Casino Gaming Market in Macau 2015-2019
About Casino Gaming
A casino hosts various types of gambling activities. Today, they house hotels, restaurants, shopping malls, and various other tourist attractions, and can be described as indoor amusement zones. However, the majority of revenue generated is from gambling activities. Gambling is illegal in many parts of the world, which explains the concentration of casinos in certain regions. However, several countries are easing regulations to support the growth of casinos within their territories because of their growing popularity and the revenue they generate.
Technavio's analysts forecast the revenue of the casino gaming market in Macau to decline at a CAGR of (3.47)% over the period 2014-2019.
Covered in this Report
This report covers the present scenario and growth prospects of the casino gaming market in Macau for the period 2015-2019. To calculate the market size, the report takes into account the revenue generated in casinos. The report only takes into account the revenue generated through land-based casinos and not online casinos, as online casinos are unregulated and have not been legalized in Macau. In addition, the report discusses the major drivers that influence the growth of the market. It also outlines the challenges faced by the vendors and the market at large, as well as the key trends that are emerging in the market.
Technavio's report, Casino Gaming Market in Macau 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the landscape of the casino gaming market in Macau and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
Technavio Announces the Publication of its Research Report – Casino Gaming Market in Macau 2015-2019
Technavio recognizes the following companies as the key players in the casino gaming market in Macau: Galaxy Entertainment Group, Melco Crown Entertainment, MGM Holdings, Sands China, SJM Holdings and Wynn Macau
Other Prominent Vendors in the market are: Babylon Casino – Fisherman's Wharf, Casa Real Casino, Casino Crystal Palace, Casino Lisboa, Casino Macau Palace, Casino Marina, Casino Oceanus, Diamond Casino, Emperor Palace Casino, Fortuna Casino, Golden Dragon Casino, Grand Lapa Hotel, Grandview Casino, Greek Mythology Casino, Jai Alai Casino, Kam Pik Casino, Kingsway Hotel & Casino, MJC Casino, New Century Hotel & Casino, Pharaoh's Palace Casino and The Legend Club
Commenting on the report, an analyst from Technavio’s team said: “Electronic gaming machines are becoming increasingly popular in modern casinos, as they are user-friendly and ease to upgrade. A machine can be readied for a game just by downloading the game software into it. Moreover, the same machine can be used for different games. This makes electronic gaming machines reusable, unlike the old type where a vendor had to replace the entire machine when a particular game lost its popularity. This helps reduce inventory costs for vendors.”
According to the report, globally, currently, Macau has 33 casinos, with the Venetian Macau being the largest. In the coming years, more casinos will be added to this, increasing not only the number of tables, slot machines, and other gambling paraphernalia, but also the number of accommodation facilities for tourists coming into the region. This will also cater to the middle class population that comprises a major portion of the gambling population in Macau.
Further, the report states that failure to collect amounts extended to credit players, the chance of losing more money than they earn, and the possibility of fraud restricts the entry of new players in this market.
Galaxy Entertainment Group, Melco Crown Entertainment, MGM Holdings, Sands China, SJM Holdings, Wynn Macau, Babylon Casino – Fisherman's Wharf, Casa Real Casino, Casino Crystal Palace, Casino Lisboa, Casino Macau Palace, Casino Marina, Casino Oceanus, Diamond Casino, Emperor Palace Casino, Fortuna Casino, Golden Dragon Casino, Grand Lapa Hotel, Grandview Casino, Greek Mythology Casino, Jai Alai Casino, Kam Pik Casino, Kingsway Hotel & Casino, MJC Casino, New Century Hotel & Casino, Pharaoh's Palace Casino, he Legend Club
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