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Market Research Report

Global Casino Gaming Market Outlook 2016-2024

Published On : 2018-02-13 Report Page : 260 Category: Gaming

Global Casino Gaming Market 

Market Overview

Casino gaming industry has always been a distinctive source of entertainment for its customers and a focus for government regulation spotlight. New opportunities are generating in emerging markets for new and existing players which will boost the casino gaming industry across the globe. For instance, new regions entering the casino gaming industry include Singapore’s dramatic emergence as a casino gaming center, rushing from zero in 2009 to revenues totaling more than USD 6 billion in 2014 and more than USD 8 billion in 2016. As new casinos are emerging in new regions, the competitive landscape will continue to shift, and portions of the market will be tapped off from existing casinos. Moreover, the rapid technological advancements, commercial initiatives, and market penetration of online casino gaming have made this sector of the gambling services industries extremely dynamic and potentially transformative in the years ahead.

Goldstein Research analyst forecast the global casino gaming market to expand at a CAGR of 9.2% during the forecast period 2016-2024. Further, the casino gaming market is likely to reach USD 264.1 billion by the end of forecast period as the casino gaming industry is growing at rapid pace in emerging regions such as China, Singapore and South Africa.

Covered in this global casino gaming market report

The report covers the present ground scenario and the future growth prospects of the casino gaming market for 2016-2024 along with the total revenue of casino gaming industry in every region. We calculated the market size and revenue share on the basis of revenue generated per segment, regional and country level. The revenue forecast is given on the basis of number of casino gaming market players and current growth rate of the market.

Global Casino Gaming Market Segmentation

By Casino Type

  • Land-based casino gaming
  • Online casino gaming

By Casino Gaming Type

  • Poker
  • Blackjack
  • Slot machines
  • Roulettes
  • Craps
  • Others (Bingo etc.)

By Geography

  • North America (US, Canada) {Market Share (%), Market Size (USD Billion)}
  • Europe (UK, France, Italy, Germany, Spain, Hungary, Sweden, Russia, Poland and Rest of Europe) {Market Share (%), Market Size (USD Billion)}
  • Middle East and Africa (GCC Countries, North Africa, South Africa and Rest of Middle East & Africa) {Market Share (%), Market Size (USD Billion)}
  • Latin America (Brazil, Mexico and Rest of Latin America) {Market Share (%), Market Size (USD Billion)}
  • Asia Pacific (China, Japan, India, Singapore, South Korea, Australia, New Zealand and Rest of Asia-Pacific) {Market Share (%), Market Size (USD Billion)}
  • Rest of the World{Market Share (%), Market Size (USD Billion))}

Based on casino type, land-based casinos dominated the global casino gaming market and accounted for the largest market share. However, the online casino gaming is anticipated to gain traction during the forecast period. Online casinos are becoming popular and acquired around 20% of the global casino gaming market owing to convenience they offer to the players and vendors.

Global Casino Gaming Market Outlook 2016-2024, has been prepared based on an in-depth market analysis from industry experts. The report covers the competitive landscape and current position of major players in the global casino gaming market. The report also includes porter’s five force model, SWOT analysis, company profiling, business strategies of market players and their business models. Global casino gaming market report also recognizes value chain analysis to understand the cost differentiation to provide competitive advantage to the existing and new entry players.

Our global casino gaming market report comprises of the following companies as the key players in the global casino gaming market: Dover Downs Gaming & Entertainment, William Hill, Caesars Entertainment, Galaxy Entertainment, Las Vegas Sands, MGM Resorts, SJM Holdings, Las Vegas Sands, 888 Holdings, Delaware Park, Betfair, Boyd Gaming, Penn National Gaming, Harrington Gaming online and Tropicana Entertainment.

According to our global casino gaming market study on the basis of extensive primary and secondary research, one major trend in the market is popularity of crypto currency or virtual currencies. Real money is becoming less preferred at making online gambling transactions, which is the one of the major driving the growth of online casino gaming market.

According to the report, major driver in global casino gaming market is the online casino gaming. Besides, traditional casino gaming locations, online casino gaming has significantly augmented the growth of casino gaming industry owing to popularity of gambling apps and social gambling are now propelling growth in this vertical.

Further, the report states that one challenge in global casino gaming market is legal issues with different countries. Several countries permit land-based casino gaming because it promotes tourism. However, some countries such as U.S and middle among others restrict the online casino gaming which is the major challenge for casino gaming industry.

Geographically, Asia Pacific region accounted for the largest market share of 41% revenue in global casino gaming market. North America is closely followed by the Asia pacific region, which occupied about 38% of the market share owing to presence of one of the biggest and popular casino gaming destinations in Las Vegas. Asia Pacific region is also the fastest growing casino gaming market which is majorly driven by driven by new casinos in Macau and Singapore.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

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Key questions answered in this global casino gaming market report

  • What is the total market size by 2024 and what would be the expected growth rate of industry?
  • What is the total revenue per segment and region in 2015-16 and what would be the expected revenue per segment and region over the forecast period?
  • What are the key market trends?
  • What are the factors which are driving this market?
  • What are the major barriers to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities for the existing and entry level players?
  • What are the recent developments and business strategy of the key players?

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Global Casino Gaming Market Outlook 2016-2024

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