Latest news with #ETG
Globe and Mail
20-03-2025
- Business
- Globe and Mail
Electronic Table Games Boom: The Next Big Play in the Casino Industry
Electronic Table Games (ETGs) have quickly gained popularity in casinos across the United States, Canada, and internationally. While dealerless electronic versions of many casino games have been in existence for decades, advancements in technology have significantly improved their appeal. As a result, these games have become a staple in modern casinos, attracting a growing number of players and increasing market share. The surge in ETG popularity can largely be attributed to their timely emergence as a solution to post-pandemic challenges. After COVID-related lockdowns, casinos faced both labor shortages and increased demand for table games that minimized face-to-face interaction. Simultaneously, rapid technological advancements made ETGs more engaging and efficient. As casino managers recognized that players enjoyed these games all while reducing costs, ETGs quickly became a permanent fixture on gaming floors. According to some industry estimates, revenue from Electronic Table Games is expected to reach approximately $2 billion in 2024 and could increase to nearly $3.5 billion by 2030. With such strong growth projections, ETGs have become a sector worth watching in both the short and long term. Several companies poised to benefit from the growth of Electronic Table Games (ETGs) include Light & Wonder Inc. (Nasdaq: LNW), IGT (NYSE: IGT), and Jackpot Digital Inc. (TSX-Venture: JJ) (OTCQB: JPOTF). Light & Wonder, Inc., formerly known as Scientific Gaming, provides gambling products and services. Light & Wonder's gaming division provides products such as slot machines, table games, shuffling machines, and casino management systems. When discussing ETG growth, here's what Executive Vice President and Chief Technology Officer at Light & Wonder, Victor Blanco had to say. 'We'll see the adoption rates of ETGs grow as more players embrace the excitement, convenience and expanded connectivity of ETGs, and as operators realize the total benefits that ETGs have for their operation. (Source: Another large cap in the space, International Game Technology PLC (IGT) provides gaming experiences for players across all channels and regulated segments, from Lotteries and Gaming Machines to Sports Betting and Digital. While the above two companies are embracing ETG's in their overall product mix, a pure-play on ETG's can be found with Jackpot Digital Inc. (TSX-Venture:JJ) (OTCQB:JPOTF). This micro-cap is the leading manufacturer of electronic dealerless multiplayer poker tables, with virtually no competition in the subsector of poker ETGs. The Company's business model is simple: install its unique, automated, electronic dealerless poker machines on cruise lines, as well as regulated land-based casinos, in exchange for a share of the gross gaming revenue generated by those machines. Each new table deployed adds to the monthly recurring revenue of the company. From 2015 – 2023, the Company's largest customer and primary source of revenue has been Carnival Cruises with machine installations on approximately 50 vessels. After the pandemic in late-2021, the Company endeavored to expand its business into regulated land-based casinos and redesigned its Jackpot Blitz® machines to accommodate the regulated land-based casino market. As a North America-based company, Jackpot Digital first introduced the Jackpot Blitz® machines to U.S. tribal-owned Indian Gaming casinos with positive initial uptake. Since 2022, the Company signed a Master Agreement with Penn Entertainment, the largest regional gaming operator in the United States. In addition to its Penn deal, the Company has signed several licensing deals with Indian casinos, as well as a growing list of commercial casinos throughout the United States. In Canada, it has signed a Master Agreement with Saskatchewan Indian Gaming Authority, which operates 7 casinos across the province of Saskatchewan. The Company recently was approved by AGCO (Ontario – Canada's most populous province) and has expansion plans across that province due to expressed demand from commercial casinos in Ontario. Jackpot Digital just announced that it had signed a master leasing agreement with Loto-Québec, which is the monopoly and sole casino operator in the province of Quebec, Canada's second largest province by population. For the year to date (April 1 to December 31, 2024), Loto-Québec reported revenue of $2.23 billion, a 6% increase year-over-year, with a net income of $1.13 billion, up 5.2%. These strong financial results position Loto-Québec as a major North American casino operator. (Source: The initial order from Loto-Québec is for twelve (12) Jackpot Blitz® casino machines, and the Company will be in discussions to expand Jackpot Blitz® deployments across the Province of Québec, as a part of Loto-Québec's poker strategy. Jackpot Digital is also planning an expansion into new cruise lines. Royal Caribbean is currently testing installations on its vessels with product deployments expected in 2025. The Company also continues to see strong interest in their product among several international markets. Another way to play this growth area in the gaming space, although less directly, is through a global gaming company such as MGM Resorts International (NYSE:MGM). The COVID pandemic disrupted businesses worldwide, but it also sparked the emergence and rapid growth of new industries, including the Electronic Table Games (ETG) sector. One thing is certain—society has a strong passion for gaming. As long as that enthusiasm continues, demand for companies in this industry is expected to grow. All opinions and information provided above are intended for educational and research purposes only. The information provided above should be used as a starting point for conducting any research on the public companies discussed. All readers should do their own due diligence and research when determining which investment strategies are best suited for them or seek the advice of an investment professional prior to making an investment decision. The profiles of the above discussed public companies are not in any way a solicitation or a recommendation to buy, sell or hold their securities. While Jackpot Digital Inc. is a digital advertising client of this article was written independently and was not compensated. Any forward-looking statements set forth in the article above are based on expectations, estimates and projections at the time such statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements may be identified through the use of words such as 'projects,' 'foresees' 'expects,' 'will,' 'anticipates,' 'estimates,' 'believes,' 'understands' or by statements indicating certain actions 'may,' 'could' or 'might' occur. There is no guarantee past performance will be indicative of future results or that any such forward-looking projections will occur. For a complete disclaimer, investors are encouraged to click here: View more of this article on About Media, Inc.: Founded in 1999, is one of North America's leading platforms for micro-cap insights. Catering to both Canadian and U.S. markets, we provide a wealth of resources and expert content designed for everyone—from beginner investors to seasoned traders. is rapidly gaining recognition as a leading authority in the micro-cap space, with our insightful content prominently featured across numerous top-tier financial platforms, reaching a broad audience of investors and industry professionals. Want to showcase your company's story to a powerful network of investors? We can help you elevate your message and make a lasting impact. Contact us today. Contact: Media, Inc.
