nordcurrent-turns-players-into-fashion-designers-with-ugc-marketplace

Nordcurrent turns players into fashion designers with UGC marketplace

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Developer and publisher Nordcurrent has released a revolutionary update to its leading mobile fashion game, Pocket Styler, with the launch of a new creator platform, Pocket Styler Studio. The digital platform allows players to work like real-life fashion designers to create clothing, shoes and accessories to their exact specifications. Once finished, digital designers can market their creations under their own ‘designer label’ name and sell them in-game to millions of Pocket Styler’s players in return for in-game currency, which has never been possible in a mobile fashion game before.

The gaming skins market is a multi-billion dollar industry, with almost 50% of players buying skins with in-game currency and around 40% buying skins with real money, according to Newzoo. But, conceptualising, drawing and polishing collections takes time, and even with Nordcurrent artists supplying over 100 items every couple of weeks, Pocket Styler players still had a thirst for more items inspired by current fashion, movies, and celebrity looks, thus limiting the time players were spending in the game and subsequently Nordcurrent’s revenue.

The integration of user-generated content into Pocket Styler has revolutionized the in-game design process. It has provided players with a wider range of options to choose from while also allowing them to earn in-game currency. This feature has also addressed the creative burden faced by game artists and developers who previously struggled to keep up with the demand for fresh content. Designers now upload over 2,000 original items into the game every day, adding nearly 300 times more content than before the launch of Pocket Styler Studio.

Victoria Trofimova, CEO of Nordcurrent, said: “‘With over 100,000 daily active users, Pocket Styler is one of the world’s most popular fashion games, and now one of the most advanced thanks to the introduction of Pocket Styler Studio. It provides a platform for creators to become professional digital fashion designers who can build their brands and promote their designs globally.

“By empowering players and letting them design and sell their clothing, we hope to inspire the next generation of fashion designers while supporting them as active contributors to the game they love, helping us form a community of designers who play a genuine part in making the game even better.“

Pocket Styler Studio has been in beta since February. Currently, over 1,000 designers are creating items for the game, and another 5,000 designers are expected to upload daily in the first year of launch, creating trillions of outfit combinations and millions of new looks submitted weekly. Nordcurrent is also testing the option of designers earning real currency from their designs in the future.

Designs are saved into a designer’s profile until they are ready to be marketed. Once on sale, individual designers can track their brands’ success by ‘Publishing’ items and assessing how many sell. Players can choose a name for their designer label and earn ‘Gems’, the in-game currency, for every item sold to other players. Pocket Styler Studio is available globally; players must have Pocket Styler installed on their phones and have a free Nordcurrent ID to use Pocket Styler Studio, which can be accessed through a browser.

Launched in May 2021, Pocket Styler is based on attending different in-game events, creating looks based on the criteria of the events, submitting those looks, getting scores, and competing with other players to become “trendsetters” and climbing on top of the leaderboard. The game has 21 million downloads, with 100,000 players spending 10,000 hours on the app and giving 10 million votes to outfits daily.

mga-games-continues-to-lead-the-spanish-market-with-new-launch-at-onecasino.es

MGA Games continues to lead the Spanish market with new launch at Onecasino.es

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The developer of localised slots for global operators, MGA Games, has entered into a new strategic partnership to integrate its premium productions into Oncasino .es. A deal that strengthens its lead in the Spanish online gaming market.

This collaboration allows both companies to further consolidate their position in the industry. It also offers Onecasino .es players a wide collection of successful slots such as Spanish Celebrities, Chiquito and Chiquito 2 Condemor al rescate, and the popular slots La Mina de Oro, Gnomos Mix, Pasapalabra, Popeye, 777 Caliente, La Taberna or El Habanero among many others.

Javier Lanfranchi, Head of Sales at MGA Games, commented on the partnership: “We are certain that One Casino players will love our offer. We have the right formula to build customer loyalty and increase their presence in Spain: the perfect combination of innovation, quality and service.

