Global Casinos and Online Gambling Industry Market Research Report Now Available from IBISWorld

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Casino openings in Singapore, China and other Asian countries are giving the traditional, US gambling meccas of Las Vegas and Atlantic City a run for their money. The Global Casinos and Online Gambling industry overall grew in the five years through 2012, and is expected to continue to enjoy growth in the five years to 2017 as more locations legalize gambling. For these reasons, industry research firm IBISWorld has added a report on the Global Casinos & Online Gambling industry to its growing industry report collection.

IBISWorld Market Research

IBISWorld Market Research

Since early 2008, the center of the Global Casinos and Online Gambling industry has progressively shifted from Las Vegas and Atlantic City to Macau in China, according to IBISWorld industry analyst Craig Shulman. This shift of the industry's activities to Asia is expected to continue. Assisting the shift has been the recent casino openings in Macau. Casino openings in other parts of Asia are expected in the near term as well. Singapore, with its two mega-casino developments, has already made a significant splash and now rivals 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.

In 2012, the Global Casinos and Online Gambling industry is expected to generate revenue of $126.6 billion, representing a 5.7% rise from the previous year, with annualized growth of 2.3% over the five years through 2012. This growth will be due to the continued rise of Asian gaming markets from the depths of the economic recession in 2009. However, established markets such as the United States and Europe, particularly Las Vegas, will remain flat, as they have struggled to recover from the economic turmoil, Shulman says. Over the next five years, the opening of new offline and online markets will continue to spur growth as the global economy recovers. The new markets will allow greater access to gaming activities, as governments seek greater access to money through gaming deregulation. Over the next five years, revenue is expected to grow.

IBISWorld estimates that the top four players account for about a quarter of the available market share, providing this industry with a low level of concentration. With the 2005 merger between Caesars and Harrah's and MGM and Mandalay, these two operators are estimated to have a dominant position in the US segment of this industry, and with the ability to expand internationally. The level of industry concentration is increasing significantly among mega-casino operators, which are expanding internationally. For instance, expansion by casino operators such as Las Vegas Sands and Genting Berhad to both North American and Asian locations during the past decade is leading to overall industry revenue growth as more locations legalize casino operations. The level of industry concentration is expected by IBISWorld to increase slowly over the next five years, due to some continuing mergers and international expansion and acquisition by the largest operators. For more information, visit IBISWorld’s Global Casinos and Online Gambling industry report page.

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IBISWorld industry Report Key Topics

This report relates to legal casino gaming within premises licensed and supervised by national or sub-national government. It also includes legal online gaming on casino-type games.

Industry Performance
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
Products & Markets
Supply Chain
Products & Services
Major Markets
Globalization & Trade
Business Locations
Competitive Landscape
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Barriers to Entry
Major Companies
Operating Conditions
Capital Intensity
Key Statistics
Industry Data
Annual Change
Key Ratios

About IBISWorld Inc.
Recognized as the nation’s most trusted independent source of industry and market research, IBISWorld offers a comprehensive database of unique information and analysis on every US industry. With an extensive online portfolio, valued for its depth and scope, the company equips clients with the insight necessary to make better business decisions. Headquartered in Los Angeles, IBISWorld serves a range of business, professional service and government organizations through more than 10 locations worldwide. For more information, visit http://www.ibisworld.com or call 1-800-330-3772.

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Gavin Smith
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