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The casino gaming market report of the US provides a detailed analysis of the market by platform (online and traditional), type (commercial, tribal, limited stakes, and iGaming), and game type (poker, blackjack, slot machines, roulette, and others). Also, the report analyzes the market's competitive landscape and offers information on several market vendors, including Boyd Gaming, Caesars Entertainment, INTRALOT, Las Vegas Sands, MGM Resorts, Penn National Gaming, and Wynn Resorts.
According to Technavio’s market research report, the casino gaming market in the US will grow at a CAGR of close to 5% during the forecast period. The easing of government regulations is one of the key trends that will drive market growth during the forecast period. Gambling is one of the major sources of revenue for the country as it generates high revenue in the form of taxes. This, in turn, is helping governments in creating employment opportunities by increasing investments in public or public-private sectors. The revenue collected in the form of taxes from the casino gaming market is used for societal welfare in the region. It also helps in reducing the budgetary gaps. This results in the evolution of regulations related to gambling, which, in turn, legalizes different forms of gambling. For instance, a large part of the population participates in gambling through online casino gambling games.
The increasing popularity of reconfigurable electronic gaming machines is one of the key casino gaming market trends in the US. The reconfigurable electronic gaming machines are gaining popularity among consumers because they are easy to update, upgrade, and user-friendly. The inventory cost for vendors is also reduced because electronic gaming machines can be reused unlike the conventional type of machines.
The casino gaming market in the US is highly competitive and fragmented due to the presence of numerous vendors. The vendors are finding it difficult to sustain in the market due to the changing customer preferences and intense competition. As a result, they are heavily investing in the development and expansion of the existing facilities.
Key vendors in this market are -
Other prominent vendors in the market include BetAmerica, Dover Downs Gaming & Entertainment, Foxwoods Resort Casino, Isle of Capri Casinos, Palms Casino Resort, Pinnacle Entertainment, Station Casinos, Stratosphere, Tropicana Entertainment, and Trump Entertainment Resorts.
Traditional casino gaming is the most common form of casino gambling that offers various services such as games, hotel, spa, golf, and hospitality and leisure services. Though the market share of the segment is expected to decline in the forthcoming years, the traditional casino gaming segment will remain the largest segment during the forecasted period. This is because resorts such as the valley forge casino resort generate high revenue in the US.
The commercial gaming segment is witnessing a slow and declining growth rate due to the limited technological advancement and minimal innovations in casinos. However, the segment will continue to be the largest segment from 2016 to 2021. The US is focusing on developing new casino games such as slots that will enhance the entertainment offerings in the region.
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A casino is primarily a tourist attraction and an indoor amusement zone. It offers services in hotels, restaurants, and shopping malls. This upcoming market research report on the casino gaming market in the US is an integral part of Technavio’s media and entertainment portfolio and offers key insights into the market space for gaming. Technavio’s insightful market research reports also offer insights on the market size, forecast, trends, and industry analysis to help clients build effective growth strategies.
Additionally, by implementing an extensive research approach of quantitative and qualitative data collection methods and assessing the changing demand-supply landscape of the gaming sector, the upcoming market research report on the casino gaming market in the US offers insights into the key market drivers, trends, and eminent challenges that will influence the growth of the key suppliers in this market space. To help clients develop effective market entry strategies, the upcoming report on the casino gaming market in the US also offers a competitive landscape, covering some players like Caesars Entertainment, Galaxy Entertainment Group, Las Vegas Sands, 888 Holdings, Betfair Online Casino Games, Boyd Gaming, Delaware Park, Dover Downs Gaming & Entertainment, Isle of Capri Casinos, and Wynn Resorts.
This market research report on the casino gaming market in the US also takes into account the growth of related markets such as casino gaming equipment market, which is anticipated to post an impressive CAGR of over 15% during the forecast period. According to our analysts, easing government regulations may influence the market space for casino gaming in the US.
The upcoming industry report on the casino gaming market in the US also offers insights into fast-growing segments within the media and entertainment industry, including sectors like media and entertainment services and internet and e-commerce. Additionally, the report also presents intelligence into the changing competitive scenario and gives clients a holistic view of the future direction of the industry.
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
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