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Casino Hotels in the US - Industry Market Research Report

Casino Hotels in the US - Industry Market Research Report

  • July 2017
  • 39 pages
  • ID: 199185

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Full house: The industry will diversify away from its traditional stronghold in Nevada

Abstract
Casino Hotels in the US

The Casino Hotels industry has had a mixed hand over the five years to 2017, as a raft of new casinos have been built in states not traditionally associated with gambling. There have been both winners and losers; however, new competition in surrounding states has been the death knell for casino hotels that have traditionally encountered little competition and drawn visitors from out of state, such as those in New Jersey. While the number of places to gamble has increased, the total size of the gambling market has just barely increased during the five-year period. The industry will benefit from an improving economy and the growing societal acceptance of gambling over the five years to 2022. The industry will continue to expand away from its traditional stronghold of Nevada and New Jersey to new states that seek casinos for the easy tax revenue stream that gambling provides.

This industry is made up of establishments that primarily provide short-term lodging in hotel facilities with a casino on the premises. The casino on the premises includes table-wagering games and may include other gambling activities, such as slot machines and sports betting. These establishments generally offer a range of services and amenities, such as food and beverage services, entertainment, valet parking, swimming pools and conference and convention facilities.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.

MAJOR COMPANIES
- MGM Resorts International
- Caesars Entertainment Corporation

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