• About Us
  • The Team
  • Advertise with Us

The latest news on the gaming industry in Asia

() () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () ()
  • Home
  • Macau
  • Philippines
  • Singapore
  • Japan
  • Rest of Asia
  • World
  • Features
  • Industry Talk
  • Trends & Tech
  • follow
    • Facebook
    • Twitter
    • RSS Feed
    • LinkedIn

U.S. casino market US$93 bln by 2020: research report

Jan 26, 2016 Newsdesk Latest News, Top of the deck, World  


U.S. casino market US$93 bln by 2020: research report

The casino gaming market in the United States could reach revenues worth US$93 billion by 2020 according to a summary of a new study made by market research brand Technavio.

“The tourism industry in the country has recovered since the end of the economic recession, growing at a CAGR [compound annual growth rate] of over 7 percent until 2015,” said Faizan Akthar, Technavio’s lead market research analyst for the media and entertainment sector, as quoted in a press release summarising the findings of the study.

“The U.S. is one of the few countries that allow advertisements for casinos, thus encouraging local level marketing by casinos. This strategy has increased the number of tourists interested in gambling in the country,” added the analyst.

The American Gaming Association (AGA), a casino industry trade body, said – in its most recent ‘State of the States’ report on the U.S. industry in May 2014 – that U.S. casinos had generated total revenues of more than US$81 billion in the previous 12-month period it analysed. Of that, US$67 billion was said to have come directly from gambling. The AGA tally included revenues from casinos owned by Native American tribes – a sector referred to in U.S. regulatory circles as “tribal gaming”.

“Many casinos are adopting alternate methods to increase their customer base and expand their business in the U.S.,” noted Technavio’s Faizan Akthar.

“For example, casinos are collaborating with prominent luxury hotels to offer entertainment options. Slot machines are often placed at restaurants, bars, and other attractions to reach out to potential customer,” the analyst added.

Technavio is a market research brand based in the United Kingdom with offices in Canada, the United States, India and China.

In a note on January 12, Deutsche Bank Securities Inc said it expected the Las Vegas Strip to have marked in 2015 the “best domestic gaming trend year since 2011”.

For the first 11 months of 2015, gaming revenue – officially classified as ‘gaming win’ – for the Las Vegas Strip was down 2.8 percent to US$6.3 billion, show data disclosed on December 30 by the Nevada Gaming Control Board. The Strip’s revenue in November was up by 5.4 percent year-on-year.

Some investment analysts have said that Las Vegas could benefit from increased numbers of Chinese tourists as well as from domestic demand in the United States.

“Thanks to the looser visa policy since November 2014 (Chinese tourists can now apply for a 10-year multiple-entry visa), the U.S. ranking rose from 2013’s sixth to fourth in 2015,” said brokerage CLSA Ltd in a recent report, referring to proprietary research on the behaviour of outbound Chinese tourists and the most popular destinations for travel.


  • tweet
Related articles
  • Resorts World Las Vegas set to open June 24
    Resorts World Las Vegas set to...

    Apr 20, 2021  

  • G2E Asia to host online expo, conference on May 25
    G2E Asia to host online expo,...

    Mar 30, 2021  

More news
  • Launch of Tigre de Cristal phase 2 now 2023: promoter
    Launch of Tigre de Cristal phase 2 now...

    Apr 23, 2021  

  • Melco Resorts 2021 revenue likely 50pct of 2019: Moody’s
    Melco Resorts 2021 revenue likely 50pct...

    Apr 23, 2021  


Latest News

Launch of Tigre de Cristal phase 2 now 2023: promoter

Launch of Tigre de Cristal phase 2 now 2023: promoter

Apr 23, 2021  

Hong Kong-listed Summit Ascent Holdings Ltd, the promoter of the Tigre de Cristal casino resort (pictured) in Vladivostok, Russia, said the firm is now targeting the launch of the “first stage”...
Read More
Melco Resorts 2021 revenue likely 50pct of 2019: Moody’s

Melco Resorts 2021 revenue likely 50pct of 2019: Moody’s

Apr 23, 2021  

SuzoHapp says higher prices due to shortages, logistics 

SuzoHapp says higher prices due to shortages, logistics 

Apr 23, 2021  

Grand Lisboa Palace has passed final inspections: SJM

Grand Lisboa Palace has passed final inspections: SJM

Apr 23, 2021  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Pick of the Day

”At Grand Lisboa Palace, we have passed several of the final government inspections, and we expect to receive our operating permit soon”

Ambrose So

Chief executive of Macau casino operator SJM Holdings



Most Popular

  • GEN Malaysia likely 2021 loss amid pandemic: MaybankGEN Malaysia likely 2021 loss amid pandemic: Maybank April 21, 2021
  • NUSTAR complex in Cebu slated to open 2022: UHRINUSTAR complex in Cebu slated to open 2022: UHRI April 16, 2021
  • Macau gaming demand recovering comfortably: analystsMacau gaming demand recovering comfortably: analysts April 20, 2021
  • Talks on NagaWorld lay-offs amid pandemic: sourceTalks on NagaWorld lay-offs amid pandemic: source April 19, 2021
  • Galaxy Ent launches voluntary exit scheme for pit bossesGalaxy Ent launches voluntary exit scheme for pit bosses April 22, 2021
Copyright 2014-2021 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us