Cigar News

Recent industry report about Cigar company news, including latest market trends and industry updates in 2024. This sector news is compiled by Mordor Intelligence™ Cigar Market industry experts.

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Cigar News

  • SEP 2022: Churchills announced the launch of its new range of cigars called "Chesa Veglia" in Phuket, scheduled to be held on November 4, 2022.
  • OCT 2021: The Forged Cigar Company announced its plans to expand its coverage of the American market, according to a statement from Scandinavian Tobacco Group AS (STG). The company revealed its plans to grow its clientele with the opening of 6-8 additional superstores by 2022-2023.
  • SEP 2021: The Villiger Group entered a joint venture with Joya De Nicaragua to open a new modern factory to increase the production of hand-rolled cigars. The company announced that opening a new factory would help it strengthen and expand its market position in the US market for luxury hand-rolled cigars.
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  • In September 2023, Bet365 partnered with mobile-focused gaming content provider Gaming Realms. Following the agreement, Gaming Realms provides Bet365 with its online gaming content selection. Slingo Rainbow Riches and Slingo Lobstermania are included in the provider's collection.
  • In June 2023, Groupe Partouche and Betsson AB partnered to launch online casino services in Belgium. The collaboration leverages Groupe Partouche's dominance in the market for traditional casinos and Betsson's expertise in the online gaming industry to produce enticing online casino offerings suited explicitly for the Belgian market.
  • In June 2023, Bet365 officially launched in Iowa, a midwestern U.S. state. With the help of a long-term collaboration with Casino Queen Marquette, Bet365 made its debut in the state of Iowa.
  • March 2023: OpenBet, a multinational company that provides sports betting entertainment, expanded its presence in the United States with a day-one launch in Massachusetts.
  • September 2022: Bet365, the renowned sports betting giant, successfully launched its online sports betting service in the state of Colorado. Leveraging one of Century Casinos' master licenses with the state, the sportsbook operator made its highly-anticipated betting application available to the market. This strategic partnership enabled Bet365 to swiftly go live with its cutting-edge platform, offering an exciting array of sports betting options to enthusiastic Colorado bettors.
  • May 2022: William Hill, an operator of sports betting and online casinos, launched its flagship brand and planned to increase its market share in Latvia by a wide margin. Additionally, William Hill intends to leverage existing media partnerships through bespoke creatives grounded in the Brotherhood brand concept. This concept focuses on the power sports and betting have on connecting people.
  • March 2022: The Kindred Group plc (Kindred) expanded its North American footprint by entering the Canadian market after receiving an iGaming license in Ontario. Under their Unibet multiproduct brand, Kindred launched iGaming and sports betting products under Ontario's open regulatory model.
  • October 2022: Altria Group, Inc. announced that JT Group (JT) agreed to enter into a strategic partnership with them to market and commercialize heated tobacco stick products in the United States and to expand the company's heated tobacco product line.
  • January 2022: 22nd Century introduced the first reduced nicotine cigarette or VLN, which the FDA approved to promote smoking less. The company is now focusing on bringing VLN to the market aggressively.
  • December 2021: ITC Ltd., India's largest cigarette company, managed to accomplish its cigarette business, endorsed by a favorable tax structure, revived focus on product innovations, product designing, and its vast distribution reach. The steadily growing business is flourishing with a higher growth approach.
  • In November 2022, With its mix of specially designed tobacco sticks, BLENDS, Philip Morris International Inc. launched its latest heat-not-burn tobacco heating system, BONDS by IQOS. 
  • In July 2022, In Tokyo, Japan, BAT announced the launch of gloTM hyper X2, its latest innovation from the fast-growing global heated tobacco brand gloTM. Featuring new, innovative, user-friendly features, the new 'barrel styling' product offers a new, innovative design shaped by consumer insights.
  • In August 2021, Ploom X, a next-generation heated tobacco device was launched in Japan by JT Group. The Ploom X product is available in convenience stores and select tobacco retail outlets throughout Japan.
