SIGN UP LOG IN
 

Game manufacturers earned 49.5 billion euros worldwide in 2018

Published by

June 10, 2019 7:35 am

spielautomaten

The manufacturers of online and offline games of chance can look back on a successful 2018 financial year. According to the Association of Gaming Equipment Manufacturers (AGEM), the international industry association, worldwide sales grew to almost 50 billion euros.
The latest figures were published by AGEM on Thursday. The study commissioned for this purpose by the association underscores the great economic importance of the industry with the facts it contains.

High growth rates

At the same time, the report makes it clear how dynamically vending machine manufacturers and game developers are developing. While the industry’s total turnover in 2014 was still 41 billion euros, it has risen by a good 20% since then.

The industry association AGEM

The Association of Gaming Equipment Manufacturers includes many major manufacturers of online and offline slot machines and related technology and development. The Las Vegas-based association has a total of 175 members from 23 nations.
These include companies such as Aristocrat Technologies, Konami Gaming, and Scientific Games as well as Merkur Gaming from Germany and Novomatic Group from Austria. In addition to formulating common interests and initiatives, the association sees itself as a point of contact for governments and gambling authorities when it comes to legal issues in the industry.

In view of the double-digit billion euro sums that the industry generates annually, it is no wonder that it secures many thousands of jobs worldwide. According to the study, 61,700 workers are directly employed by a company in the industry. Indirectly, the companies in the slot machine industry even secure 221,000 jobs.
Who thinks in view of the increasing legal restrictions to the enterprise of online Casinos and gambling halls that the industry suffers from this development, is wrong: In the comparison to the previous year the conversions rose by approximately 6%.

More and more people are working in the industry

The number of jobs has also grown over the last five years, from 51,000 to 61,700, an increase of 22%. The high salaries paid in the industry show that companies in the slot machine industry are doing well financially.
According to the AGEM, these averaged 80,000 euros in 2018, which is well above the average US income of 45,000 euros. In total, the gambling developers paid 12.5 billion euros to their employees last year.

Marcus Prater, Managing Director of AGEM, commented on the results:

Established suppliers are growing, while new companies are entering the market. The study shows that this dynamic sector is fully focused on the development of the global gaming market. In summary, the report paints a picture of a healthy gambling industry where providers rely on modern technologies and games provided by a large number of innovative suppliers. This enables them to constantly offer their customers new and exciting entertainment formats.

The companies also assess their future opportunities as extremely positive. In a survey conducted as part of the study, 92% of the companies stated that they expect demand to rise this year. 58%, therefore, expect sales to grow.
Another indication of the good mood is that none of the industry representatives indicated that they intended to cut jobs in the next 12 months. 46 %, on the other hand, intend to hire more employees and continue to invest large sums in the development of new offers.
But the companies also want to continue investing in their employees. The majority of those surveyed plan to provide employees with further benefits in the form of improved health and retirement provisions or higher salaries.
This clearly shows that, despite worldwide efforts by governments and gambling protection organizations to limit gambling activities, providers remain optimistic about the future.

More News

Native Americans sue Valve - Once again is the gamble in focus

Native Americans sue Valve - Once again is the gamble in focus

Lotto with weapon skins from Counter-Strike: This problem has brought Valve many litigations before. Now there is a new lawsuit,…

Pep's father about Guardiola's Barcelona plans

Pep's father about Guardiola's Barcelona plans

The two-time world club coach was named Coach of the Year by the Catalan Football Association on Tuesday at a…

PokerStars is supposed to end the Power Up Game

PokerStars is supposed to end the Power Up Game

The best-known attempt so far to lure the e-sports masses to poker seems to be over. According to a Poker…

How Dario Manta became FIFA Swiss Champion 2019

How Dario Manta became FIFA Swiss Champion 2019

A good two weeks have passed since Dario Manta was crowned FIFA Swiss Champion at the Fantasy Basel. We look…

2019 World Series of Poker Main Event: Ensan still in the lead

2019 World Series of Poker Main Event: Ensan still in the lead

The last nine players of the former 8,569 entries returned tonight to play day 8 of Event #73, the $10,000…

