The gaming market promises further growth in more than 130 countries and regions, and this number continues to increase.
The size of Australia's casino market remains stable, due to the establishment of a cap on the number of gaming machines that can be installed in all major Sstates. The Australian market is also being affected by increases in gaming taxes, the introduction of Harm Minimization legislation and non-smoking laws. On the other hand, North America, the world's largest market, continues to show robust growth with the expansion of existing casinos, and an increasing number of States in which gaming is being legalized.
With the recent advances in technology, there has been an increase globally for machines not only to provide greater entertainment but also greater reliability. In the light of this trend, we consider that we can make full use of our competitive edge in terms of the ability to develop products with durability as well as entertaining features. Additionally, casino operators now focus on installing casino management systems in order to achieve a high level of customer relationship and financial reporting packages. Therefore, the market for the Konami Casino Management System (KCMS) continues to show vigorous growth.
Casino markets worldwide will likely to continue to expand
These days, a new wave of globalization and the development of information technology is sweeping gaming markets due to technological innovations, and gaming markets around the world are likely to show further progress. Casino operators based in North America are looking to expand their overseas markets and, are expected to play a critical role in this globalization. With the development of information technology, we expect that the needs of integrated casino management systems will bring more efficiency and dynamism to the casino floor. This will ultimately lead to a shift towards network-based products combining both slot machines and casino management systems.