Casinos & Gaming IGT’s 3rd-quarter revenue drops 15%, but online gaming grows IGT revenue fell short of 2019 levels, but the gaming equipment and slot machine manufacturer made gains with its. The largest development to the casino industry has been the introduction of mobile casino games and casino apps. It now seems almost impossible to spend an evening in front of the television without viewing an advert for the most recent casino app. We bring you the latest gossip with our news of rumors in the casino and poker industry. Stay updated with the latest rumors by following our news. All the latest breaking news on the USA casino industry, covering online and land-based casinos from casinousa.com. Casino Gambling news and opinions from the Biloxi Sun Herald newspaper in South Mississippi.
LAS VEGAS--(BUSINESS WIRE)--Synergy Blue today released a new report revealing consumer opinions on casino gambling in a post-COVID world.
The company surveyed gamblers to better understand what they will expect from operators in order to return to casinos. While the data shows gamblers’ confidence in casinos — 51 percent say they’ll return to casinos once they reopen — it also reveals the need for some long-term changes.
Casino la riviera. The report, The Path Forward for Casinos in a Post-Covid World, is based on a survey conducted in late April 2020 of 1,000 gamblers about how their expectations have changed and multiple factors that will impact their return to casino floors, including the experiences they now seek, the role the economy plays in their confidence, and if their interest in online and mobile gambling will continue after social distancing.
Casino Industry News 2020
The report examines the health and safety standards that gamblers would like to see. While confidence is solid, gamblers also believe casinos need to take ongoing measures to ensure health and safety. The survey found that 56 percent of gamblers said casinos need to permanently improve their health and safety standards following the pandemic.
The report also uncovers a dynamic that has long been on the radar of casinos. The data shows that a shift in casino demographics may happen much sooner than expected. Older gamblers are more hesitant to return to casinos amid higher concerns about health and safety. But younger demographics are now poised to lead the charge toward casino recovery. Nearly two-thirds (62%) of younger gamblers (ages 29 and under) and 56 percent of those ages 30-45 say they’ll gamble in casinos again once stay-at-home orders have lifted. Only 40 percent of respondents over age 60 said they too would return.
While slots were the traditional main draw for casinos, a younger generation of gamblers also points to declining interest in traditional slots. The survey found less than half (47%) of those 29 and under and 58 percent of 30-45 year olds said slot games would draw them back to casinos, compared to 69 percent of 45-60 year olds, and 73 percent of those 60 and older who are drawn to slot games.
“The casino industry has been hit hard by the crisis and, with high levels of uncertainty surrounding the long-term impact, it’s difficult to map out the best path forward,” said Georg Washington, CEO of Synergy Blue. “Our goal with this report is to provide the industry with resources and insight into what gamblers would like to see and, more importantly, what they expect from casinos when they return. We’re all in this together. And together, we can rebuild our industry. But in order to do that, we’ll need to reshape it to fit the changed preferences of our biggest supporters: the gamers and gamblers themselves.”
Additional findings from the report include:
- Of those planning to return, 48 percent said their gambling spend would remain the same
- Nearly two-thirds (64%) said they gambled online or played mobile games (pay to play/free to play) during the pandemic, and of those, 93 percent said they will continue with online or mobile gambling once stay-at-home orders have lifted
- Of those who are unsure or not planning to return, 58 percent say it’s because they’re uneasy about the economy
To download the full report, visit Synergy Blue’s website.
About Synergy Blue
Synergy Blue creates “Fun You Can Bet On!” As the leading provider of entertainment gaming solutions, the team is currently bringing arcade style, skill-influenced games (or interactive electronic gaming machines), platforms, and applications to the casino market. The company’s robust HAWG (Hybrid, Arcade, Wager-based Gaming) platform blends regulatory approved chance and skill-influenced gambling with the uninterrupted entertainment of arcade-style game play. Designed for an emerging class of players, Synergy Blue’s technology provides casino operators with a new generation of entertainment and games that are certified and backed by industry-leading patents. Now based in Las Vegas, Nevada, the company was founded in 2013 and has products and applications placed in six countries.
For more information visit: www.synergyblue.us or follow @synergyblue1.
LONDON--(BUSINESS WIRE)--Technavio’s latest research report on the global casino gaming market provides an analysis on the most important trends expected to impact the market outlook from 2017-2021. Technavio defines an emerging trend as a factor that has the potential to significantly impact the market and contribute to its growth or decline.
Ujjwal Doshi, a lead analyst from Technavio, specializing in research on gamingsector says, “The exponential growth in the smartphone and tablet market is further expected to influence the growth of the global online casino gaming market during the forecast period.”
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Technavio’s sample reports are free of charge and contain multiple sections of the report including the market size and forecast, drivers, challenges, trends, and more.
The top four emerging trends driving the global casino gaming market according to Technavio media and entertainment research analysts are:
- Shift in consumer gambling habits
- Changing marketing strategies
- Increasing association with hospitality sector
- Increased penetration of international credit and debit cards
Shift in consumer gambling habits
There has been a significant change in consumer behavior in the global casino gaming market. The increase in the popularity of gambling apps and social gambling are the major factors expected to propel the growth of the market during the forecast period. Vendors are leveraging the growth in internet using population and increasing adoption of mobile devices to develop innovative social gambling games. The number of people participating in social gambling is increasing because they are motivated to compete with friends and can interact with each other through games. Moreover, these gaming platforms offer user-friendly gameplay, and game tournaments.
In addition, the increasing adoption of the free-to-play model of social gaming across the globe is likely to drive the market growth during the forecast period. The model does not generate revenue directly as it does not charge a participation fee. Instead, it charges for virtual goods that players purchase to access the advanced features of a game or to gain an edge over their competitors.
Changing marketing strategies
An increasing number of vendors are trying to tap into the mobile and online environments to reach a larger audience, which is expected to propel market growth during the forecast period. The challenge for these marketers will be to reach their customers through mobile and social media in a personalized and non-intrusive way. As a high proportion of mobile users are millennials who try to skip advertisements, marketers will need to create content that is informative as well as entertaining.
“Among the plethora of marketing options available in the current age of internet, direct mail continues to be the most used technique of marketing, adopted by the casino gaming market” Four winds casino location. says Ujjwal.
Increasing association with hospitality sector
Casinos are a source of luxurious entertainment for people who have disposable time and income. However, casinos are the primary attraction of a city and they are popular for their games and rewards and not for the hospitality they offer. To expand their business, casino operators are looking for alternate methods to increase their customer base and attract a younger audience. One such method is an association with the hospitality sector.
Casinos are trying to integrate their businesses with major luxury hotels to increase their customer base. Casinos are placing slot machines at restaurants, bars, and other places to attract customers. This will increase the value of these places. With the addition of small casinos to major hotels, the reach of casino games is likely to increase further.
Increased penetration of international credit and debit cards
The biggest challenge of online gambling market is the legal issues with different countries. Several countries permit land-based casino gaming because it promotes tourism. However, the US and countries in the Middle East are extremely strict about online casino gaming. Online casino gaming cannot be banned completely as users can access foreign websites with a proxy server and gamble easily with an international credit or debit card.
Casino Industry News
Governments do not ban these websites permanently because they assume that individuals who engage in such activities are educated to know the consequences or are financially well off to be adversely affected by gambling losses.
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Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies.
Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.
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