, and backing from a leading digital asset investor, InFocus is well placed to navigate the complex regulatory and technological landscape of iGaming.

As the company continues to develop and potentially operate its own platforms, investors will be watching closely to see how InFocus balances innovation with compliance in this highly regulated sector.