Exclusive extracts from this 107-page-long report:
- What is the business?
Gaming is a highly fragmented industry, covering four main market segments: integrated casino resorts, online and retail gambling and gaming, gaming monopolies, and gaming industry services. Almost all the largest players in the industry are specialised in a single market, with little porosity between segments. […]
- What are the main markets?
The gaming industry derives the bulk of its revenues from the private sector i.e. individuals, households and companies that spend money on gaming and gambling products and services as well as resort services. Demand in the industry is therefore strongly conditioned by macroeconomic developments, particularly by changes in the purchasing power of households. Over the past decade, for example, the emergence of a large middle class in China has significantly boosted casino revenues in Macau. [...]
- How intense is competition?
Integrated casino resorts require very large capital investments to be built, maintained, and upgraded. This financial barrier limits the number of players in the integrated casino market segment, and has led to the emergence of globalised leaders, particularly from the US. Macau and Las Vegas are the two biggest gaming hubs in the world. [...]