Canada
Casino Market to Touch USD 480 Million at 7% CAGR by 2026 – Report by Market Research Future (MRFR)
According to a comprehensive research report by Market Research Future (MRFR), “Global Casino Market information by Type and Region – forecast to 2027” the market size is anticipated to reach USD 480 million with CAGR of 7% by 2026.
Casino Market Scope:
A casino, simply put, is a room or building where people play gambling games like slot machines, roulette, poker, lottery, craps, and blackjack, among others.
Dominant Key Players on Casino Market Covered Are:
- Addison Global Limited (UK)
- Creatiosoft (India)
- Chetu, Inc. (US)
- Evolution Gaming (Latvia)
- Microgaming (Isle of Man)
- NetEnt AB (Sweden)
- Kindred Group PLC (UK)
- Betsson AB (Sweden)
- Betsoft (Malta)
- Playson (Malta)
- Elaunch Solution Pvt. Ltd (India)
- Ladbrokes (UK)
- Scientific Games (US)
- The 888 Group (Europort)
- Paddy Power Betfair PLC (Ireland)
Market Drivers:
Attractive Features that Bolster Market Growth
According to the MRFR report, there are numerous factors that are propelling the global casino market growth. Some of these entail increasing gaming licenses, boost to tourism it offers to domestic economies, increasing investments in developed economies, customers’ increasing affluent lifestyle, high internet penetration, increasing use of mobile phones to play online games from public places and homes, easy access to online gambling, cultural approval and legalization, celebrity endorsements and corporate sponsorships, and the growing accessibility of cost-effective mobile applications. The additional factors adding market growth include changing lifestyle, demand for leisure time, increase in tourism, rising standard of living, customer’s growing spending capability, rising commercialization and urbanization, rapid growth in technology, change in consumer’s offline casino preference, blockchain based online casinos, and VR based gaming.
On the contrary, cyberattacks during online gaming, security and authentication related issues and legal hurdles are factors that may limit the global casino market growth over the forecast period.
Segmentation of Market Covered in the Research:
The MRFR report highlights on an inclusive analysis of the global casino market based on type.
By type, the global casino market is segmented into slot machines, roulette, poker, lottery, craps, and blackjack. Of these, the lottery segment will command the largest share in the market over the forecast period as more people buy online and offline lottery tickets. In casinos, the integration of video lottery terminal is increasing participation among customers and drive revenues which in turn is adding to the segmental growth.
Regional Analysis
APAC to Have Lions Share in Casino Market
Geographically, the global casino market is bifurcated into Europe, the Asia Pacific (APAC), the Middle East and Africa (MEA), North America, and Rest of the World (RoW). Of these, the APAC region will have the lions share in the market over the forecast period. Investments by overseas gambling companies, the large appetite of online gamblers, approval of licenses in certain states, large potential in China and India, demand for blockchain based online casinos, and the popularity of cricket betting are adding to the global casino market growth over the forecast period. The additional factors adding market growth include the increasing use of internet services, relaxation of regulations pertaining to online casinos, high economic growth, and increased spending on leisure activities.
North America to Have Healthy Growth in Casino Market
In North America, the global casino market is predicted to have healthy growth over the forecast period. Approval of online gambling, legalization of sports betting, rise in female customers, convenience of cashless modes of payment, push for legal betting in the US, and increasing use of cryptocurrencies are adding to the global casino market growth in the region.
Europe to Have Notable Growth in Casino Market
The global casino market in Europe is predicted to have notable growth over the forecast period. Legalization of casinos in Italy, Malta, Spain, Germany, and France, growing popularity of online casinos, the availability of high-speed internet, and rising use of smartphones are adding to the global casino market growth in the region.
In RoW, the global casino market is predicted to have sound growth over the forecast period.
COVID-19 Impact on the Global Casino Market
The deadly COVID-19 outbreak has brought all operations and activities in casinos to a standstill. They were opened after implementing the use of sanitizers and masks and social distancing measures to curb the spread of the virus. Social distancing points between slot machines and non-invasive tests at entry points are likely to drive customers and also ensure their safety. On the contrary, the crisis has restricted construction projects and renovation projects with the biggest casinos halting their plans.
