Global Casino Gaming Market 2017-2021: Increase in the Popularity of Gambling Apps and Social Gambling - Research and Markets

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Jan 06, 2017, 01:10 ET

DUBLIN, Jan 6, 2017 /PRNewswire/ --

Research and Markets has announced the addition of the "Global Casino Gaming Market 2017-2021" report to their offering.

The global casino gaming market to grow at a CAGR of 10.16% during the period 2017-2021.

Global Casino Gaming Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market. To calculate the market size, the report considers the revenue generated from the different types of casinos.

According to the report, one driver in the market is increased contribution to taxes and GDP. The casino industry contributes significantly to a country's economy. It accounts for 0.45% of the US GDP. The revenue generated by casinos can be used to support economic activities such as building schools and hospitals. The casino industry has the potential to create numerous jobs considering the number of individuals required. For instance, a single large casino in the US will require at least 8-10,000 employees working throughout the year. Casinos have to pay 25% of their revenues as tax, while an average American pays 10% of the revenue earned as tax. As tax is a high source of revenue for countries, governments are trying to ease the regulations for casino gaming.

One trend in the market is shift in consumer gambling habits. There has been a significant change in consumer behavior in the global casino gaming market. The increase in the popularity of gambling apps and social gambling are the major factors expected to propel the growth of the market during the forecast period. Vendors are leveraging the growth in internet using population and increasing adoption of mobile devices to develop innovative social gambling games. The number people participating in social gambling is increasing because they are motivated to compete with friends. With increasing number of friends on social media, players will be able to compete with more friends in their social network. Some of the other reasons for the rise in a number of social players are socializing and interacting through games, user-friendly gameplay, and game tournaments.

Key Vendors:

Caesars Entertainment
Galaxy Entertainment
Las Vegas Sands
MGM Resorts
SJM Holdings

Other Prominent Vendors:

888 Holdings
Betfair Online Casino Games
Boyd Gaming
City of Dreams Manila
Delaware Park
Dover Downs Gaming & Entertainment
Foxwoods Resort Casino
Gala Coral Group
Golden Nugget Online Casino
Harrington Gaming online
Isle of Capri Casinos
Ladbrokes
Palms Casino Resort
Penn National Gaming
Philippines Amusement and Gaming Corporation (PAGCOR)
Pinnacle Entertainment
Resorts World Manila
Station Casinos
Stratosphere
Tropicana Entertainment
Trump Entertainment Resorts
William Hill
Wynn Resorts

Key Topics Covered:

Part 01: Executive summary

Part 02: Scope of the report

Part 03: Market research methodology

Part 04: Introduction

Part 05: Market description

Part 06: Market landscape

Part 07: Market segmentation by type

Part 08: Buying criteria

Part 09: Geographical segmentation

Part 10: Key leading countries

Part 11: Market drivers

Part 12: Impact of drivers

Part 13: Market challenges

Part 14: Impact of drivers and challenges

Part 15: Market trends

Part 16: Vendor landscape

Part 17: Appendix

For more information about this report visit http://www.researchandmarkets.com/research/nj34nm/global_casino

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SOURCE Research and Markets