Gambling in Canada
The Gambling industry has struggled over the past five years due to an overall reduced demand for gambling. Canada is not the only country experiencing a slowdown in gambling; spending on games of chance has declined throughout the western world over the past five years, following a sustained period of rapid growth. Furthermore, rising competition from new casinos and other gambling establishments in the United States has hurt the industry. The Gambling industry will face an uphill battle over the next five years. Per capita household income is expected to increase. However, many Canadians will focus on paying their debts and increasing their savings rather than spending on discretionary purchases, due to concerns surrounding high consumer debt, still-volatile commodity markets and overvalued housing prices potentially pushing Canada back into a recession.
This industry provides short term lodging in hotel facilities that have a casino on the premises. The casino operations may include table-wagering games and other gambling activities, such as slot machines and sports betting. These establishments may offer a range of services and amenities, such as food, beverages, entertainment, valet parking, swimming pools and conference and convention facilities.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.