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Global Casino Gaming Market to Grow at a CAGR of 10.16% During the Period 2017-2021; Finds New Report

Market Research Reports, Inc. has announced the addition of “Global Casino Gaming Market 2017 - 2021” research report to their website


Lewes, DE -- (SBWIRE) -- 01/18/2017 -- Report forecast the global casino gaming market to grow at a CAGR of 10.16% during the period 2017-2021.

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.

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

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.

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 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.

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?

Spanning over 73 pages and 25 Exhibits "Global Casino Gaming Market 2017 - 2021" report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market landscape, Market description, Market segmentation by type, Buying criteria, Geographical segmentation, Key leading countries, Market drivers, Impact of drivers, Market challenges, Impact of drivers and challenges, Market trends, Vendor landscape, Appendix.

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