Industry Analysis & Industry Trends
During the recession, casino hotels experienced slowed demand and revenue growth as consumers reduced spending on traveling and gambling. While this trend is expected to reverse as the economy recovers, players will face increased competition from international casinos, online gaming and other gaming venues. Still, a wider acceptance of gambling will fuel the industry's recovery over the five years to 2019... purchase to read more
Industry Report - Starting a New Business Chapter
The Casino Hotels industry generally operates with a medium level of concentration, and mergers among major players in the mid-2000s have given these operators the advantage of increased efficiencies and economies of scale. This competition may be potential deterrents for new entrants.
The degree of capital intensity is generally moderate. However, there is a shift towards asset leasing and management rather than ownership of casinos. A move into casino management by some operators is decreasing the direct capital outlay involved in purchasing land, buildings, furniture and fittings. In this respect, the barriers to entry are being lowered. Nonetheless, developing and operating large casinos with hotel accommodation can be costly... purchase to read more