Latest News- Casino Gaming Equipment Market: Casinos is expected to lead the End-user segment during 2025-2029

The Casino Gaming Equipment Market is being driven by Growing companies involvement in market

The Casino Gaming Equipment Market is expected to grow at a CAGR of 5.2% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 14590.1 million. In the dynamic casino gaming industry, electronic gaming machines have emerged as a preferred choice due to their adaptability and user-friendly features. Notably, manufacturers are introducing advanced casino gaming equipment, such as slot machines, with enhanced specifications. For instance, Everi's Empire Flex video platform boasts a 49-inch flexed display, 4K content, industry-unique flexible integrated light bars, and an expansive glass button deck. Similarly, NOVOMATIC's NOVOVISION software, launched in February 2024, offers a casino management solution with cutting-edge technology and customizable features. These innovations underscore the industry's commitment to providing engaging and technologically superior gaming experiences. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• End-user
  • Casinos
  • Malls
  • Others
• Type
  • Casino tables
  • Slot machines
  • Gaming chips
  • Video poker machines
  • Others
• Product Type
  • Floor mounted
  • Portable
• Geography
  • North America
    • Canada
    • US
  • APAC
    • China
    • India
    • Japan
    • South Korea
  • Europe
    • Germany
    • UK
    • France
    • Italy
  • South America
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Growing companies involvement in market
• Expansion of casinos
• Favorable regulatory policies

However, the market also witnesses some limitations, which are as follows:

• Restrictions on gambling in many countries
• Ban on gambling advertisements
• Complex design of casino gaming equipment

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Market Scope in Casino Gaming Equipment Market Research Report

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Research Analysis Overview

In various nations, legalized gambling activities in casinos and gaming establishments have led to a surge in demand for high-quality gaming equipment. This includes state-of-the-art gaming machines, tables, and gaming accessories. Shopping malls and entertainment venues have started incorporating casinos, leading to an increase in consumer spending. Regulations ensure fair play, with digital payment alternatives and even digital currencies accepted on websites. Traditional casino tables coexist with casino gaming machines, addressing the needs of diverse consumer preferences. However, it's crucial to address the potential risks of gambling addiction.

Market Research Overview

In the global gambling industry, casinos and gaming establishments require high-quality gaming equipment and state-of-the-art gaming machines to attract patrons and maintain a competitive edge. Regulation plays a pivotal role in ensuring fairness and crime prevention within this sector. On-location casinos must acquire various licenses to operate legally. These include an operating license, which permits specific gambling facilities, and a premises license or non-remote casino operating license, ensuring the premises are legally authorized for gambling activities. Personal management and functional licenses are also mandatory for individuals holding management positions or carrying out specific functions within the casino. Compliance with these licenses is essential for maintaining a legitimate and secure gambling environment.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/