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Gaming Innovation Group signs new deal with Starcasino in Spain


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Gaming Innovation Group Inc. (GiG) continues to strengthen its presence in the Spanish iGaming market following the signing of an agreement with Starcasino Group for its leading platform and sportsbook.

This new alliance, the 14th now in operation for GiG technology in Spain, will allow Starcasino to enter the large and highly competitive Spanish market. Having secured both sports and casino licenses in the jurisdiction, Starcasino will take advantage of GiG’s unique experience and presence in the country. Indeed, the online Spanish market generates more than €800 million of GGR on a yearly basis, with casino and sports representing 90% of that figure.

Starcasino is one of the largest regulated online and landbased casino groups in Belgium, and carries with it a strong reputation at driving personalised experiences for casino players.

The agreement which has been signed for an initial period of 3 years will look to harness the capabilities of both GiG’s sportsbook and player account manager (PAM), which are focused on delivering excellent localised and personal casino journeys and strong sports margins in competitive and regulated markets.

Hervé Schlosser, Managing Director of Sportnco Gaming at GiG, said “I am really pleased to have signed this partnership with Starcasino, to power their entry into the appealing Spanish market. I am convinced that our combined sportsbook, platform technology and regulatory experience is well suited to help established operators like Starcasino power into new regulated markets.”

Alejandro Casanova, Country Manager for Starcasino Spain said: “We feel very pleased to have reached an agreement with the GIG Group. After many years of work and success in Belgium we have initiated our expansion to other markets, in Spain we have selected GIG Group’s technologies to successfully face the challenges of this market.”

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With 17.6% CAGR, Casino Management System Market Worth USD 22.56 Billion by 2030

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The global casino management system market size was USD 6.28 billion in 2022. The market is expected to expand from USD 7.24 billion in 2023 to USD 22.56 billion by 2030, exhibiting a CAGR of 17.6% over the forecast period. The surge can be attributed to the growing usage of block chain and cryptocurrencies on online gaming platforms. Fortune Business Insights™ provides this information in its research report, titled “Casino Management System Market Forecast, 2023-2030”.

Key Industry Development:

October 2022 – Gaming Innovation Group Inc. (GiG) inked a partnership with Strike Games for the provision of world-class platform solutions. The collaboration involves GiG’s player account management, front-end, and Content Management System (CMS).

Report Scope & Segmentation

Report Coverage Details
Forecast Period 2023 to 2030
Forecast Period 2023 to 2030 CAGR 17.6%
2030 Value Projection USD 22.56 Billion
Base Year 2022
Casino Management System Market Size in 2022 USD 6.28 Billion
Historical Data for 2019 to 2021
No. of Pages 150
Segments covered Module, Application and Geography

Key Takeaways

  • Casino management system market size in North America was USD 3.29 billion in 2022
  • Major driving factors include the rising need and awareness of advanced security and surveillance systems
  • By application, accounting segment holds the maximum market share
  • Global demand is driven by huge fraud and theft occurrences at the casinos
  • Increasing use of digital currencies will drive the market in the forecast period, 2023-2030

Drivers and Restraints:

  • Market Share to Rise Due to Growing Inclination Toward Better Management of Security Operations.
  • One of the prominent factors propelling the casino management system market growth is the increasing concerns over theft and fraud.
  • This is attributed to high volumes of daily monetary transactions in casinos and increasing demand for advanced solutions.
  • However, the market growth could be restrained on account of various factors such as rising smartphone penetration and the surging popularity of online gambling platforms.

Segments:

Table Games Segment to Record Substantial Growth Due to Increasing Popularity Among Young Population

On the basis of module, the market for casino management systems is segmented into table games and slot games. The table games segment is expected to register appreciable expansion throughout the forecast period. The segmental expansion can be credited to the rising number of table games such as blackjack, baccarat, red dog, roulette, and craps.

Security & Surveillance Segment to Gain Traction Owing to Rising Need for Security Solutions

By application, the market is subdivided into player tracking, security & surveillance, accounting, gaming analytics, marketing & promotions, and others. The security & surveillance segment is slated to grow at a considerable CAGR over the estimated period. The rise is being driven by the presence of identity theft attacks and fraud in several financial transactions.

On the basis of geography, the market for casino management systems is categorized into North America, Asia Pacific, Europe, and the rest of the world.

Regional Insights:

North America to Lead Owing to Rising CMS Adoption for Customer Retention

The North America casino management system market share is expected to register substantial expansion over the projected period. The rise is impelled by the growing product adoption for customer retention and the improvement of operational efficiency.

The Asia Pacific market is estimated to record considerable growth throughout the study period. The surge can be credited to the increasing introduction of IT systems and solutions.

Competitive Landscape:

Leading Companies Ink Partnership Agreements to Enhance Product Reach

Major players are focused on the adoption of various strategic initiatives. These steps are being adopted for the consolidation of their industry presence. These include mergers, acquisitions, product developments, and the formation of alliances.

List of Key Players Mentioned in the Report:

  • Ensico CMS d.o.o. (Slovenia)
  • WIN Technologies Limited (Barcelona)
  • Novomatic (Austria)
  • Apex Pro Gaming s.r.o. (Czechia)
  • CT Gaming (Bulgaria)
  • Tangam Systems (Canada)
  • Table Trac, Inc. (U.S.)
  • Evona (U.K.)
  • Casinfo Systems (U.S.)
  • Agilysys NV LLC. (U.S.)

