The global industry for casinos and
gaming holds down a current net worth of over $125 billion. Since early 2008,
the center of the casinos and gaming has progressively shifted from Las Vegas
and Atlantic City to Macau in China. This shift of the industry’s activities to
Asia is expected to continue. Assisting the shift has been the recent casino
openings in Macau. More casino openings are expected in other parts of Asia in
the near term. Singapore, with its two mega-casino developments, has already
made a significant splash to the extent of rivaling Las Vegas. However, Chinese
Government activities, along with other Asian countries, limit domestic access
to their casinos and thus these casinos are highly reliant on international and
particularly VIP tourist gaming revenue.
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The industry at the moment is in a
growth phase. This is driven by the introduction of legislation by governments
that formerly banned casinos to operate and the lifting of some bans on foreign
investment and ownership of casinos. Also relevant is the emergence of many new
establishments in these areas which are mega-casinos with hotels and other
major entertainment elements attached to attract their domestic as well as
international guests.
SJM Holdings Limited, Las Vegas
Sands Corporation, Caesars Entertainment Corp. and MGM Resorts International
are the top players in the industry. The global economic recovery in 2010 is
estimated to have boosted industry performance across most regions,
particularly in China and Asia. These regions have not suffered as much as some
developed nations from the ill effects of the global recession and associated
substantial rise in unemployment. Furthermore, recent major player
consolidations, largely in the United States and United Kingdom, and global
expansion by major players have encouraged employment growth. The fall in
revenue was also associated with a massive rise in competition, particularly
for international high rollers, especially from online casinos and gaming, and
some other forms of wagering and gaming.
Aruvian Research analyzes the Global
Casinos & Gambling Industry in its report Analyzing the Global Casinos
& Gambling Industry. The report begins with an industry definition and
moves on to the complete industry analysis. An analysis of the Global Casinos
& Gaming Industry is the first section of the report. In this section we
look at industry statistics, industry value, industry segmentation by
categories and region, as well as regulatory framework governing the global
casinos and gaming industry. Industry competition is also analyzed in this
section.
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