The global market for Casino Gaming Equipments has reached US$ 11 billion in 2021. This is expected to increase at a CAGR of 3.1% during the period of 2022-2027, according to IMARC Group. The COVID-19 virus is continuously tracked and evaluated to predict its indirect impact on the industry. However, this virus has also affected the global gaming equipment market. Despite this, many companies are continuing operations despite the threat.
The report presents a detailed analysis of the global casino gaming equipment market and provides forecasts up to 2027. The study includes a detailed analysis of market dynamics, country-level data, and competitive landscape. It also includes profiles of major companies operating in the industry. For each country, the report focuses on a key aspect of the market, including the size, application, and region. Casino Gaming Equipments Market is segmented by product type, installation mode, and end-user.
In New Zealand, casinos are required to maintain compliance with Regulatory Concessions. These regulations require casinos to test gaming equipments against the minimum standards. The Regulatory Concessions outlined in the New Zealand Gazette require that each equipment has been independently tested. These testing facilities must list the restrictions that SkyCity Auckland Casino must abide by in order to operate successfully. A properly tested cable is critical to the success of the casino. However, it is crucial to note that the minimum standards are constantly evolving.
In 2019, slot machines accounted for the largest share of the market. These machines are widely used in casinos around the world. These machines have undergone radical changes over the last decade, with the launch of advanced games and the integration of skill-based machineries. The market for slot machines has gained positive recognition over the years and is expected to grow at a higher CAGR during the forecast period. The market for casino gaming equipment is largely driven by slot machine revenues, but other segments are expected to grow at a faster pace.