Trade Arabia
08-03-2025
- Business
- Trade Arabia
ETG Bio Green Polymer to set up plant in Kezad
Khalifa Economic Zones Abu Dhabi (Kezad Group), the largest operator of integrated and purpose-built economic zones, and ETG Bio Green Polymer, a global leader in sustainable manufacturing, have announced the signing of a 50-year land lease agreement to establish a state-of-the-art compostable polymers factory in Kezad A (Kezad Al Ma'mourah). The new facility will produce 100 percent sustainable polymers, helping manufacturers transition to plastic-free packaging solutions, said a report by Emirates News Agency (WAM). ETG is investing AED150 million ($40.84 million) in the 22,000-sq-m facility reinforcing its commitment to pioneering green technologies for its polymers business and contributing to a circular economy. The plant will manufacture compostable polymer resin, which will facilitate the packaging industry's move toward sustainable solutions, and boost Kezad's efforts in leading the development of a sustainable manufacturing hub. The new ETG facility will leverage Kezad's world-class infrastructure, strategic market access, business-friendly environment with favourable policies and regulatory support to accelerate its market presence in the region. Mohamed Al Khadar Al Ahmed, CEO, Khalifa Economic Zones Abu Dhabi - Kezad Group, said: 'We are proud to welcome ETG to Kezad's ever expanding community of sustainable businesses. As a leader in bio compostable packaging solutions, ETG's presence in KEZAD is a significant step forward in our endeavours to drive sustainability in industrial development, and will contribute to reducing environmental impact and promoting a circular economy. 'By supporting green industries in KEZAD, we are working towards advancing Abu Dhabi's vision for a greener future and strengthening its position as a hub for sustainable manufacturing. We look forward to a successful partnership with ETG to enable meaningful change in the polymers industry.' Kishore Kumar Reddy, CEO and Co-founder, ETG, said: 'At ETG, we believe sustainability is the future of packaging. Our new facility in KEZAD marks a critical step in eliminating plastic.' Shoukath Ali, Cofounder, ETG said: "We are excited to partner with KEZAD Group, which shares our vision for a greener planet.' Tariq Iqbal, Cofounder, ETG, said, 'Together, we will drive innovation, support the UAE's sustainability goals, and set a new benchmark for eco-friendly manufacturing in the region.' The polymers industry plays a crucial role in sustainability by embracing innovative solutions that minimise environmental footprint. Companies are designing reusable and recyclable products by increasingly adopting circular economy principles and advancements in sustainable production technologies that help to reduce waste and energy consumption. ETG's new establishment in Kezad will facilitate its mission to design a green future for the industry, and chart a path of growth for the company.
CairoScene
25-02-2025
- Business
- CairoScene
ETG to Build Sustainable Polymers Facility in Khalifa Economic Zone
The plant will produce 100% sustainable polymers, enabling manufacturers to transition to plastic-free packaging solutions. Feb 24, 2025 ETG Bio Green Polymer has signed a 50-year land lease agreement with KEZAD Group to establish a 22,000 sqm facility in Khalifa Economic Zones Abu Dhabi (KEZAD), investing AED 150 million to manufacture 100% compostable polymer resin. The move aligns with the UAE's growing plastic-free initiatives, helping businesses transition to eco-friendly packaging solutions. KEZAD, the UAE's largest integrated economic zone operator, has been at the forefront of green manufacturing and circular economy initiatives, attracting global companies seeking business-friendly policies and sustainable infrastructure. Unlike conventional plastics, ETG's compostable polymers will be derived from bio-based raw materials, offering manufacturers an alternative that meets global environmental regulations. The facility will also leverage KEZAD's logistics network, providing access to regional and international markets, particularly as governments worldwide tighten restrictions on single-use plastics.
