Full house: The industry will diversify away from its traditional stronghold in Nevada

The Casino Hotels industry has had a mixed hand over the five years to 2017, 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 encountered little competition and drawn visitors from out of state, such as those in New Jersey. While the number of places to gamble has increased, the total size of the gambling market has just barely increased during the five-year period. The industry will benefit from an improving economy and the growing societal acceptance of gambling over the five years to 2022...purchase to read more.

Industry Statistics & Market Size
Revenue
$60bn
Annual Growth 12-17
1.0%
Forecast Growth 17-22
Profit
Employment
421,362
Businesses
261

Industry Threats & Opportunities

  • The industry will benefit from an improving economy and the growing societal acceptance of gambling
  • Casinos have opened as states have attempted to increase revenue streams
  • Additional tourist dollars will provide a much-needed boost for industry operators
  • Industry Report - Industry Key Buyers Chapter

    In 2017, the four largest operators in the Casino Hotels industry will earn an estimated 24.3% of industry revenue, indicating a low concentration in the industry. The merger of Caesars Entertainment Corporation and Harrah's Entertainment Inc. as well as that of MGM Resorts International and Mandalay Bay secured the dominant positions of these two operators, which combined, generate more than one-quarter of total industry revenue. The level of industry concentration has remained relatively flat since 2012, due to state regulatory constraints in the industry and to the monitoring of federal government agencies over industry competition levels...purchase to read more.

    Additional Insights for the Casino Hotels Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Casino Hotels Industry are

  • Market research and understanding
  • Having a loyal customer base
  • Close monitoring of competition
  • IBISWorld analysts also discuss how external factors such as Consumer spending and Domestic trips by US residents in the Casino Hotels industry impact industry performance..

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    What's in this report

    What is the Casino Hotels Industry?

    This industry is made up of 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 tables
  • Gambling machines
  • Accommodations
  • Admissions to live performances
  • Alcoholic beverages
  • Industry Activities
  • Providing short-term lodging in hotel facilities with a casino on the premises
  • Providing entertainment in facilities with a casino on the premises
  • Providing food and beverage services
  • Operating gaming facilities
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Consumer spending
  • Domestic trips by US residents
  • Consumer Confidence Index
  • Inbound trips by non-US residents

  • Current Performance
  • International competition
  • Industry structure
  • Gambling trends
  • Chart: Revenue Growth

  • Industry Outlook
  • Economic growth supports gambling
  • Industry developments
  • Product mix
  • Employment and profitability to strengthen
  • Table: Casino Hotels Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Casino Hotels Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • International Airlines
  • Domestic Airlines
  • Travel Agencies
  • Tour Operators
  • Public Administration
  • Consumers

  • Key Selling Industries
  • Beef & Pork Wholesaling
  • Beer Wholesaling
  • Caterers
  • Chain Restaurants
  • Fish & Seafood Wholesaling
  • Fruit & Vegetable Wholesaling
  • Hotels & Motels
  • Musical Groups & Artists
  • Single Location Full-Service Restaurants
  • Wine & Spirits Wholesaling

  • Products & Services
  • Gambling machines
  • Other
  • Gaming tables
  • Accommodations
  • Alcoholic beverages
  • Admissions to live performances
  • Chart: Casino Hotels Industry Products and Services Segmentation

  • Demand Determinants
  • Tourism
  • Regulation

  • Major Markets
  • Household income more than $150,000
  • Household income $60,000 to $99,000
  • Household income $35,000 to $60,000
  • Household income $100,000 to $149,000
  • Household income less than $35,000
  • Chart: Major Market Segmentation for the Casino Hotels Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitWages and purchasesTaxes and feesMarketing and depreciationOther
  • Chart: Cost Structure Benchmarking – Sector vs Casino Hotels

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Casino Hotels Industry

  • Industry Globalization
    MGM Resorts International, Caesars Entertainment Corporation,
  • Table: MGM Resorts International - financial performance
  • Table: Caesars Entertainment Corporation - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Casino Hotels Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Casino Hotels Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Domestic trips (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Table: Industry Financial Ratios
    Pari-Mutuel
  • A system of betting on races whereby the winners divide the total amount bet, after deducting management expenses, in proportion to the sums they have wagered individually.
  • Racino
  • A hybrid of a pari-mutuel venue (horse track, dog track or jai alai court) and a casino. Typically, the casino at a racino offers only slot machine games.
  • Slot Machine
  • Any mechanical or electronic device in which outcomes are determined by a random number generator located inside the terminal.
  • Table Game
  • A category of games that includes card games such as poker, blackjack and roulette.
  • Ticket-In, Ticket-Out (Tito)
  • The use of cards with credits rather than cash for slot machine play.
  • What Our Customers Say

    Why buy this report?

    The Casino Hotels industry market report contains strategic analysis of the key drivers influencing the industry. Save hours of time on research and prospecting using IBISWorld’s standardized, up-to-date reports on thousands of industries. Our industry research provides growth and profit forecasts for a five-year outlook period, presented in a clear and user-friendly format.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Casino Hotels:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Casino Hotels market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Casino Hotels, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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