Are you a fan of online gaming? Then you may have already heard of Evolution Gaming, one of the most prominent names in the industry. But what you might not know is that a significant portion of the company’s success can be attributed to its operations in Armenia.
In this article, we will explore the evolution of gaming in Armenia and how it has contributed to the success of one of the world’s leading gaming companies.
The Emergence of the Armenian Gaming Industry
The gaming industry in Armenia began to emerge in the early 2000s, with the establishment of several small game development studios.
However, it wasn’t until the mid-2000s that the industry began to grow significantly, driven in part by the country’s strong information technology (IT) sector.
As Armenia’s IT sector continued to grow, so too did its gaming industry, with more and more companies entering the market.
One of the companies that entered the Armenian gaming market was Evolution Gaming, which established its first studio in the country in 2015.
The decision to set up operations in Armenia was a strategic one, as the country’s IT sector was already well-established and there was a strong pool of talented professionals available.
Furthermore, the Armenian government had implemented a number of policies aimed at supporting the development of the IT industry, including tax incentives and subsidies for companies that invested in the sector.
The Success of Evolution Gaming in Armenia
Since establishing its first studio in Armenia, Evolution Gaming has gone from strength to strength. Today, the company has two studios in the country, employing over 1,200 people. The Armenian studios are responsible for developing and operating a range of live dealer games, including blackjack, roulette, and baccarat, which are then broadcast to players all around the world. One of the key reasons for Evolution Gaming’s success in Armenia has been its ability to tap into the country’s rich pool of talent.
Armenia has a strong tradition of education in science, technology, engineering, and mathematics (STEM) subjects, with many of the country’s universities offering world-class courses in these areas. As a result, there is a large pool of highly skilled IT professionals available in the country, making it an attractive location for companies like Evolution Gaming. Another factor that has contributed to the success of Evolution Gaming in Armenia is the country’s supportive business environment.
The Armenian government has implemented a range of policies aimed at encouraging the growth of the IT sector, including tax incentives, subsidies for R&D, and streamlined administrative procedures.
This has created a favorable environment for companies like Evolution Gaming, allowing them to focus on developing innovative products and services without having to worry about bureaucratic obstacles.
The Impact of Evolution Gaming on the Armenian Economy
The success of Evolution Gaming in Armenia has had a significant impact on the country’s economy.
The company has created over 1,200 high-paying jobs in the country, providing opportunities for skilled professionals and contributing to the growth of the country’s middle class.
In addition, Evolution Gaming’s operations in Armenia have contributed to the development of the country’s IT sector, which is now one of the fastest-growing sectors of the Armenian economy.
Furthermore, Evolution Gaming’s success in Armenia has helped to promote the country as a hub for IT and gaming companies.
Other companies have taken notice of the favorable business environment in Armenia and have established operations in the country, contributing to the growth of the industry as a whole.
The Future of Gaming in Armenia
Looking to the future, the outlook for gaming in Armenia is bright. The country’s IT sector is continuing to grow, and the government is committed to supporting the development of the industry through a range of policies and initiatives. Furthermore, as more and more companies establish operations in the country, there is likely to be increased competition and collaboration within the industry, driving innovation and growth. In addition, the rise of mobile gaming presents new opportunities for the Armenian gaming industry.
With the widespread availability of smartphones and tablets, mobile gaming has become an increasingly popular form of entertainment around the world.
Armenian gaming companies are well-positioned to take advantage of this trend, leveraging their expertise in IT and software development to create cutting-edge mobile games.
The evolution of gaming in Armenia has been a remarkable success story, with Evolution Gaming leading the way.
By tapping into the country’s rich pool of talent and taking advantage of its supportive business environment, the company has established a thriving operation that has contributed significantly to the growth of the Armenian economy.
Looking to the future, the outlook for gaming in Armenia is bright, with opportunities for further growth and innovation in the years to come.
If you’re a fan of online gaming, keep an eye on Armenia – it’s a country that’s poised to become a major player in the global gaming industry.