Connect with us

Technology

Casino Gaming Equipment Market Thrives with Cutting-Edge Technology and Immersive Experiences, Says Stellar Market Research Analyst

Published

on

PUNE, India, July 18, 2024 /PRNewswire/ — The Casino Gaming Equipment Market size was valued at USD 13.13 Billion in 2023, according to the SMR analyst. The total Casino Gaming Equipment revenue is expected to grow at a CAGR of 5% from 2024 to 2030, reaching nearly USD 18.48 Billion by 2030.

The casino industry is rapidly evolving and flourishing as more people become aware of the enjoyment and thrills it delivers. Evolving customer’s choices and preferences and the integration of advanced technologies to provide thrilling gaming experiences like virtual reality and skill-based games are attracting a substantial consumer base. According to the MMR analysis, there are 5,098 Global Casinos & Online Gambling businesses as of 2024, an increase of 5.2% from 2023. With currently over 2,000 casinos, the United States has the largest number of casinos across 44 states in the world. Thus, growing numbers of casinos are driving the demand for casino gaming equipment, supporting the casino gaming equipment market to grow at a substantial growth rate during the forecast period.

With the advanced technology integration in the equipment, the casino game equipment industry has grown significantly. For example, the integration of Predictive AI And Slot Machines in the casinos is shaping the future of the market. The introduction of predictive AI in slot machines has changed the face of casino gaming by providing insights into customer behavior, preferences, and trends. This technology allows for personalized gaming experience, player satisfaction, customer loyalty, and revenue growth. Predictive AI uses player data to customize game offerings and features, to create unique experiences that encourage more playtime. Also, it helps in responsible gambling by identifying at-risk players and casinos can take necessary measures. So AI-driven innovations are setting new benchmarks and driving continuous technological advancements and investments in casino gaming infrastructure.

The SMR’s Global Casino Gaming Equipment Market Report is a comprehensive and in-depth analysis of the market’s size, share, growth, trends, demand, and forecast, with a focus on the most recent developments and industry trends. Regulations imposed by various governments on the casino industry have been analyzed to give a comprehensive understanding of their impact on operations, profitability, and compliance requirements within the sector. competition in the market is analyzed by using PORTER’s five forces analysis as well as PESTLE analysis was carried out to investigate the various factors impacting the market growth. A detailed competitive landscape is provided in the final report including major key players, their position in the market, product offerings, their major end-users, revenue details, their global presence, etc. In addition, recent developments such as mergers and acquisitions, product launches, and geographical expansion are covered to give the overall intensity of the industry.

Global Casino Gaming Equipment Market 2023-2030: Key Highlights

Market Size in 2023:

USD 13.13 Bn.

Market Size in 2030:

USD 18.48 Bn.

CAGR:

5 %

Forecast Period:

2024-2030

Base Year:

2023

Number of Pages:

229

No. of Tables:

138

No. of Charts and Figures:

193

Regional Scope: 

North America, Europe, Asia Pacific, and Africa, South America

Report Coverage: 

Market Share, Size, and Forecast by Revenue | 2023−2030, Market Dynamics, Growth Drivers, Restraints, Investment Opportunities, and Key Trends, Competitive Landscape, Key Players Benchmarking, Competitive Analysis, SMR Competition Matrix, Competitive Leadership Mapping, Global Key Players’ Market Ranking Analysis.

Get your Sample PDF: https://www.stellarmr.com/report/req_sample/Casino-Gaming-Equipment-Market/205 

Market Overview

Technological advancements and the legalization of gambling throughout some most important countries which include the US, the UK, Canada, Germany, the Netherlands, Australia, and Ireland, brought about high sales growth inside the gaming enterprise. Casinos now utilize a wide variety of gaming gadgets past traditional tables, slots, and dice, along with machines observed in department shops and amusement venues. The increasing international reputation of gaming has driven the need for top-notch casino devices, particularly in North America and Europe where the industry is expected to grow at a CAGR of 5.1% and 5.8%, respectively, through 2030.

A rise in disposable income amongst customers, mainly in developing countries, has created a boom effect on the casino industry. The number of clients visiting casinos has received momentum in the past. Consequently, casino establishments have expanded all around the globe, increasingly demanding high-quality casino types of equipment. Technological traits which include virtual reality (VR), augmented truth (AR), and cellular gaming are enhancing participant engagement and increasing marketplace possibilities.

