Casino Industry Stocks

With the passing of time, the gambling and gaming industry has exhibited numerous transformations over the course of the past decades. Now, in the modern world, these changes remain and have evolved to include technological advancements. With the commencement of cryptocurrency in casinos last year, many forecasts that this year should be another interesting one that is set with new trends to redefine and transform complete areas of this huge industry. Hereunder are some of the top gambling and gaming trends for online and real casinos in 2021 and the top statistics which may impact the entire casino industry:

  1. Global Casino Gaming Market Outlook. Casino gaming industry has always been a distinctive source of entertainment for its customers and a focus for government regulation spotlight. New opportunities are generating in emerging markets for new and existing players which will boost the casino gaming industry across the globe.
  2. Industry market research reports, statistics, analysis, data, trends and forecasts. Find industry analysis, statistics, trends, data and forecasts on Casino Hotels in the US from IBISWorld. Get up to speed on any industry with comprehensive intelligence that is easy to read.

Crypto Set to Dominate Around the Gambling World

Cryptocurrencies will continue to dominate the gambling industry, with many online platforms accepting the crypto this year. Many people enjoy and prefer these transactions from deposits, withdrawals, and gameplay in Bitcoin and other digital currencies because of security and anonymity. Traditional payments will still remain an option for the biggest gambling sites, but now, cryptocurrencies are slowly replacing these old methods because many just prefer being anonymous and untraceable, especially with something as sensitive as gambling. On top of that, the added security of crypto makes consumers feel more at ease because identity theft and hacking are minimized. Thus, crypto has grown to become the prime and preferred choice for many gamers, and it will continue to be this way for the forthcoming years.

Best Casino Stocks To Buy Caesar’s Entertainment (NASDAQ: CZR) Caesar’s Entertainment is the largest casino company in the United States. In July 2020, the original Caesar’s Entertainment merged with Eldorado Resorts.

Access Even in Restricted Areas of Gaming

Because cryptos brought to the gambling world anonymity and it is virtually untraceable because people do not tie in their personal information with this digital currency, this has allowed many players from around the world to access and play online gambling games in localities that originally restricted and outlawed. Imagine that there has been a rise in online gambling sites in places that have banned physical casinos because of the protection accorded by cryptocurrency. To illustrate, a country like Taiwan with strict regulations is now seeing a rapid growth of online gambling sites which take cryptocurrencies as a mode of payment. Sites like Online Casino TW engage Taiwanese players to peruse and enjoy gaming through a variety of online casinos that accept Bitcoin. This growing demand will keep improving over the next couple of years as online casinos grow confident to promote and expand in these areas. Tapping this under-served market is now given primary concern because of the large volume of possible revenue that can be taken from these markets.

Changing Consumer Habits Quickly

With every person having their mobile device, both mobile and social gaming have a huge impact on the online gambling world. There has been an increase in people choosing to use their phones for gaming. As a result, there have been an increase in F2P (free-to-play) types of game products worldwide. While F2P games do not make direct profits and income and are seen as more for entertainment, revenue can still be made in other ways. Often players pay a small fee to upgrade their favorite game to access certain features. They also willingly pay a minimal amount when they buy different kinds of virtual offerings and game products for the improvement of their gaming experience. This shows that people are willing to spend on entertainment, and even something deemed as free, is not totally free at all. Both online and casino operators are hard at work to leverage this data to their advantage because these F2P players are potential clients, and they have strength in numbers, which one tapped will boost revenue in massive proportions.

Dealing with More Live Dealers

Players show preference over online casinos that show a realistic real live casino from their homes. They enjoy an engaging “real, live” dealer, which is the primary reason they started this gaming habit while never having to leave the house. Thus, more online casinos are using this information to gain leverage for the benefit of their online sites. On top of that, they beef up the same angle in the brick-and-mortar casino as well. For instance, the use of dynamic, lively dealers in games like Blackjack and Baccarat are popular with online casinos, and many real casinos concentrate their efforts on providing engaging dealers on the casino floor. Ever since the casino industry started, consumers have always been drawn to dealers who possess quick wit and charm. There is just something about this human interaction that makes it tempting for people to play more and stay longer. With advanced technology, dealers look real and just as engaging online.

