Tag Archives: revenue

Technavio: Top 5 Vendors in the US Casino Gaming Market from 2017 to 2021

Gambling is one of the significant sources of revenue in the US because due to the high taxes attached to it in the country. This revenue is invested in public as well as private sectors that help in creating employment opportunities in the region. This is encouraging the government to legalize various forms of gambling that includes casino gaming. Thus, the easing of government regulations is expected to stimulate growth in the US casino gaming market during the forecast period. Furthermore, this industry research report also presents a competitive analysis of the market by platform (online and traditional), by type (commercial, tribal, limited stakes, and iGaming), and by game type (poker, blackjack, slot machines, roulette, and others).

Competitive vendor landscape

The casino gaming market in the US is highly competitive with major vendors such as Boyd Gaming, Caesars Entertainment, INTRALOT, Las Vegas Sands, MGM Resorts, Penn National Gaming, and Wynn Resorts competing based on price, quality, and market presence.

“The reconfigurable electronic gaming machines are gaining immense popularity owing to their benefits, such as easy to update, upgrade, and user-friendly. Unlike the conventional type of machines, electronic gaming machines can be reused, which reduces the inventory cost for vendors. Thus, the increasing popularity of reconfigurable electronic gaming machines will fuel the market growth during the next five years,” says a senior analyst at Technavio.

Top five US casino gaming market vendors

Boyd Gaming

Boyd Gaming has operations in about 25 gaming entertainment properties located in Nevada and several other US states. Besides Nevada, the company has casinos in Illinois, Kansas, Indiana, Iowa, Mississippi, and Louisiana, among others. Boyd Gaming operates three main segments Midwest and South, Downtown Las Vegas, and Las Vegas Locals.

Caesars Entertainment

Caesars Entertainment owns and operates almost 50 casinos, majorly in the US under brand names that include Caesars, Harrah’s, and Horseshoe. Its major properties include Horseshoe, Harrah’s, Rio casinos, Caesars Palace, Planet Hollywood on the Vegas Strip, and Paris Las Vegas. The company’s operations comprise hotels, riverboat casinos, and gaming establishments.

INTRALOT

INTRALOT is an entertainment corporation that owns and operates gambling, lottery, and betting businesses. INTRALOT is a supplier of innovative game content, integrated gaming, interactive gaming services, racing management, sports betting, and transaction processing systems. It offers 400 types of games and has a presence in 57 jurisdictions in all five continents.

Las Vegas Sands

Las Vegas Sands owns and operates integrated resorts that feature celebrity chef restaurants, convention, and exhibition facilities, entertainment and retail centers, premium accommodation, gaming facilities, and other amenities. It generates revenue from gaming facilities, food and beverage services, and retail.

MGM Resorts

MGM Resorts International owns and operates integrated hotels, casinos and entertainment resorts in the United States and Macau. The company operates through three segments: MGM China, Las Vegas Strip Resorts, and Regional Operations. Its casino resorts offer convention, hotel, gaming, dining, entertainment, retail, and other resort amenities. The company’s casino operations include table games and race, slots and sports book wagering.

Commercial Casino Gaming Revenue Reaches $41.7 Billion in 2018, an All-Time High

Gaming revenue for the U.S. commercial casino industry reached an all-time high of $41.7 billion in 2018, up 3.5 percent from the previous year, according to data released today in the American Gaming Association’s (AGA) State of the States 2019: The AGA Survey of the Commercial Casino Industry. 

Key findings from the State of the States 2019 report include:

  • The commercial casino sector—with 465 casinos—logged its fourth consecutive year of gaming revenue growth and outpaced the national economic growth rate in 2018;
  • The industry generated $9.7 billion in gaming taxes for state and local governments, a number that does not account for the billions more in sales, income and other taxes that benefit communities; and
  • Half of the 24 states with commercial casinos reported record annual gaming revenue with nearly every state seeing gains in 2018, contributing to the strength of local economies across the country.

“Year after year, the commercial casino industry has reaffirmed its role as an economic powerhouse in the United States,” said Bill Miller, president and CEO of the American Gaming Association. “More people than ever are experiencing the economic and social benefits of gaming in their communities, due in part to the expansion of legal sports betting across the country.”

(PRNewsfoto/American Gaming Association)

The rapid expansion of legalized sports wagering following the Supreme Court decision to overturn the Professional and Amateur Sports Protection Act (PASPA) in May 2018 played a role in the industry’s record year. Total industrywide revenue from sports betting grew to $430.2 million in 2018, up from $261.3 million in 2017. AGA anticipates this growth to continue as additional states legalize and regulate sports wagering.

“Growth in the commercial gaming sector enables the industry to continue to reinvest in communities, enhance partnerships with small businesses and nonprofits and provide career opportunities for nearly two-million American workers,” Miller added.

AGA’s annual State of the States report details the commercial gaming industry’s financial performance, including analyses of each of the 24 states with commercial gaming operations. The report, developed with Gambling Compliance, also provides a breakdown of the legality of types of gaming and number of casinos by state, summarizes major gaming policy discussions and previews opportunities and challenges for the industry.