The shift towards online gambling and the acceptance of cryptocurrencies for transactions further fuel market growth. Additionally, skill-based gaming like poker and e-sports presents opportunities for specialized gaming equipment. Vendors in the market are expanding their product portfolios and launching new products to attract more customers. Advanced display solutions and electronic gaming machines are gaining popularity for their ease of use and upgradeability. Companies like Everi and NOVOMATIC have introduced innovative products with enhanced functionalities, driving market growth.

Competitive Landscape

The casino gaming equipment market is highly competitive due to the rapid pace of innovation driven by increasing demand for diverse gaming options. Digitization has accelerated the release of new game variations, expanding market offerings and attracting different demographics. Traditional casinos have evolved, maintaining their core elements while integrating modern technologies. The market now features a vast array of games, categorized into broad types like Table Games (e.g., blackjack, baccarat, roulette, craps), which simplifies choices for users. Providers and developers have to continuously innovate to stay ahead, leading to a dynamic and competitive environment where new entrants and established leaders vie for market share through technological advancements and varied gaming experiences. Some of the major casino gaming equipment manufacturers are

NovomaticAristocrat LeisureGalaxy EntertainmentAmatic IndustriesAinsworth Game Technology Ltd.APEX Gaming TechnologyEveri Holdings Inc.Universal EntertainmentKonami Gaming, Inc.Scientific Games CorporationInterblockTCSJOHNHUXLEYInternational Game Technology PLCGaming Partners International CorporationCasino TechnologyAruze Gaming America, Inc.

What’s New: Recent Additions and Updates

Technological AdvancementsNew Streaming Partnerships and PlatformsInnovative Marketing StrategiesFinancial Performance and InvestmentConsumer Behaviour and TrendsRegulatory Changes and Challenges

For more details on the information, Request a sample report: https://www.stellarmr.com/report/req_sample/Casino-Gaming-Equipment-Market/205 

Segment Overview: SMR has segmented the market based on     

By Product

Slot MachineVideo Lottery TerminalVideo Poker MachineOthers

By Installation

Installed Inside CasinoInstalled Outside Casino

Detailed segmentation analysis including segment market size, share, growth rates, growth factors, etc. is provided in the final SMR report.

Inquire Before Buying: https://www.stellarmr.com/report/enquire_now/Casino-Gaming-Equipment-Market/205 

Geography Overview

North America dominated the casino gaming equipment market in 2023 with the highest revenue. The American Gaming Association (AGA) published the institution’s annual file on the industry in October 2023, estimating that gaming and casinos had a positive economic impact of USD 328.6 billion, which covered growing 1.8 million jobs; USD 104 billion in wages and salaries; and USD fifty-two.7 billion in tax sales to federal, state, and neighborhood governments. However, the Asia Pacific region is predicted to develop at the fastest CAGR and provide substantial revenue growth potentials for the marketplace players during the forecast period. Macau, China, India, Singapore, Philippines, Malaysia, etc. are some of the predominant countries within the casino gaming enterprise.

The upward push of luxury gaming in India, particularly in Goa, is substantially boosting the tour and tourism sector. With domestic tourism swiftly increasing and a regular influx of foreign vacationers, the casino industry is poised for rapid increase within the country. Goa, a top destination for online casino gaming, draws a various crowd looking for upscale entertainment. This trend is driven by the growing disposable earnings and greater connectivity. India’s tourism quarter is predicted to develop annually by 6.7%, advantages from the economic impact of casinos, which make a contribution to neighborhood economies through taxes and charges. Streamlined regulatory frameworks are predicted to enable India to turn out to be a worldwide gaming hub, notably enhancing the casino gaming device market and boosting the overall tourism enterprise.

In the final report, past and future numbers and explanations are incorporated seamlessly to provide a comprehensive understanding of the Global Casino Gaming Equipment market.

Related Reports:

North America Casino Gaming Equipment Market size was valued at USD 3.75 Billion in 2023. The total revenue of North America Casino Gaming Equipment is estimated to grow at a CAGR of 5% and is expected to reach around USD 5.28 Billion by 2030.

North America Online Gambling Market size was valued at USD 30.71 Billion in 2023. The total North America Online Gambling revenue is expected to grow at a CAGR of 9.45% during 2024-2030 and reach nearly USD 57.78 Billion by 2030.

