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          1. Gambling Industry Profile

            Report Page Length: 10-12
            Last Quarterly Update: 8/24/2020
            SIC Codes: 7011, 7993, 7999
            NAICS Codes: 7132, 72112
            Chapters Include:
            Industry Overview Trends & Challenges Industry Forecast
            Quarterly Industry Update Call Prep Questions Website & Media Links
            Business Challenges Financial Information Glossary & Acronyms
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            Excerpt from Gambling Industry Profile

            Companies in this industry operate gambling facilities or offer gaming activities. Major companies include US-based casino operators Las Vegas Sands, MGM Resorts, and Wynn Resorts, as well as Galaxy Entertainment (Hong Kong), SJM Holdings (Hong Kong), Tabcorp (Australia), International Gaming Technology (UK), and William Hill (UK).

            The global gambling industry’s gross yield — gaming income minus payouts to winners — was more than $435 billion in 2017 and is expected to hit $500 billion by 2022, according to Global Betting & Gaming Consultants. Major casino gaming markets outside the US include Macau, Singapore, Australia, and South Korea. Revenue is expected to grow steadily as casinos continue to expand in new markets, specifically in Asia.

            The US gambling industry includes more than 3,200 establishments with combined annual revenue of more than $100 billion. Major segments include about 460 commercial casinos, about 500 Indian casinos, and more than 40 state lotteries, as well as bingo parlors, off-track betting facilities, electronic betting arcades, and sports bookmakers. The casino operations of casino resorts and hotels are included in the industry.

            COMPETITIVE LANDSCAPE

            Demand for gambling is driven by consumer income growth and state spending. The profitability of individual companies depends on efficient operations and effective marketing. Large operators have the financial resources to make significant investments in facilities and efficient computer operations; they may also enjoy cross-marketing opportunities. Small gambling facilities can thrive by catering to ...

             
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