First Research US Industry Profile

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Casino Hotels
SIC Codes: 7011
NAICS Codes: 721120
Last Quarterly Update: 6/6/2022
Companies in this industry provide short-term lodging in hotel facilities with casinos on the premises. Major companies include Caesars Entertainment, MGM Resorts, Las Vegas Sands, and Wynn Resorts (all based in the US); as well as Crown Resorts (Australia); Genting Group (Malaysia); and Galaxy Entertainment Group, 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 $470 billion per year, according to PR Newswire. According to Newzoo's 2020 Global Market Report, the top gaming markets include China, US, Japan, South Korea, and Germany. 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 420 establishments (single-location companies and units of multi-location companies) with combined annual revenue of about $66 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 may enjoy cross-marketing opportunities. Smaller establishments can compete by serving small markets and offering special attractions. The casino hotel industry is highly concentrated: the 50 largest companies account for about 80% of revenue.
Products, Operations & Technology
Most commercial casinos in the US have on-site hotels, and the average property has more than 700 rooms. Hotel rooms are becoming increasingly important ... plus:
Sales & Marketing
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Finance & Regulation
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Regional & International Issues
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Human Resources
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Industry Indicators
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Business Challenges
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Trends and Opportunities
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Financial Information
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Industry Forecast
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Industry Websites
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Glossary of Acronyms
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Historical Profiles (PDF format)

06/06/2022
02/28/2022
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07/26/2021
04/19/2021
01/11/2021
08/31/2020
07/06/2020
03/16/2020
05/20/2019
02/18/2019
11/12/2018
08/13/2018
05/14/2018
02/12/2018
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05/15/2017
02/06/2017
10/31/2016
08/15/2016