Casino Growth Rate
- Growth Rate Meaning
- Casino Growth Rate Historical
- Growth Rate Formula
- Casino Growth Rate Historical
- Casino Revenue Growth Rate
- Casino Growth Rate
- Revenue growth Comment: Casinos & Gaming Industry realized contraction in Revenue by -81.97% in 3 Q 2020 year on year. Sequentially Revenue grew by 497.96%. Within Services sector 15 other industries have achieved higher Revenue growth. Revenue decline overall ranking has deteriorated compare to previous quarter from to 101.
- REITs make most of their income from rent payments from casino operators, but those rent rates are sometimes tied to revenue growth at the casino. Over the long term, their incentive is to see.
- Future Competition: Jena Choctaw Pines Casino's Fastest Growing Competitors These companies are in the same general field as Jena Choctaw Pines Casino and are rapidly expanding. Companies may grow organically or through acquisition. In some cases apparently high growth rates may be caused by data that weren't available in previous years.
Employment of gaming services workers is projected to grow 10 percent from 2019 to 2029, much faster than the average for all occupations. Growth will vary by detailed occupation (see table). Because gambling managers is a small occupation, however, the fast growth will result in only about 500 new jobs over the 10-year period.
News2013 Report Shows Commercial Casino Industry’s Highest Growth Rates Since Recession
Press Release
In 2012, the national commercial casino industry saw its second-largest gross gaming revenues ever, according to a national economic impact study released today by the American Gaming Association (AGA). The annual State of the States: The AGA Survey of Casino Entertainment shows an industry that has now seen three consecutive years of escalating growth—reaching its highest levels of gross gaming revenues since prior to the recession that began in 2008.
The 2013 report also includes public opinion polling indicating that an overwhelming majority of American adults view casino gaming as acceptable for themselves or others.
“After three years of increasing growth and positive signs in all sectors of the industry, it’s clear that we have weathered the recession,” said Frank J. Fahrenkopf, Jr., president and CEO of the AGA. “Whether we look at jobs, casino visitors served or tax revenues being provided, the bottom line is that there is much to be optimistic about in the commercial casino industry.”
The latest edition of State of the States reveals that in 2012, gross gaming revenue at commercial casinos rose 4.8 percent to $37.34 billion. States and local communities benefitted from $8.6 billion returned from this revenue in the form of gaming tax contributions. This represents an 8.5 percent increase over 2011 figures. Furthermore, the jobs created by the commercial casino industry continue to provide vital employment opportunities for more than 330,000 workers across the country; in 2012, these men and women earned $13.2 billion in wages, benefits and tips, a 2.3 percent increase over 2011 figures
“At a time when many industries are still feeling the lingering effects of the so-called Great Recession, gaming companies are going strong,” Fahrenkopf said. “We continue to provide much-needed jobs and tax revenue at a time when both are greatly needed.
Fifteen of the 22 states that had commercial casinos operating during 2011 saw their gross gaming revenues increase during 2012, and casino expansion played a large role in the industry’s growth. The states that saw the greatest increases in gaming revenue were previously underserved markets where new casinos have recently opened, such as Maryland, Kansas, Maine, New York and Ohio (which became the 23rd commercial casino state last year). Gaming revenues also were boosted by an improving overall economy.
Another economic highlight for the industry is the gaming equipment manufacturing sector. As in years past, the 2013 State of the States included research on this sector conducted by advisory services firm Applied Analysis on behalf of the Association of Gaming Equipment Manufacturers. Its data show that the sector’s direct output rose to $13 billion last year—an all-time high and a 5.7 percent increase over 2011 figures. Gaming equipment manufacturers also provided direct employment to approximately 31,200 workers who earned $2.3 billion in salaries and wages.
Additionally, the report highlights public polling data that paints a picture of casino customers and their behavior. In the past 12 months, more than one-third (34 percent) of Americans visited casinos. Aside from just gambling, these patrons took advantage of many more entertainment options: more than two-thirds (69 percent) of casino-goers ate in a fine dining restaurant; 55 percent saw a show, concert or other form of live entertainment; and nearly half (45 percent) visited a bar or club. In fact, about one-quarter (26 percent) of casino visitors say they never or rarely gamble when they visit casinos.
Along with the public opinion polling, for the first time ever, State of the States features additional polling of young adults, ages 21-35, who had visited a casino in the past year. The results show similar overall gambling habits to those of the general visitor population. However, some notable differences—which give insight into the future of the casino industry— include the fact that young adults have the highest rate (39 percent) of casino visitation compared to other age groups. In addition to visiting casinos at a higher rate, young adult casino-goers are more likely to come back, as 90 percent said they plan to return to a casino in the next year (compared with 79 percent of the general population of casino-goers who said the same). These young adults also are more likely to utilize all categories of non-gaming amenities such as dining, shopping or live entertainment.
Also of note, a strong majority (85 percent) of Americans view casino gaming as acceptable for themselves or others. This figure represents the highest acceptability level in the last decade. Further, young adults are even more favorable toward casino gaming, with 89 percent of those ages 21-39 saying it is acceptable for themselves or others.