Major Table of Contents:

  • Global Casino Management System Market Size Estimates and Forecasts, By Segments, 2019-2030
    • Key Findings
    • By Module (USD)
      • Slot Games
      • Table Games
    • By Application (USD)
      • Accounting
      • Security & Surveillance
      • Players Tracking
      • Marketing & Promotions
      • Gaming Analytics
      • Others (Digital Content Management, Etc.)
    • By Region (USD)
      • North America
      • Europe
      • Asia Pacific
      • Rest of World (RoW)
  • North America Casino Management System Market Size Estimates and Forecasts, By Segments, 2019-2030
    • Key Findings
    • By Module (USD)
      • Slot Games
      • Table Games
    • By Application (USD)
      • Accounting
      • Security & Surveillance
      • Players Tracking
      • Marketing & Promotions
      • Gaming Analytics
      • Others (Digital Content Management, Etc.)
    • By Country (USD)
      • United States
      • Canada
      • Mexico
  • Europe Casino Management System Market Size Estimates and Forecasts, By Segments, 2019-2030
    • Key Findings
    • By Module (USD)
      • Slot Games
      • Table Games
    • By Application (USD)
      • Accounting
      • Security & Surveillance
      • Players Tracking
      • Marketing & Promotions
      • Gaming Analytics
      • Others (Digital Content Management, Etc.)
    • By Country (USD)
      • U.K.
      • Italy
      • Ireland
      • Finland
      • Sweden
      • Rest of Europe
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Baltics

Passport Technology Partners With Olympic Park Casino Estonia to Provide First Quasi-Cash Service in the Baltics

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Passport Technology Partners With Olympic Park Casino Estonia to Provide First Quasi-Cash Service in the Baltics
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Passport Technology Inc. (Passport), a leading provider of payment technology solutions for the gaming industry, announced the launch of its CashValet® cash access service at Olympic Entertainment Group’s flagship casino Olympic Park Casino. This represents a significant advancement for the Baltic region, as Olympic Park Casino will now offer the first quasi-cash service of its kind.

“We are always looking for new and innovative solutions to provide our Olympic Casino customers with the highest standard of service across all channels. With the ever-evolving landscape, there is a greater need to integrate online and land-based operations,” said Peeter Tamla, IT Director of Olympic Entertainment Group. “The quasi-cash solution is ideal for showing our expertise in this field, making our customers’ experience comfortable and convenient and their financial transactions secure while adhering to the highest standards of security and compliance.” As stated by Tamla, many companies offer various services in the payment technology field; however, Passport has established itself as a leading provider for large businesses.

Passport’s CashValet is a premier quasi-cash solution that offers casinos a comprehensive and efficient means of facilitating immediate transactions with maximum approval amounts for patrons and VIP guests. Its level of security, privacy, and regulatory compliance ensures that both employees and patrons of Olympic Park Casino can experience the latest innovative technology.

“Passport Technology continues to set the standard for product innovation and market expansion,” said Helen Bowditch, Vice President of Business Development at Passport. “We are honored to have the opportunity to partner with Olympic Entertainment Group and are thrilled to introduce the Baltic region to the industry’s most advanced quasi-cash service for brick-and-mortar casinos.” The partnership with Olympic Entertainment Group will allow Passport Technology to expand its reach in the market and offer its cutting-edge payment technology solutions to a broader audience.

CashValet offers a range of features such as real-time reporting, dynamic fee structures, free play credits, responsible gambling features, self-exclusion options, and enhanced privacy protocols. As the premier provider of payment technology solutions, Passport’s CashValet is the only PCI-DSS Level 1, P2PE-certified, cloud-based solution available. It is also available in multiple form factors, including the new wireless device, enabling a wide range of use cases in accordance with jurisdiction and operator requirements.

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Infront Bettor signs multi-year global partnership with bet365

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Infront Bettor signs multi-year global partnership with bet365
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Infront Bettor, the betting-focused division of Infront, has announced a global agreement with bet365, the world’s largest online betting brand. The deal will see bet365 distribute 18,000 hours of content from over 30 rights holders to more than 80 million customers from over 160 countries around the world.

Chris Catling, Head of Infront Bettor, said: “This is a major agreement for Infront Bettor. It has been a busy and exhilarating few months launching the division, building out major and robust operations, acquiring a highly desirable set of betting rights and communicating to the market our new service. To agree terms with a partner who has led the digital revolution of online betting and is as forward-thinking as bet365 validates the hard work up until this point. I am excited to deliver our content to bet365 and to work with industry leaders to develop our proposition even further.”

Infront Bettor’s content portfolio includes popular competitions such as the English Carabao Cup, Coupe de France, Turkish Superlig as well as Infront’s historic pedigree of ice hockey rights such as the IIHF Ice Hockey World Championship and the Champions Hockey League (CHL). All of these rights are marketed exclusively by Infront.

“A new horizon for video products”

A key vision for both sides of the partnership is to reduce stream latency and reduce it from the current standard of between six and nine seconds. Whilst this is still significantly ahead of broadcast feeds, data latency is measured in low milliseconds making the delay between data and video significant. This can negatively impact the betting consumer experience.

New technology and a close collaboration with Infront Bettor’s partner iGameMedia will allow Infront to offer this significant product enhancement to bet365 for their content portfolio with expected latencies being around one second.

Catling added: “When we were designing our service and products we were very aware of bringing this to the market across our content portfolio. With a market leader like bet365 showing a real desire to embrace real time streaming, I see a new horizon for video products that drive betting engagement and interactivity increasing the fan engagement and betting experience.”

Infront Bettor is part of the Group’s Media, Betting and Technology unit led by Amikam Kranz as Vice President.

Kranz said: “I am thrilled with this new deal. It marks a significant achievement for our Media, Betting and Tech division and we are starting to see the fruition of bringing these business units together. These synergies are driving the rapid growth of our betting division. Our partnership with a market leader like bet365 is a testament to our commitment and we look forward to this partnership growing and making the breadth of Infront’s offerings available to them.”

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