The global casino gaming market to grow at a CAGR of 10.16% during the period 2017-2021.
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. To calculate the market size, the report considers the revenue generated from the different types of casinos.
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.
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.
Las Vegas Sands
Other Prominent Vendors:
Betfair Online Casino Games
City of Dreams Manila
Dover Downs Gaming & Entertainment
Foxwoods Resort Casino
Gala Coral Group
Golden Nugget Online Casino
Harrington Gaming online
Isle of Capri Casinos
Palms Casino Resort
Penn National Gaming
Philippines Amusement and Gaming Corporation (PAGCOR)