A number of different companies, both large and small, are involved in today’s massive gambling industry. There are companies that specialize in developing online casino software, slot machine manufacturers, resort owners and much more. Companies in the casino industry tend to have some of the most interesting histories and back stories. Acquisitions, sales, bankruptcies, and mergers happen at a very high rate. This is due in part to how competitive the industry has become but also because of the nature of gambling which is always developing and changing.
Developers have a difficult task of trying to be different and current in every slot machine they come up with. Trends in the industry have improved the gaming world. We are yet to see what the future holds but it looks bright from here. There are other popular trends like Virtual Reality Gaming and Interactive Gaming Systems that have increasingly mage gaming better. From 2021, trends like the use of smartwatches in casinos will be very popular. The global slot machines market is segmented on the type, application, and geography. The Global Slot Machines market is estimated to be US$ XX.X Mn in 2019 and is projected to increase significantly at a CAGR of x.x% from 2020 to 2028. Aug 24, 2020 (The Expresswire) - “Final Report will add the analysis of the impact of COVID-19 on this industry”. Global “Slot Machines Market” report.
If you look at a picture of Las Vegas from the 1970s and compare it to what it is today, you will start to get a feel for just how dramatic the changes are. As you can imagine, an almost infinite number of companies came and went in this time, and that trend is sure to be repeated for the indefinite future.
Casino Brands
While there are a lot of small casino companies who manage anywhere from one to several properties, there are a handful who dominate the majority of the brick and mortar casinos in the United States and around the world. Most of these brands are household names, including Harrah’s (or Caesars Entertainment as it is now known), Wynn, and MGM.
The average gambler likely does not realize that CET actually owns many of the different casinos on the strip, and not just Caesars and Harrahs. On the same note, MGM also owns Aria and Bellagio.
Boyd Gaming
Caesars Entertainment
MGM Resorts
Penn National Gaming
Sands
Station Casinos
Wynn
When you visit a heavily trafficked gambling city like Las Vegas, you will see a number of casinos over and over again. For example, LV has multiple “Terrible’s” casinos throughout various parts of the city. Even still, some of these smaller and lesser known casinos are quite frequently owned by much larger parent companies.
Online Gaming Companies
Online gaming is quite different from other casino brands. A large number of these companies were founded on the internet, primarily in the early 2000s when online gambling was much less scrutinized and the market in the US was booming. Over time, a lot of these companies either faded away completely, transitioned to non-US only brands, or continued to operate in the United States in a legal gray area. Today, many of the most popular and recognizable online gambling companies are even publicly traded.
The difference between online and B&M casinos today is that online sites started and only operate online where physical casinos have been growing in the opposite way. In states and areas where online gambling has become regulated on a state level, names like CET have started to compete with the old online only companies.
Sports Betting Companies
While many casinos have their own name-brand sportsbooks, there are also some third party companies who make white label sports betting products and services. Whether it be for online or land-based sports betting, there are several major companies manufacturing sports betting apps and products. Below we have listed them for you to review:
Slot Machine and Game Provider Companies
There are not that many different big slot machine companies. Though there are innumerable different titles and games, most of them are made by a select few number of companies. Ballys (not to be confused with the casinos with the same name), IGT, and WMS are some of the most recognized and abundant game makers today. Take a look at the next machine you play and the odds are that it will be made by one of these companies.
Ainsworth
Aristocrat
Bally Technology
Belatra Games
BetGames.tv
Betsoft
Booming Games
Endorphina
Everi Gaming
Evolution Gaming
Ezugi
GameArt
IGT Slot Machines
Microgaming
NetEnt
Playtech
Realtime Gaming
Scientific and WMS Slot Machines
WagerWorks
WGS Technology
A number of slot machine companies who originally only produced physical software and hardware for casinos have now transitioned into online gaming. IGT is one example of a company who has now asserted a real presence with online slots. As this trend continues, more slot players will be able to play their favorite games online from the comfort of their own homes or wherever they have access to the internet.
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LONDON--(BUSINESS WIRE)--Technavio has been monitoring the casino gaming equipment market and it is poised to grow by $ 43.3 bn during 2020-2024, progressing at a CAGR of about 10% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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Frequently Asked Questions:
- What are the major trends in the market?
Liberal regulations introduced by several governments is a major trend driving the growth of the market. - At what rate is the market projected to grow?
The year-over-year growth for 2020 is estimated at 9.70% and the incremental growth of the market is anticipated to be $ 43.3 bn. - Who are the top players in the market?
Ainsworth Game Technology Ltd., AMATIC Industries GmbH, APEX pro gaming a s, Aristocrat Leisure Ltd., Eclipse Gaming Systems LLC, International Game Technology PLC, Konami Holdings Corp., Novomatic AG, Scientific Games Corp., and Universal Entertainment Corp., are some of the major market participants. - What is the key market driver?
The expansion of casinos is one of the major factors driving the market. - How big is the APAC market?
The APAC region will contribute 37% of the market share.
The market is concentrated, and the degree of concentration will accelerate during the forecast period. Ainsworth Game Technology Ltd., AMATIC Industries GmbH, APEX pro gaming a s, Aristocrat Leisure Ltd., Eclipse Gaming Systems LLC, International Game Technology PLC, Konami Holdings Corp., Novomatic AG, Scientific Games Corp., and Universal Entertainment Corp. are some of the major market participants. The expansion of casinos will offer immense growth opportunities. To make most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
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Casino Gaming Equipment Market 2020-2024: Segmentation
Casino Gaming Equipment Market is segmented as below:
- Type
- Casino Tables
- Slot Machines
- Gaming Chips
- Video Poker Machines
- Others
- Geography
- North America
- APAC
- Europe
- South America
- MEA
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Casino Gaming Equipment Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The casino gaming equipment market report covers the following areas:
Slot Machine Industry
- Casino Gaming Equipment Market Size
- Casino Gaming Equipment Market Trends
- Casino Gaming Equipment Market Industry Analysis
This study identifies liberal regulations introduced by several governments as one of the prime reasons driving the casino gaming equipment market growth during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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Casino Gaming Equipment Market 2020-2024: Key Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist casino gaming equipment market growth during the next five years
- Estimation of the casino gaming equipment market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the casino gaming equipment market
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of casino gaming equipment market vendors
Table of Contents:
Executive Summary
Market Landscape
- Market ecosystem
Market Sizing
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019 - 2024
Five Forces Analysis
- Five forces summary
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Type
- Market segments
- Comparison by Type
- Casino tables - Market size and forecast 2019-2024
- Slot machines - Market size and forecast 2019-2024
- Gaming chips - Market size and forecast 2019-2024
- Video poker machines - Market size and forecast 2019-2024
- Others - Market size and forecast 2019-2024
- Market opportunity by Type
Customer Landscape
Geographic Landscape
Slot Machine Industry Trends
- Geographic segmentation
- Geographic comparison
- North America - Market size and forecast 2019-2024
- APAC - Market size and forecast 2019-2024
- Europe - Market size and forecast 2019-2024
- South America - Market size and forecast 2019-2024
- MEA - Market size and forecast 2019-2024
- Key leading countries
- Market opportunity by geography
- Volume driver - Demand led growth
- Market challenges
- Market trends
Vendor Landscape
- Vendor landscape
- Landscape disruption
- Competitive scenario
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- Ainsworth Game Technology Ltd.
- AMATIC Industries GmbH
- APEX pro gaming a s
- Aristocrat Leisure Ltd.
- Eclipse Gaming Systems LLC
- International Game Technology PLC
- Konami Holdings Corp.
- Novomatic AG
- Scientific Games Corp.
- Universal Entertainment Corp.
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
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