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Global Casino Gaming Market 2017-2021

Global Casino Gaming Market 2017-2021

About Casino Gaming

A casino is more of a tourist attraction and indoor amusement zone. It offers services in hotels, restaurants, and shopping malls. The majority of the revenue comes from gambling. Casinos are concentrated in certain regions because gambling is illegal in several parts of the world. However, a large number of countries are easing regulations to support the growth of casinos because they are becoming very popular and are contributing significantly to a nation's economy in the form of tax.

Technavio’s analysts forecast the global casino gaming market to grow at a CAGR of 10.16% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global casino gaming market for 2017-2021. To calculate the market size, the report considers the revenue generated from the different types of casinos.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Casino Gaming Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Caesars Entertainment
  • Galaxy Entertainment
  • Las Vegas Sands
  • MGM Resorts
  • SJM Holdings
Other prominent vendors
  • 888 Holdings
  • Betfair Online Casino Games
  • Boyd Gaming
  • City of Dreams Manila
  • Delaware Park
  • Dover Downs Gaming & Entertainment
  • Foxwoods Resort Casino
  • Gala Coral Group
  • Golden Nugget Online Casino
  • Harrington Gaming online
  • Isle of Capri Casinos
  • Ladbrokes
  • Palms Casino Resort
  • Penn National Gaming
  • Philippines Amusement and Gaming Corporation (PAGCOR)
  • Pinnacle Entertainment
  • Resorts World Manila
  • Station Casinos
  • Stratosphere
  • Tropicana Entertainment
  • Trump Entertainment Resorts
  • William Hill
  • Wynn Resorts
Market driver
  • Increase in contribution to taxes and GDP.
  • For a full, detailed list, view our report
Market challenge
  • Difficulty in processing online payments through financial institutions.
  • For a full, detailed list, view our report
Market trend
  • Increasing number of states regularizing casinos.
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2020 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Casino Gaming Market 2017-2021

Technavio recognizes the following companies as the key players in the global casino gaming market: Caesars Entertainment, Galaxy Entertainment, Las Vegas Sands, MGM Resorts, and SJM Holdings.

Other Prominent Vendors in the market are: 888 Holdings, Betfair Online Casino Games, Boyd Gaming, City of Dreams Manila, Delaware Park, Dover Downs Gaming & Entertainment, Foxwoods Resort Casino, Gala Coral Group, Golden Nugget Online Casino, Harrington Gaming online, Isle of Capri Casinos, Ladbrokes, Palms Casino Resort, Penn National Gaming, Philippines Amusement and Gaming Corporation (PAGCOR), Pinnacle Entertainment, Resorts World Manila, Station Casinos, Stratosphere, Tropicana Entertainment, Trump Entertainment Resorts, William Hill, and Wynn Resorts.

Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is shift in consumer gambling habits. There has been a significant change in consumer behavior in the global casino gaming market. The increase in the popularity of gambling apps and social gambling are the major factors expected to propel the growth of the market during the forecast period. Vendors are leveraging the growth in internet using population and increasing adoption of mobile devices to develop innovative social gambling games. The number people participating in social gambling is increasing because they are motivated to compete with friends. With increasing number of friends on social media, players will be able to compete with more friends in their social network. Some of the other reasons for the rise in a number of social players are socializing and interacting through games, user-friendly gameplay, and game tournaments.”

According to the report, one driver in the market is increased contribution to taxes and GDP. The casino industry contributes significantly to a country's economy. It accounts for 0.45% of the US GDP. The revenue generated by casinos can be used to support economic activities such as building schools and hospitals. The casino industry has the potential to create numerous jobs considering the number of individuals required. For instance, a single large casino in the US will require at least 8-10,000 employees working throughout the year. Casinos have to pay 25% of their revenues as tax, while an average American pays 10% of the revenue earned as tax. As tax is a high source of revenue for countries, governments are trying to ease the regulations for casino gaming.

Further, the report states that one challenge in the market is difficulty in processing online payments through financial institutions. The processing of customer payments through financial institutions remains a major challenge for vendors. Until 2011, the federal government was liberal in targeting online gaming operators approaching patrons in the US. However, after the implementation of the Unlawful Internet Gaming Enforcement Act of 2006, which prohibits the online gambling platforms from knowingly accepting payments related to a bet or a wager, financial institutions and credit card processors started prohibiting the processing of online gaming transactions to avoid becoming the target of federal investigations. Similarly, the growing instances where bettors are unable to return the money to the financial institutions pose a threat to market. The restrictions on processing credit card transactions made it difficult for patrons to transact from their online gaming accounts. This issue could be resolved only if financial institutions and credit card processors revise their policies.



Companies Mentioned

Caesars Entertainment, Galaxy Entertainment, Las Vegas Sands, MGM Resorts, SJM Holdings, 888 Holdings, Betfair Online Casino Games, Boyd Gaming, City of Dreams Manila, Delaware Park, Dover Downs Gaming & Entertainment, Foxwoods Resort Casino, Gala Coral Group, Golden Nugget Online Casino, Harrington Gaming online, Isle of Capri Casinos, Ladbrokes, Palms Casino Resort, Penn National Gaming, Philippines Amusement and Gaming Corporation (PAGCOR), Pinnacle Entertainment, Resorts World Manila, Station Casinos, Stratosphere, Tropicana Entertainment, Trump Entertainment Resorts, William Hill, Wynn Resorts.

  • Executive summary
  • Scope of the report
    • Market overview
      • Table Key regions in global casino gaming market
    • End-user segment
    • Base year and forecast period
    • Vendor selection criteria
    • Summation error
    • Top-vendor offerings
      • Table Product offerings
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
  • Market description
    • Overview of global casino gaming market
  • Market landscape
    • Market overview
      • Table Overview of global casino gaming market
    • Product life cycle
      • Table Product life cycle of casino gaming 2016 and 2021
    • Global casino gaming market
      • Table Global casino gaming market 2016-2021 ($ billions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by type
    • Global casino gaming market by type
      • Table Global casino gaming market by type 2016-2021 (% revenue)
    • Global land-based casino gaming market
      • Table Global land-based casino gaming market 2016-2021 ($ billions)
    • Global online casino gaming market
      • Table Global online casino gaming market 2016-2021 ($ billions)
  • Buying criteria
    • Table Buying criteria for casino gaming
  • Geographical segmentation
    • Global casino gaming market by geography
      • Table Global casino gaming market by geography 2016-2021 (% revenue)
      • Table Revenue comparison of global casino gaming market by geography ($ billions)
      • Table CAGR comparison of global casino gaming market by geography 2016-2021
    • Casino gaming market in Americas
      • Table Casino gaming market in Americas 2016-2021 ($ billions)
      • Table Top revenue-generating countries in Americas 2016
    • Casino gaming market in APAC
      • Table Casino gaming market in APAC 2016-2021 ($ billions)
      • Table Top revenue-generating countries in APAC 2016
    • Casino gaming market in EMEA
      • Table Casino gaming market in EMEA 2016-2021 ($ billions)
      • Table Top revenue-generating countries in EMEA 2016
  • Key leading countries
    • US
      • Table Casino gaming market in US 2016-2021 ($ billions)
      • Table US casino gaming market by type of game 2016 and 2021 (% revenue)
    • China
      • Table Casino gaming market in China 2016-2021 ($ billions)
  • Market drivers
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
  • Vendor landscape
    • Competitive scenario
    • Key leading vendors
    • Other prominent vendors
      • Table Other prominent vendors
  • Appendix
    • List of abbreviations
  • Explore Technavio

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