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Casino Management System Market Is Predicted to Reach US$ 31.6 Billion by 2033: Fact.MR Analysis

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Fact.MR – A Market Research and Competitive Intelligence Provider: The global casino management system market is slated to grow at a prolific CAGR of 13.1% through 2023 & beyond. Growth in the market is predicted to rise on the back of rising online gambling solutions in casinos across the globe. With increasing popularity of leisure activities such as gambling, the demand for casino management systems to manage the cash overflow and reduce criminal activities will drive the demand.

These systems aid the business in handling financial services, cashless ticketing, table slot management, and others. Fraudulent activities in gaming and gambling witnessed an incline of nearly 35% as per the research, especially with license and policy agreement violations. Surging incidence of fraud, cash, and data theft, the casinos are adopting management systems for security and surveillance.

A per Fac.MR, with growing digital development and use of social media & online gambling apps, the fraud attempts across the globe are skyrocketing. Hence, key players are developing casino management systems with high-tech features such as facial recognition and with big data analytics.

Some of these players are also developing systems that have behavioral analytics with bulk of data stored to reduce these cheating practices. On the back of these factors, the analytics segment is expected to record growth at an impressive 16% CAGR through 2033. Further, integration of technology such as natural language processing (NLP), machine learning (ML), and artificial intelligence (AI) will increase the growth in the market.

Regionally, North America is expected to witness remunerative growth opportunities in the casino management system market. Growth in the region is primarily underpinned by growing number of casinos in the U.S. As per the study, sales in North America are expected to expand by 3.2x over the upcoming decade.

Key Takeaways:

  • Over 64% of revenue is expected to be contributed by North America and Europe, collectively, in 2033.
  • Demand for casino management systems in South Asia & Oceania is predicted to burgeon at 17% CAGR during the forecast period.
  • East Asia is expected to witness impressive growth at 16% CAGR over the upcoming decade.
  • The U.S. and Mexico are expected to be the most remunerative countries in the casino management system market.
  • In terms of application, the security & surveillance segment is expected to account for over 25% of sales in the market.

Growth Drivers:

  • Surging need for security and surveillance in casinos and hotels to reduce the criminal activities is expected to drive the demand in the market.
  • Integration of advanced technology such as facial recognition, big data, and artificial intelligence in these systems will propel the growth in the market.
  • Increasing number of casinos in the U.S., Japan, and China will improve the adoption of casino management systems.

Restraints:

  • Growing popularity of online gambling apps and platform might limit the demand in the market.
  • Decline in the revenues of casino and operations due to rising awareness towards obsessive gambling is likely to hamper the sales.
  • Lack of skilled IT professionals and high cost of these systems might impede the growth in the market.

Competitive Landscape:

Key companies profiled in the market are focusing on developing digitally advanced and virtual management systems to gain competitive edge in the market. They are also integrating advanced technologies such as disruptive block chain technology, machine learning, and real-time big data analytics to provide accurate and unique data and gain revenue.

For instance,

  • In April 2022, Acres Manufacturing Company, a global casino loyalty and technology developer, announced the launch of its bonusing platform, Precision Bonusing, compatible with any slot machine which is connected to the company’s casino management system.
  • In May 2022, leading gaming giant International Game Technology PLC announced the launch of its IGT advantage casino management system and partnered with NUSTAR Resort and Casino in Cebu, Philippines.

Key Companies Profiled by Fact.MR

  • Konami Corporation
  • Agilysys Inc.
  • Bally Technologies
  • Casinfo Systems
  • International Game Technology (IGT)
  • LGS (Lodging and Gaming Systems)
  • Micros Systems Inc. (Oracle Corporation)
  • Honeywell International Inc.
  • Next Level Security Systems Inc.
  • Aristocrat Leisure Limited.

More Valuable Insights on Casino Management System Market

In the latest study, Fact.MR offers a detailed study on global casino management system market for the forecast period of 2023 to 2033. This study also highlights key drivers promoting the sales of casino management system through detailed segmentation as follows:

By Application:

  • Security & Surveillance
  • Analytics
  • Accounting & Cash Management
  • Player Tracking
  • Property Management
  • Marketing & Promotions
  • Others

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • Middle East & Africa

Key Questions Covered in the Casino Management System Market Report

  • What will be the projected value of the casino management system market in 2023?
  • At what rate will the global casino management system market grow until 2033?
  • Which are the factors hampering the growth in the casino management system market?
  • Which region is expected to dominate the global casino management system market?
  • Which are the factors driving the casino management system market during the forecast period?
  • Which is the chief application of casino management systems?