The alliance with One Casino has also borne fruit at international level with the launch of MGA Games slots on the operator’s Dutch platform. The Netherlands is a growing market, in which MGA Games has entered strongly, as announced by the company a few days ago.

“In Spain we have a 99% penetration and a 15% market share, and we are also positioning ourselves as a global supplier of reference” – recalled Lanfranchi.

ela-games-obtains-the-mga-recognition-notice

ELA Games obtains the MGA Recognition Notice

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ELA Games is delighted to announce that it has been authorized by the Malta Gaming Authority. Marking the beginning of our expansion into select global markets in collaboration with MGA.

ELA Games continues its strategic expansion in Europe and it is another major step in its ability to access distribution and commercial partnerships with companies based in the iGaming hub of Malta.

Mike Cini, Business Owner at ELA Games, commented: “We’re delighted to have obtained our MGA Recognition Notice as it is another major milestone in our regulatory expansion. Malta is the leading iGaming hub in Europe and being authorized there will enable us to work even more closely with our operators and bring player engagement to the next level for our partners.”

ELA Games focuses on producing high quality products that are stacked with gamification features, quality design and animation. Recent releases include Vikings Wild Cash and Lucky Dwarfs. They have already received amazing feedback from operators and players and the studio looks forward to signing more partnerships and launching more games in the coming months.

global-video-games-market-report,-2022-and-2023-2030:-with-“speed-being-the-king”-in-gaming,-growing-fiber-to-home-(ftth)-connections-bolster-growth

Global Video Games Market Report, 2022 and 2023-2030: With “Speed Being the King” in Gaming, Growing Fiber to Home (FTTH) Connections Bolster Growth

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The “Video Games – Global Strategic Business Report” report has been added to ResearchAndMarkets .com’s offering.

Global Video Games Market to Reach $254.6 Billion by 2030

The global market for Video Games estimated at US$184 Billion in the year 2022, is projected to reach a revised size of US$254.6 Billion by 2030, growing at a CAGR of 4.1% over the analysis period 2022-2030.

Mobile Games, one of the segments analyzed in the report, is projected to record 4.9% CAGR and reach US$123.8 Billion by the end of the analysis period. Growth in the Console Games segment is estimated at 4.2% CAGR for the next 8-year period.

The U.S. Market is Estimated at $42.8 Billion, While China is Forecast to Grow at 4.7% CAGR

The Video Games market in the U.S. is estimated at US$42.8 Billion in the year 2022. China, the world’s second largest economy, is forecast to reach a projected market size of US$71.4 Billion by the year 2030 trailing a CAGR of 4.7% over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.9% and 4.1% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 3.5% CAGR.

What`s New?

  • Special discussions on the global economic climate and market sentiment
  • Coverage on global competitiveness and key competitor percentage market shares
  • Market presence analysis across multiple geographies – Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Access to digital archives and trademarked research platform
  • Complimentary updates for one year
  • Access to curated YouTube video transcripts of market sentiments shared by CEOs, domain experts and market influencers via interviews, podcasts, press statements and event keynotes

Select Competitors (Total 521 Featured)

  • Activision Blizzard, Inc.
  • Blizzard Entertainment, Inc.
  • King Digital Entertainment plc
  • Apple Inc
  • Atari SA
  • BANDAI NAMCO Holdings Inc.
  • Bluestack Systems, Inc
  • Capcom Co., Ltd.
  • Electronic Arts, Inc.
  • EA Sports
  • PopCap Games, Inc.
  • Facebook, Inc
  • Google LLC
  • iWin, Inc.
  • Konami Group Corporation
  • Konami Digital Entertainment Co. Ltd.
  • Konami Gaming Inc.
  • Nintendo Co. Ltd.
  • Riot Games, Inc
  • Roblox Corporation
  • Rovio Entertainment Corporation
  • Sega Holdings Co., Ltd.
  • Sony Interactive Entertainment Inc.
  • Supercell Oy
  • Square Enix Holdings Co. Ltd.
  • Square Enix Limited
  • Take 2 Interactive Software, Inc.
  • Tencent Holdings Ltd
  • Tetris Holding, LLC
  • The Walt Disney Company
  • Twitch
  • Ubisoft Entertainment SA
  • Unity Technologies
  • Valve Corporation
  • Xbox Game Studios

