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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.

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Playnetic celebrates successful brand launch at ICE 2024

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Playnetic, the new immersive iGaming business, has marked its introduction to the industry with a bang after enjoying a successful brand launch at this year’s ICE London. Using the prominent industry event to official announce itself and reinforce the company’s key messages to its partners, Playnetic also revealed details of ten exciting casino titles, as it previewed games from its ever-expanding portfolio.

The jampacked tradeshow saw Playnetic kickstart its mission in offering innovative titles built with the latest technology and most exciting in-game features. At ICE, potential collaborators were treated to a sneak peek under the hood of the new company, and a chance to understand the levels of quality, reliability and service on offer.

iGaming’s newest player exclusively showcased ten games from its growing library, demonstrating a range of captivating titles that are primed to enter key global markets.

The collection includes eight thematic slots and two classic tables games, including thrilling titles: Max Catch, Miners are Wild and Thor’s Wild Power. These absorbing games were the centre of attention for Playnetic’s highly popular daily tournament, presenting enchanting audio-visuals and a variety of mechanics, the trio of titles attracted more than 300 players each day, with nine lucky players taking home a collection of brilliant prizes.

Dan Phillips, Playnetic CEO said: “We’re pleased to have had such a successful launch at one of the most important gaming events of the year. It was a pleasure to speak with a variety of industry experts and relay our vision for what we can offer in a vastly competitive business environment.

“It was fantastic to see so many positive leads for our CCO, Julian Borg-Barthet and the sales team; highlighting what a triumphant show it was. We’re really looking forward to the year ahead and to showcasing more content from our growing games library, beyond the ten titles we launched at ICE. We have a lot planned and are excited to continue growing and making our mark in key jurisdictions.”

Further exciting and original titles demonstrated at ICE included: Pop the Bank, Osiris Fortune, Nefertiti’s Ring Jackpot, Dragon’s Blaze, Max Catch and Bison Trails. Each game presents a unique design, with most featuring a highly sought-after Free Spins mode, as well as a range of progressive mechanics and multipliers – guaranteed to increase player engagement and retention.

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Glitnor Group Names Mel Camilleri-Bland as New Chief Operations Officer

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Ambitious iGaming business group tasks experienced industry veteran with taking B2C operations to the next level through its leading LuckyCasino and HappyCasino brands

Glitnor Group, the rapidly-expanding and entrepreneurially-led business group behind leading B2C brands LuckyCasino and HappyCasino, has announced it will soon be strengthening its C-Level team with the appointment of Mel Camilleri-Bland (pictured).

Having accumulated over 15 years’ worth of experience in the iGaming industry working in a number of high-profile consultancy, management and customer service roles, Camilleri-Bland will take over the reins as Chief Operations Officer for LCKY Group, the B2C team within Glintor Group, following the departure of the outgoing Chief Operations Officer, Cameron Brown.

Prior to joining Glitnor Group, Camilleri-Bland held the position of Group Director of Compliance for BVGroup following an almost seven-year stint with the company. During that time, she also worked as Head of B2B brands, Chief Operations Officer of Mayfly Entertainment Limited, Managing Director of Monarch Sensation and A2D Entertainment and Director of Operational Excellence for BetVictor.

Additionally, Camilleri-Bland has also worked as an independent director and consultant for MMC Consulting Limited and Director of Customer Operations for William Hill; and while such a multi-faceted and successful track record within the industry will have undoubtedly been a big part of putting her on Glitnor Group’s radar, another major aspect will have been the impressive variety of countries and cultures she’s worked in.

Over the course of her career Camilleri-Bland has had roles in almost every continent imaginable with numerous positions in the United Kingdom, Germany and Gibraltar being joined by more exotic locales such as South Africa, the Middle East and Malaysia. In each location, Camilleri-Bland has shown a keen aptitude for embracing local culture and being able to utilize this knowledge to mentor and develop those around her for the benefit of the business.

