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

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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:
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Pinnac Memories Fl. No. 3,
Pune, Maharashtra, 411029
sales@stellarmr.com
+91 9607365656
Follow us:
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Technology

Cash Industry Stakeholders to Gather in Chicago for the Secure Cash and Transport Association’s Annual Conference

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45 mins ago

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September 25, 2024

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The 2024 SCTA Conference, taking place in Chicago on October 9-11, will host cash industry professionals and feature a keynote address by 29-time Emmy Award winner and Hall of Fame keynote speaker, Bill Stainton.

PURCELLVILLE, Va., Sept. 25, 2024 /PRNewswire-PRWeb/ — The Secure Cash & Transport Association (SCTA), a nonprofit group representing professionals in ATM servicing, cash handling and processing, transportation, and safekeeping of cash and coin throughout North America, is set to welcome nearly 200 attendees to its annual conference in Chicago on October 9-11, 2024. The annual SCTA Conference supports the Secure Cash & Transport Association’s overarching mission to protect, strengthen, and unite the cash-in-transit and cash-servicing industries. This year’s event theme is “Adopting and Adapting to Technology: What’s Next?”

“I believe the next chapter for us all is to focus on building resilience, ensuring that our industry can keep pace with technological advancements and thrive amidst them.”

The conference brings professionals and thought leaders together to review critical trends and issues impacting the cash industry’s safety, security, and overall success. This year’s event features a keynote address by 29-time Emmy Award winner and Hall of Fame keynote speaker, Bill Stainton. Stainton’s address, “Connect the Dots: Innovation in the Cash Service Industry,” will debunk several myths about creativity and innovation and delve into what it means to be a game-changer in the cash industry.

The 2024 SCTA Conference will feature more than a dozen informative sessions delivered by leading experts in cash-in-transit, banking, retail, security, cybersecurity, insurance, and compliance. The full schedule for the event can be found at scta.securetransportassociation.org/agenda.

D. Mark Lowers, President of the Secure Cash and Transport Association, reflects on this year’s focus on innovation, “As leaders, we’ve had to navigate the rapid pace of technological change, integrating new systems and solutions to maintain business continuity and enhance safety and security. This adaptation has sharpened our skills and brought about greater efficiency. However, I believe the next chapter for us all is to focus on building resilience, ensuring that our industry can keep pace with technological advancements and thrive amidst them.”

Details about the event, registration information, and association membership details can be found on the event website at https://scta.securetransportassociation.org.

About the Secure Cash & Transport Association (SCTA)

The Secure Cash & Transport Association (SCTA) is a non-profit association established in 2013 to represent the shared interests of professionals in ATM servicing, cash handling/processing, transportation, and safekeeping of cash and coin throughout North America. Industry groups represented by the association include armored operators, insurance providers, truck builders, financial institutions, ATM cash providers, coin wrappers, security surveys and compliance providers, retailers, and loss adjusters.

Learn more at securetransportassociation.org.

Media Contact

Michael Gaul, Secure Cash & Transport Association, 1 (540) 338-7151, mgaul@securetransportassociation.org, https://www.securetransportassociation.org/

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SOURCE Secure Cash & Transport Association

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Technology

PayPal Enables Business Accounts to Buy, Hold and Sell Cryptocurrency

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45 mins ago

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September 25, 2024

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Company also provides the ability for business accounts to externally transfer cryptocurrency

SAN JOSE, Calif., Sept. 25, 2024 /PRNewswire/ — PayPal Holdings, Inc. (NASDAQ: PYPL) announced it is enabling its U.S. merchants to buy, hold and sell cryptocurrency directly from their PayPal business account. At launch, this functionality for Business Accounts will not be available in New York State. Today’s announcement is PayPal’s latest step to increase cryptocurrency‘s utility by making increased functionality available to millions of merchants in the U.S. 

“Since we launched the ability for PayPal and Venmo consumers to buy, sell, and hold cryptocurrency in their wallets, we have learned a lot about how they want to use their cryptocurrency,” said Jose Fernandez da Ponte, Senior Vice President of Blockchain, Cryptocurrency, and Digital Currencies, PayPal. “Business owners have increasingly expressed a desire for the same cryptocurrency capabilities available to consumers. We’re excited to meet that demand by delivering this new offering, empowering them to engage with digital currencies effortlessly.”

