Gambling

Gambling

Gambling Brief Excerpt from Industry Overview Chapter: Companies in this industry operate gambling facilities or offer gaming activities. Major companies include US-based casino operators Caesars Entertainment, Las Vegas Sands, and MGM Resorts, as well as Galaxy Entertainment and SJM Holdings (Hong Kong), Tatts Group (Australia), and UK-based IGT and William Hill. Worldwide, gambling generates more than $450 billion in annual revenue, according to Global Betting & Gaming Consultants. Major casino gaming markets outside the US include Macau, Singapore, Australia, and South Korea. As gambling continues to expand in new markets, particularly in Asia, global industry revenue is expected to exceed $525 billion by 2019. The US gambling industry includes more than 3,200 establishments with combined annual revenue of about $100 billion. Major segments include about 500 commercial casinos, about 475 Indian casinos, and more than 40 state lotteries, as well as bingo parlors, off-track betting facilities, electronic betting arcades, and sports bookmakers. The casino operations of casino resorts and hotels are included in the industry. COMPETITIVE LANDSCAPE Demand for gambling is driven by consumer income growth and state spending. The profitability of individual companies depends on efficient operations and effective marketing. Large operators have the financial resources to make significant investments in facilities and efficient computer

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