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 - 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