Published on : Jul 25, 2017
Albany, New York, July 25, 2017: The report on casino gaming market in the U.S. offers in-depth insights into the key drivers and restraints, major changes in regulatory landscape, share and size of various product segments, lucrative growth avenues, and competitive landscape. The research highlights the major advancements in mobile gaming technologies and their impact on consumer demand for casino gaming.
The study takes a closer look at major types of platforms used in casino gaming and evaluates recent trends in investment by prominent players toward the adoption of advanced technologies in meeting customer preferences. Driven by several emerging profitable trends, the casino gaming market in the U.S. is projected to rise at a CAGR of 4.74% from 2017 to 2021. The growth of the casino gaming market is driven by several favorable governmental regulations in the U.S.
The growing focus of the U.S. government toward garnering revenue from gambling activities has positively impacted the market. The revenues collected are increasingly used to promote employment and further national economic development. The legalizing of different forms of gambling and the growing popularity of online gaming are crucial factors accentuating the casino gaming market in the U.S. The growing prominence of online over traditional casino gaming among a large section of population has further boosted the casino gaming market in the U.S. market. The adoption of range of intuitive and user-friendly interfaces in online gambling is expected to boost the market. On the other hand, the traditional casino gaming segment is projected to dominate the casino gaming market in the U.S. during the forecast period.
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The adoption of advanced casino gaming management technologies is anticipated to augur well for the market over the forecast period. In addition, the advent of reconfigurable electronic gaming machines is expected to catalyze the market. Commercial gaming segment is expected to be a major segment driven by the development of new casino games and slots. However, in the coming years, the market is expected to witness slight decline owing to the lack of technological innovations.
Several players seek to offer technologies that enhance the entertainment value of casino gaming, in a move to gain a competitive edge over others. This is expected to open exciting opportunities for players in the casino gaming market in the U.S.
The casino gaming market in the U.S. is intensely competitive and fairly fragmented owing to the presence of a large number of vendors with competitive offerings. The constantly changing customer preferences has largely intensified competition in the U.S. casino gaming market. Leading players are investing substantial amounts in the expansion of the existing casino facilities across the nation. This is expected to open up abundant growth opportunities for vendors.
Leading players operating in the casino gaming market in the U.S. include Wynn Resorts Limited, Penn National Gaming, MGM Resorts International, Las Vegas Sands Corporation, Intralot, Caesars Entertainment Corporation, Boyd Gaming, and BetAmerica.
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