Key Attributes:

Report Attribute Details
No. of Pages 1025
Forecast Period 2022 – 2030
Estimated Market Value (USD) in 2022 $184 Billion
Forecasted Market Value (USD) by 2030 $254.6 Billion
Compound Annual Growth Rate 4.1%
Regions Covered Global

MARKET OVERVIEW

  • Current State of the Video Games Industry: A Review
  • Gaming as a Form of Entertainment is Here to Stay: Global Number of Active Gamers (In Billion) Years 2020, 2022, 2024 and 2026
  • Competition
  • Video Games – Global Key Competitors Percentage Market Share in 2023 (E)
  • Competitive Market Presence – Strong/Active/Niche/Trivial for Players Worldwide in 2023 (E)
  • Video Games: Introduction/Overview & Types
  • Recent Market Activity
  • Innovations

MARKET TRENDS & DRIVERS

  • With “Speed Being the King” in Gaming, Growing Fiber to Home (FTTH) Connections Bodes Well for the Higher Consumer Engagement With Video Games
  • Since Gaming Experiences Are Only as Good as the Network, Growing Number of Homes With High Speed Fiber Optic Internet Means More Households Will be Hooked Onto More Graphically Demanding Video Games: Global Market for Fiber-to-the-Home (FTTH) (In US$ Million) for Years 2021, 2023, 2025 and 2027
  • Ubiquity of Smartphones Drives the Popularity of Mobile Gaming, Particularly on the Android OS. Here’s Why
  • Healthy Demand for Smartphones Creates a Parallel Opportunity for Mobile Gaming: Global Shipments of Smartphones (in Million Units) for 2020 through 2025
  • Preference for Immersive Gaming Drives Demand for Visualization & 3D Rendering Software
  • Here’s Why Console Gaming Still Remains Popular
  • “The More the Merrier”. Social Gaming Storms Into the Spotlight as a Major Trend in 2023
  • Social Presence Will Continue to Play a Central Role in the Adoption of Social Gaming: Global Number of Social Media Users (In Billion) for the Years 2022, 2024, 2026, 2028
  • In the Era of On-Demand Gaming as a Service (GaaS), Cloud Gaming Storms Into the Spotlight
  • Convergence of Gaming and Gambling, a Key Trend in the Market
  • As Gambling Addiction Takes on a Deeper Hue, Gamification of Physical Gambling Brings Opportunities for the Video Games Market: Global Number of Gamblers (In Million) for the Years 2018, 2020, 2022 and 2024
  • Make Way! Here Comes Metaverse Gaming
  • Gaming to the Remain the Largest Application Area for Metaverse: Global Metaverse Market Share Breakdown (In %) by Application for Years 2020 and 2027
  • Roblox, an Online Gaming Company that Offers Metaverse like Experiences, Witnesses Steady Rise in the Number of Users: Roblox Active Daily Users (In Million) by Quarter for Years 2019, 2020, 2021 and 2022
  • Roblox, an Online Gaming Company that Offers Metaverse like Experiences, Witnesses Steady Rise in the Number of Users: Roblox Active Daily Users (In Million) by Quarter for Years 2019, 2020, 2021 and 2022
  • Changing Demographics of Modern Gamers Sets Stage for Increased Consumption of Video Games
  • Percentage Breakdown of Global Number of Gamers by Age Group for the Year 2022
  • Percentage Breakdown of Global Number of Gamers by Gender for the Year 2022
  • Gamification in Education on the Rise as Perceived Educative Value of Video Games Increases
  • AR/VR Games Get a Boost from the Expanding App Ecosystem & Android OS Support for AR Technology
  • Artificial Intelligence (AI) Innovations Transform Video Games
  • With the Ability to Self-Learn, Evolve, Interpret & Respond to Player’s Actions, AI is Poised to Take Realism in Games to the Next Level: Global Spending on AI in the Advertising & Media Industry (In US$ Million) for Years 2021, 2023, 2025 and 2027
  • Blockchain Emerges to Change the Gaming Landscape
  • From Securing In-Game Transactions to Enhancing the Gaming Experience, Blockchain is Here to Revolutionize the Gaming Industry: Global Spending on Blockchain in the Media & Entertainment Industry (In US$ Million) for Years 2021, 2023, 2025 and 2027
  • Here’s How 5G Will Transform Gaming
  • The Future of 5G is Unquestioned & So is Its Potential for Changing the Rules of the Game in Today’s Experience Economy: 5G Contribution to GDP in Select Countries by 2030 (In US$ Billion)
  • Developments at Hardware & Content Level Boosts Opportunities for Video Games
  • Holographic Games Hit the Spotlight
  • What are Challenges in Store for the Market in the Coming Years?
pagcor-scores-99.46%-in-gcg-2022-performance-evaluation-system

