Casino Industry Growth Rate
- Casino Industry Growth Rate Historical
- Casino Industry Growth Rate
- Casino Industry Growth Rate Calculation
bV1sion provides an exclusive overview of the social casino market, including market GGR forecasts, regional split and growth rates, as well as the impact of the Covid-19 lockdown with bV1sion now forecasting upside to 2020 growth expectations
- The global gambling market size reached a value of nearly $449.3 billion in 2018, having grown at a compound annual growth rate (CAGR) of 4.1% since 2014, and is expected to grow at a CAGR of 5.9%.
- 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.
New York, NY, Oct 07, 2019 (WiredRelease): Market.us offers a 10-year forecast for the Global Casinos Market from 2019 to 2029. The report brings about the long-term and all-encompassing study of the ‘Casinos Market’ with all its important factors that might have a real impact on market growth. Compare the unemployment rate prior to the casino opening versus after. 2) Compare the casino host community after casino introduction with estimates based on its pre-casino trend. Compare the unemployment rate prior to the casino opening versus after. 3) Compare the casino host community with Massachusetts and the U.S.
The first quarter of the year has been dominated by the impact of the Covid-19 outbreak. This drove an acceleration of growth towards the end of the quarter and into early Q2, although there remains risk of a slowdown towards the end of the year if there is a significant economic downturn.
Global GGR forecasts (see Chart 1 below)
We forecast the global social casino market to grow by 6.4% in 2020, although the current run-rate is significantly ahead of this, and there is upside risk to our 2020 GGR forecast of $5.7bn.
However, given the potential for a slowdown towards the end of the year as the lockdown leads to a macro-economic slowdown, our full year forecasts remain unchanged at this moment in time.
Casino Industry Growth Rate Historical
Regional GGR split (Chart 2)
With the US by far the largest individual market, North America continues to drive the lion’s share of global revenues, representing 71% of the entire market.
While forecast to grow at a slower rate than other regions, its scale means that it continues to generate the highest growth of any region in dollar terms each year.
GGR growth by region (Chart 3)
Africa has the highest growth rate of 13% year-on-year, but this is being driven from a very low base. Therefore Asia arguably has the greatest growth opportunity outside of the US.
Although the Covid-19 outbreak has seen social casino growth generally accelerate across the board, China has seen a particularly pronounced uptick, although this is likely due to the length and severity of the lockdown in the region.
Covid-19 impact (Chart 4)
Analysis of industry growth rates shows a marked increase in GGR growth in March, which then accelerated into April.
Across March as a whole, year-on-year GGR growth accelerated by c.8% compared to that seen in February, and in April this had increased to 43% incremental GGR growth versus the start of 2020.
By contrast, downloads appear to have peaked, with the big increase in downloads occurring in March when the lockdowns started in many regions.
In terms of the components of the GGR growth, analysis of data from Mobile Action shows an increase in users, compounded by an increase in user rate, with daily active users (DAUs) increasing at a faster rate than users.
Casino Industry Growth Rate
This has been compounded further by an increase in average spend, with growth in daily average revenue per user (DARPU) growth also accelerating.
For 2020 as a whole, bV1sion forecasts an increase in daily average users (DAUs) of 0.9% after years of consecutive declines, and this number is likely to be revised up further if the lockdown continues.
While DARPU will continue to be the main driver of GGR growth (bV1ision forecasts DARPU growth in 2020 of 5.4%), the increase in DAUs – in part driven by an increase in the total user base – is a welcome positive for the industry.
About bV1sion
bV1sion is the social casino industry's leading market intelligence and data provide
bV1sion has a partnership with H2 Gambling Capital, which has a track record of 15 years focused on the global gambling industry; its projections have been influential in shaping legislators' and investors’ views of the gambling sector across the globe. bV1sion also has a media partnership with iGaming Business. For further information on bv1sion’s data and research please contact: [email protected]
Photo by Cristian Dina from Pexels
Dublin, Nov. 25, 2020 (GLOBE NEWSWIRE) -- The 'Analyzing the Global Casinos & Gambling Industry 2020' report has been added to ResearchAndMarkets.com's offering.
The global gambling industry has been severely affected by the COVID-19 pandemic. In the United States, the biggest gambling market globally, many states had to order temporary closure of the land casinos. Other countries also ordered the closure of the casinos to avoid the spread of the virus. The closure of the casinos and sportsbooks is going to have a massive impact on the industry. However, online gambling players like BetWinner have been offering their services and enjoying good fortunes even during this global health crisis. In fact, many online gambling sites have reported enjoying greater rates of engagement than ever before.
While online gambling always played an essential role in the global gambling industry, it is now expected that online gambling growth will be significantly greater than the land casino sector.
