DUBLIN--()--Research and Markets (http://www.researchandmarkets.com/research/488cbb/gambling_operation) has announced the addition of the "Gambling Operations " report to their offering.
The US gambling, or gaming, industry consists of about 500 casinos, about 400 Indian casinos and bingo halls, and lotteries in about 40 states with combined annual revenue around $80 billion. Companies with large casino operations include Harrah's Entertainment, MGM Resorts, and Boyd Gaming. About $30 billion of annual revenue is taken in by commercial casinos, $25 billion by Indian casinos, another $14 billion by state lotteries, and the rest by horse racing, bingo, charities, and bookmaking. (For gambling companies, "revenue" is the total amount bet minus winnings paid to gamblers.) Most casinos are small, limited by the size of the surrounding population. The industry is concentrated: the top 50 gaming companies hold about 60 percent of the market. The casino hotel market is even more concentrated, with the top 50 firms holding 90 percent of the market.
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 large investments in facilities and efficient computer operations, and have cross-marketing opportunities. Small gambling facilities can thrive by catering to local residents, who may not be able to afford travel to gambling centers such as Las Vegas or Atlantic City.
Key Topics Covered:
Industry Overview
Quarterly Industry Update
Business Challenges
Business Trends
Industry Opportunities
Call Preparation Questions
Financial Information
Industry Forecast
Web Links and Acronyms
For more information visit http://www.researchandmarkets.com/research/488cbb/gambling_operation
Source: First Research
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