PAGCOR SCORES 99.46% IN GCG 2022 PERFORMANCE EVALUATION SYSTEM

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The Philippine Amusement and Gaming Corporation (PAGCOR) recently received formal recognition from the Governance Commission for GOCCs or GCG for achieving a score of 99.46% in its annual Performance Evaluation System (PES) for 2022.

The score is one of the highest in the history of PAGCOR and was achieved on the first year under the leadership of Chairman and CEO Alejandro H. Tengco, who was appointed by President Ferdinand Marcos Jr. in August 2022.

PAGCOR’s score in the 2021 PES was 98.08%, while in 2020 it was 91.38%.

The award for 2022 was received by PAGCOR President and COO Atty. Juanito L. Sañosa during the inaugural GOCC Governance Awards Ceremony on November 20, 2023 at the PICC Complex in Pasay City.

Atty. Sañosa said the award elevated PAGCOR to the ranks of the best performing GOCCs in the country.

“This is truly another proud moment for PAGCOR. While this award serves as a validation of our efforts and hard work, it also inspires us to continuously exceed our past accomplishments – all in the service of our country,” he said.

The PES award is a recognition of the unwavering dedication to the highest standards of accountability and efficiency among government-owned and controlled corporations.

In the GCG report, PAGCOR garnered perfect scores in the following categories: Increased Contribution to National Government Coffers and Nation-Building Efforts; Increased Gross Gaming Revenue of the Industry; and Increased Revenue of PAGCOR; among others.

In his keynote speech during the awards ceremony, Executive Secretary Lucas P. Bersamin said GOOCs contributed Php48.68 billion in dividends in 2022, funding some of the most vital government socio-civic projects such as infrastructure, health, education, and others.

“It is beyond question that GOCCs are significant tools in adjuring inclusive economic growth and development for 2022. The Bureau of Treasury recorded Php48.68 billion dividends coming from different GOCCs that are covered under Republic Act 10149,” Bersamin noted.

In a statement, GCG Commissioner Atty. Brian Keith F. Hosaka encouraged all GOCCs to work closely together in making the GOCC sector a prime driver in delivering effective and efficient progress for Filipinos.

Aside from PAGCOR, twelve other GOCCs received awards for achieving the highest Corporate Governance Scorecard (CGS) ratings in 2022 while three bagged the CGS Hall of Fame.

dreamhack-winter-2023-opens-in-jonkoping

DreamHack Winter 2023 Opens in Jönköping

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Dreamhack Winter 2023, presented by ESL FACEIT Group and partner Elgiganten, opened its doors at the Elmia Congress Center in Jönköping, Sweden. Taking place from today until November 26 (LAN November 23-26), 2023, DreamHack Winter is an immersive gaming lifestyle festival offering attendees an extraordinary experience where the gaming community comes to life.

