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Push Technology Secures £10m Series A Investment

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SILICON VALLEY –  Push Technology, the pioneer and leader in real-time data streaming and messaging solutions, today announced it has completed a £10 million Series A round of financing. Maven Capital Partners led the round with participation from new and existing investors Guinness Asset Management and Stephens Capital Partners.

The investment will assist the company to aggressively expand its sales and marketing efforts as well as broaden and accelerate product development. Maven’s Investment Director, Andrew Symmonds, and Guinness Asset’s Investment Manager, Ashley Abrahams, will join Push Technology’s Board of Directors.

Maven is an independent alternative asset manager, with over £660 million of assets under management and available to invest. Maven was formed in 2009 and operates from a nationwide network of regional offices. Maven is one of the UK’s most active investors in  private companies in the lower-mid market, supporting entrepreneurial and innovative businesses with their funding requirements.

The Series A financing builds on an excellent opening-year quarter for Push Technology which is seeing a growing roster of clients and market momentum due to the ever-escalating use of web and mobile devices to access business systems across the globe.

“Push Technology’s offering is well-timed with the rapidly escalating demand for solutions that extend systems and applications across web and mobile networks reliably and securely,” said Andrew Symmonds, Investment Director with Maven Capital Partners. “Companies everywhere are increasingly reliant on web, mobile, and IoT systems and applications to drive business growth. Push Technology’s Real-Time API Platform is a powerful cross-industry solution and Maven are excited to collaborate with and support them as they continue to build a great company in an exciting category.”

Sean Bowen, CEO of Push Technology, added: “We are in the enviable position of serving the rapidly expanding market for real-time web, mobile and IoT communications.  The added financial support and counsel of Maven Capital Partners and Guinness Asset Management will allow us to execute our vision more rapidly and broadly.”

Diffusion is the only real-time API management platform that combines pub/sub, request response, and time series in a single unified SDK.  It is purpose built to securely stream real-time data from all data sources – its proprietary delta data streaming technology only sends updates when data changes, substantially reducing the amount of data sent and bandwidth usage costs. Diffusion simplifies and speeds development, deployment, and scaling of customers’ systems, providing peace of mind that data is securely managed and efficiently delivered in real-time.

 

About Push Technology

Push Technology pioneered and leads the market in real-time data streaming and messaging solutions that power mission-critical business applications worldwide. The Diffusion Real-Time API Management Platform delivers centralized data management, optimization, and integration to simplify application development, reduce infrastructure requirements, and speed time-to-market.  Leading brands, across industries including: financial services, transportation, energy, retail, healthcare, eGaming, Internet-of-Things companies, use Diffusion to fuel revenue growth, customer engagement, and business operations. The Diffusion platform is available on-premise, in-the-cloud, or in hybrid configurations, to fit the specific business and infrastructure requirements of the applications operating in today’s everything connected world.

Learn how Push Technology can reduce infrastructure costs, and increase speed, efficiency, and reliability, of web, mobile, and IoT applications at www.pushtechnology.com.

About Maven Capital Partners              

Maven is an independent private equity house focused on the provision of flexible equity and debt funding for UK SMEs, and one of the most active managers in the UK having invested over £490 million in British businesses since 2009.

Headquartered in Glasgow, and with eleven offices throughout the UK, Maven has over 90 investment and support professionals providing a truly nationwide coverage. Maven has £660 million funds under management and ready to invest, and manages assets for a variety of client funds, including Venture Capital Trusts, UK regional fund mandates, and Maven Investor Partners, a syndicate of institutional, family office and experienced investors.  www.mavencp.com.

Gambling in the USA

Casino Management Systems Market size worth $ 30.36 Billion, Globally, by 2031 at 15.5% CAGR – Report By Verified Market Research®

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The Global Casino Management Systems Market is projected to grow at a CAGR of 15.5% from 2024 to 2031, according to a new report published by Verified Market Research®. The report reveals that the market was valued at USD 9.59 Billion in 2024 and is expected to reach USD 30.36 Billion by the end of the forecast period.

