Industry Analysis & Industry Trends
Since early 2008, the center of the Global Casinos and Online Gambling industry has progressively shifted from Las Vegas and Atlantic City to Macau in China. This shift of the industry's activities to Asia is expected to continue. Assisting the shift has been the recent casino openings in Macau. Casino openings in other parts of Asia are expected in the near term. Singapore, with its two mega-casino developments, has already made a significant splash to the extent of rivaling Las Vegas. However, Chinese Government activities, along with other Asian countries, limit domestic access to their casinos and thus these casinos are highly reliant on international and particularly VIP tourist gaming revenue.
In 2012, the industry is expected to generate revenue of $126.6.. read more
Industry SWOT Analysis
The industry is estimated by IBISWorld to globally be in a growth phase of its industry life cycle. This is driven by the introduction of legislation by governments that formerly banned casinos to operate and the lifting of some bans on foreign investment and ownership of casinos. Also relevant is the many new establishments in these areas are mega-casinos with hotels and other major entertainment elements attached to attract their own domestic as well as international guests. In some countries, such as the United Kingdom, the industry is being deregulated – in terms of the actual number of casino licenses on issue.
Online casino gaming continues to grow strongly despite attempts by some governments (i.e. the United States and Australia) to halt their development... read more