Casino Hotels Industry Profile

Report Page Length: 10-12
Last Quarterly Update: 10/31/2016
SIC Codes: 7011
NAICS Codes: 721120
Chapters Include:
Industry Overview Trends & Challenges Industry Forecast
Quarterly Industry Update Call Prep Questions Website & Media Links
Business Challenges Financial Information Glossary & Acronyms
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Excerpt from Casino Hotels Industry Profile

Companies in this industry provide short-term lodging in hotel facilities with casinos on the premises. Major companies include Las Vegas Sands, Caesars Entertainment, MGM Resorts, and Wynn Resorts (all based in the US); as well as Crown Resorts (Australia); Genting Group (Malaysia); and Galaxy Entertainment, Melco Crown Entertainment, and SJM Holdings (all based in Hong Kong).

Global casino gambling revenue, an important indicator for the casino hotel sector, is about $150 billion per year, according to Morgan Stanley. The world's largest casino markets include the US, Macau, Singapore, Australia, and South Korea. Emerging markets, especially in the Asia/Pacific region, offer high potential for growth. All of the major US casino companies also have operations in overseas gambling destinations, some of which operate as separate subsidiaries.

The US casino hotel industry includes about 350 establishments (single-location companies and units of multi-location companies) with combined annual revenue of about $55 billion.

Standalone casinos without hotel facilities are covered in the Gambling industry profile. Hotels and other lodging establishments that do not have casinos on site are covered in the Hotels, Motels, and Resorts profile.

COMPETITIVE LANDSCAPE

Demand for casino hotels is driven by consumer income growth and tourism travel. 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 amenities; they also have strong name recognition and ...

 
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