Global Casino (Online & Offline) Industry 2023-2027: Market Consolidation and Strategic Acquisitions Shaping the Landscape
Dublin, Aug. 04, 2023 (GLOBE NEWSWIRE) -- The "Casino Global Market Report 2023" report has been added to * ResearchAndMarkets.com's* offering.
The global casino market is on a trajectory of remarkable growth, with its value expected to surge from $99.87 billion in 2022 to $145.92 billion in 2023, at an astounding compound annual growth rate (CAGR) of 46.1%. Over time, the market is projected to reach $163.71 billion in 2027, registering a CAGR of 2%. As of 2022, Asia-Pacific led the casino market in terms of regional dominance.
An essential factor driving the market's growth is the increasing demand for online gambling. Online gambling, conducted via the internet, allows individuals to place bets and earn money digitally, using credit cards for transactions. Both winnings and losses are settled electronically, setting the stage for significant growth in the casino market. In Europe, online gambling revenue in 2021 accounted for 41.7% of total gambling revenue, amounting to €36.4 billion ($39.06 billion), representing a 19% increase over 2020 levels. In contrast, land-based gambling revenue accounted for 58.3% of total gambling revenue, reaching €50.8 billion ($54.51 billion), a slight 0.4% rise from 2020.
One prominent trend propelling the casino market is product innovation, with companies vying to strengthen their market position through inventive offerings. For example, MGM Resorts International, a leading US-based sports betting and iGaming operator, launched MGM Riches in March 2023, an unprecedented custom slot experience available both online via BetMGM and as a traditional slot game on BetMGM's iCasino platform or at MGM Resorts locations nationwide. MGM Riches features a multi-denomination, multi-level progressive slot game with two themes: MGM Riches Triple Ruby and MGM Riches 5x Sapphire.
Market consolidation and strategic acquisitions are also shaping the landscape. In July 2022, UK-based betting and gaming company 888 Holdings PLC acquired William Hill International for $2.35 billion, bringing together two robust businesses to form a powerful global betting and gaming entity with cutting-edge technology, products, and brands spanning sports betting and gaming.
*Key players in the casino market include:*
· 888 Holdings PLC
· Boyd Gaming Corporation
· Caesars Entertainment Corporation
· City of Dreams Manila
· Delaware Park Casino & Racing
· Dover Downs Hotel & Casino
· Eldorado Resort Casino
· Foxwoods Resort Casino
· Galaxy Entertainment Group Ltd.
· Golden Nugget Atlantic City Hotel Casino & Marina
· Harrington Raceway & Casino
· LC International Limited
· MGM Resorts International
· Palms Casino Resort
· Penn Entertainment Inc.
These industry leaders contribute significantly to the market's dynamism and growth through their innovative strategies and offerings.
*Key Attributes*
*Report Attribute* *Details*
No. of Pages 275
Forecast Period 2023-2027
Estimated Market Value (USD) in 2023 $145.92 Billion
Forecasted Market Value (USD) by 2027 $163.71 Billion
Compound Annual Growth Rate 2.9%
Regions Covered Global
*Key Topics Covered*
*1. Executive Summary*
*2. Casino Market Characteristics*
*3. Casino Market Trends And Strategies*
*4. Casino Market - Macro Economic Scenario*
4.1. COVID-19 Impact On Casino Market
4.2. Ukraine-Russia War Impact On Casino Market
4.3. Impact Of High Inflation On Casino Market
*5. Casino Market Size And Growth*
5.1. Global Casino Historic Market, 2017-2022, $ Billion
5.1.1. Drivers Of The Market
5.1.2. Restraints On The Market
5.2. Global Casino Forecast Market, 2022-2027F, 2032F, $ Billion
5.2.1. Drivers Of The Market
5.2.2. Restraints On the Market
*6. Casino Market Segmentation*
6.1. Global Casino Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
· Gambling Machines
· Gaming Tables
· Other Types
6.2. Global Casino Market, Segmentation By Channel Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
· Offline
· Online
6.3. Global Casino Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
· Roulette
· VR
*7. Casino Market Regional And Country Analysis*
7.1. Global Casino Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
7.2. Global Casino Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
*A selection of companies mentioned in this report includes:*
· 888 Holdings PLC
· Boyd Gaming Corporation
· Caesars Entertainment Corporation
· City of Dreams Manila
· Delaware Park Casino & Racing
· Dover Downs Hotel & Casino
· Eldorado Resort Casino
· Foxwoods Resort Casino
· Galaxy Entertainment Group Ltd.
· Golden Nugget Atlantic City Hotel Casino & Marina
· Harrington Raceway & Casino
· LC International Limited
· MGM Resorts International
· Palms Casino Resort
· Penn Entertainment Inc.
For more information about this report visit https://www.researchandmarkets.com/r/g28o5j
*About ResearchAndMarkets.com*
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
*Attachment*
· Global Casino Market
CONTACT:
CONTACT: ResearchAndMarkets.com
Laura Wood,Senior Press Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./ CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900