Interview with Bjorn Krentz, CEO of Yggdrasil

Jul 14, 2024

Interview with Bjorn Krentz, CEO of Yggdrasil

Introduction

  • Host: Tim Pool, Editor of Gambling Insider
  • Guest: Bjorn Krentz, CEO of Yggdrasil
  • Event: Reflection on milestones and future plans

Yggdrasil's Decade Journey

  • Started: First bet in September 2013
  • Current Stats:
    • 150+ customers with direct integration
    • 200+ games live
    • Presence in ~25 regulated markets, including the US
    • Emphasis on innovation and technology to scale
  • Reflection: Proud of the team, sees the journey as a start of new initiatives

Innovation in iGaming

  • Challenges:
    • Competitive environment (~300-400 games launched monthly)
    • Importance of continuous innovation
  • Approach:
    • Innovation embedded at the highest strategic level
    • 360-degree ecosystem evaluation
    • Use of BI, partnerships, player forums, and streamer feedback for insights
    • Maintaining relevance and quality in products

Plans for 2023

  • Core Games:
    • 22 core games planned (12 in 2022)
  • Masters Program:
    • Focus on GEMS (Game Engagement Mechanics)
      • Examples: Gigablocks, Multimax, DoubleMax
  • New Markets:
    • Focus on emerging markets like LATAM (already live in Colombia, Mexico; new license in Buenos Aires)
    • US market expansion with higher ambitions

LATAM Market Insights

  • Potential Growth:
    • Increased middle class, internet, and mobile penetration seen as key factors
    • Importance of early market establishment

Importance of ICE London

  • Networking:
    • Opportunity to meet partners, stakeholders, and customers under one roof
    • Effective agenda management and feedback gathering
  • Strategic Presentation:
    • Showcasing latest products and technologies
    • Business intelligence gathering, understanding competitors' approaches

CEO Priorities

  • Focus Areas:
    • Ensuring alignment with company strategy and scorecard
    • Building organizational readiness
    • Continuous improvement and readiness for future challenges
  • Teamwork:
    • Reliance on a talented and well-oiled team for strategic decisions