Explore Fact.MR’s Coverage on the Technology Domain

Integrated Video Surveillance Systems Market: Increasing application of integrated video surveillance systems in residential and commercial sectors is the key factor driving the demand. These systems are installed in hotels, casino, government organization, banks, and to manage smart cities. These systems help the businesses and organizations to gather information and prevent any criminal activities.

Cash Management System MarketThe global cash management system market is projected to reach US$ 14.18 Billion by 2032, registering a CAGR of 14.5% during the forecast period (2022-2032). Digital cash management technologies aids businesses in creating a safe financial net and provides real-time extensibility of processes while streamlining the business’s activities.

Network Video Recorder (NVR) MarketThe global network video recorder (NVR) market is expected to reach at a value of US$ 11.21 Billion by 2032, registering 13.3% CAGR between 2022 and 2032. Sales of network video recorders accounted for nearly 5.5% of demand share in global video surveillance systems market.

Gambling in the USA

Gaming Americas Weekly Roundup – March 13-19

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Welcome to our weekly roundup of American gambling news again! Here, we are going through the weekly highlights of the American gambling industry which include the latest news and new partnerships. Read on and get updated.

Latest News

Affinity Interactive (AI) announced that its affiliates have entered into a definitive agreement to sell Rail City Casino (Rail City) to affiliates of Truckee Gaming LLC (Truckee Gaming). The financial terms of the transaction were not disclosed.

WynnBET, the online sports betting and casino app from the global leader in luxury hospitality, Wynn Resorts, announced that its online sports betting platform is live in the Commonwealth of Massachusetts. Players can download WynnBET on the Apple and Google Play Stores or register for an account at www.wynnbet.com/ma.

The Alcohol and Gaming Commission of Ontario (AGCO) announced that Tom Mungham, its current registrar and chief executive officer, has decided to retire from his current roles this fall. Tom will continue in these roles while the Board conducts its search for the agency’s next Registrar and CEO and will remain to support a smooth transition until that individual begins.

Federated Indians of Graton Rancheria and the State of California have entered into a Tribal-State gaming compact as announced by Governor Newsom’s office on March 9, 2023. This will replace the agreement signed in 2012. The new compact increases the number of authorised slot machines at Graton Resort & Casino from 3000 to 6000.

Tiidal Gaming Group announced that it and its wholly-owned subsidiary, Tiidal Gaming Holdings, have entered into a share sale and purchase agreement with Entain Holdings (UK) Limited, pursuant to which Tiidal Holdings will sell all of the shares of the Company’s operating subsidiary, Tiidal Gaming NZ Limited (Sportsflare), to Entain.

Partnerships

Betplay has extended its partnership with Colombian football’s governing body Dimayor for a further six years. For the past three years, as a sponsor of Dimayor, the operator has held the naming rights to the body’s competitions, including the First Division (Betplay League), Second Division (Betplay Tournament), Colombia Cup (Betplay Cup), Super League and Women’s League.

The United Soccer League (USL) and global sports marketing agency SPORTFIVE have reached a new, long-term, expansive partnership to help the league grow its business globally. Under the agreement, SPORTFIVE will continue to secure key international media distribution partnerships across television and digital platforms for USL’s professional leagues, including the USL Championship and USL League One men’s competitions and the USL’s new professional women’s competition, the USL Super League, which will launch in August 2024.

Playtech has announced a landmark strategic partnership with Hard Rock Digital (HRD). Under the partnership, HRD will license a range of the company’s proven technology solutions and iGaming content to deliver the authentic experience customers have come to expect across Hard Rock’s global ecosystem of entertainment, hospitality and bricks and mortar casinos.

Elray Resources announced it has signed up its first operator, Maxibet Technology N.V., and is in the process of finalising the operator’s blockchain casino under the brand name Maxibet, licensed in Curaçao and to be operated globally.

