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Slot Machines Market Sees Vigorous Growth and Technological Advancements: Global Report 2024

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The “Slot Machines Global Market Report 2024” report has been added to ResearchAndMarkets .com’s offering.

The global slot machine market has demonstrated a vigorous compound annual growth rate, as the latest market research report indicates an expected leap from $2.42 billion in 2022 to $2.60 billion in 2023. This impressive growth trajectory is projected to continue, with forecasts predicting the market will reach $3.39 billion by 2027.

Despite the challenges posed by the Russia-Ukraine conflict and its far-reaching impacts on the economy, the slot machine industry has exhibited resilience and adaptability. This is attributed, in part, to the rising revenue of casinos worldwide, and the advancements in gaming technology that draw a new generation of patrons to these classic betting platforms.

 

Technological Innovations Propel Market Forward

The market’s vibrance is paralleled by a wave of technological innovation sweeping across the industry. Industry leaders are hard at work devising ways to refresh traditional slot machine formats with cutting-edge digital integrations. Projects like Sightline Payments’ ‘Project 250’ demonstrate the substantial investment being made to renovate 250,000 slot machines across the U.S., securing the future of cashless gambling transactions and enhancing user experiences in the casino resorts and loyalty programs.

 

Market Consolidation and Expansion

Market consolidation efforts are visible with Maverick Gaming LLC’s strategic acquisition of Evergreen Gaming, cementing Maverick’s stronghold in the commercial gaming sector and illustrating the ongoing trend of significant mergers and acquisitions driving market expansion.

 

Regional Market Insights

North America has asserted dominance in this sector, reigning as the largest region in the slot machine market as of 2022. However, comprehensive analyses presented in this report also cover other key regions such as Asia-Pacific, Western Europe, Eastern Europe, South America, Middle East, and Africa, offering valuable insights into the diverse market dynamics across the globe.

  • Market Drivers: A noticeable surge is observed in casino revenue, which is bolstering the slot machine market growth.
  • Key Segments: Explore the various segments of the market, including reel slot machines, video slot machines, and multi-denomination slot machines.
  • Market Leaders: Major players shaping the market include AMATIC Industries GmbH, Aristocrat Leisure Ltd., and International Game Technology plc, among others.
  • Future Outlook: Gain an understanding of future market trends and opportunities laying on the horizon for the slot machines industry.

With invaluable market data and forecast analysis, the report aims to arm stakeholders with the in-depth knowledge required to navigate the swiftly evolving landscape of the slot machines market. This comprehensive data serves as a robust tool for understanding current market conditions, emerging trends, and strategic planning for future growth.

For those seeking to delve into the nuances of the slot machine market and harness the opportunities it presents, this report is an essential resource, brimming with industry insights and projections that can inform sound business decisions.

 

A selection of companies mentioned in this report includes

  • AMATIC Industries GmbH
  • APEX pro gaming AS
  • APOLLO SOFT s.r.o.
  • Aristocrat Leisure Ltd.
  • International Game Technology plc
  • Konami Gaming Inc.
  • Universal Entertainment Corp.
  • Multimedia Games
  • NetEnt AB
  • Wms Gaming Solutions India Private Limited
  • Bally Technologies Inc.
  • Blueprint Gaming Ltd.
  • New Sun Yu Enterprise Co. Ltd.
  • Ainsworth Game Technology
  • ASTRO Corp.
  • Everi Holdings Inc.
  • Eclipse Gaming Systems LLC
  • Incredible Technologies Inc.
  • Interblock dd
  • Inspired Entertainment Inc.
  • Bellatrix S.R.L
  • Bell-Fruit Games
  • Bergmann Precision Inc.
  • Casino Garage LLC
  • Casinoparts .net
  • Castle Hill Gaming
  • Certus Gaming USA Inc.
  • Goyo Corporation
  • GPS – Game Power System Co. Ltd.

George Miller (Gyorgy Molnar) started his career in content marketing and has started working as an Editor/Content Manager for our company in 2016. George has acquired many experiences when it comes to interviews and newsworthy content becoming Head of Content in 2017. He is responsible for the news being shared on multiple websites that are part of the European Gaming Media Network.

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Spin2Win de GoldenRace regresa más fuerte

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GoldenRace, proveedor líder de premiados deportes virtuales y soluciones apuestas, ha presentado la última versión de su emblemático juego de números, Spin2Win & Spin2Win Royale. Reconocido por su sencillez, dinamismo y altas recompensas, este título se ha convertido en una pieza clave del portfolio de la compañía y en una herramienta de participación comprobada para operadores de todo el mundo.

Los juegos de números siguen siendo una de las verticales más sólidas dentro del mercado internacional de apuestas. Cifras de H2 Gambling Capital confirman que los productos de casino representaron en Europa 21.500 y 8.500 millones en ingresos brutos de juego (GGR) para los mercados online y retail respectivamente, en 2024. Sus reglas claras, ciclos cortos y premios frecuentes los convierten en los favoritos de los jugadores y en una fuente estable de ingresos para los operadores.

En GoldenRace, nos esforzamos constantemente por mejorar nuestros productos, haciéndolos más atractivos y accesibles con cada lanzamiento. Y esta filosofía se aplica a toda nuestra cartera. Big5, una innovadora versión del fútbol virtual, y RaceDay, que reúne todos los tipos de carreras en un solo producto, son solo dos ejemplos recientes. Esta versión de Spin2Win continúa por el mismo camino.