Games and Puzzles Market size was valued at USD 18.40 Bn. in 2023 and the total Global Games and Puzzles revenue is expected to grow at a CAGR of 8.5% from 2024 to 2030, reaching nearly USD 32.57 Bn. by 2030.

US Esports Market size was valued at USD 510 Million in 2023 and the total US Esports revenue is expected to grow at a CAGR of 21.3% from 2024 to 2030, reaching nearly USD 1970 Million.

Sports Sunglasses Market size was valued at USD 4.30 Billion in 2023 and the total Global Sports Sunglasses revenue is expected to grow at a CAGR of 5.2% from 2024 to 2030, reaching nearly USD 6.13 Billion by 2030.

About Stellar Market Research:

Stellar Market Research is a multifaceted market research and consulting organization with professionals from numerous industries. We provide complete reviews, custom answers, and consulting offerings for our customers. The SMR has published more than 10,000+ reports including sectors such as medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems.

Contact Stellar Market Research:
S.no.8, h.no. 4-8 Pl.7/4,
Pinnac Memories Fl. No. 3,
Pune, Maharashtra, 411029
sales@stellarmr.com
+91 9607365656
Follow us:
Linkedin | Twitter | Facebook | Instagram |

Logo: https://mma.prnewswire.com/media/2458342/Stellar_Market_Research_Logo.jpg

 

View original content:https://www.prnewswire.co.uk/news-releases/casino-gaming-equipment-market-thrives-with-cutting-edge-technology-and-immersive-experiences-says-stellar-market-research-analyst-302200753.html

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

Media Matters Worldwide Becomes AXM and Merges Tech with Humanity

Published

on

By

SAN FRANCISCO, Sept. 25, 2024 /PRNewswire/ — Media Matters Worldwide, a pioneer in agile and data-driven media solutions, is excited to announce its rebranding to AXM (Ars x Machina). This transformation signifies the company’s commitment to architecting meaningful media solutions at the intersection of human ingenuity and cutting-edge technology.

 

Founded by Taji Zaminasli and Josy Amann, AXM has consistently been at the forefront of innovation, driving business growth for its clients through a blend of advanced technology and human-centered strategies. The rebrand marks a significant milestone in the agency’s evolution, aligning its identity more closely with its mission to transform businesses with human-led innovation.

“Rebranding to AXM represents our evolution and a deeper alignment with our core mission,” said Josy Amann, Co-Founder of AXM. “As we continue to innovate, our focus remains on creating media strategies that leverage the most advanced technologies and resonate on a human level. AXM is about pushing boundaries and delivering results while staying true to the values that have always defined us—ingenuity, passion, and a relentless pursuit of excellence.”

Introducing Agile Mix Modeling™: A Game-Changer in Media Measurement

At the heart of AXM’s innovative offerings is its proprietary Agile Mix Modeling™ (AMM), a revolutionary approach to marketing mix modeling. In response to the challenges posed by walled gardens, third-party cookie deprecation, and the evolving advertising landscape, AXM developed AMM to provide clients with an agile and holistic view of campaign performance across all channels.

AMM stands apart from traditional models by automating real-time data collection, leveraging machine learning for model training, and employing Bayesian methods for more accurate attribution and forecasting. This approach allows for frequent model refreshes, enabling in-flight optimization and delivering incrementality and superior Return on Ad Spend (ROAS) for clients.

Results for clients have included 37% incrementality and increased ROAS after implementing AMM, with newfound insights into high-performing channels like local radio and streaming music while reallocating investments from underperforming channels.

“AXM is not just a name change; it’s a statement of our ethos,” said Taji Zaminasli, Co-Founder of AXM. “We are committed to creating media solutions that harness the best technology while keeping people at the center. Our new identity reflects our dedication to delivering future-forward yet deeply human experiences.”

The AXM Identity: A Fusion of Art and Technology

AXM’s new brand identity embodies its core values through distinct visual and verbal language. The primary logomark, known as “The Multiplier,” symbolizes the convergence of technology and humanity, with the bold “X” standing as a testament to visionary leadership. The brand’s tone is a balance of maverick yet warm, futuristic yet people-first, and playful yet masterful, ensuring that every communication reflects AXM’s unique blend of expertise and human touch.

“AXM is not your typical media agency,” Taji Zaminasli, Co-Founder and Managing Partner. “We’re here to break the mold, offering our clients tailored, tech-driven solutions powered by a team of passionate experts.” “By embracing the latest tech and AI, we engineer cutting-edge solutions that push the boundaries of the ever-changing media world”.

