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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 | Apr 2015

High stakes: The industry will diversify away from its traditional stronghold in Nevada

IBISWorld’s Casino Hotels market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

Report Snapshot
Industry Statistics & Market Size
Revenue
$59bn
Annual Growth 10-15
1.5%
Annual Growth 15-20
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Profit
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Employment
428,970
Businesses
248
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 Analysis Chapter

The Casinos Hotels industry has grown over the past five years as spending improved, unemployment declined and more international gamblers travelled to the United States. However, existing casino hotel operators have been hurt by competition from new casinos in states that have legislated to allow gambling as a way to bring in more tax revenue. Furthermore, competition from new casino centers, such as Macau and Singapore, have drawn high-stakes gamblers away from the traditional gambling mecca of Las Vegas. The industry is expected to grow 1.5% per year on average to $58.6 billion over the five years to 2015, which includes an increase of 3.3% in 2015, largely due to the robust consumer confidence and an uptick in international travel... 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 performancesAlcoholic beverages
 
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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