Casinos and Gambling Market by Platform and Geography - Forecast and Analysis 2021-2025

  • Published: Aug 2021
  • Pages: 120
  • SKU: IRTNTR41224
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The casinos and gambling market has the potential to grow by USD 32.54 billion during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 3.50%.

This casinos and gambling market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by platform (offline and online) and geography (North America, APAC, Europe, South America, and MEA). The casinos and gambling market report also offers information on several market vendors, including Boyd Gaming Corp., Caesars Entertainment Corp., Crown Resorts Ltd., Flutter Entertainment Plc, Galaxy Entertainment Group Ltd., Golden Entertainment Inc., Las Vegas Sands Corp., MGM Resorts International, SJM Holdings Ltd., and William Hill Plc among others.

What will the Casinos and Gambling Market Size be in 2021?

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Casinos and Gambling Market: Key Drivers and Trends

The growing popularity of online gambling is notably driving the casinos and gambling market growth, although factors such as the socio-economic impact of casinos may impede market growth. To unlock information on the key market drivers and the COVID-19 pandemic impact on the casinos and gambling industry get your FREE report sample now.

  • The growing popularity of online gambling will be a significant factor driving the growth of the casinos and gambling market.
  • The rising popularity of online gambling can be attributed to the high level of security and flexibility provided by online casino gaming platforms.
  • Apart from quick and easy signup, online gambling platforms allow people to experience the thrill related to land-based casinos at the comfort of their homes with the use of PCs or mobile devices.
  • Several market vendors are using online platforms as an expansion strategy in areas or countries where land-based casinos are illegal, but online gaming platforms are allowed to operate.
  • The legalization of gambling will positively influence the growth of the casinos and gambling market during the forecast period.
  • Forms of gambling such as lotteries are a source of funding that is used to improve public infrastructure, and casinos create employment opportunities.
  • Governments in various countries across the world are lifting regulations on gambling activities.
  • The easing of gambling regulations across the globe has increased participation in casino gaming, especially through online platforms.

This casinos and gambling market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. Get detailed insights on the trends and challenges, which will help companies evaluate and develop growth strategies.

Who are the Major Casinos and Gambling Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Boyd Gaming Corp.
  • Caesars Entertainment Corp.
  • Crown Resorts Ltd.
  • Flutter Entertainment Plc
  • Galaxy Entertainment Group Ltd.
  • Golden Entertainment Inc.
  • Las Vegas Sands Corp.
  • MGM Resorts International
  • SJM Holdings Ltd.
  • William Hill Plc

 

The casinos and gambling market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market. Click here to uncover other successful business strategies deployed by the vendors. 

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Download a free sample of the casinos and gambling market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Casinos and Gambling Market?

Casinos-And-Gambling-Market-Market-Share-by-Region-2020-2025

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43% of the market’s growth will originate from APAC during the forecast period. China is a key market for casinos and gambling in APAC. Market growth in APAC will be faster than the growth of the market in other regions.

The improvement in infrastructures such as better Internet connectivity and improved telecommunication network will facilitate the casinos and gambling market growth in APAC over the forecast period. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.

What are the Revenue-generating Platform Segments in the Casinos and Gambling Market?

Casinos-And-Gambling-Market-Market-Share-by-Platform-2020-2025

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The casinos and gambling market share growth by the offline segment will be significant during the forecast period. Offline gambling remains a viable option for casino gaming due to privacy issues in online platforms, lack of technology adoption, and the prevalence of government regulations that only allow casino gaming through offline channels. Offline platforms such as land-based casinos and stand-alone gaming machines provide various benefits, owing to which the segment still holds the largest share in the market. 

Fetch actionable market insights on post COVID-19 impact on each segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the casinos and gambling market size.

 

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What are the Key Factors Covered in this Casinos and Gambling Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive casinos and gambling market growth during the next five years
  • Precise estimation of the casinos and gambling market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the casinos and gambling industry across North America, APAC, Europe, South America, and MEA
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of casinos and gambling market vendors

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Research Framework

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.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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The casinos and gambling market growth will increase by $82.09 billion during 2019-2024.
The casinos and gambling market is expected to grow at a CAGR of 10.07% during 2019-2024.
Technavio has segmented the casinos and gambling market by platform (Offline and Online) and geographic (APAC, Europe, North America, MEA, and South America).
Boyd Gaming Corp., Caesars Entertainment Corp., Crown Resorts Ltd., Flutter Entertainment Plc, Galaxy Entertainment Group Ltd., Golden Entertainment Inc., Las Vegas Sands Corp., MGM Resorts International, SJM Holdings Ltd., William Hill Plc are a few of the key vendors in the casinos and gambling market.
APAC will register the highest growth rate of 49.71% among the other regions. Therefore, the casinos and gambling market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
The key factors driving the casinos and gambling market growth are:
  • Growing popularity of online gambling
  • Increasing use of social media marketing
The casinos and gambling market vendors should focus on grabbing business opportunities from the offline segment as it accounted for the largest market share in the base year.
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