Widely regarded as the most comprehensive resource of its kind, State of the States offers an in-depth look at the commercial casino industry and provides national and state-by-state economic impact data, such as gaming revenues, tax contributions and employment and wage figures for the 23 U.S. commercial casino states operating in 2012. Public polling data included in the report were collected by VP Communications Inc. in conjunction with national pollster Peter D. Hart. A full copy of the 2013 State of the States can be downloaded at http://www.americangaming.org/industry-resources/research/state-states. Media representatives may obtain a copy by contacting Press Secretary at 202-552-2675 or [email protected]
For all the latest AGA and industry news follow the AGA on Twitter via @AmerGamingAssn and “like” us on Facebook atwww.facebook.com/americangaming.
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The American Gaming Association (AGA) is the national trade association for the commercial casino industry. In addition to representing the interests of its members on federal legislative and regulatory issues, the AGA serves as a clearinghouse for information, develops educational and advocacy programs, and provides leadership on industry-related issues of public concern.
LONDON--(BUSINESS WIRE)--Technavio has been monitoring the casino gaming equipment market and it is poised to grow by $ 43.3 bn during 2020-2024, progressing at a CAGR of about 10% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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Frequently Asked Questions:
Growth Rate Meaning
- What are the major trends in the market?
Liberal regulations introduced by several governments is a major trend driving the growth of the market. - At what rate is the market projected to grow?
The year-over-year growth for 2020 is estimated at 9.70% and the incremental growth of the market is anticipated to be $ 43.3 bn. - Who are the top players in the market?
Ainsworth Game Technology Ltd., AMATIC Industries GmbH, APEX pro gaming a s, Aristocrat Leisure Ltd., Eclipse Gaming Systems LLC, International Game Technology PLC, Konami Holdings Corp., Novomatic AG, Scientific Games Corp., and Universal Entertainment Corp., are some of the major market participants. - What is the key market driver?
The expansion of casinos is one of the major factors driving the market. - How big is the APAC market?
The APAC region will contribute 37% of the market share.
The market is concentrated, and the degree of concentration will accelerate during the forecast period. Ainsworth Game Technology Ltd., AMATIC Industries GmbH, APEX pro gaming a s, Aristocrat Leisure Ltd., Eclipse Gaming Systems LLC, International Game Technology PLC, Konami Holdings Corp., Novomatic AG, Scientific Games Corp., and Universal Entertainment Corp. are some of the major market participants. The expansion of casinos will offer immense growth opportunities. To make most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
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Casino Gaming Equipment Market 2020-2024: Segmentation
Casino Gaming Equipment Market is segmented as below:
- Type
- Casino Tables
- Slot Machines
- Gaming Chips
- Video Poker Machines
- Others
- Geography
- North America
- APAC
- Europe
- South America
- MEA
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Casino Gaming Equipment Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The casino gaming equipment market report covers the following areas:
Casino Growth Rate Historical
- Casino Gaming Equipment Market Size
- Casino Gaming Equipment Market Trends
- Casino Gaming Equipment Market Industry Analysis
This study identifies liberal regulations introduced by several governments as one of the prime reasons driving the casino gaming equipment market growth during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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Casino Gaming Equipment Market 2020-2024: Key Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist casino gaming equipment market growth during the next five years
- Estimation of the casino gaming equipment market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the casino gaming equipment market
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of casino gaming equipment market vendors
Table of Contents:
Growth Rate Formula
Executive Summary
Market Landscape
- Market ecosystem
Market Sizing
Casino Growth Rate Historical
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019 - 2024
Five Forces Analysis
- Five forces summary
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Type
- Market segments
- Comparison by Type
- Casino tables - Market size and forecast 2019-2024
- Slot machines - Market size and forecast 2019-2024
- Gaming chips - Market size and forecast 2019-2024
- Video poker machines - Market size and forecast 2019-2024
- Others - Market size and forecast 2019-2024
- Market opportunity by Type
Customer Landscape
Geographic Landscape
Casino Revenue Growth Rate
- Geographic segmentation
- Geographic comparison
- North America - Market size and forecast 2019-2024
- APAC - Market size and forecast 2019-2024
- Europe - Market size and forecast 2019-2024
- South America - Market size and forecast 2019-2024
- MEA - Market size and forecast 2019-2024
- Key leading countries
- Market opportunity by geography
- Volume driver - Demand led growth
- Market challenges
- Market trends
Vendor Landscape
- Vendor landscape
- Landscape disruption
- Competitive scenario
Casino Growth Rate
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- Ainsworth Game Technology Ltd.
- AMATIC Industries GmbH
- APEX pro gaming a s
- Aristocrat Leisure Ltd.
- Eclipse Gaming Systems LLC
- International Game Technology PLC
- Konami Holdings Corp.
- Novomatic AG
- Scientific Games Corp.
- Universal Entertainment Corp.
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
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