  • February 2022: The Gaming Innovation Group Inc. (GiG) announced that it signed an extension of its agreement of partnership with Betsson Group to provide the Platform & Managed Services, which included customer services and full business operations of multiple territories. The contract extension was signed for the extension till 2025. The agreement included the brand's Guts, Thrills, Kaboo, and Rizk.
  • July 2021: Betway launched a new France-facing website in partnership with sportsbook provider Sportnco. Betway.fr and its accompanying mobile apps were expected to allow players in France to access betting options on a wide range of sports events and competitions.
  • March 2021: Playtech extended its partnership deal with Flutter Entertainment for five more years. Under the new agreement, Playtech extended its technology to support Flutter brands such as Paddy Power, Betfair, and Sky Casino in London.
  • In September 2022, Caesars Entertainment launched its most advanced sports betting and iGaming platform, Caesars Sportsbook & Casino in Pennsylvania. Featuring the introduction, the state will have access to a significantly improved, feature-rich version of the Caesars Sportsbook & Casino app with mobile sports betting and casino games befitting of a Caesar.
  • In July 2022, EveryMatrix, a provider of B2B iGaming platforms, signed a distribution agreement with 888casion, part of 888 Holdings PLC, one of the world's leading online gaming and betting companies. Through this partnership, EveryMatrix is extending its reach into the thriving United States market, where the supplier is already operating from a Miami-based commercial hub.
  • In January 2022, In New York, BetMGM launched its online sportsbook. The BetMGM app provides a user-friendly sports betting experience, allowing people to customize pre-game, in-play, futures, and parlay wagers.
  • SEP 2022: Churchills announced the launch of its new range of cigars called "Chesa Veglia" in Phuket, scheduled to be held on November 4, 2022.
  • OCT 2021: The Forged Cigar Company announced its plans to expand its coverage of the American market, according to a statement from Scandinavian Tobacco Group AS (STG). The company revealed its plans to grow its clientele with the opening of 6-8 additional superstores by 2022-2023.
  • SEP 2021: The Villiger Group entered a joint venture with Joya De Nicaragua to open a new modern factory to increase the production of hand-rolled cigars. The company announced that opening a new factory would help it strengthen and expand its market position in the US market for luxury hand-rolled cigars.
  • JUN 2022: Supreme agreed to acquire the vaping brand Liberty Flights Holdings in a deal of the value of GBP 14.75 million. As part of the acquisition, GBP 7.75 million will be paid in initial consideration, GBP 2 million in deferred consideration, and up to GBP 5 million in performance-related earn-out payments.
  • AUG 2021: Philip Morris International Inc. announced the launch of IQOS ILUMA in Japan. The new IQOS ILUMA became the brand's first tobacco-heating system to introduce induction-heating technology, which utilizes no blade and requires no cleaning.
  • JUL 2021: Japan Tobacco Inc. launched Ploom X, its next-generation heated tobacco device. Ploom X is made available across Japan, including convenience stores and select tobacco retail stores.
  • December 2022: TextileGenesis™, a pioneering traceability platform custom-built for the textile ecosystem, was acquired by Lectra. Lectra is a company that offers consultancy and professional services to companies in many different sectors. This provides its customers with a vast collection of fashion.
  • August 2022: Archroma to acquire the Textile Effects business of Huntsman. Both Archroma and Textile Effects are founding members of Sustainable Chemistry for the Textile Industry (SCTI), an alliance of leading chemical companies that strives to empower the textile and leather industries to apply sustainable, state-of-the-art chemistry solutions.
  • June 2023: Saint Laurent Paris and Girard-Perreguax launched a limited-edition digital watch, the Casquette. The watch features an LED display with quartz movement. The company made only 8000 watches.
  • August 2022: Casio launched the first G-Shock smartwatch powered by Google's OS Wear. The smartwatch is designed for outdoor sports, including surfing and snowboarding. The watch is available in blue, black, and red colors. The watch has a titanium carbide finish and is water resistant up to 200 meters.
  • March 2022: The Swatch Group Ltd announced a partnership between two brands, Swatch and Omega, to launch its new product, Bioceramic MoonSwatch. All designs in the collection come in Swatch's patented Bioceramic, a mix of ceramic (two-thirds) and a material derived from castor oil (one-third).

Cigar Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)