Industry Analysis & Industry Trends
While the industry experienced a sharp downturn during the recession, the economic recovery will benefit revenue. With consumer spending on the rise, individuals will be more likely to use their income for discretionary purchases like gambling. The industry's chief competitors will continue to be casino hotels and Native American casinos. Still, the industry will experience positive growth as a result of the improving economy and rising tourism... purchase to read more
Industry Report - Starting a New Business Chapter
The industry has moderate barriers to entry, primarily in the form of initial capital investment and regulations. There are significant construction costs associated with establishing a casino and its other support facilities. For example, a riverboat casino can cost up to $150.0 million to construct and outfit.
Casinos operate in a very strict legislative and regulatory environment. However, some states have decided through referenda not to have them due to concerns about problem gamblers and other potential social impacts. In the states that allow them, casinos are regulated by legislated bodies that have wide-ranging and arbitrary powers to regulate casino operations and licensing requirements to restrict the number and location of casinos... purchase to read more