Global Casino Gaming Equipment Market to rise 15.25% in 2021

The global casino gaming equipment market’s compound annual growth rate (CAGR) is expected to rise by as much 15.25% from 2017 to 2021.

In its latest report, Technavio predicted a steady rise in the global casino gaming equipment due to the easing of government regulations related to casino markets. It cited the recent development in Japan, wherein the country’s parliament passed a bill legalizing casinos last year.

The legalization of casinos in Japan has earlier been welcomed by international gambling companies that have been mulling on investing in Japan amid a boom in tourism, particularly from China. Among the operators that have expressed interest were US casino operators Wynn Resorts Ltd, MGM Resorts International and Las Vegas Sands Corp.

“The easing of government regulations related to casino markets is one of the major factors contributing to the growing demand for casino gaming equipment,” Technavio’s analysts said in a press release. “Many countries, such as Japan, are aiming at legalizing casino gaming because of the growing popularity of gambling and the high revenue contribution from casinos globally.”