Slot Machine Performance Report

LONDON--(BUSINESS WIRE)--Technavio has been monitoring the slot machine and it is poised to grow by USD 14.09 billion during 2020-2024, progressing at a CAGR of over 15% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

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Any gambler probably knows that a slot machine is sometimes jokingly referred to as “the one-armed bandit.” When they were first created, slot machines were mechanical devices containing reels wound on large metal hoops that were connected to a lever on the side—players pulled this “arm” to activate the machine, and they were usually left considerably lighter of pocket.

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Frequently Asked Questions-

Based on segmentation by product, which is the leading segment in the market?

The digital slot machines are expected to be the leading segment based on product in the global market during the forecast period.

What are the major trends in the market?

Use of bitcoins in gambling is one of the major trends in the market.

At what rate is the market projected to grow?

Growing at a CAGR of over 15%, the incremental growth of the market is anticipated to be USD 14.09 billion.

Who are the top players in the market?

AMATIC Industries GmbH, APEX pro gaming AS, APOLLO SOFT s.r.o., Aristocrat Leisure Ltd., Eclipse Gaming Systems LLC, International Game Technology Plc, Konami Holdings Corp., NOVOMATIC AG, Scientific Games Corp., and Universal Entertainment Corp. are some of the major market participants.

What are the key market drivers?

Rising number of casinos is one of the major factors driving the market.

How big is the Europe market?

The Europe region will contribute 35% of market growth.

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. AMATIC Industries GmbH, APEX pro gaming AS, APOLLO SOFT s.r.o., Aristocrat Leisure Ltd., Eclipse Gaming Systems LLC, International Game Technology Plc, Konami Holdings Corp., NOVOMATIC AG, Scientific Games Corp., and Universal Entertainment Corp. are some of the major market participants. The rising number of casinos will offer immense growth opportunities. To make most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.

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Slot Machine 2020-2024: Segmentation

Slot Machine is segmented as below:

Product
- Digital
- Mechanical
Geographic Landscape
- APAC
- Europe
- MEA
- North America
- South America

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Slot Machine 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The slot machine report covers the following areas:

Slot Machine Size
Slot Machine Trends
Slot Machine Analysis

This study identifies use of bitcoins in gambling as one of the prime reasons driving the slot machine growth during the next few years.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.

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Slot Machine 2020-2024: Key Highlights

CAGR of the market during the forecast period 2020-2024
Detailed information on factors that will assist slot machine growth during the next five years
Estimation of the slot machine size and its contribution to the parent market
Predictions on upcoming trends and changes in consumer behavior
The growth of the slot machine
Analysis of the market’s competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of slot machine vendors

Table of Contents:

PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

2.1 Preface
2.2 Currency conversion rates for US$

PART 03: MARKET LANDSCAPE

Market ecosystem
Market characteristics
Market segmentation analysis
Value chain analysis

PART 04: MARKET SIZING

Market definition
Market sizing 2019
Market size and forecast 2019-2024
Market outlook

PART 05: FIVE FORCES ANALYSIS

Bargaining power of buyers
Bargaining power of suppliers
Threat of new entrants
Threat of substitutes
Threat of rivalry
Market condition

PART 06: MARKET SEGMENTATION BY PRODUCT

Market segmentation by product
Comparison by product
Digital - Market size and forecast 2019-2024
Mechanical - Market size and forecast 2019-2024
Market opportunity by product

PART 07: CUSTOMER LANDSCAPE

PART 08: GEOGRAPHIC LANDSCAPE

Geographic segmentation
Geographic comparison
Europe - Market size and forecast 2019-2024
North America - Market size and forecast 2019-2024
APAC - Market size and forecast 2019-2024
South America - Market size and forecast 2019-2024
MEA - Market size and forecast 2019-2024
Key leading countries
Market opportunity

PART 09: DECISION FRAMEWORK

PART 10: DRIVERS AND CHALLENGES

Market drivers
Market challenges

PART 11: MARKET TRENDS

Advent of innovative slot display solutions
Use of bitcoins in gambling
Growing number of M&A activities