Zawya
24-02-2025
- Business
- Zawya
ETG Bio Green Polymer to set up plant in Kezad
UAE - Khalifa Economic Zones Abu Dhabi (Kezad Group), the largest operator of integrated and purpose-built economic zones, and ETG Bio Green Polymer, a global leader in sustainable manufacturing, have announced the signing of a 50-year land lease agreement to establish a state-of-the-art compostable polymers factory in Kezad A (Kezad Al Ma'mourah). The new facility will produce 100 percent sustainable polymers, helping manufacturers transition to plastic-free packaging solutions, said a report by Emirates News Agency (WAM). ETG is investing AED150 million ($40.84 million) in the 22,000-sq-m facility reinforcing its commitment to pioneering green technologies for its polymers business and contributing to a circular economy. The plant will manufacture compostable polymer resin, which will facilitate the packaging industry's move toward sustainable solutions, and boost Kezad's efforts in leading the development of a sustainable manufacturing hub. The new ETG facility will leverage Kezad's world-class infrastructure, strategic market access, business-friendly environment with favourable policies and regulatory support to accelerate its market presence in the region. Mohamed Al Khadar Al Ahmed, CEO, Khalifa Economic Zones Abu Dhabi - Kezad Group, said: 'We are proud to welcome ETG to Kezad's ever expanding community of sustainable businesses. As a leader in bio compostable packaging solutions, ETG's presence in KEZAD is a significant step forward in our endeavours to drive sustainability in industrial development, and will contribute to reducing environmental impact and promoting a circular economy. 'By supporting green industries in KEZAD, we are working towards advancing Abu Dhabi's vision for a greener future and strengthening its position as a hub for sustainable manufacturing. We look forward to a successful partnership with ETG to enable meaningful change in the polymers industry.' Kishore Kumar Reddy, CEO and Co-founder, ETG, said: 'At ETG, we believe sustainability is the future of packaging. Our new facility in KEZAD marks a critical step in eliminating plastic.' Shoukath Ali, Cofounder, ETG said: "We are excited to partner with KEZAD Group, which shares our vision for a greener planet.' Tariq Iqbal, Cofounder, ETG, said, 'Together, we will drive innovation, support the UAE's sustainability goals, and set a new benchmark for eco-friendly manufacturing in the region.' The polymers industry plays a crucial role in sustainability by embracing innovative solutions that minimise environmental footprint. Companies are designing reusable and recyclable products by increasingly adopting circular economy principles and advancements in sustainable production technologies that help to reduce waste and energy consumption. ETG's new establishment in Kezad will facilitate its mission to design a green future for the industry, and chart a path of growth for the company. Copyright 2024 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (
Zawya
21-02-2025
- Business
- Zawya
ETG to establish $40.8mln facility in KEZAD
Khalifa Economic Zones Abu Dhabi – KEZAD Group, the largest operator of integrated and purpose-built economic zones and ETG Bio Green Polymer, a global leader in sustainable manufacturing have announced the signing of a 50-year land lease agreement to establish a state-of-the-art compostable polymers factory in KEZAD A (KEZAD Al Ma'mourah). The new facility will produce 100 percent sustainable polymers, helping manufacturers transition to plastic-free packaging solutions. ETG is investing AED150 million in the 22,000 sqm facility reinforcing its commitment to pioneering green technologies for its polymers business and contributing to a circular economy. The plant will manufacture compostable polymer resin, which will facilitate the packaging industry's move toward sustainable solutions, and boost KEZAD's efforts in leading the development of a sustainable manufacturing hub. The new ETG facility will leverage KEZAD's world-class infrastructure, strategic market access, business-friendly environment with favourable policies and regulatory support to accelerate its market presence in the region. Mohamed Al Khadar Al Ahmed, CEO, Khalifa Economic Zones Abu Dhabi - KEZAD Group, said, 'We are proud to welcome ETG to KEZAD's ever expanding community of sustainable businesses. As a leader in bio compostable packaging solutions, ETG's presence in KEZAD is a significant step forward in our endeavours to drive sustainability in industrial development, and will contribute to reducing environmental impact and promoting a circular economy. 'By supporting green industries in KEZAD, we are working towards advancing Abu Dhabi's vision for a greener future and strengthening its position as a hub for sustainable manufacturing. We look forward to a successful partnership with ETG to enable meaningful change in the polymers industry.' Kishore Kumar Reddy, CEO and Co-founder, ETG, said, 'At ETG, we believe sustainability is the future of packaging. Our new facility in KEZAD marks a critical step in eliminating plastic.' Shoukath Ali, Cofounder, ETG said: "We are excited to partner with KEZAD Group, which shares our vision for a greener planet.' Tariq Iqbal, Cofounder, ETG, said, 'Together, we will drive innovation, support the UAE's sustainability goals, and set a new benchmark for eco-friendly manufacturing in the region.' The polymers industry plays a crucial role in sustainability by embracing innovative solutions that minimise environmental footprint. Companies are designing reusable and recyclable products by increasingly adopting circular economy principles and advancements in sustainable production technologies that help to reduce waste and energy consumption. ETG's new establishment in KEZAD will facilitate its mission to design a green future for the industry, and chart a path of growth for the company.
