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Casino Hotels in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Casino Hotels Market Research Report | NAICS 72112 | Apr 2015

High stakes: The industry will diversify away from its traditional stronghold in Nevada

The Casino Hotels market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

Report Snapshot
Industry Statistics & Market Size
Revenue
$59bn
Annual Growth 10-15
1.5%
Annual Growth 15-20
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Profit
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Employment
428,970
Businesses
248
Industry Analysis & Industry Trends

The Casino Hotels industry has been a mixed bag over the past five years as a raft of new casinos have been built in states not traditionally associated with gambling. There have been both winners and losers; however, new competition in surrounding states has been the death knell for casino hotels that have traditionally faced little competition and drawn visitors from out of state. In the coming years, the industry will benefit from an improving economy and the growing societal acceptance of gambling. The industry will continue to diversify away from its traditional stronghold of Nevada and New Jersey to new states that seek casinos for the easy tax revenue stream that gambling provides... purchase to read more

Industry Report - Industry SWOT Analysis Chapter

The Casino Hotels industry is in the mature phase of its industry life cycle in the domestic market and, as a consequence, major operators have shifted their focus to emerging economies, such as Asia, where the industry is booming. Slow industry expansion in recent years also relates to subdued domestic revenue growth. This slow growth has led to some consolidation to achieve greater revenue and profit. Pressure has also been applied from other forms of gaming, including casinos with no accommodation attached, which can provide a competitive cost advantage, as well as cheaper alternatives like lotteries and sports betting. Over the 10 years to 2020, industry value added, which measures an industry's contribution to GDP, is expected to grow at an annualized rate of 1.6%... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Casino Hotels Industry?

This industry comprises establishments that primarily provide short-term lodging in hotel facilities with a casino on the premises. The casino on the premises includes table-wagering games and may include other gambling activities, such as slot machines and sports betting. These establishments generally offer a range of services and amenities, such as food and beverage services, entertainment, valet parking, swimming pools and conference and convention facilities.

Industry Products
Gaming tablesGambling machinesAccommodationsAdmissions to live performancesAlcoholic beverages
 
Industry Activities
Providing short-term lodging in hotel facilities with a casino on the premisesProviding entertainment in facilities with a casino on the premisesProviding food and beverage servicesOperating gaming facilities


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