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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 | Nov 2014

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
$53bn
Annual Growth 09-14
0.8%
Annual Growth 14-19
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Profit
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Employment
417,676
Businesses
246
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 such as those in New Jersey 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... purchase to read more

Industry Report - Industry Analysis Chapter

The Casinos Hotels industry initially grew in the years immediately following the recession as spending improved, unemployment declined and more international gamblers traveled to the United States. However, casino hotel operators have struck a run of bad luck over the past few years as stagnant incomes have led to less spending on discretionary activities like gambling. 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... 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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