Scope Of The Report

REPORT ATTRIBUTES DETAILS
STUDY PERIOD 2021-2031
GROWTH RATE CAGR of ~15.5% from 2024 to 2031
BASE YEAR FOR VALUATION 2024
HISTORICAL PERIOD 2021-2023
FORECAST PERIOD 2024-2031
QUANTITATIVE UNITS Value in USD Billion
REPORT COVERAGE Historical and Forecast Revenue Forecast, Historical and Forecast Volume, Growth Factors, Trends, Competitive Landscape, Key Players, Segmentation Analysis
SEGMENTS COVERED
  • Module
  • Application
REGIONS COVERED
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa
KEY PLAYERS International Game Technology, Scientific Games Corporation, Everi Holdings Inc., NCR Corporation, Micros Systems, Konami Gaming, Light & Wonder, Astra Gaming Group, Novomatic AG Group, Gauselmann Group, Gamesys Group plc, BetConstruct, Melco Resorts & Entertainment, Galaxy Entertainment Group, SJM Holdings Limited, Suncity Group, Paradise Entertainment Limited
CUSTOMIZATION Report customization along with purchase available upon request

Casino Management Systems Market Overview

Technological Advancements Propel Growth: Technological advancements play a crucial role in driving the ever-changing Casino Management Systems Market. Advancements like AI-powered analytics, integration with IoT, and mobile compatibility contribute to improved operational efficiency and increased customer engagement. These advancements fuel the need for businesses to improve their operations and provide exceptional customer experiences, leading to the growth of the market.

Rising Demand for Enhanced Security Solutions: Security is a major concern in the Casino Management Systems Market, leading to a high demand for cutting-edge security solutions. Given the rising number of fraudulent activities and data breaches, casinos are actively looking for strong security measures to protect their assets and ensure the safety of customer information. Addressing these concerns, solutions that provide biometric authentication, encryption, and real-time monitoring can foster trust among stakeholders and contribute to market growth.

Increasing Regulatory Compliance Requirements: The Casino Management Systems Market is seeing a notable increase in demand due to the growing importance of regulatory compliance. Comprehensive compliance solutions are required to meet the stringent regulations in the gaming industry. By utilising systems that provide regulatory reporting, audit trails, and age verification capabilities, casinos can ensure compliance with legal requirements and prevent potential penalties. The increasing emphasis on compliance highlights the significance of advanced management systems, driving the growth of the market.

High Initial Investment Costs: One of the main challenges in the Casino Management Systems Market is the significant upfront costs involved in implementing comprehensive management solutions. Acquiring, integrating, and customising these systems can result in significant upfront expenses for casinos. The financial obstacle hinders the expansion of the market, especially for small and medium-sized businesses. Nevertheless, companies that offer adaptable pricing structures and scalable solutions can help alleviate this limitation, thereby expanding the market’s accessibility to a wider array of businesses.

Integration Challenges and Legacy Systems: The Casino Management Systems Market faces significant challenges due to the complexities of integration and the presence of legacy systems. It is common for casinos to have a wide range of IT infrastructures, some of which may be outdated and incompatible with modern management solutions. Implementing new systems and ensuring smooth compatibility with current infrastructure demands significant time, resources, and specialised knowledge. The integration challenges mentioned can impede market growth as they result in longer implementation timelines and higher deployment costs.

Concerns Regarding Data Privacy and Security: In the ever-growing landscape of data breaches and privacy scandals, the Casino Management Systems Market faces significant challenges when it comes to data privacy and security. Casinos are responsible for managing extensive amounts of sensitive customer data, which includes personal and financial information. This makes them highly attractive to cyber threats. With increasing regulatory scrutiny, casinos are under growing pressure to maintain data protection standards and ensure the privacy of their customers. Tackling these concerns necessitates strong security measures and adherence to data privacy regulations, which introduces additional complexity and expenses to system implementations, thereby limiting market expansion.