Gambling shares on the global stock markets have also witnessed a sharp decline. Due to this, several gambling companies like William Hill, VGC Holding, and The Stars Group have issued statements regarding the potential effect of the pandemic on their gambling/casino operations.
While the last decade has witnessed the shifting of the casinos and gaming center from Las Vegas and Atlantic City to Macau in China, there is no doubt that the gambling industry has taken a significant hit during the pandemic and it is likely to impact the performance of this industry in the coming decade.
Starting with an industry overview, the report analyzes the growth of the global casinos and gambling industry through an industry value analysis, a look at industry segmentation follows through categories and regions and a regulatory framework analysis. The impact of the COVID-19 pandemic on the global casinos and gambling industry is also looked at.
A Porter's Five Forces Strategy Analysis of the global casinos and gambling industry is included in the report. The Porter's analysis of the industry analyzes the industry through the bargaining power of buyers and suppliers, the competitive rivalry in the industry, threat of new entrants to the industry and the threat of substitutes to the industry.
An analysis of the major regions of the global casinos and gambling industry is carried out on the casinos and gambling industries in Asia Pacific, Europe, North America and South America. The markets in these regions are analyzed through industry statistics, industry growth analysis by value, industry segmentation and an industry forecast. Industry data is analyzed for the years 2014 to 2023.
Moving on to the analysis of the global online gambling industry, the industry is analyzed through an industry overview, industry growth analysis through value, industry revenue growth, industry segmentation, an analysis of the major products and services of the industry and an analysis of the major online gambling markets.
The major markets analyzed include Europe, France, United Kingdom and North America. The publisher also analyzes trends in the global online gambling industry, market share analysis, industry competition and a forecast for the industry till 2023.
A Porter's Five Forces Strategy Analysis of the Global Online Gambling Industry follows next. The analysis looks at the bargaining power of buyers and suppliers in the global online gambling industry, competitive rivalry in the industry and the threat of new entrants and substitutes to the industry.
An analysis of the factors impacting the global casinos and gambling industry looks at the impact of mergers and acquisitions on the industry, the impact of regulations, factors driving market demand, international trade and impact, industry costs, increasing globalization in the industry and the high barriers to industry entry.
A section is also dedicated to the growing market of online/mobile gambling versus traditional forms of gambling. A forecast of the global casinos and gambling industry till 2023 is included. The report also includes a coverage of the 10 biggest casinos in the world such as The Venetian Macao, the City of Dreams Casino, Casino Lisboa, and others.
Key Topics Covered:
A. Executive Summary
B. Industry Definition
C. Global Casinos & Gambling Industry
D. Global Casinos & Gambling Industry: Porter's Five Forces Strategy Analysis
E. Global Casinos & Gambling Industry: Analysis of Major Regions
F. Global Online Gambling Industry
G. Global Online Gambling Industry: Porter's Five Forces Strategy Analysis
H. Factors Impacting the Industry
I. Online/Mobile Gambling versus Traditional Gambling
J. Global Casinos & Gambling Industry: Analysis of Major Markets
K. Global Casinos & Gambling Industry: Future Perspective
L. Major Industry Players
M. Analysis of the 10 Biggest Casinos in the World
N. Glossary of Terms
Casino Industry Growth Rate Calculation
Companies Mentioned
- ALH Group Pty Ltd
- Aristocrat Leisure Limited
- Caesars Entertainment Corporation
- Caixa Economica Federal
- Camelot Group
- China LotSynergy Holdings Limited
- CIRSA Gaming Corporation SA
- Codere S.A.
- Crown Resorts Limited
- Florida State Lottery
- Flutter Entertainment Plc
- Gala Coral Group Limited
- Galaxy Entertainment Group Limited
- Gamehost Inc.
- Great Canadian Gaming Corporation
- Groupe FDJ
- Groupe Lucien Barriere SAS
- Groupe Partouche SA
- GVC Holdings Plc
- Kindred Group
- Ladbrokes Coral Group Plc
- Las Vegas Sands Corporation
- Loteria Nacional Sociedad del Estado
- Maruhan Corporation
- MGM Resorts International
- mybet Holding SE
- New York State Lottery
- Novamedia Holding B.V.
- ODS Oddset Deutschland Sportwetten GmbH
- Olympic Entertainment Group AS
- Ontario Lottery and Gaming Corporation
- Pari Mutuel Urbain (PMU)
- Rank Group Plc
- Ritzio International
- Saarland-Spielbank Gmbh
- SJM Holdings Limited
- Tatts Group Limited/ Tabcorp Holdings Limited
- Totalizator Sportowy Sp. z o.o.
- William Hill Plc
For more information about this report visit https://www.researchandmarkets.com/r/lbmcic
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