Highlights from day one include the stunning opening ceremony welcoming attendees from across the globe to DreamHack Winter, bass-blasting live music acts, and nail-biting first tournaments across esports championships such as the Brawl Stars World Finals and ESL R1, as well as meet-and-greets, tabletop gaming, cosplaying, and much more.

DreamHack Opening Ceremony
Attendees for day one were treated to an eye-watering introduction to Jönköping, as a spectacular light show lit up the halls of DreamHack Winter.

The World Famous LAN Party Kicks Off
DreamHack veterans and newcomers set up their spaces ready to take part in the iconic LAN event, which will see attendees set up their computer (or console) for a weekend of non-stop gaming. Guests also have the opportunity to jump into the Fortnite Battle Royale Duos LAN tournament, which is set to run across all three days, with a $10,000 prize pool up for grabs.

Turn Up The Volume With Live Musical Acts
The first day of DreamHack Winter concluded with four stellar musical performances on the live stage, as guests soaked up the atmosphere and danced the night away. Opening with a jaw-dropping performance from Tiktok star Bell, the fun continued with electrifying LBSB and WastedPenguinz, and Frontliner wrapping up the first night of DreamHack Winter with his intense basslines.

ESL Challenger Begin With A Series Of Nail-Biting Matches
Eight of the world’s best Counter-Strike teams delivered their best performance during the first day of DreamHack Winter, with their eyes on a share of the $100,000 prize pool and qualification for the next EPT event: ESL Pro League Season 19. Monte and MIBR proceed to the semi finals, with 3DMAX the first to be eliminated.

Group A
1 Monte 2-0 26-13 13
2 Nouns Esports 1-1 21-24 -3
3 Eternal Fire 0-1 11-13 -2
3 TYLOO 0-1 5-13 -8
Group B
1 MIBR 2-0 38-31 7
2 GamerLegion 1-1 39-46 -7
2 Virtus.pro 1-1 35-34 1
4 3DMAX 0-2 42-43 -1

An Epic Clash Reigned Over The Brawl Stars World Finals
Day one of DreamHack Winter marked the introduction of the Brawl Stars World Finals, which saw Group Stage Part One commence. Attendees witnessed incredible performances from Reply Totem and Navi, as teams battled it out in the hopes of taking away a piece of the eye-watering $750,000 prize pool.

ESL R1 Fall Major Accelerates Off The Start Line
The top 24 drivers from the ESL R1 season took to the track, competing against one another in a series of nail-biting races before the final 12 drivers were selected to attend tomorrow for the final day of the Fall Major. All drivers showcased phenomenal performances, with Sebastian “Sebi” Job from G2 at the top of the leaderboard, securing a spot in the finals alongside the other top 10 drivers from the day.

 

Creator Hub Highlights
The Creator Hub returns to DreamHack Winter with all-new ways for fans to interact with their favourite stars. This year, the area will be home to numerous fun activities, each involving the audience and creators alike. Whether it be playing Red Light, Green Light with MatildaLindroth, LativeGamer & TuggoTacco, or Dodgeball with Nicoleboojie & RelicKris – you won’t be strapped for games and interactions to jump into. Here are just some of the creators attending DreamHack Winter:

  • Elajjaz
  • Kandyland
  • AnnieFuchsia
  • NymN
  • MissMikkaa

Exciting Events Still To Come At DreamHack Winter…
The fun continues across the weekend at DreamHack Winter, with a plethora of activities for attendees to dive into. Visitors can expect a catwalk competition at the DreamHack Cosplay Championship on Saturday, the chance to meet even more content creators such as f0rest, a reprieve from the show floor in the iconic Retro Arcade Area or Tabletop Arena, and much more.

reevo-announces-exciting-partnership-with-mascot-games

REEVO Announces Exciting Partnership with Mascot Games

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REEVO, the B2B content and aggregation platform, has partnered up with Mascot Games, a developer of high-quality iGaming content. This strategic alliance will enable REEVO operator partners to gain access to the extensive Mascot Games portfolio.

