Industry Analysis & Industry Trends
Despite a minor hiccup in 2009 when the global economy suffered, the Global Casinos and Online Gambling industry has fared well in the past five years. Strong growth will continue as more casinos open in China and other Asian countries. Established markets have reached maturity and have less room for revenue growth, new markets will open up and increase access to gaming activities... read more
Industry SWOT Analysis
The industry is in a growth phase of its life cycle. The casino sector has a long history, and gambling and gaming are established services in several countries, including the United States. Over the 10 years to 2019, industry value added, which measures an industry's contribution to GDP, will grow at an estimated average annual rate of 6.0%. Global GDP will grow at an average annual rate of 3.6% during the same period, indicating that the industry is growing at a much faster rate than the economy as a whole.
The industry is growing fastest in countries, such as China and Singapore, supported by the lifting of some bans on foreign investment and ownership of casinos... read more