Casino Tourism Market Report 2024 (Global Edition)

Global Casino Tourism Market Report 2024 Market Size Split by Type (Poker, Blackjack, Roulette, Slots, Others), by End User (18-35 Years, 36-50 Years, 50 Years & Above, Others ), by Consumer (Men, Wo...

Casino Tourism Market Report Description

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Casino Tourism Market Insights Video

Competitive Landscape of Casino Tourism Market

There is intense and varied competition in the casino tourism industry. Many organizations provide support for e-wallets used in online gambling and video gaming, sometimes as part of broader, all-inclusive packages. The availability of safe online payment options is expected to increase interest in virtual gaming, as consumers appreciate not having to spend time and money traveling between different channels to enjoy their holidays. Government regulations and policies have aided businesses in modernizing their service offerings, contributing to the expansion of the sector as a whole. 

Casino Tourism Industry News:

May 2022: International Game Technology PLC, a prominent company in the gaming industry, recently announced a partnership with the NuSTAR Resort and Casino in Cebu, Philippines, and the rollout of their IGT Advantage casino management system.

Top Companies Market Share in Casino Tourism Industry: (In no particular order of Rank)

• Sands China
• Galaxy Entertainment Group Limited
• Wynn Resorts (Macau)
• SJM Resorts Limited
• MELCO RESORTS & ENTERTAINMENT LIMITED
• Others
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional Analysis of Casino Tourism

According to Cognitive Market Research, North America dominated the market in 2023. As more people have access to the Internet and as laws regarding online gaming and betting evolve, it is expected that the market will expand. The popularity of Bitcoin has also spurred the development of alternative crypto-currencies for use in video games. Market expansion is anticipated to be driven by rising spending on recreation during the forecast horizon. Market expansion is predicted in the region on account of ongoing advances and technological advancements in casino tourism. ccording to Cognitive Market Research, due to the growth of the gaming and casino industries in the United States and the concentration of a relatively small number of internationally renowned casino cities within the country, the United States currently holds a large portion of the market share for casino lodging in this region. 

The Asia Pacific region accounted for the fastest portion of the market as a result of the growing investments made by international gambling corporations in the developing nations in the area. Increasing license approvals will lead to more lucrative and rewarding market expansion prospects. The growing demand for online gambling items is anticipated to be a major development driver for the industry over the next few years.

The current report Scope analyzes Casino Tourism Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Casino Tourism Market

North America Casino Tourism Market Analysis:

According to Cognitive Market Research, North America accounted for a share of more than 35% of the global revenue due to several variables. The prospects for expanding into new markets become more promising as the number of licenses granted rises. Revenue from the region is crucial to the success of offshore internet casinos. The government's coffers would swell if online gambling were legalized. Moreover, in the North American region, the men's casino tourism category is presumed to have the fastest growth in the coming years due to increasing healthy lifestyles, and ale casino patrons' inclination to make purchases has increased significantly. A growing number of men are participating in many facets of the market, such as gaming, entertainment options, and general consumer activity. This market sector is anticipated to develop at the fastest rate throughout the forecast period. In conclusion, According to Cognitive Market Research, more people are playing casino tourism, and tourists who are expected to acquire casino products and auxiliary tourism services promote regional or global tourism growth initiatives because of the economic impact.

Europe Casino Tourism Market

Europe Casino Tourism Market Analysis:

According to Cognitive Market Research, in 2023, Europe accounted for a share of more than 25% of the global revenue due to the increase in wagering enthusiasm. One factor contributing to the growth of the casino tourist industry is the rising popularity of internet gaming. In addition, roulette casino is predicted to expand at a rapid rate in the European market in the next years due to the increased likelihood of winning. It is a major draw for Roulette, making it one of the most played casino games. Each of the roulette wheels' 37 segments features a number from 1 to 36, plus the zero. In conclusion, the casino tourism market in the European region with developing countries such as Germany, France, Italy, Spain, Russia, and the Rest of the European countries will witness healthy growth during the forecast period.

Asia Pacific Casino Tourism Market

According to Cognitive Market Research, Asia Pacific held a significant share in the market in 2023. The market in Asia Pacific is expected to increase at a CAGR of 28% over the next several years. Increased reliance on online resources and reworked laws for wagering from home. The popularity of money has also spurred the development of alternative currencies for use in video games. The strong economic growth in Asia Pacific and rising consumer spending on leisure activities are expected to fuel market progress throughout the forecast period. Moreover, in the Asia-Pacific region, the poker category is presumed to witness the greatest growth in the coming years because playing Poker is similar to doing mental push-ups. Brain rewiring and new myelin formation from prolonged poker play. In conclusion, the Asia-Pacific online casinos rely heavily on recent developments in information and communication technologies. We also need well-defined guidelines. The online gaming industry is expanding at a rate that has never been seen before, and its future is strong, which fuels the growth of the industry during the forecast period.