PART 12: VENDOR LANDSCAPE

Overview
Landscape disruption
Competitive scenario

PART 13: VENDOR ANALYSIS

Vendors covered
Vendor classification
Market positioning of vendors
AMATIC Industries GmbH
APEX pro gaming AS
APOLLO SOFT s.r.o.
Aristocrat Leisure Ltd.
Eclipse Gaming Systems LLC
International Game Technology Plc
Konami Holdings Corp.
NOVOMATIC AG
Scientific Games Corp.
Universal Entertainment Corp.

PART 14: APPENDIX

Research methodology
List of abbreviations
Definition of market positioning of vendors

PART 15: EXPLORE TECHNAVIO

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

The Mashantucket Pequot Tribal Nation and the Mohegan Tribe saw mixed slot machine results last month as they await word from the Trump administration about their gaming agreements. Slot revenue at Mashantucket-owned Foxwoods Resort Casino was $38.3 million in October 2017, according to a press release. That represents a 3.4 percent increase from the same month last year. The Mohegan Sun, on the other hand, saw a 6.2 percent drop in slot revenues, The New London Day reported. Revenue totaled $47.6 million for October 2017, the paper said. The tribes are operating their casinos pursuant to the Indian Gaming Regulatory Act. Their agreements are also governed by the federal law. The Trump team, however, is refusing to give the tribes an answer on the agreements despite being required by IGRA to do so within a 45-day time frame. The holdup is tied to a new casino the tribes are planning to open under state, rather than federal, law.

The New England Casino Race: Tribal and commercial gaming facilities in Connecticut, Massachusetts and Rhode Island

The tribes already won state approval for the facility, to be located in the city of East Windsor. On August 2, they asked the Bureau of Indian Affairs to confirm that the project won't infringe on their existing rights but no firm answer was received despite the September 15 deadline. The new casino is meant to compete with a $950 million commercial casino going up just across the state line in Massachusetts. MGM Resorts International, a non-Indian firm, is lobbying the Trump administration in an effort to derail the tribes. The tribes are still hoping to start work by the end of the year in hopes of opening in late 2018, The Hartford Courant reported. The MGM facility is due to open at the same time. In related news, the Mohegan Tribe pushed back the groundbreaking on a gaming resort in South Korea to the spring of 2018, The Day reported. The entire project, to be completed in phases, is expected to cost $5 billion. Read More on the Story:
Mohegan Sun reports slots revenue down 6% (The Norwich Bulletin November 15, 2017)
Foxwoods' slots revenue up 3 percent in October, Mohegan Sun's down 6 percent (The New London Day November 15, 2017)

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MGM Ramps Up Hiring For New Springfield Casino With Career Center Opening (The Hartford Courant November 14, 2017)
Mohegans push back Inspire groundbreaking, host South Korean officials (The New London Day November 13, 2017)

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Slot Machine Performance Report Sample

Mohegan Tribe believes Trump team accepted new casino despite murky response (September 27, 2017)
Connecticut tribes can't get clear answer from Trump team on bid for new casino (Setpember 19, 2017)
Connecticut tribes see another win as court refuses to rehear casino challenge (September 11, 2017)
Eastern Pequot Tribal Nation questions legality of new casino in Connecticut (August 17, 2017)
Tribes report mixed results in slot machine revenues at casinos in Connecticut (August 15, 2017)
Tribes in Connecticut await federal approval of revised gaming agreements (August 1, 2017)
Connecticut tribes sign new gaming agreements to account for new casino (July 20, 2017)
Tribes celebrate as governor in Connecticut signs new casino bill into law (June 28, 2017)

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Tribes in Connecticut waiting on governor to sign bill for new casino (June 23, 2017)
Connecticut tribes welcome court decision favoring new casino law (June 22, 2017)

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Connecticut tribes heap praise on senior Trump administration official (June 14, 2017)