E-Sports: From Loser Record to the Throne

E-Sports: From Loser Record to the Throne

For many, it is already the highlight of the season. As number eight of the league, the Shanghai Dragons made…

Fortnite as a danger for footballers

Fortnite as a danger for footballers

Munich - Many footballers already showed their passion for Fortnite on the pitch. But the addictive potential of the game…

Sport News: Marcelo:

Sport News: Marcelo: "I couldn't breathe"

Marcelo is known at Real Madrid for his casual and relaxed manner. Almost every time you see the Brazilian on…

Fortnite pro wins the tournament in Modern Warfare

Fortnite pro wins the tournament in Modern Warfare

In the Code Red tournament of Call of Duty: Modern Warfare numerous big players from CoD competed against streamers like…

Illegal online gambling: banks cannot justify themselves

Illegal online gambling: banks cannot justify themselves

Payment service providers are prohibited from participating in transactions related to illegal online gambling. But now the Leverkusen District Court…

The fight for the LEC playoffs has begun

The fight for the LEC playoffs has begun

In the sixth week of the European League of Legends League LEC, the battle for playoff places has continued. While…

5th matchday of the LEC powered by Shell

5th matchday of the LEC powered by Shell

Together with LEC sponsor Shell, the Recap of the 5th matchday: Upsets, Roster-Changes and a disappeared Rekkles! On the 5th…

Astralis defeats Team Liquid in the semi-final of ESL One
Astralis defeats Team Liquid in the semi-final of ESL One

Astralis beat Team Liquid 2-1 in the semi-finals of ESL One New York 2019. In a duel at eye level,…

Ubisoft Announces New Rainbow Six Tournaments
Ubisoft Announces New Rainbow Six Tournaments

Ubisoft has announced a new tournament series for "Tom Clancy's Rainbow Six Siege" in Germany, Austria and Switzerland. There will…

First Swiss Internet Casinos about to start
First Swiss Internet Casinos about to start

The Grand Casino Lucerne has also submitted an application In Switzerland, the first four Internet casinos are about to be…

FIFA eWorld Cup again in London
FIFA eWorld Cup again in London

The FIFA eWorld Cup in August will again take place in London. German gamers like Michael "MegaBit" Bittner are also…

New A1 eSports hub in Golling planned
New A1 eSports hub in Golling planned

Another A1 eSports hub is currently being built in Golling, near Salzburg. The new location will offer almost 400m² of…

Sports Betting & Casino without registration could become a trend soon
Sports Betting & Casino without registration could become a trend soon

In the area of sports betting and online casinos, an interesting new trend has been emerging for a good six…

WSOP Event #72 - Thomer Pidun in Day 2 at the Limit Hold'em WM!
WSOP Event #72 - Thomer Pidun in Day 2 at the Limit Hold'em WM!

Traditionally, the Limit Hold 'em Championship Event is the last $10,000 tournament before the Main Event. After the first 10…

30 million dollars are not enough:
30 million dollars are not enough: "Fortnite" World Championship

How many millions can it be? 20? 30? Or even more? The two multipayer hits "Dota 2" by Valve and…

Cristiano's double against Lazio brings Juventus ninth straight Serie A
Cristiano's double against Lazio brings Juventus ninth straight Serie A

Before the return to Serie A, Lazio was Juventus' great rivals for the title: They were second, one point behind…

Man (19) wins ten million euros in the lottery - but it ends bitterly
Man (19) wins ten million euros in the lottery - but it ends bitterly

Is there a lotto curse? Michael Carroll won over ten million euros at the age of 19. But in the…

Mybetting Deals Tools

Surebet by BetBurger

Surebet by BetBurger

BetBurger is a service focusing on arbitrage bets, also known as sure bets. It turns sports betting into an investment.

Matched Betting by OddsMonkey

OddsMonkey

OddsMonkey offers matched betting services with features to enhance your profits with the best betting offers.

Live Sport Results and Statistics

Live Scores

Always keep ahead of the sports betting game with our real time results and statistics!

2000+ Free Slots

Play the best online slots and your favourites from the biggest developers for free right here!