This partnership will allow REEVO operator partners to tap into the diverse and captivating Mascot Games portfolio, thereby enriching their gaming offerings and enhancing player engagement. By integrating  content through REEVO’s single API, it ensures that operators have a one-stop solution for a diverse and engaging gaming experience.

One of REEVO’s key strengths is its commitment to innovation. With over 8,000 games in their extensive collection, including slots, table games, crash games, and live gaming experiences sourced from esteemed third-party suppliers, REEVO has already positioned itself as a major player in the industry. In 2024, REEVO plans to add over 60 new game providers. This forward-looking approach ensures that REEVO remains at the cutting edge of iGaming content delivery.

Mascot Games has gained recognition as a standout software provider in the iGaming industry, known for delivering high-quality content on flexible and lucrative commercial terms. The company specializes in the development of multiplatform games, including slots, lotteries, and card games, offering operators everything they need to generate significant profits.

Petra Maria PoolaHead of Sales, REEVO, said: “We are excited to collaborate with Mascot Games to bring their exceptional iGaming content to our operator partners. This partnership represents our commitment to offering unparalleled value to our clients and players alike, and we look forward to the positive impact it will have on the iGaming industry.”

Alexander Erofeev, Business Development Manager, at Mascot Gaming, added: “I’m excited to announce that the Mascot Gaming portfolio is finally available on the Reevo Aggregation platform! We are confident that our partnership will bring mutual benefit and will allow new operators to expand their portfolio with first-class games from the leading game provider in one click!”

team-vitality-reveals-ultimate-gaming-set-up-giveaway-designed-by-fans-worth-e8,000,-celebrating-one-year-of-the-v.hive-app

Team Vitality Reveals Ultimate Gaming Set-up Giveaway Designed by Fans Worth €8,000, Celebrating One Year of the V.Hive App

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To celebrate the V.Hive Apps’ one-year anniversary, Team Vitality is giving away a complete gaming set-up worth up to €8,000! This giveaway can be won through an in-app quest fans can embark on between November 22 and 29. In addition to the gaming set-up, participants will also have the chance to win many prizes designed by Team Vitality’s players and community.

Participate through the V.Hive app to stake your claim on a multitude of prizes that await fans!

But wait, the fun doesn’t end here! While one lucky winner will be selected for the ultimate gaming setup, the remaining participants will be in the running to go home with their very own epic prize! Team Vitality has a huge selection of prizes gifted by its partners that will be up for grabs. Think JBL Quantum headphones, speakers, mics, XTRFY mice and keyboards, and a Secret Lab chair and EVNIA screen thrown in the mix. Get ready to win big!

To have a chance at winning the jackpot, participants will have to complete a simple three-step process using the Team Vitality V.Hive app. Simply follow the Team Vitality and V.Hive X (Twitter) accounts, retweet the announcement video and tag two friends in the comments below!

Used by Team Vitality’s pros daily, the ultimate €8,000 gaming set-up contains:

  • 1 x Secret lab chair
  • 1 x Secret lab office
  • 1 x 24-inch Evnia screen (Full HD 240hz gaming monitor – 25M2N3200W)
  • 1 x 32-inch Evnia screen (4K UHD gaming monitor – 32M1N5800A)
  • 1 x Cherry XTRFY wireless mouse
  • 1 x Cherry XTRFY keyboard
  • 1 x Cherry XTRFY mouse pad
  • 1 x JBL wireless gaming headset
  • 1 x eJBL desktop speaker
  • 1 x JBL stand microphone
  • 1 x Team Vitality kit (one pair of arm warmers, one pro-kit set, one jersey)

Also up for grabs are :

  • 1 x Gaming PC (worth up to €4000)
  • 1 x Playstation 5 (and controller)
  • 1 x Logitech webcam
  • 1 x El Gato stream deck
  • 1 x Mini fridge
  • Govee wall lamps
  • Plus many more exciting prizes!