Rush Street Gaming and Rivers Casino announced a partnership with MSC Cruises that grants Rush Reward Members at all Rivers Casino locations an annual cruise benefit that applies to most of the company’s sailings worldwide.

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Latest News

Symplify integrates Open AI into its Engagement Ecosystem

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Symplify, the Stockholm-based market leader in CRM and AI cloud solutions, has integrated Open AI into its Engagement Ecosystem to optimise client content creation.

Seamlessly utilising Open AI within Symplify’s platform will enable existing partners to create custom auto-generated content and imagery across all key marketing channels. The goal is to reduce content production times by up to 60% by providing a faster and more efficient solution for creating high-quality content.

A consistent issue facing clients is acting on the abundance of campaign and journey ideas, as the last stage of production can often be time-consuming. The Open AI integration allows users to easily generate text and images with a simple command within the Symplify Editor, while the copy can be refined and customised to suit specific needs. The resulting high-resolution images are entirely bespoke.

With the integration of Open AI, Symplify users can streamline their content production process, allowing them to focus on other critical aspects of their business.

Symplify’s CEO Robert Kimber said: “Symplify’s success is underpinned by our belief in futureproofing our partners’ businesses and by integrating Open AI into our Engagement Ecosystem we’re strengthening that commitment. By optimising the content development we’re helping grow our customers’ CRM strategies at scale, while offering multi communication channel coverage.”

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eSports

Team Top-G crowned champions of NESC 2023; become first ever Indian female CS:GO team to qualify for World Esports Championships

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Scripting history, team Top-G emerged as champions of the inaugural all-female CS:GO qualifiers with a stunning 2-1 victory against team Purr-ple at the ongoing National Esports Championships (NESC) 2023 organized by the Esports Federation of India (ESFI). Following this monumental result, Top-G has become the first Indian female CS:GO team to qualify for the global finals of the World Esports Championships (WEC).

With ace CS:GO athletes such as captain Swayambika Sachar (Sway), Shagufta Iqbal (xyaa), Nidhi Salekar (Stormyyy), Dilraj Kaur Matharu (COCO), Aastha Nangia (CrackShot) and Priyanka Choudhary (ALEXAA) as Substitute in their squad, Top-G proved their mettle against team Purr-ple in the closely-contested finals.

Expressing her feelings on the stellar victory, the team captain of Top-G, Swayambika ‘Sway’ Sachar said, “Winning the finals was an unreal feeling for all of us. We felt so many emotions before, after, and most importantly during the match and the adrenaline rush was on another level. Triumphing in this tournament and representing India on an international stage is a dream come true for all of us and we aim to prove on the world stage why we deserve this spot. We are grateful to ESFI for providing us with such an amazing opportunity and we truly appreciate the efforts put in by them to uplift women in Esports.”

Top-G dominated the first map by 16 -10 before Purr-ple made a stunning comeback to win the second map 16-14. While both teams were going toe-to-toe in the enthralling finals, Top-G utilized their effective teamwork and proficient attacking tactics to edge out their opponents and take the last map by 19-15 in overtime.

 “It gives us immense joy to see a female team representing India at the World Esports Championships for the first time in history. The electrifying finals were a testament to the ability that our country’s female athletes possess and why ESFI has constantly been taking significant efforts to provide them with opportunities to display their talent and high-quality gameplay. We would like to congratulate Top-G on their remarkable accomplishment and look forward to them winning at the regional & global finals in Romania,” said Vinod Tiwari, President of the Esports Federation of India.

The ESFI will now be organizing friendlies against distinguished CS:GO teams from other countries for team Top-G before their participation at the WEC 2023 which is scheduled to take place in Iasi, Romania.

With a whopping prize pool of $500,000 (INR 4.12 crore) and at least 130 countries participating, the 15th WEC is set to be the largest edition of the tournament to date. The global finals of the prestigious tournament will take place from August 24 – September 4, 2023.

One of the country’s top sports & Esports communication agencies, Artsmith-Concepts & Visions, will continue its support to the Esports Federation of India as their official communication partner.

The ongoing NESC is witnessing the participation of 275 athletes across four different titles – CS:GO, DOTA 2, Tekken7, and eFootball 2023 and its exciting action is being streamed live on ESFI’s Youtube, Facebook, and Glance Gaming channels.

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