VR Based Gaming on the Rise

Virtual Reality or VR is another nifty invention that paves the way for a more immersive casino experience. With more VR accessories readily available to the general public, the push for VR-based casinos to evolve is on the horizon and is only a matter of time before everyone has easy access to these virtual reality casinos from the comforts of their own home. Net Entertainment, one of the gambling world’s best and most popular software providers, had recently shown and proven that they are ready to upgrade when they showed a demo of their virtual reality version of their in-demand Jack and the Beanstalk slot machine game. Now, there is a strong outcry for the release of more VR versions of their other popular games.

Land Based Casinos on a Decline

Land-based casinos are feeling the burn from their online versions and are facing a rapid decline with the recent popularity of online gambling sites. There has been a decrease in rates over the past year, especially since people need to make an effort to make their way down to a real casino. These brick-and-mortar casinos are concentrated in one area, such as Las Vegas or the Jersey Shore. People have to spend a lot of money to get themselves to these brick-and-mortar casinos. The amount of money and time wasted before a client can play a game is already exorbitant before he or she even gets to the actual casino. Because of this, consumers are opting to save their transport and other incidental costs, and they channel these figures to online gaming, where they can use their money for bets instead. Online casinos have the edge because they offer more privacy and more convenience to their players. On top of that, online casinos also offer a better and more vibrant gaming experience. Some online casinos have numerous games to offer that players are hard-pressed to choose. These games even go through routine upgrades, so clients will always enjoy their experience. This is something that land-based casinos cannot be at par with because of their limited games.

Upgrade of Slot Machines

As casinos attempt to attract the younger generation, the industry will continue to incorporate slot machines that are equipped have a skill element. After all, younger guests are adept at these types of gaming features found in their many video games and gaming consoles they grew up playing. This proves that people really want to be engaged and entertained at all times. If they are presented with something that is redundant, they will undoubtedly get bored. And like a casino operator, this is something that you do not want to happen to your clients because the moment they begin to feel bored, that’s when they entertain thoughts of leaving to find other things to do. Upgrading those slot machines means continuous gaming that feels new and fresh.

Interactive Gaming Systems Modify Interaction

Many online casinos deliver the best online content to meet and address their numerous guests’ expectations. Thanks to technological improvement, users can access entertaining and engaging online games in a more luxurious lounge setting through touch-enabled kiosks, wall panels, and tables. Interactive gaming systems have the power to merge the popularity of online and social gaming to the real casino floor. The name of the game has always been interactive gaming, which is why even when the current casino goers were young, they already enjoyed interactive gaming experiences with their old Atari, Sega, or Nintendo interactive gaming systems.

Introduction of New Table Games

There are games like blackjack and poker that need a level of mastery to play correctly and to increase the odds of winning. Unfortunately, not everyone has this skill, so they are on the lookout for games that may be challenging but are easier to learn. As a result, casino operators continue to bring new table games to the floor to see which ones become popular. In addition, as guests become more familiar with online and social games, they are drawn to the same types of games on the casino floor, which is why there has been a rise in interactive gaming systems in brick and mortar casinos.

Smartwatches Bring New iGaming Experience.

Gambling Stocks To Buy

Placing bets via a smartwatch is now a very real thing. In the past few years, people have been using their cellphones and tablets to connect to online casinos. Now, smartwatches are set to take over as a more convenient and accessible option. Others have predicted that the smartwatch industry will reach its global worth of almost $33 billion by 2021, and gambling is slated to be a part of this enormous trend. Wearable technology has always been popular, and it will continue to be so in the coming years with more gaming software developers crafting new games that can be easily integrated into all devices.

Whether online or real casinos, the operator’s goal would be to always give the clients what they want. Aside from providing a high level of customer service, fine dining, rewards programs, and incentives, the primary motivation is to give the best gaming entertainment. Now, the trend is to mix the best of interactive online gaming systems and technologies with the traditional charm of the older live-based casino.

LONDON--(BUSINESS WIRE)--Technavio has been monitoring the casinos and gambling market and it is poised to grow by $ 82.09 billion during 2020-2024, progressing at a CAGR of over 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.
Click & Get Free sample report in minutes

Impact of COVID-19
The COVID-19 pandemic continues to transform the growth of various industries, however, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. COVID-19 will have a low impact on the casinos and gambling market. The market growth in 2020 is likely to increase compared to the market growth in 2019.

