Global Casinos Market to Reach US$113 Billion by 2017, According to New Report by Global Industry Analysts, Inc.

GIA announces the release of a comprehensive global report on Casinos markets. The global market for Casinos is forecast to reach US$113 billion by the year 2017. Growth in the market would be driven by generation of incremental revenues from upcoming casino gaming facilities and the establishment of new casino gaming centers. Significant portion of revenue growth over the long term is expected to be skewed towards Asia-Pacific, following the resurgence in consumer spending, lifting of imposed restrictions, and opening of new casinos in attractive markets such as Singapore and Macau.

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Casinos: A Global Strategic Business Report

San Jose, California (PRWEB) March 26, 2012

Follow us on LinkedIn – Outlook for the world casino gaming sector hinges on how supply side changes would subjugate the cyclical effects hampering the sector growth over the past 2-3 years. Factors including launch of large resort casinos in countries including Singapore and changes in visa restrictions in Macau are likely to impact the global casino gaming market in the near term. The global economic crisis had a severe impact on the land-based casino industry as the credit markets considerably tightened and consumer discretionary spending plunged amidst high unemployment rate and low consumer confidence.

The casino gaming sector witnessed delays and postponements in expansion projects as well as new gaming ventures during the recession, displaying the gaming industry’s high sensitivity to economic downturns. Though the market is currently exhibiting signs of revival in certain countries, the challenges set by a wavering US recovery and the Eurozone debt crisis continues to undermine the overall growth in global casinos market. Market progress over the near term is expected to remain slow and would take some time before it achieves the previous highs recorded during the pre-crisis years. The industry continues to experience competition from the rapidly expanding online gambling and an increasing level of public endorsement. Recent trends suggest that major global gambling companies are looking to move large sections of their business online but are however faced with a strict regulatory environment.

As stated by the new market research report on Casinos, the US comprises the largest regional market. The nation continues to deal with intense inter-state competition as well as overseas competition. The impact of economic downturn varied across state, with casinos market in Nevada being the largest hit due to significant drop in foreign visitors. In future, besides the resurgence in economy, the US casinos market is expected to gain from increase in number of foreign visitors and the legalization of casino gambling in the state of Massachusetts. Among the regional markets worldwide, Asia-Pacific is expected to post the highest revenues growth over the analysis period. Various factors continue to shape the bright outlook for casino gaming in Asia-Pacific. The rising economy in the region continues to drive the growth of a thriving middle class and inflate the disposable incomes of consumers, extending the casino gaming sector with a potential opportunity to prosper. Further, the deep attachment of people in the region to various gambling formats including casino gaming is another key growth factor. In addition, the launch of new casinos with lucrative and enticing features in various traditional casino gaming centers such as Macau as well as new locations would have a positive impact in drawing more number of visitors.

Major players profiled in the report include Ameristar Casinos, Inc., Boyd Gaming Corporation, Century Casinos, Caesars Entertainment, Isle of Capri Casino Inc., Ladbrokes Ltd., MGM Resorts International, Station Casinos Inc., Sun International Ltd., and Wynn Resorts Limited.

The research report titled "Casinos: A Global Strategic Business Report" announced by Global Industry Analysts, Inc., provides a comprehensive review of trends, issues, strategic industry activities, and profiles of major companies worldwide. The report provides market estimates and projections (US$ Million) for global and regional markets including US, Canada, Europe (France, Germany, Italy, UK, Spain and Rest of Europe), Asia-Pacific (Macau, Australia and Rest of Asia-Pacific), Latin America, and Rest of World.

For more details about this comprehensive market research report, please visit –
http://www.strategyr.com/Casinos_Market_Report.asp

About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes more than 1300 full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.

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