At G2E, industry insiders and investors are swept up in sweeps talk

Wednesday, October 9, 2024 2:47 PM
  • Eric Raskin, Casino Reports

At the 2023 edition of the Global Gaming Expo (G2E) in Las Vegas, the social casino or so-called “sweepstakes casino” model existed only on the outermost fringes of the conversation among industry insiders gathered there.

At G2E 2024, taking place this week at the Venetian, you could almost say sweeps is the conversation.

In fact, that’s exactly what Davis Catlin, the Vegas-based managing partner at Discerning Capital, communicated in a LinkedIn post Tuesday that caught the attention of much of the gaming world. Catlin wrote:

Themes of G2E thus far from my perspective:

  • Most common question: “What do you think about sweeps?”
  • Most common optimistic comment: “We are launching sweeps.”
  • Most Negative Comments: “We have to figure out what to do about sweeps.”
  • I’m interested in the sweeps space, but we don’t have any current investments in the market. From my standpoint, it has been wild to see how it has become the most common discussion point over the first day of G2E this year from relative obscurity over past G2Es.