Geographic Dominance:
The forecast period is expected to see the Asia Pacific region experiencing the most significant growth. Several countries in the Asia Pacific region, such as Macau, Singapore, the Philippines, and South Korea, have experienced significant expansion in their casino industry. Emerging markets are actively expanding their gaming sectors in order to attract more tourists and boost revenue. This expansion requires sophisticated management systems to optimise operations, enhance visitor experiences, and ensure compliance with regulations.

In addition, the Asia-Pacific region has experienced a notable rise in middle-class populations and disposable incomes. As a result, there has been a growing trend of increased leisure spending, with a particular focus on gaming and entertainment. With the increasing number of casino visitors, there is a growing need for cutting-edge casino management systems. This has led to the creation of innovative technologies that enhance customer service, marketing strategies, and overall operational efficiency.

Casino Management Systems Market Key Players Shaping the Future

Major players, including International Game Technology, Scientific Games Corporation, Everi Holdings Inc., NCR Corporation, Micros Systems, Konami Gaming, Light & Wonder, Astra Gaming Group, Novomatic AG Group, Gauselmann Group, Gamesys Group plc, BetConstruct, Melco Resorts & Entertainment, Galaxy Entertainment Group, SJM Holdings Limited, Suncity Group, Paradise Entertainment Limited. and more, play a pivotal role in shaping the future of the Casino Management Systems Market. Financial statements, product benchmarking, and SWOT analysis provide valuable insights into the industry’s key players.

Casino Management Systems Market Segment Analysis

Based on the research, Verified Market Research® has segmented the global Casino Management Systems Market into Module, Application, And Geography.

  • Casino Management Systems Market, by Module
    • Slot Games
    • Table Games
  • Casino Management Systems Market, by Application
    • Accounting
    • Security & Surveillance
    • Players Tracking
    • Marketing & Promotions
    • Gaming Analytics
    • Others
  • Casino Management Systems Market, by Geography
    • North America
      • U.S
      • Canada
      • Mexico
    • Europe
      • Germany
      • France
      • U.K
      • Rest of Europe
    • Asia Pacific
      • China
      • Japan
      • India
      • Rest of Asia Pacific
    • ROW
      • Middle East & Africa
      • Latin America

Leading Casino Management Systems taking gambling to new heights

Visualize Casino Management Systems Market using Verified Market Intelligence -:

Verified Market Intelligence is our BI Enabled Platform for narrative storytelling in this market. VMI offers in-depth forecasted trends and accurate Insights on over 20,000+ emerging & niche markets, helping you make critical revenue-impacting decisions for a brilliant future.

VMI provides a holistic overview and global competitive landscape with respect to Region, Country, Segment, and Key players of your market. Present your Market Report & findings with an inbuilt presentation feature saving over 70% of your time and resources for Investor, Sales & Marketing, R&D, and Product Development pitches. VMI enables data delivery In Excel and Interactive PDF formats with over 15+ Key Market Indicators for your market.

 

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MONEYMAKER TOUR LAUNCHES COACHING PARTNERSHIP WITH FARAZ JAKA

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Collaboration will offer Tour participants and fans resources to improve poker skills 

The Moneymaker Tour, which was founded in 2023 by former 2003 World Series of Poker Champion Chris Moneymaker, has partnered with notable poker player Faraz Jaka’s coaching programme, JAKAcoaching to offer Moneymaker Tour players and fans with exclusive coaching offers, materials and access to tools, insights and resources to build and elevate their poker skills.

Faraz Jaka, who won his first WSOP bracelet in the $1,500 NLHE Shootout at the 2023 series and who has more than $12 million in tournament winnings to his name, will provide analyses of hands from the livestreams of Moneymaker Tour stops exclusively for JAKAcoaching members and on his Instagram channel. This analysis will start from the next Moneymaker Tour stop, which kicks off today at the Daytona Beach Racing & Card club and runs until April 29th.

“We are excited to join forces with the Moneymaker Tour to provide participants with practical resources and impact their game in a meaningful way,” said Faraz Jaka, founder of JAKAcoaching, who is also a member of the PokerOrg Player Advisory Board. “Through our partnership, we aim to empower players with the knowledge and skills needed to succeed in today’s competitive poker landscape.”

