Evoplay CFO Warns of Financial Discipline in iGaming

According to Evoplay finance director Vasilena Mantsiou, financial discipline in the iGaming sector is now as important as growth. A few years ago, companies spent their energy on entering new markets and increasing revenue. Today, more attention is paid to the profit and loss statement, efficient operations, and growing without increasing costs.

Mantsiou notes that regulations are becoming increasingly complex, making planning harder for companies operating in multiple jurisdictions. The executive, who says artificial intelligence also plays an important role in this picture, stresses that the technology should be adopted step by step in finance. She adds that it can help simplify day-to-day tasks during periods when resources are limited.

On long-term resilience, Mantsiou argues that the quality of revenue matters more than its speed. Reminding that regulatory changes can close a market in a short time, the executive highlights the importance of anticipating such changes and being prepared. She also points out that striking the right balance between short-term results and long-term investments is what keeps businesses afloat.

Looking ahead over the next 12 to 18 months, she expects providers to be more selective about their cost, resource and investment priorities. Reminding that operators are also dealing with new regulations, rising taxes and operating costs, Mantsiou adds that providers are therefore expected to deliver more value. She also says international growth places an additional burden on finance teams due to different regulatory, currency and tax structures.