The Casino Global Market Report 2023, provides comprehensive information on the casino market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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According to The Business Research Company’s comprehensive Global Market Report for 2023, the casino industry is poised for a remarkable transformation. Commencing with a valuation of $99.87 billion in 2022, the market is expected to experience substantial growth, with an anticipated ascent to $145.92 billion in 2023, boasting an extraordinary compound annual growth rate (CAGR) of 46.1%.
Nonetheless, the ongoing Russia-Ukraine conflict has cast a shadow over the prospects of swift global economic recovery following the tumultuous impact of the COVID-19 pandemic. The war’s far-reaching effects include the imposition of economic sanctions on numerous countries, a surge in commodity prices, and disruptions within global supply chains. These cascading developments have, in turn, led to inflationary pressures permeating various sectors and impacting markets across the globe.
Looking ahead, the global casino market is projected to maintain its growth trajectory, albeit at a more subdued pace. By 2027, the market is forecasted to attain a size of $163.71 billion, characterized by a CAGR of 2.0%. This forward-looking perspective underscores the enduring appeal of the casino industry, reflecting the evolving demands of consumers seeking entertainment and leisure. The market’s resilience is attributed to its adaptability in a constantly evolving landscape, where both traditional and online casino experiences continue to captivate audiences worldwide. The industry’s future evolution will be shaped by factors such as technological innovation, regulatory changes, and shifting consumer preferences, ensuring its continued relevance and significance in the global business landscape.
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In the dynamic landscape of the casino market, a compelling trend that is gaining significant traction revolves around product innovation. Leading companies operating in this sector have strategically embraced the concept of innovation, leveraging it as a pivotal tool to fortify their positions and maintain a competitive edge. A pertinent example of this forward-thinking approach is exemplified by MGM Resorts International, a prominent US-based sports betting and iGaming operator.
In March 2023, MGM Resorts International introduced “MGM Riches,” a groundbreaking custom slot experience that redefines the traditional slot game paradigm. What sets MGM Riches apart is its versatility; it can be enjoyed both online via BetMGM and in physical form at MGM Resorts establishments nationwide. This multifaceted offering encompasses a multi-denomination, multi-level progressive slot game, featuring two engaging themes: “MGM Riches Triple Ruby” and “MGM Riches 5x Sapphire.”
This innovation seamlessly merges the worlds of online gaming and traditional casino experiences, catering to a diverse audience seeking entertainment and excitement. “MGM Riches” serves as a prime example of how technological advancements are redefining the casino landscape, providing players with innovative options that blend tradition with contemporary convenience. It not only reflects the industry’s commitment to enhancing the player experience but also underscores the ever-evolving nature of the casino market as it continues to cater to the demands of modern consumers. This transformative approach paves the way for an exciting and dynamic future for the world of casinos and gaming.
The casino market is segmented:
1) By Type: Gambling Machines, Gaming Tables, Other Types
2) By Channel Type: Offline, Online
3) By End User: Routellte, Vr Version
Top Major Players
888 Holdings Plc
Boyd Gaming Corporation
Caesars Entertainment Corporation
City of Dreams Manila
Delaware Park Casino & Racing
Asia-Pacific was the largest region in the casino market in 2022.
The table of contents in TBRC’s casino market report includes:
1. Executive Summary
2. Casino Market Characteristics
3. Casino Market Trends And Strategies
4. Casino Market – Macro Economic Scenario
5. Casino Market Size And Growth
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26. Africa Casino Market
27. Casino Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Casino Market
29. Casino Market Future Outlook and Potential Analysis
30. Appendix
List Of Tables :
Table 1: Global Historic Market Growth, 2017-2022, $ Billion
Table 2: Global Forecast Market Growth, 2022-2027F, 2032F, $ Billion
Table 3: Global Casino Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
Table 4: Global Casino Market, Segmentation By Channel Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
Table 5: Global Casino Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
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Table 46: 888 Holdings Plc Financial Performance
Table 47: Boyd Gaming Corporation Financial Performance
Table 48: Caesars Entertainment Corporation Financial Performance
Table 49: City of Dreams Manila Financial Performance
Table 50: Delaware Park Casino & Racing Financial Performance
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