Fan experience at the heart of the V.Hive app

Designed to bring fans together, the V.Hive app assigns players with an insectoid 3D avatar upon joining. Users can then customise their avatar with digital wearables that are won through quests within the app. Quests are completed through actions of support for Team Vitality, whether during events or on social networks, etc. As a result, user commitment allows users to climb the V.Hive rankings; the more quests fans conquer, the higher they climb, and the better the rewards. Rewards include limited edition products, discounts, event access, and unique experiences with Team Vitality players.

In just one year, the V.Hive app exceeded 80,000 downloads and revolutionised web3 and blockchain in esports. Its creation led to a 70% increase in fan engagement across social media platforms, with a 167% increase in Twitter growth rate. The development of the application is at the heart of Team Vitality’s communication and growth strategy. In 2024, fans will benefit from new features to make the fan experience even more exceptional.

endorphina-establishes-a-partnership-with-fonbet.gr!

Endorphina establishes a partnership with Fonbet.gr!

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Endorphina, the leading software provider in the iGaming industry, recently partnered up with Fonbet to deliver its full suite of classic and video slots to the operator’s players in Greece! Taking into account Endorphina’s dedication to creating innovative next-gen slots, and Fonbet’s desire to provide the best gaming experience, this partnership is set out to do wonders for both companies.

Endorphina has been dominating the iGaming scene for over 10 years, constantly raising industry standards with its award-winning slot games. By continuously pushing the limits and implementing player-centered game development, Endorphina has built a strong and diverse audience of slot enthusiasts just waiting for the next big masterpiece. Endorphina’s portfolio consists of over 150+ unique and visually pleasing slot games. By partnering up with Fonbet.gr, Endorphina expects to further expand its products and introduce unparalleled gaming experiences to a broader audience.

In the words of Nare Grigoryan, Endorphina’s Regional Director in Malta:

“We are delighted to join forces with Fonbet.gr to bring our games to a broader audience in Greece. This partnership reflects our shared passion for gaming and a commitment to raising the bar in the industry.”

Yiannis Gangas, Deputy General Director at Fonbet,gr, in Athens said:

“Adding the highly popular Endorphina games to our Casino suite is a key milestone for us, in line with our strategy to always enhance the value of our offering and add new quality games for our players.

slot-machine-market-to-soar-at-79%-cagr,-fairfield-market-research-projects-us$18.2-bn-revenue-by-2030

Slot Machine Market to Soar at 7.9% CAGR, Fairfield Market Research Projects US$18.2 Bn Revenue by 2030

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The global slot machine market is poised for substantial growth, with an estimated market size of approximately US$9.9 Bn (2022) projected to surge to a valuation of US$18.2 Bn by the end of 2030. This impressive growth trajectory indicates an impressive CAGR of 7.9% from 2023 to 2030.

REPORT SCOPE

Report Attributes Details
Base Year 2022
Forecast Year 2023 – 2030
Estimated Market Size in 2030 US$18.2 Bn
CAGR 7.9%
Growth Drivers
  • Increasing tourism activity
  • Growing number of casinos, globally
  • Rise of innovative game designs
Segmentation
  • By Application (Refining, Ammonia, Transport, Others)
  • By Technology (Alkaline Electrolyser, PEM Electrolyser, Solid Oxide Electrolyser & Others)
  • By Source (Solar PV, Offshore Wind, Onshore Wind)
Regional Coverage
  • North America (US, Canada)
  • Europe (Germany, UK, France, Italy, Turkey, Russia, Rest of Europe)
  • Asia Pacific (China, Japan, South Korea, India, Southeast Asia, Rest of Asia Pacific)
  • Latin America (Brazil, Mexico, Rest of Latin America)
  • Middle East & Africa (GCC, South Africa, Rest of Middle East & Africa)
Key Players IGT, Aristocrat Leisure Limited, Scientific Games Corporation, Konami Gaming, Inc., Everi Holdings Inc., Novomatic Group, SuzoHapp, APEX Gaming, Zytronic

