Casinos & Gambling Market Expected To Grow At 7.3% CAGR Over 2017-2021


Posted March 27, 2017 by qoigohuh

A casino is a facility which houses and accommodates certain types of gambling activities. The industry that deals in casinos is called the gaming industry. Casinos are most commonly
 
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Casinos & Gambling Market Expected To Grow At 7.3% CAGR Over 2017-2021

A casino is a facility which houses and accommodates certain types of gambling activities. The industry that deals in casinos is called the gaming industry. Casinos are most commonly built near or combined with hotels, restaurants, retail shopping, cruise ships or other tourist attractions.
The growing disposable income is the key factor fueling the Casinos & Gambling market, and online casinos are seen as an innovation to expand the customer base of physical casinos further growing the market. These innovations in casino gaming and customer-centric strategies are anticipated to support market growth. According to research, the Global Casinos & Gambling market is expected to grow at 7.3% CAGR over 2017-2021.

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……………………Geographically, the North America is considered to be one of the largest entertainment markets in the world. US government supports the casino industry which 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.
Global top manufacturers operating in Casinos & Gambling market are 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 among others.
Global Casinos & Gambling market share by region as following:

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Joanna | Executive – International Business and partner Relations
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Last Updated March 27, 2017