Industry News
Global Casino Management System (CMS) Market, Forecast to 2030: Burgeoning Demand for Online Casinos and Gambling, with Player Tracking Holding a Major Share
The “Global Casino Management System (CMS) Market 2023-2030” report has been added to ResearchAndMarkets’s offering.
The global CMS market is anticipated to grow at a considerable CAGR of 17.6% during the forecast period. The market growth is attributed to factors such as increasing demand of online casinos and gambling. It is anticipated that, in the coming years consumers’ interest towards online casinos and gambling will continue to expand.
Consumers have engaged themselves in online gambling due to its easy availability for the purpose of enjoying games in their preferred environment and Individuals can log in at any time they want. They offer a wide range of online casino and gambling games such as, jackpot guru, windaddy, bigbaazi, casibee, lucky spins.
For Instance, in March 2023 BetMGM has announced the launch of the Wheel of Fortune Online Casino in partnership with IGT Wheel of Fortune, along with additional themed games and features.
Segmental Outlook
The global CMS market is segmented based on its components, applications and end-users. Based on its components, the market is segmented into solution, service, consulting, deployment and integration, support and maintenance. Based on the applications, the market is segmented into accounting, security and surveillance, player tracking, marketing and promotions, gaming analytics, and others. Further more, based on end-users, the market is segmented into small casino, medium casino, and large casino.
Among the application, the security, and surveillance sub-segment is expected to exhibit significant growth, owing to the increased security concerns due to the increased influx of people to casinos such as, plenty of security, reputational, and financial risks can be eliminated with increased security and risk assessment.
Player Tracking Sub-Segment Holds a Major Market Share
Among the application segment, the player tracking sub-segment is anticipated to register significant growth for the forecast period. The growth of player tracking sub-segment is expected to experience significant growth globally, owing to the growing popularity of online gaming. The casino management system enables the casino to better monitor the behaviors of its customers. It effectively keeps track of a player’s activity on the gaming table by documenting the device the player is paying on, and for how long and it dominates the number of wins and losses that have occurred.
For Instance, in August 2022, Table Trac, Inc. announces has announced the binding of an agreement for implementing the CasinoTrac Management System at both the bighorn casino and the longhorn casino in Las Vegas, Nevada. This provides management with an exact understanding of the sorts of machine consumers used to like gaming.
Regional Outlooks
The global CMS market is segmented based on geography, including North America (the US and Canada), Europe (Italy, Spain, Germany, France, and Others), Asia-Pacific (India, China, Japan, South Korea, and Others), and the Rest of the World (the Middle East & Africa and Latin America). Among these, the North American region is anticipated to grow at a significant rate over the forecast period, owing to the prevalence of CMS industry can be attributed to the growth of experienced technologies, increasing software implementation, and the region’s significant acceptance of casinos.
Asia-Pacific Expected to Hold a Prominent Share
The Asia-Pacific region is expected to be the most rapidly developing region owing to the growth of casinos are gaining social acceptance, and the number of casinos rising economies such as China and India. The casino management system is predicted to rise due to increased legalization and an increased the number of gaining organizations, and gaming establishment in gaming property such as casino, hotel , and resort that offers a variety of games or betting that requires a legal license.
Market Players Outlook
The major companies serving the global CMS market include Casinoflex Systems International Ltd, , Ensico CMS D.O.O, Hconn Inc, International Game Technology PLC IGT, Table Trac, Inc, and others. The market players are considerably contributing to the market growth by the adoption of various strategies, including mergers and acquisitions, partnerships, collaborations, funding, and new product launches, to stay competitive in the market.
For Instance, in November 2022, Table Trac Inc has announced it will be in charge of providing its Casino Management System Casino Trac to the Golden Buffalo Casino and Motel located in Lower Brule, South Dakota. They meant to automate as well as monitor the operation of casinos and the system is a versatile product that is suited to a variety of gaming and entertainment center environments. The company also allows the casinos to provide accounting and player club services.
The report covers:
- Market value data analysis of 2022 and forecast to 2030
- Annualized market revenues ($ million) for each market segment
- Country-wise analysis of major geographical regions
- Key companies operating in the global casino management system (CMS) market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future
- Analysis of market-entry and market expansion strategies
- Competitive strategies by identifying ‘who-stands-where’ in the market.
A selection of companies profiled in this report includes:
- Bluberi Gaming Technologies Inc.
- Casinoflex Systems International Ltd.
- Delta Casino Systems
- Ensico CMS D.O.O
- Hconn Inc.
- International Game Technology PLC IGT
- Konami Group Corp.
- Lodging and Gaming Systems Inc.
- Micros Systems Inc.
- Next-Level Security Systems Inc.
- Novomatic AG
- Playtech PLC
- Table Trac, Inc.
- TCS John Huxley Ltd.
- Win Technologies Ltd.
Leading gaming technology Group NOVOMATIC was an exhibitor at the international trade fair FIJMA from May 7-9, 2024, boasting a stand full of innovative products for the Spanish market. The Group’s local subsidiary NOVOMATIC Spain launched the brand new XTENSION LINK Volume 2, which was the star of the show.
The international gaming trade show FIJMA took place from May 7 to 9 at the IFEMA exhibition centre in Madrid, bringing together a large number of industry leaders. NOVOMATIC showcased an extensive range of products perfected for the Spanish market.
This arcade game was presented in the high performing BLACK EDITION II 1.49J cabinet and attracted a lot of attention from visitors, especially with its GOLDEN SPINS feature which ultimately increases the player’s chances of winning. The XTENSION LINK Volume 2 with its ten thrilling titles, Expanding Reels Feature and Free Games takes the player experience to new heights.