The rebranding initiative extends across all aspects of the company, including a refreshed website, updated marketing materials, and a continued commitment to delivering innovative media solutions that drive real business impact.

The media revolution is here. For more information about AXM and its suite of services, please visit WeAreAXM.com

About AXM
AXM, formerly known as Media Matters Worldwide, is a premier San Francisco-based media agency with a reputation for pioneering innovative and intelligent media strategies. Specializing in meaningful media at the intersection of human ingenuity and advanced technology, AXM is at the forefront of driving business growth through data-driven solutions that resonate on a human level.

Founded by a visionary female-led team, AXM has consistently broken new ground in the media industry, earning accolades for its creativity, strategic excellence, and results-driven approach. The agency has been recognized with numerous industry awards, including being an Ad Age Small Media Agency of the Year twice and a Campaign Magazine Agency of the Year finalist, underscoring its commitment to excellence and innovation.

View original content to download multimedia:https://www.prnewswire.com/news-releases/media-matters-worldwide-becomes-axm-and-merges-tech-with-humanity-302259017.html

SOURCE Media Matters Worldwide

Continue Reading

Technology

Mediwhale Secures $12 Million in Series A2 Funding to Drive Global Leadership in Cardiovascular and Metabolic Disease Management

Published

on

By

SEOUL, South Korea, Sept. 25, 2024 /PRNewswire/ — Mediwhale, the AI-powered health diagnostics company, announced $12 million series A2 investments. This funding leverages the momentum of their technological advancements and rapid adoption of its innovative biomarker for preventing cardiovascular disease in general hospitals and clinics.

The financing round was led by Korea Development Bank (KDB), with participation from Woori Venture Partners, IMM Investment, Mirae Asset Securities, and other investors. This investment involves both the issuance of new shares and secondary sales.

Mediwhale initially raised $2 million in Series Pre-A funding in 2021, followed by $9 million in Series A funding in 2023. The recent Series A2 investment of $12million further strengthens the company’s growth trajectory.

Mediwhale is setting a new standard of care for the early prevention of cardiovascular disease using AI-powered retina scans. The company’s flagship product, Reti-CVD, is an AI diagnostic solution that autonomously assesses future cardiovascular disease risk using an eye scan. It is a simple, radiation-free test that provides highly accurate results equivalent to the coronary artery calcium score derived from a cardiac CT scan in predicting cardiovascular risk. Since June 2023, Reti-CVD has been approved for private reimbursement in Korea and has been utilized in over 7,200 cases across 57 medical institutions as of August 2024.

With this new capital, Mediwhale will continue to enhance AI algorithms, achieve U.S. FDA approval for Reti-CVD, expand its global footprint, and develop new products to predict chronic kidney disease risk.

“Mediwhale is the first company in the world to develop and commercialize medical AI that can predict cardiovascular disease risk through a simple eye exam. The company demonstrates significant differentiation in both business performance and technological innovation. We have decided to invest actively, confident that Mediwhale will make history in AI-driven prediction of cardiovascular and metabolic diseases both domestically and globally,” said Korea Development Bank.

Kevin Choi, CEO of Mediwhale, added, “I believe that our successful fundraising, even in a frozen capital market, is largely due to our excellent technology. With our pioneering technology, developed and commercialized as a world first, we aim to lead the global market in cardiovascular and metabolic disease management. We are determined to secure FDA De Novo approval by 2025, with plans to launch our product in the United States shortly thereafter. Additionally, to maintain a competitive edge, we will significantly enhance our AI performance and expand our product pipeline to include chronic kidney disease prediction.”

About Mediwhale

Mediwhale is the AI-powered health diagnostics company that uses non-invasive retina scans to help prevent heart and kidney diseases. Mediwhale’s solution uses deep learning algorithms to detect future disease risks even before symptoms appear. Mediwhale has been dedicated to making preventative care more affordable, accessible, safe, and convenient since being founded in 2016 in South Korea.