Entre sus mejoras destacan una interfaz de usuario totalmente optimizada y una ruleta renovada e impactante que eleva la emoción de cada giro. El juego también incorpora estadísticas más claras, la opción de juego automático en el modo instantáneo y la función multiplicador en el modo programado, herramientas diseñadas para agilizar la toma de decisiones, aumentar la

participación y alargar las sesiones de juego.
Spin2Win mantiene además su variedad con cuatro formatos distintos: Clásico, Royale, Americano y Americano Royale. Las versiones Royale incluyen una ruleta de sectores que amplía las opciones de apuesta, mientras que las versiones Americanas destacan el doble cero verde con cuotas totalmente transparentes. Los operadores se benefician de una configuración flexible, múltiples formatos de cuotas y validaciones automáticas que garantizan un juego justo y estable.

Con este relanzamiento, GoldenRace reafirma su liderazgo en el vertical de los juegos de números e invita a operadores y jugadores a descubrir una nueva era de giros.

The post Spin2Win de GoldenRace regresa más fuerte appeared first on European Gaming Industry News.

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GoldenRace’s Spin2Win returns stronger

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GoldenRace, the leading provider of award-winning Virtual Sports and betting solutions, has unveiled the latest version of its emblematic number game, Spin2Win&Spin2Win Royale. Recognised for its simplicity, fast gameplay and high rewards, the title has become a cornerstone of the company’s portfolio and a proven engagement tool for operators worldwide.

Number games continue to be one of the most reliable verticals in the global betting market. Figures from H2 Gambling Capital confirm that casino-style products represented 21.5 and 8.5 billion in GGR for online and land-based markets, respectively, in 2024. Their clear rules, short cycles and frequent payouts make them a favourite among players and a steady source of revenue for operators.

At GoldenRace, we constantly push to improve our products, making them more engaging and accessible with every release. And this philosophy runs across our entire portfolio. Big5, a groundbreaking take on Virtual Football and RaceDay, which unites all race types in a single product, are just two recent examples. This version of Spin2Win continues this path.

Among the improvements are a fully optimised user interface and a renewed, visually striking wheel that boosts the excitement of every spin and clearer statistics. The game also incorporates an Autoplay option in instant mode and a Multiplier feature in scheduled mode – tools designed to enhance decision-making, increase engagement and extend player sessions online.

Spin2Win also maintains its variety with four distinct versions: Classic, Royale, American and American Royale. Royale formats introduce an additional sectors wheel that expands betting options, while the American variants highlight the double green with fully transparent odds. Operators benefit from flexible configuration, multiple odds formats and automated validations that ensure seamless and fair gameplay.

With this relaunch, GoldenRace confirms its leadership in the number games vertical and invites operators and players to discover a new era of spinning.

The post GoldenRace’s Spin2Win returns stronger appeared first on European Gaming Industry News.

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Expanse Studios Secures Romanian Class 2 B2B Gaming License

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Expanse Studios, a B2B iGaming content provider and subsidiary of Golden Matrix Group Inc. (NASDAQ: GMGI), has been granted a Class 2 license by Romania’s National Gambling Office (ONJN), authorizing the company to distribute specialized gaming software across one of Europe’s fastest-growing regulated markets.

The license, granted under Decision No. 273, enables Expanse Studios to provide its portfolio of proprietary slot games, crash games, and casino content to licensed Romanian operators. This approval positions the company to serve a market that generated approximately €600 million in gross gaming revenue in 2024 and maintains one of Europe’s highest channelization rates at over 90%.

Strategic Entry into High-Growth Regulated Market

Romania represents one of Eastern Europe’s most dynamic iGaming jurisdictions, with internet penetration reaching 88% of its 19 million population and a regulatory framework that has attracted over 50 licensed operators. The market has demonstrated consistent growth, with total industry turnover exceeding €2 billion in 2023, reflecting a 15% year-over-year increase.

The Class 2 B2B license allows Expanse Studios to distribute content to Romania’s licensed B2C operators without establishing a Romanian entity or paying Romanian corporate taxes, while providing access to a market where mobile gaming dominates and player engagement continues to accelerate.

Romania’s stringent licensing requirements under Government Emergency Ordinance 77/2009 make ONJN approval a significant credential for B2B providers. The regulatory framework emphasizes technical compliance, player protection, and operational transparency—requirements that align with Expanse Studios’ existing European operations across 1,300+ casino brands.

“Securing ONJN approval validates our technical capabilities and regulatory compliance standards in one of Europe’s most demanding jurisdictions,” said Damjan Stamenkovic, CEO of Expanse Studios. “Romania offers substantial distribution opportunities through licensed operators serving a tech-savvy player base with strong engagement metrics. This license strengthens our European B2B footprint and demonstrates our ability to meet the compliance requirements of mature regulated markets.”

Expanding B2B Distribution Infrastructure

The Romanian license complements Expanse Studios’ recent European partnerships, reflecting accelerating demand for the company’s content across regulated jurisdictions. With 56 proprietary titles including Super Heli, Titan Roulette, and Wild Icy Fruits, Expanse continues scaling its high-margin B2B operations across Europe, Latin America, and North America.

Romania’s market characteristics—including preference for mobile platforms, strong affinity for slot content, and established payment infrastructure—align well with Expanse Studios’ content portfolio and distribution model. The company’s games will be available to Romanian operators seeking certified, compliant content for their licensed platforms.

This license approval reinforces Golden Matrix Group’s broader strategy of expanding regulated B2B operations in jurisdictions with transparent licensing frameworks and sustainable growth trajectories.

The post Expanse Studios Secures Romanian Class 2 B2B Gaming License appeared first on European Gaming Industry News.

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