“This cabinet is the result of hard and innovative work that has addressed the needs of our distributors and operators in order to offer a versatile and attractive experience for their gaming establishments,” Jordi Pedragosa, Commercial Director of NOVOMATIC Spain, said.
Other new products on display were the ROYAL LINK, “The Royal Seal for Arcades”, which offers extraordinary quality and excellence for an attractive price, and the NOVO LINE POWER LINK GOLD, which has come to Spain with a revamped and enlarged collection of games. Within this diverse offer for arcades, more powerful models were showcased, such as IMPERA LINK Series 2, CASH CONNECTION Fusion, River Queen Roulette or CLOVER LINK Xtreme, the latter from APEX.
NOVOMATIC’s local subsidiary also presented a wide range of products, exuding a level of freshness and innovation that positively captivated visitors. The section dedicated to the bar segment saw versatility resonating throughout these two new launches: NOVO LINE Supra Cash, with its fascinating games library including three roulette titles and IMPERA Cash Fusion, where Progressive Jackpot titles are combined with IMPERA classics. The second edition of NOVO LINE Power Cash was also shown with a series of new titles. All these models were showcased in the Winner HD+ cabinet, an evolution that features the NV22 bill acceptor. The nearly 1400 m2 of floor space tailored to the company stood out for the excellent way in which the company’s innovative products were staged and presented. Lighting and other decorative elements, fused with cutting-edge technology, played an important role in capturing the attention of visitors, for whom there were plenty of gifts and activities to be enjoyed. Of all the stand’s events, the one that stood out was the “Beat the Champ” event by Chris Mark, world table soccer champion, with whom guests could battle in an exciting duel.
Bernhard Teuchmann, Managing Director of the Product and Technology Division, said: “Participating once again in FIJMA has been a unique experience that has given us the opportunity to strengthen relationships with our customers and show our commitment to innovation. Our most sincere thanks go to all those who worked on preparing and attending this event with the same passion and responsibility that form the essence of who we are.”
The post NOVOMATIC Launches XTENSION LINK Volume 2 at FIJMA appeared first on European Gaming Industry News.
Hard Rock International
The Mirage Hotel & Casino to Begin Transformation into Hard Rock Las Vegas on July 17, 2024
Hard Rock International (HRI) announced its plans to cease operations of The Mirage Hotel & Casino as of July 17, 2024, to begin the transformation of the property into the highly anticipated Hard Rock Hotel & Casino and Guitar Hotel Las Vegas (HRHCLV).
Hard Rock will develop a new integrated resort featuring a nearly 700 ft. guitar-shaped hotel towering prominently in the center of the famous Las Vegas Strip.
“We’d like to thank the Las Vegas community and team members for warmly welcoming Hard Rock after enjoying 34 years at The Mirage. We’d also like to thank the Unions, community leaders, local and state government organizations and the Gaming Commission for their support and fair negotiations over the past year. Also, we are grateful to MGM for assisting with our transition,” Jim Allen, Chairman of Hard Rock International, said.
“While we pause for the incredible transformation of this iconic property, I’d like to thank all team members at The Mirage for their incredible commitment and helping us provide memorable experiences for our guests. We are planning to host collaborative hiring events with other employers in the Las Vegas community over the coming months. Connecting the thousands of talented Mirage team members who provide outstanding service with new employment opportunities is a top priority,” Joe Lupo, President of The Mirage, said.
HRHCLV is expected to double the current number of jobs at The Mirage for the Las Vegas community, while the renovation of the property will generate over 2500 construction jobs. Hard Rock will pay approximately $80 million in severance packages for eligible union and non-union employees remaining with the property through cessation of operations.
CogniPlay has launched its new software product, which aims to provide a robust online sweepstakes or social gaming platform to its clients. The system is designed to be modular, allowing customers to tailor their brand and offering to what they believe will give them optimal performance.
The CogniPlay system has several key integrations which help to deliver the product, including games integrations with the likes of Pragmatic Play, BetSoft, Mascot Gaming and many more, giving them 100s of games for their clients. There are other integration options for their customers to pick from too, including affiliate programme software, CRM platforms and associated products, KYC, ID verification, Geo-IP systems, Gamification and customer support.
They also have a very long and extensive development pipeline which will see the product offering develop at pace, giving clients an extensive list of options and USPs, and of course giving players a great user experience as a result.
As well as the platform itself the CogniPlay team, due to their considerable experience, also offer a whole host of managed services, with almost a menu that clients can choose from to fill any gaps in their own skillsets or experience.
CogniPlay’s Chief Executive Officer Allan Turner said: “We are very proud to take the CogniPlay product to market and are excited that people who want to start a new social or sweeps brand can get in touch with us to see what we can do for them, or in fact established brands that are unhappy with their existing provider.
“Our underlying principles are that we want to provide the most flexible platform in the space, to enable our clients to create the product they want to have, not for us to dictate the product to them. The two other main areas of focus are that we want to be the most future-proof product on the market with plans for any regulatory or legal changes that may arise in the future, and that we have all the right safeguards in place to ensure that we look after both our clients and players with our responsible gaming setup. This of course means having the right tech and processes in the key areas of KYC, Geo-IP tech, anti-money laundering, fraud, risk assessment and ID verification.”
The post CogniPlay Launches New Social Casino Platform appeared first on European Gaming Industry News.
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