View original content to download multimedia:https://www.prnewswire.com/news-releases/mediwhale-secures-12-million-in-series-a2-funding-to-drive-global-leadership-in-cardiovascular-and-metabolic-disease-management-302256612.html

SOURCE Mediwhale

Continue Reading

Technology

ECHL and GameAbove Entertainment Partner on “ECHL Unfiltered” Docuseries

Published

on

By

Set to premiere Sunday, September 29 on NHL Network

SHREWSBURY, N.J., Sept. 25, 2024 /PRNewswire/ — The ECHL and GameAbove Entertainment today announced the upcoming release of ECHL Unfiltered, a new sports docuseries that focuses on the developmental league for both the National Hockey League (NHL) and American Hockey League (AHL). The first season will feature the Idaho Steelheads and premiere on Sunday, September 29, 10:00 PM ET on the NHL Network (NHLN).

 

“Capturing the drive to advance to the next level for our players, coaches, and officials and showcasing their talents is what our League’s development is all about,” said ECHL Commissioner Ryan Crelin. “The opportunities to capture the drama and excitement as this process unfolds are riveting and will highlight the ECHL’s role in professional hockey’s development in North America and the unique markets we serve.”

Directed and executive produced by Tyler Nimmons, ECHL Unfiltered will follow a team’s behind-the-scenes journey throughout a season, providing exclusive and unfiltered access to the raw reality of players, coaches, and communities that make up this dynamic league. The Idaho Steelheads, two-time Kelly Cup Champions, and affiliates of the NHL Dallas Stars, take the spotlight in the inaugural season of ECHL Unfiltered.

The narrative highlights a range of players, including experienced veterans competing for one last chance at success, and young aspiring rookies dreaming of reaching the NHL. It also covers the league’s significant growth and explores the factors contributing to its expansion. The first season consists of five 30-minute episodes.

Hockey enthusiasts and sports fans can relish the dynamic and thrilling world of one of the most compelling minor professional hockey leagues through NHLN.

ECHL Unfiltered NHLN Schedule (all times Eastern Time zone):

Episodes 1 and 2: Sunday, Sep. 29, 10 PM-11 PMEpisodes 3 through 5: Sunday, Oct. 6, 8 PM-9:30 PM

“It has been an incredible experience working on this project throughout the season,” said Nimmons. “With how the season ended in the summer of 2023 for the Steelheads, we wanted to capture this pursuit of redemption. There’s also the tale of what minor league hockey and the ECHL are about. The grit, toughness, the organizations, communities, the people, it’s all there.”

The ECHL has been steadily expanding since 1988 and has twenty-nine active teams, with five new expansion teams added since 2020. The league’s commitment to community involvement and exciting gameplay has developed a loyal fan base. The ECHL’s growing popularity is also due to increased media coverage, celebrity investors, online streaming services, and social media promotion.

For the latest news, updates, and developments, visit GameAbove Entertainment at www.GameAboveEntertainment.com.

About the ECHL
Formed in 1988-89 with five teams in four states, the ECHL has grown into a coast-to-coast league with 29 teams in 22 states and one Canadian province for its 37th season in 2024-25. There have been 752 players who have gone on to play in the National Hockey League after starting their careers in the ECHL, including 12 who have made their NHL debuts in the 2023-24 season. The ECHL has affiliations with 29 of the 32 NHL teams in 2024-25, marking the 27th consecutive season that the league has affiliations with at least 20 teams in the NHL. Further information on the ECHL is available on its website at ECHL.com.

About GameAbove
GameAbove is a successful multifaceted brand consisting of charitable giving, capital investment, sports entertainment, and media ventures. It provides its portfolio companies the power to propel their business to the next level, fan and athlete experiences that aim to grow sports, and awe-inspiring cinematic experiences. Brands include GameAbove Capital, GameAbove Entertainment, GameAbove Sports, and GameAbove Giving. GameAbove and its affiliates are CapStone Holdings, Inc. companies.

GameAbove Entertainment is an award-winning sports film production company and financier, delivering cinematic storytelling that captivates global audiences. GameAbove Entertainment aspires to tell compelling stories and is committed to delivering high-quality, impactful programming. Recent work includes Iceman: A George Gervin Story.

To learn more about GameAbove, visit GameAbove.com.

Instagram: @GameAbove  
LinkedIn: @GameAbove  
Facebook: @GameAbove
X: @Game_Above
YouTube: @GameAbove

View original content to download multimedia:https://www.prnewswire.com/news-releases/echl-and-gameabove-entertainment-partner-on-echl-unfiltered-docuseries-302259009.html

SOURCE GameAbove

Continue Reading

Trending