The robust expansion in market revenue is propelled by a combination of factors, including the increasing popularity of digital and online gaming applications, advancements in technology enhancing player experiences, and the steady rise in disposable incomes, particularly in key regions such as North America, and Asia Pacific.

The flourishing casino industry, and the dynamic shift toward digitalisation primarily positions the slot machine industry as a lucrative area that expects sustained growth and investment opportunities in the coming years.

The adoption of progressive slot machines, and the integration of cutting-edge technologies will most likely drive sustained growth in the market. The global slot machine market is navigating a dynamic landscape with the rise of digital applications, progressive features, and regional expansions,” predicts the company analyst.

Key Research Insights

  • Video slot machines lead the machine type segment, garnering high demand due to their incorporation of free spins and mini-games, appealing to a broad customer base with their engaging features.
  • While mechanical products historically dominated the slot machine market, serving as its foundational elements due to early adoption, their market share has waned over the years. The rise of digital and electronic slot machines has eclipsed the appeal of traditional mechanical slots, offering enhanced features and interactivity.
  • Presently, North America holds sway in the slot machine market, attributed to its well-established gambling culture, technological advancements, stringent regulatory framework, and robust consumer spending on leisure activities.

 

Insights into Segmentation Analysis

Casino Application Remains Dominant

Casinos capture the largest market share, serving as major hubs for slot machines. Digitalisation of casinos and online platforms expands the reach of slot machines, making casino applications the primary platform for gaming and revenue generation.

Mobile gaming, social gaming, and online platforms witness high growth, driven by changing player preferences and technological advancements.

Mechanical Product Category Leads

Traditional mechanical slot machines historically held the largest market share. Digital and electronic slot machines gain ground with enhanced features and interactivity. Digital products experience the highest growth rate, offering dynamic and immersive gameplay for modern players.

Computerisation Technology Spearheads

Progressive slot machines with collective jackpots attract players with the promise of substantial winnings. Interconnected progressive jackpots across casinos, and online platforms foster larger prize pools. The surge in demand for progressive slots makes them a persistent favorite among gamblers.

Key Report Highlights

  • Casino applications, particularly in the digital realm, continue to dominate. The demand for progressive slot machines with captivating jackpot features will rise high.
  • As the gambling industry evolves, other applications like mobile gaming, and online platforms will also experience significant growth in the years to come.
  • The market is witnessing a shift from traditional mechanical products to digital and electronic slot machines. The latter will however offer more enhanced features, and interactive experiences.

Insights into Regional Analysis

North America Represents the Largest Regional Market

North America secures the largest market share due to a long-established gambling culture. Technological advancements in slot machines draw players seeking immersive experiences.

Robust regulatory frameworks, and a strong economy collectively contribute to North America’s leadership position in the global market for slot machines, says the report.

Asia Pacific Develops a Stream of Opportunities

Rapid economic growth, increasing disposable incomes, and a growing middle-class population drive demand in Asia Pacific. The region’s expanding tourism industry, particularly in Macau and Singapore, contributes to the surge in casino resorts and slot installations.

Integration of cutting-edge technologies like virtual reality (VR), and blockchain presents a wealth of growth opportunities to the manufacturers and other participants in the slot machine market, across the Asia Pacific region.

Major Competitors in Global Slot Machine Market

Key players like IGT, Aristocrat Leisure Limited, Scientific Games Corporation, Konami Gaming, Inc., Everi Holdings Inc., Novomatic Group, SuzoHapp, APEX Gaming, and Zytronic are at the forefront.