Frequently Asked Questions:

  • What are the major trends in the market?
    The legalization of gambling is a major trend driving the growth of the market.
  • At what rate is the market projected to grow?
    The market will accelerate at a CAGR of over 10% and the incremental growth of the market is anticipated to be $ 82.09 billion.
  • Who are the top players in the market?
    Boyd Gaming Corp., Caesars Entertainment Corp., Crown Resorts Ltd., Flutter Entertainment Plc, Galaxy Entertainment Group Ltd., Golden Entertainment Inc., Las Vegas Sands Corp., MGM Resorts International, SJM Holdings Ltd., and William Hill Plc, are some of the major market participants.
  • What is the key market driver?
    The growing popularity of online gambling is one of the major factors driving the market
  • How big is the North America market?
    The North America region will contribute 50% of the market share

Related Reports on Consumer DiscretionaryInclude:

  • Bicycle Motors Market by Type and Geography - Forecast and Analysis 2020-2024- The bicycle motors market size has the potential to grow by 7793.49 thousand units during 2020-2024, and the market’s growth momentum will decelerate during the forecast period. To get extensive research insights: Click and get FREE sample report in minutes
  • Hiking and Trail Footwear Market by Product and Geography - Forecast and Analysis 2020-2024- The hiking and trail footwear market size has the potential to grow by USD 3.78 billion during 2020-2024, and the market’s growth momentum will accelerate during the forecast period. To get extensive research insights: Click and get FREE sample report in minutes
Casino Industry Stocks

Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free.

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Boyd Gaming Corp., Caesars Entertainment Corp., Crown Resorts Ltd., Flutter Entertainment Plc, Galaxy Entertainment Group Ltd., Golden Entertainment Inc., Las Vegas Sands Corp., MGM Resorts International, SJM Holdings Ltd., and William Hill Plc are some of the major market participants. The growing popularity of online gambling will offer immense growth opportunities. In a bid to help players strengthen their market foothold, this casinos and gambling market forecast report provides a detailed analysis of the leading market vendors. The report also empowers industry honchos with information on the competitive landscape and insights into the different product offerings offered by various companies.

Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.

Casinos and Gambling Market 2020-2024: Segmentation

Casinos and Gambling Market is segmented as below:

  • Platform
    • Offline
    • Online
  • Geography
    • APAC
    • Europe
    • North America
    • MEA
    • South America

To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR41224

Casinos and Gambling 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 casinos and gambling market report covers the following areas:

  • Casinos and Gambling Market Size
  • Casinos and Gambling Market Trends
  • Casinos and Gambling Market Industry Analysis

This study identifies the legalization of gambling as one of the prime reasons driving the casinos and gambling 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.
Register for a free trial today and gain instant access to 17,000+ market research reports.
Technavio's SUBSCRIPTION platform

Casino Stocks Usa

Casinos and Gambling Market 2020-2024: Key Highlights

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will assist casinos and gambling market growth during the next five years
  • Estimation of the casinos and gambling market size and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the casinos and gambling market
  • Analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of casinos and gambling market vendors

Table of Contents:

Executive Summary

Market Landscape

  • Market ecosystem
  • Value chain analysis

Market Sizing

  • 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 Platform

  • Market segments
  • Comparison by Platform
  • Offline - Market size and forecast 2019-2024
  • Online - Market size and forecast 2019-2024
  • Market opportunity by Platform

Customer landscape

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • APAC - Market size and forecast 2019-2024
  • Europe - Market size and forecast 2019-2024
  • North America - Market size and forecast 2019-2024
  • MEA - Market size and forecast 2019-2024
  • South America - Market size and forecast 2019-2024
  • Key leading countries
  • Market opportunity by geography
  • Market drivers
  • Market challenges
  • Market trends

Vendor Landscape

Las Vegas Casino Stocks List

  • Overview
  • Vendor landscape
  • Landscape disruption

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • Boyd Gaming Corp.
  • Caesars Entertainment Corp.
  • Crown Resorts Ltd.
  • Flutter Entertainment Plc
  • Galaxy Entertainment Group Ltd.
  • Golden Entertainment Inc.
  • Las Vegas Sands Corp.
  • MGM Resorts International
  • SJM Holdings Ltd.
  • William Hill Plc

Appendix

Casino Industry Stocks Price

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

Best Gambling Stock To Buy

About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.