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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 | Jun 2014

High stakes: Travel and consumer spending will pick up, driving demand for casinos

IBISWorld’s Casino Hotels market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

Report Snapshot
Industry Statistics & Market Size
Revenue
$55bn
Annual Growth 09-14
1.5%
Annual Growth 14-19
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Profit
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Employment
417,676
Businesses
246
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

 


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 performances
 
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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