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Slot Machine Market is estimated to grow at a CAGR of 0.89% during the forecast period 2017 to 2022

November 18
17:21 2018

Slot Machine Market | Research Cosmos
Slot machines are one of the largest contributors to revenue in all countries, despite the strict regulations imposed by governments around the world. It is expected that the employment opportunities associated with municipal welfare funds will increase the demand for slot machines in the coming years.

Slot Machine Market Overview:

A slot machine also known variously as a fruit machine or simply slot is a casino gambling machine with three or more reels that spin when a button is pushed. Slot machines are also known as one-armed bandits because they were originally triggered by a lever on the side of the machine, unlike a button on the front panel, and because of their ability to leave the poor or indebted player, with bandit as synonymous with thief. Many modern machines are still equipped with a legacy lever in addition to the button. The slot machines include a coin detector that validates the money inserted to play. The machine is profitable according to the types of symbols visible on the front of the machine when it stops. Modern computer technology has resulted in variations of the slot machine concept.

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Slot Machine Market was valued at USD 2845 million in 2017 and projected to reach USD 2980 million by 2022 growing at a CAGR of 0.89% during the forecast period 2017 to 2022.

Slot Machine Market Drivers and restraints:

The ease of government regulation is one of the determining factors in the growth of the slot machine market. Slot machines are one of the largest contributors to revenue in all countries, despite the strict regulations imposed by governments around the world. It is expected that the employment opportunities associated with municipal welfare funds will increase the demand for slot machines in the coming years. The increase in tax revenues generated by these machines is a determining factor for the legalization of online gambling. Government initiatives to verify the legality of suppliers and provide equal opportunities to other market players should boost the growth potential of the slot machine market. It is expected that the wide availability of substitutes will limit growth in the slot machine market during the forecast period. It is likely that the revenues generated by the slot machines stimulate the process of using social development and social welfare to attract local audiences. This, in turn, should stimulate the development of the market during the forecast period. Increasing the online sale of slot machines should be one of the determining factors in the development of the market during the forecast period. It is expected that the increasing popularity of reconfigurable gaming machines will affect the growth of the slot machine market during the forecast period.

Slot Machine Market Geographical segmentation:

Geographically, the slot machine market is separated into North America, Europe, Asia-Pacific, Middle East and Africa, and Latin America. Europe maintained its dominant market share in 2016 and is expected to maintain its position during the forecast period. The replacement of traditional slot machines by machines based on radical skills will likely have an impact on the growth of the slot machine market during the forecast period. The huge international revenues generated by gambling and gaming should boost the slot machine market during the foreseen period. North America is expected to have a significant market share in slot machines due to the growing popularity of these machines in this region. The ease with which government regulations stimulate the growth of gaming revenues is likely to determine the prospects for market growth in this region. The United States is expected to be the largest contributor to the North American slot machine market at the end of the forecast period.

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Key Players of Slot Machine Market:

The main players in the  Slot Machine Market are IGT, Scientific Games, Galaxy Entertainment Group, Aristocrat Leisure, NOVOMATIC Group, Ainsworth Game Technology, ASTRO Gaming, Gaming Partners International, Konami Gaming, Universal Entertainment and Everi Holdings, among others.

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