Additionally, PayPal is enabling U.S. merchants to externally transfer cryptocurrency on chain to third-party eligible wallets. PayPal business account holders can now send and receive supported cryptocurrency tokens to and from external blockchain addresses.

PayPal has continuously made significant steps to increase cryptocurrency‘s utilization. In 2020, PayPal announced the availability of its customers to buy, hold and sell cryptocurrency directly from their PayPal and Venmo accounts. In 2023, PayPal announced the launch of a U.S. dollar-denominated stablecoin, PayPal USD (PYUSD). In April 2024, we enabled PYUSD as a funding instrument for our Xoom platform, allowing users to pay no transaction fees when using PYUSD to fund eligible transfers to friends and family abroad. Most recently, PYUSD was made available on the Solana blockchain, providing users with the choice of multiple blockchains allowing for increased flexibility and control.

About PYUSD

PayPal USD is issued by Paxos Trust Company, a fully chartered limited purpose trust company. Paxos and its products – including expansion to new blockchains – are licensed to engage in Virtual Currency Business Activity by the New York State Department of Financial Services. Reserves for PayPal USD are fully backed by U.S. dollar deposits, U.S. Treasuries and similar cash equivalents, and PayPal USD can be bought or sold through PayPal and Venmo at a rate of $1.00 per PayPal USD.

Issuance and custody of PayPal USD is performed by Paxos Trust Company, LLC. Learn more in PayPal’s Cryptocurrency Terms, and in the Paxos Terms that also apply to PYUSD.

About PayPal

PayPal has been revolutionizing commerce globally for more than 25 years. The company creates innovative experiences that make moving money, selling, and shopping simple, personalized, and secure. PayPal empowers consumers and businesses in approximately 200 markets to join and thrive in the global economy. For more information, visit https://www.paypal.com, https://about.pypl.com/ and https://investor.pypl.com/.

Media Relations Contacts: 
Nicole Cutler
mediarelations@paypal.com

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SOURCE PayPal Holdings, Inc.

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KIWI design Unveils Made For Meta Products at Meta Connect 2024

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45 mins ago

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September 25, 2024

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MENLO PARK, Calif., Sept. 26, 2024 /PRNewswire/ — KIWI Design, a leading innovator in high-quality XR accessories, has successfully added two products to the “Made For Meta” program since 2023. In 2024, KIWI design was invited to participate in the Meta Connect event, where they presented three new “Made For Meta” products. These innovations come equipped with significant upgrades designed to enhance the immersive experience for XR enthusiasts. According to their official social media announcements, more products will be released in Q4.

With the introduction of the Made For Meta line, KIWI design continues to set the standard in the XR accessory market. Each product is designed with user feedback in mind, ensuring that every detail contributes to a more enjoyable and engaging XR experience.

“Our goal is to provide XR lovers with the most immersive experience.” stated Ray, CEO of KIWI design. “We are thrilled to introduce these new products, which embody our unwavering commitment to quality and innovation.”

Since its inception, KIWI design has built a reputation for crafting user-friendly and reliable XR accessories that are widely appreciated by consumers. This announcement features upgrades to their flagship products, promising a more comfortable and enjoyable experience for users.

As KIWI design moves forward, the company remains dedicated to its mission: “Pioneering Comfort and Immersion in Every XR Moment.” The unveiling of these new products at Meta Connect represents a significant step towards this goal, and the company is excited to continue innovating for the XR community.

For more information about KIWI design, please visit official website and follow KIWI design on Facebook, Instagram, X, YouTube and TikTok.

https://www.kiwidesign.com/

https://www.facebook.com/KIWIdesignOfficial

https://www.instagram.com/kiwidesignins/

https://x.com/KIWIdesign_shop

https://www.youtube.com/channel/UCOzFWarIschBuBfNz01Oucw

https://www.tiktok.com/@kiwidesign_official

SOURCE KIWI design

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