By The Numbers
New York’s Empire City racetrack casino states its economic case for a potential expanded gaming license.
New AGA study shows the U.S. commercial casino industry has a weighty economic impact on GDP
You do not need to look any farther than 2007-2008 to determine how Las Vegas Strip revenues may react to the recent Wall Street sell-off.
The U.S. commercial casino industry generated $34.60 billion in gross revenue last year, a 1 percent increase over 2009, according to the AGA's 2011 State of the States report.
According to the HVS report, Las Vegas Casino and Hotel Market Outlook 2011, in addition to reducing the number of people who come to Las Vegas, the recession has prompted the ones who do gamble to spend less.
As an industry, casino gaming has always been a unique source of entertainment for its customers, and—all too often—a focus of governments’ regulatory spotlight. As a highly discretionary element of consumer spending, it is also exposed to changes in economic confidence and conditions. Today, all these long-standing attributes are reflected in a range of challenges and opportunities facing both the industry’s established players and also those contemplating entering the market.
The Singapore government’s assumption that legalizing casinos would increase tourism and business travel to the city seems reasonable. But some structural issues could create a lack of correlation between the introduction of casinos and the growth of the local MICE market.
Australia’s Productivity Commission, an independent research and advisory body of the federal government, has produced a comprehensive “Report on Gambling” in response to calls from the Council of Australian Governments.
WMS Gaming’s “2010 Active Gambler Profile,” like its groundbreaking 2009 predecessor, is an in-depth exploration of the “lifestyles, leisure-time habits and gaming preferences of active gamblers in North America.”
For 2010, given forecasts of only marginal domestic economic growth, together with remaining levels of high unemployment, only sluggish growth in household disposable income is expected
by Toon Van Beeck
It is estimated that 46.1 percent of U.S. non-casino industry revenue is generated by lotteries, 44.1 percent by Native American reservation gaming and 6.3 percent by pari-mutuel wagering
The non-hotel casino industry in the United States is expected to generate $14.29 billion in turnover in 2009, which will represent a 15 percent fall from its peak of $16.81 billion in 2007
The recession that began in late 2007 wrought havoc with gambling revenues in several major U.S. commercial casino markets
Research conducted in Las Vegas by Clear Seas Research suggests that international visitors are not having their expectations met
The 2008-09 financial year saw Loto-Québec hold its own amid the challenges of the current economic downturn
Clear Seas Research interviewed more than 200 casino executives across the United States regarding their impressions and plans for server-based gaming in their facilities. The results may surprise you.
Spain’s 42 casinos saw turnover decline 18 percent in 2008
Clear Seas Research surveyed casino marketers across the U.S. to better understand how the current economic situation is impacting marketing efforts...and clearly the economy is having a strong impact on activities