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 Investment Chapter
The capital intensity of the Casino Hotels industry is determined by the ratio of capital to labor costs. To calculate the ratio, wages and depreciation costs from the industry's overall cost structure are used as proxies. For every dollar spent on wages in 2016, an estimated $0.27 is spent on the use and replacement of buildings and equipment. As a result, this industry has a moderate level of capital intensity.
As an industry dedicated to providing high quality service to attract new and repeat customers, operators require labor throughout all aspects of the business... purchase to read more