Entertainment options are restricted yet are being offered at much selected venues. California’s Fantasy Spring Resort offers music on Sundays by Latin artists during the outbreak. The dining services provided at these venues with food being served at the customers’ tables and buffets being scrapped. Yet the impact of cardrooms can impact the profit margins of casinos at this period.
The pandemic on the other hand is favorably impacting the online casino market. To curtail the spread of the virus, countries across the world have imposed tight restrictions and promoted social distancing. Stringent restrictions on the movement of the people had a noteworthy impact on casino operations that are land-based. As a result most players have shifted focus to online casinos due to land-based gambling lockdown.
Industry Updates
Esports Technologies has joined hands with Spinomenal, a leading casino games provider. The game provider agreement will enable Esports Technologies in offering casino games with the high opportunity of winning real money on Gogawi.com, its international direct-to-consumer platform. The expanded offerings will allow sports bettors as well as esports in placing wagers on both casino games as well as leading esports matches and tournaments on just any device, on the go or at home.
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Bragg Gaming Group, a leading global B2B iGaming content and technology provider, announced it has entered into a new financing agreement with the Bank of Montreal (BMO), a leading North American financial institution, pursuant to which BMO has made available to the Company certain credit facilities in a maximum aggregate amount of up to US$6.0 million to support its ongoing working capital and general corporate requirements (the BMO Facilities).
In connection with the closing of the BMO Facilities, Bragg has successfully repaid in full the outstanding promissory note with entities controlled by Doug Fallon (the Prior Note Indebtedness). The new BMO Facilities replace the Prior Note Indebtedness, signalling a significant step in the Company’s financial strategy to partner with a major commercial bank to support its growth.
“We are very pleased to establish this new relationship with the Bank of Montreal, a recognized leader in financial services. This new credit facility strengthens our balance sheet and provides us with a flexible capital structure to execute our strategic plan. The ability to secure financing from a major North American bank underscores the confidence in our business and our long-term growth prospects. We look forward to a long and successful partnership with BMO,” said Robbie Bressler, CFO of Bragg Gaming Group.
The BMO Facilities are secured by, amongst other things, a first-ranking security interest over all of the assets of the Company and certain of its key operating subsidiaries, and are uncommitted and are repayable upon the earlier of (i) demand by BMO, (ii) the occurrence of certain insolvency events, and (iii) on the one-year anniversary of the closing date, unless a one-year extension is granted at BMO’s discretion.
The agreement includes customary legal and financial covenants, including a requirement for the Company to maintain a Total Funded Debt to EBITDA ratio not exceeding 2.50:1.00, and a Fixed Charge Coverage Ratio of not less than 1.25:1.00. These financial covenants are to be tested on a consolidated basis at the end of each fiscal quarter.
The Company currently expects to draw on the BMO Facilities in Canadian dollars, which would result in estimated borrowing costs of 6.9%–7.9% for Prime-based loans or 5.9%–6.9% for CORRA-based loans, depending on the period of the draw and the Company’s leverage ratio. Standby fees on the unused portion of the revolving facility will range from 0.75% to 1.75% per annum, depending on leverage.
Management believes that based on the terms of the BMO Facilities, the Company’s borrowing costs on an annualized basis will be less than half of its Prior Note Debt.
Matevž Mazij, CEO of Bragg Gaming Group, said: “Securing this BMO facility represents a critical milestone in our strategic plan to strengthen Bragg’s financial foundation and accelerate value creation for our shareholders. With our cybersecurity incident contained and our borrowing costs cut by more than half, we are laser-focused on executing our strategic shift toward higher-quality earnings. The Company is prioritizing margin and cash generation over lower-margin revenue, and synergies realized post-quarter end to become a leaner operation. We’ve already realized EUR 2 million in annualized synergies and are on track to achieve our 20% Adjusted EBITDA margin target for the second half of 2025.
“Our recent leadership additions in AI and innovation, combined with our expanding partnerships with operators like Fanatics and Hard Rock Digital, position us to pursue highly accretive growth opportunities methodically. The Company remains focused on growing the business in a sustainable and margin-accretive manner, with strong momentum in the proprietary content and technology pipeline positioning Bragg for long-term profitable growth.