South America Casino Tourism Market

South America Casino Tourism Market Analysis:

According to Cognitive Market Research, South America dominated the market in 2023, and it is anticipated that casino tourism sales in South America will rise gradually, with a CAGR of 6% over the coming years. In the market for casino tourism, many offshore operations take advantage of the lack of regulation in the country by accepting players from the country. Increases in disposable income and standard of living, as well as the proliferation of online gambling sites, are all factors that should contribute to the expansion of the South American gaming market. Furthermore, the South American market poker category is expected to grow rapidly in the next years due to the growing consumer expectations for gambling activities in casino tourism on the market in South America. As a whole, the expanding economies of South America, because the government has shown its support for casino tourism, see its potential economic and social benefits for the casino tourism industry over the next few years.

Middle East and Africa Casino Tourism Market

Middle East and Africa Casino Tourism Market Analysis:

According to Cognitive Market Research, The Middle East and Africa dominated the market in 2023 and accounted for a rising CAGR of 4% due to the benefits of casino gambling, which includes table games and other forms of gambling found exclusively in casinos, which in turn supports the growth of the casino tourism market in the region. Moreover, the men's casino tourism category is predicted to expand in the coming years due to increasing popularity, which has led to a dramatic rise in the demand for casino tourism. In conclusion, According to Cognitive Market Research, its significant casino tourism implies that establishments serving food and drink benefit financially from the presence of legal casinos in the Middle East and Africa to witness strong expansion during the anticipated time frame.

Casino Tourism Market Analysis

Type Segment Analysis

According to Cognitive Market Research, in 2022, poker is expected to have the greatest share of the casino tourism market. Due to Poker's rising profile among casino visitors is attributable to a number of factors. First, Poker's rise to prominence can be attributed to the pleasures it offers, as well as the strategic depth of the game. The game is popular among casino goers because it allows them to test their luck while also exercising some degree of strategy. The introduction of poker tournaments broadcast on television and online poker rooms has also contributed to the game's meteoric rise in popularity. 

The roulette casino tourism was the most popular type category, accounting for more than 40% of the overall revenue. The increased likelihood of winning is a major draw for Roulette, making it one of the most played casino games. Each of the roulette wheels' 37 segments features a number from 1 to 36, plus the zero. The stakes at roulette are about average. The house edge in American roulette is 5.25%, making it the game with which casinos are most likely to make money off of players.

 

• Poker
• Blackjack
• Roulette
• Slots
• Others

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Casino Tourism Industry. Request a Free Sample PDF!

Casino Tourism End User Segment Analysis

According to Cognitive Market Research, the 36-50 age group is the most extensive contributor to the casino tourism market because People who have some disposable income are the most inclined to gamble with it since gambling is a favorite pastime among this demographic. 

Casino tourism for the 18-350 age group offering ranks second most popular segment due to the 18-35 age group's influx of tourists to a city's casinos, which generates a lot of money for the government, helps locals make more money, and helps preserve cultural traditions. The percentage of people aged 18–35 that participated at both the lowest and highest levels was higher than in any other age group.

• 18-35 Years
• 36-50 Years
• 50 Years & Above
• Others 

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Casino Tourism Consumer Segment Analysis

Consumer Segment Analysis

The men are the casino tourism market's most popular offering. The global casino tourism business is expected to expand substantially, especially among males. In recent years, male casino visitors have shown a marked increase in their propensity to shop. Many aspects of the market, including gaming, entertainment choices, and general consumer activity, have attracted and engaged a growing number of males. One factor affecting the rising usage among males in the casino tourism business is the historical association of gambling with masculinity. The stereotype that gambling is a man's activity has long shaped the demographics of the gaming industry.

According to Cognitive Market Research, women are the second-most popular product. Activities like traveling to a casino, playing bingo, or playing slot machines at an arcade allow gamblers to partake in their hobby while mingling with friends and having a good time. 

• Men
• Women
• Others 

Author's Detail

Sneha Mali

Research Analyst at Cognitive Market Research

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I am a research analyst working in various domains including the Consumer Goods domain, and my primary responsibility is to conduct thorough research on various subjects and provide valuable insights to support client requirements. I have knowledge of research methodologies, and data mining which enables me to analyze large data sets, draw meaningful conclusions, and communicate them effectively. I stay up-to-date with the latest research trends, methodologies, and technologies to ensure that my research is accurate, relevant, and impactful.

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