With this high level of adaptability as well as Camilleri-Bland’s strong leadership and interpersonal skills certain to come in handy as Glitnor Group looks to further expand its B2C operations in 2024, the group believes she has all of the necessary characteristics to help take the business to the next level in the role of Chief Operations Officer and both Camilleri-Bland and the B2C C-level team are clearly looking forward to her getting started.

“Having spent over a decade-and-a-half in the iGaming industry working in various management, consultancy and customer service roles across multiple continents, I’m delighted to now be able to utilise my expertise on the B2C side of Glitnor Group,” Camilleri-Bland said. “As a business, Glitnor Group has made giant strides forward over the past few years and I’m really looking forward to coming in at such an exciting time for the group. The team we have here is already amazing and I sincerely hope that the skills and industry know-how that I’ve accumulated over the past 15 years can add another dimension to that as we look to take things to a whole new level in 2024 and beyond.”

“While I’d like to take the opportunity to thank our outgoing Chief Operations Officer, Cameron Brown, for everything he’s helped Glitnor Group achieve during his time in the role, in Mel Camilleri-Bland, we think we’ve found the perfect successor to continue his legacy,” the Head of Brands and Business for Glitnor Group, David Schwieler, said. “Having helped numerous companies around the world transform their customer experience and improve their ROI, Mel arrives at Glitnor Group with a wealth of industry experience and all the tools required to take the B2C side of our business to the next level. We’re really looking forward to having her on board and can’t wait to see what we can achieve together as we continue to grow in the future.”

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REEVO and Peter and Sons Forge a Powerful Alliance to Transform Gaming Entertainment

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REEVO and Peter and Sons Forge a Powerful Alliance to Transform Gaming Entertainment
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REEVO, a pioneering B2B content and aggregation provider, proudly announces a dynamic partnership with Peter and Sons, an international game development studio renowned for revolutionizing online gambling with uniquely styled, high-performing video slots, and casino games. This strategic collaboration signifies a momentous leap in enhancing the gaming experience for players worldwide, seamlessly integrating Peter and Sons’ exceptional portfolio into REEVO’s cutting-edge platform. Together, these industry leaders are committed to redefining and elevating the landscape of gaming entertainment.

REEVO stands at the forefront of innovation with its resilient aggregation platform. This empowers over 80 partners to achieve distinctiveness through custom and exclusive REEVO content. Boasting a portfolio of over 8000 games, spanning slots, table games, crash games, and live gaming experiences, REEVO consistently establishes pioneering benchmarks in innovation and diversity.

In 2024, REEVO embarks on an ambitious journey to onboard over 60 new game providers, and the collaboration with Peter & Sons serves as a strategic initiative towards fulfilling this commitment.

Peter and Sons, founded in 2019 by a team of international enthusiasts and professionals, has set itself apart with a distinctive approach to casino game development. With world-class mechanics, their games offer an unparalleled gaming experience, featuring innovative features, stunning graphics, and top-notch audio. With a portfolio of 30+ games, including popular titles like Kaiser, Valkyries, Book of Books, and Barbarossa, and a new release each month, Peter and Sons aims to expand their universe, offering a diverse range of Slot Games, Scratch Cards, and Instant Games for every type of player and market.

Yann Bautista, Commercial Director, and Founder at Peter and Sons: We’re thrilled to team up with Reevo, expanding our game collection to a global audience. With over 30 titles, including favorites like Barbarossa and Book of Books, we’re eager to share our creations with Reevo Play’s esteemed partners. 

Petra Maria Poola, Head of Sales at REEVO, added: “I am thrilled to join forces with Peter and Sons. Their dedication to amazing game development has garnered them a stellar reputation, and we have long admired their work. This strategic partnership provides us with the exciting opportunity to introduce our captivating portfolio to new audiences, and we look forward to collectively setting new standards in the industry.”

The REEVO and Peter and Sons partnership signals the dawn of a new era in gaming entertainment, blending innovation, diversity, and a player-centric approach. Stay tuned as these industry leaders reshape the gaming landscape, delivering an unparalleled experience for players worldwide.

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