“We understand the importance of delivering results for our shareholders, and our board and management team are fully aligned and committed to executing the strategic initiatives that will drive value. With improved financial flexibility, a strengthened operational foundation, and clear milestones ahead, we believe we have the right strategy and team in place to unlock Bragg’s full potential. We remain committed to maximizing shareholder value as we build sustainable, profitable growth and ensure our strong operational performance translates into appropriate market valuation.”
Cyber Breach Update
The Company has also provided an update on its previously announced cybersecurity incident initially detected on August 16, 2025.
Immediately following detection, Bragg took appropriate steps to mitigate any potential impact of the breach. With the assistance of independent cybersecurity experts, the Company has followed industry best practices and considers that the incident is now resolved.
There continues to be no indication that any personal information was affected and the breach has had no impact on the ability of the Company to continue its operations. Bragg has also provided assurances to its customers regarding the security of its game titles. The Company has experienced no negative impact on its revenue or profitability and does not expect that the cost of responding to the incident will have a material financial impact on the Company.
The Company has already applied knowledge gathered from the investigation of the event to enhance its cyber security defenses.
The post Bragg Gaming Group Enteres into New Financing Agreement with Bank of Montreal appeared first on European Gaming Industry News.
Independent slots studio Thunderkick has agreed a deal with Ontario-based operator Betty to supply the rapidly growing online casino with a diverse collection of globally popular titles.
Betty, an official partner of sporting franchises Toronto Maple Leafs and Toronto Raptors, has risen to prominence since its 2022 establishment, when it was built following the consultation of 300 casino players to create the optimal iGaming environment.
Distinguishing itself from North American competitors by catering specifically to slot enthusiasts rather than sports bettors, the operator has curated a portfolio of 2,800 games, hand-picked to deliver customers maximum entertainment value.
Thunderkick’s content is the latest to be integrated into Betty’s online casino, and the agreement will see a selection of its most popular titles, including The Wildos 2, Midas Golden Touch 3, and Esqueleto Explosivo 3, made available to a greater number of Ontarian players.
Thunderkick marked its debut in the Canadian province in Q2 of 2024, and has since partnered with a network of leading operators to improve its market position. The collaboration with Betty will further amplify its visibility in a key jurisdiction as the provider looks to reinforce its reputation as a global slot developer.
Svante Sahlström, CCO at Thunderkick, said: “It’s our mission at Thunderkick to go deeper, not wider, in 2025. That means forging meaningful, lasting relationships in target markets as opposed to securing as many commercial deals as possible.
“Since entering Ontario over 12 months ago, we have worked tirelessly to enhance our presence in the province, and working with leading brands such as Betty allows us to bring our unique games to a deeper pool of Canadian players.”
Paraskeva Smirnova, Casino Operations Manager at Betty, added: “Betty’s USP has always been our drive to build a slot portfolio with the very best titles from the industry’s most creative suppliers.
“Thunderkick’s passion for slot development is there for all to see, and the introduction of its games to our casino further elevates the consumer experience.”
The post Thunderkick commits to growth in Ontario with Betty partnership appeared first on Gaming and Gambling Industry in the Americas.
BCLC is pleased to announce the return of the New Horizons in Safer Gambling Conference, taking place November 2–4, 2026, at the JW Marriott Parq Vancouver.
This global event brings leading voices in research, policy and industry together to explore innovative approaches to safer gambling. Attendees can expect two days of forward-thinking dialogue, evidence-based insights and collaborative solutions to help shape the future of player health.
Sponsorship Opportunities Now Available
New to the 2026 conference, BCLC is excited to offer sponsorship opportunities to organizations that share BCLC’s passion for safer gambling. Benefits of sponsoring New Horizons 2026 include industry visibility, leadership recognition and meaningful engagement with a global audience. To learn more about sponsorship, please e-mail [email protected].
Registration and program details will be released later this fall.
The post Save the Date: BCLC’s New Horizons in Safer Gambling Conference Returns November 2026 appeared first on Gaming and Gambling Industry in the Americas.
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