To kick start their learning journey with JAKAcoaching, the site is offering Moneymaker Tour participants access to an exclusive, free training video featuring Florida poker legend Scott Baumstein which can be found at JAKA.poker/moneymaker.

JAKAcoaching also has a special 16% membership discount offer for Moneymaker Tour players and fans to subscribe and join the thousands of players, from beginners to experienced professionals, who benefit from the full range of coaching materials, expertise and resources offered by JAKAcoaching to take their game to the next level.

“Faraz teaches all skill sets within the game and with the majority of players lying in the mid major market, our partnership is a perfect match”, said Tony Burns, Executive Manager, Moneymaker Tour. “With Faraz’ well proven results and his high respect within the poker community from his peers, we felt our brands complimented each other nicely.”

The Moneymaker Tour, which saw its inaugural stop in May 2023, has been steadily increasing in popularity. Its third series at Hard Rock Casino in Cincinnati in September was the first to draw a $1 Million guaranteed Main Event, with a strong 788 entry field eventually won by Joseph Bakun for more than $208,000.

The Moneymaker Tour was created by 2003 WSOP Champion and ACR Team Pro, Chris Moneymaker and Moneymaker Tour Executive Manager, Tony Burns. The Tour was conceived as a way for Moneymaker to give poker players opportunities to have their own ordinary to extraordinary moments as he did. One such player was Michael Rossi, who echoed Chris’s own story when he won the first Moneymaker Poker Tour $2,500 Buy-in Main Event at Palm Beach Kennel Club. Rossi, who won his seat via an online satellite for just $95, this time courtesy of ACR Poker, took down the tournament for more than $134,000 on May 23, the 20th anniversary of Moneymaker’s 2003 WSOP Main Event victory.

The Moneymaker Tour returns to Daytona Beach Racing & Card Club from April 17-29, and moves on to the Palm Beach Kennel Club from May 2-14.

For more information visit: moneymakerpt.com

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Detroit Casinos Report $123.86M in March Revenue

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The three Detroit casinos reported $123.86 million in monthly aggregate revenue (AGR) for the month of March 2024, of which $122.26 million was generated from table games and slots, and $1.6 million from retail sports betting.

The March market shares were:

  • MGM, 46%
  • MotorCity, 31%
  • Hollywood Casino at Greektown, 23%

Monthly Table Games, Slot Revenue, and Taxes

March 2024 table games and slot revenue increased 3.8% when compared to March 2023 revenue. March’s monthly revenue was 16.7% higher than February 2024. From Jan. 1 through March 31, the Detroit casinos’ table games and slots revenue decreased by 1.6% compared to the same period last year.

The casinos’ monthly gaming revenue results were mixed compared to March 2023:

  • MGM, up 4.1% to $56.65 million
  • MotorCity, up 7.2% to $38.35 million
  • Hollywood Casino at Greektown, down 1.4% to $27.26 million

In March 2024, the three Detroit casinos paid $9.9 million in gaming taxes to the State of Michigan. They paid $9.5 million for the same month last year. The casinos also reported submitting $14.5 million in wagering taxes and development agreement payments to the City of Detroit in March.

Monthly Retail Sports Betting Revenue and Taxes

The three Detroit casinos reported $17.25 million in total retail sports betting handle, and total gross receipts were $1.61 million for the month of March. Retail sports betting qualified adjusted gross receipts (QAGR) in March were up by 13.2% when compared to the same month last year. Compared to February 2024, March QAGR was up by $1.7 million.

March QAGR by casino was:

  • MGM: $327,857
  • MotorCity: $538,988
  • Hollywood Casino at Greektown: $731,389

During March, the casinos paid $60,413 in gaming taxes to the state and reported submitting $73,838 in wagering taxes to the City of Detroit based on their retail sports betting revenue.

Fantasy Contests

For February 2024, fantasy contest operators reported total adjusted revenues of $405,342 and paid taxes of $34,049.

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