"Casino resorts have long been a staple of entertainment and tourism, offering a blend of gaming, luxury accommodations, fine dining, and live entertainment. Over the past few decades, these resorts have expanded beyond traditional gambling hubs like Las Vegas and Macau, reaching new markets worldwide. But are casino resorts truly growing on a global scale? This article explores the factors driving their expansion, the regions experiencing the most growth, and the challenges they face."
"Casino resorts are experiencing significant growth, particularly in regions where gambling regulations have been relaxed or where tourism is booming. According to market research, the global casino industry was valued at USD 414.81 million in 2024 and is projected to reach USD 743.68 million by 2032, growing at a CAGR of 7.57%. This expansion is fuelled by rising disposable incomes, increased digital gaming adoption, and the appeal of integrated resorts that combine gambling with luxury experiences."
"Asia-Pacific: The Powerhouse of Casino Expansion Asia-Pacific remains one of the fastest-growing markets for casino resorts. Macau, often referred to as the "Las Vegas of the East," continues to dominate the industry, generating $22.8 billion in gross gaming revenue (GGR) in 2023. Singapore has also emerged as a major player, with integrated resorts like Marina Bay Sands attracting millions of visitors annually."
Casino resorts are expanding globally, with market value rising from USD 414.81 million in 2024 to a projected USD 743.68 million by 2032 at a 7.57% CAGR. Growth is driven by rising disposable incomes, digital gaming adoption, and demand for integrated resorts combining gambling with luxury experiences. Asia-Pacific leads expansion with Macau generating $22.8 billion GGR in 2023 and Singapore attracting millions to integrated resorts; Japan and the Philippines are investing in new developments. The United States shows steady growth, with commercial gaming revenue reaching $66.5 billion in 2023, up 11.6% year-over-year.
Read at Business Matters
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