Technavio, a tech-focused market research firm, has published a new report on the global casino gaming market, which is expected to experience a slow but steady growth rate with a CAGR of close to 8% during the forecast period.
This latest report by Technavio covers the market outlook and growth prospects of the global casino gaming market for 2017-2021, considering 2016 as the base year. In addition, an overview of the market, key leading countries, vendor landscape, and a detailed analysis of the top vendors operating in this market are covered in the report.
Based on geographical division, Technavio market researchers segment the global casino gaming market into the following key regions: The Americas, APAC, and EMEA.
Geographical segmentation of the global casino gaming market for 2016 (market share %)
|
Americas |
46.16% |
|
APAC |
42.23% |
|
EMEA |
11.61% |
Source: Technavio
The Americas: largest revenue generating region for casino gaming
The global casino gaming market in the Americas was valued at around USD98 billion in 2016 and is predicted to grow at a CAGR of over 6% by 2021. The rise in disposable income of the population in the Americas will promote the growth of the casino gaming market in this region. The US and Canada will emerge as the key revenue generating countries in the American market. It was estimated that in North America, the US accounts for more than 1,600 casinos and Canada accounts for over 140 casinos. The maturity of the American market will help it retain its market position during the forecast period.
“The increase in the disposable income of the population in South America will help in the development of the casino gaming market in this region. Furthermore, the market is witnessing a rise in the number of casinos established in the area. Argentina will emerge as one of the major revenue-contributing countries in the region,” says Ujjwal P Doshi, a lead analyst at Technavio, specializing in research on gaming.
Click here to request a free sample of this report
Casino gaming market in APAC
The global casino gaming market in APAC was valued at close to USD90 billion in 2015 and is predicted to grow at a CAGR of almost 11% by 2020. Casino gaming is very popular in the APAC market and increased spending capability of the population in the region will make it the fastest growing region. Macau is being developed to meet the increasing requirement for casinos in the region. The government of the country is taking initiatives to promote tourism in Macau by establishing more casinos in the area. Macau is referred to as the Las Vegas of the East and is expected to overtake Las Vegas to become the top casino gaming destination by 2019. Countries like China and Singapore will contribute the highest revenues in the region.
Casino gaming market in EMEA
The global casino gaming market in EMEA was valued at over USD24 billion in 2015 and is predicted to grow at a CAGR of almost 3% by 2020. The government promoting tourism in the South African region will help in the growth of the market in this region. Western Europe accounted for a revenue share of more than 60% in 2015 and is expected to contribute high revenues during the forecast period as well.
The top leading vendors operating in the global casino gaming market are:
- Caesars Entertainment
- Galaxy Entertainment
- Las Vegas Sands
- MGM Resorts
- SJM Holdings
Other prominent vendors in the market include 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.
A more detailed analysis is available in the Technavio report titled, ‘Global Casino Gaming Market 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports:
- Global Lottery Market 2017-2021
- Global Gambling Market 2016-2020
- Global Online Gambling Market 2016-2020
To read more press releases- click here.
For any assistance or query, please contact our media team at:
media@technavio.com
US: +1 630 333 9501
UK: +44 208 123 1770
https://www.technavio.com/
