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2024 U.S. Industry Statistics & Market Forecast - Casino Hotels


Market Size & Industry Statistics

The total U.S. industry market size for Casino Hotels: Industry statistics cover all companies in the United States, both public and private, ranging in size from small businesses to market leaders. In addition to revenue, the industry market analysis shows information on employees, companies, and average firm size.

Investors, banks, and business executives use growth rates and industry trends to understand the market outlook and opportunity.

Charts and graphs can be copied to Microsoft Word and Powerpoint presentations.

Statistics        2019        2020        2021        2022        2023
Market Size
(Total Sales/Revenue)


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Total Firms
Total Employees
Average Revenue Per Firm
Average Employees Per Firm
Average Revenue Per Employee
Statistics Source: U.S. Census, AnythingResearch Analysis of Federal Data



Market Forecast

Market forecasts show the long term industry outlook and future growth trends. The following extended five-year forecast projects both short-term and long-term trends.





Forecast / Industry Outlook 2024 2025 2026 2027 2028
Market Forecast ($ millions)
Projected Industry Growth Rate (%)
Source: AnythingResearch Economic Analysis

Industry Insights

The casino hotels industry is constantly evolving, influenced by various internal and external factors. Some of the key trends that have the potential to significantly impact the industry in the coming years are as follows:

1. Advancements in technology: With technology evolving at an incredible pace, casino hotels are exploring new ways to enhance customer experience, such as the introduction of virtual reality games, mobile apps, and automated check-in kiosks.

2. Sustainable practices: Eco-friendly practices are becoming a major trend in the casino hotels industry, with many hotels implementing measures to reduce their carbon footprint, such as utilizing renewable energy sources, water conservation, and waste reduction.

3. Rise of online gaming: The popularity of online gambling is increasing, with many people opting for the convenience of placing bets from their homes. This can impact the footfall of physical casinos and their revenue generation.

4. Increased competition: The increasing number of casino hotels and gaming facilities means that casino hotel owners and operators must continue to find new ways to differentiate themselves from their competitors and continually update their offerings to stay relevant.

5. Changing consumer behavior: Consumers are becoming more health-conscious and environmentally aware. As a result, casino hotels have to provide healthy food options and offer facilities that cater to customer's well-being such as spa, health club and gym amenities.

6. Integration of non-gaming amenities: Non-gaming facilities such as luxury spas, high-end restaurants, and entertainment venues such as live music concerts, comedy performances, and other nightlife pursuits are gaining traction, contributing to driving footfalls to the property.

Overall, casino hotels need to stay ahead of these emerging trends and continually adapt to the changing industry landscape to remain competitive and profitable.



Product & Services Breakdown

Research products and services in the Casino Hotels industry generating sales. Note that products are broken into categories with different levels of classification.

Product DescriptionNumber of Companies Sales ($ millions) Percent of Total Sales

Industry Total

Gambling Services

Table Wagering Games

Gambling Machine Products

Pari-Mutuel Sports Gambling, Away From The Event Premises

Other Gambling Services

Room Or Unit Accommodation For Travelers & Others

Room Or Unit Accommodation For Travelers, With Maid Service

Groceries & Other Food Items For Human Consumption Off The Premises

Alcoholic Beverages Served For Immediate Consumption

Packaged Liquor, Wine, & Beer

Cigars, Cigarettes, Tobacco, & Smokers' Accessories, Excluding Sales From Vending Machines Operated By Others

Automotive Fuels

All Other Merchandise

Souvenirs & Novelty Items

Meals, Unpackaged Snacks, Sandwiches, Unpackaged Ice Cream & Yogurt, Bakery Items, Other Food Items & Nonalcoholic Beverages Prepared

Meals, Snacks, & Beverages Prepared For Catered Events

Admissions To Live Performing Arts Performances

Rental Of Retail Space

Other Services

All Other Merchandise, Excluding Lottery Ticket Sales/Commissions



U.S. Geographic Distribution: Revenue Statistics by State

Market Size by State ($ millions) indicates how the industry's competition is distributed throughout the country. State-level information can identify areas with higher and lower industry market share than average.

U.S. map by state

Income Statement (Average Financial Metrics)

Financial metrics provide a snapshot view of a benchmark "average" company. Key business metrics show revenue and operating costs. The data collected covers both public and private companies.

Industry AveragePercent of Sales
(Industry Benchmark)
Total Revenue

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Operating Revenue
Cost of Goods Sold
Gross Profit

Operating Expenses
Pension, profit sharing plans, stock, annuity
Repairs
Rent paid on business property
Charitable Contributions
Depletion
Domestic production activities deduction
Advertising
Compensation of officers
Salaries and wages
Employee benefit programs
Taxes and Licenses
Bad Debts
Depreciation
Amortization
Other Operating Expenses
Total Operating Expenses
Operating Income
Non-Operating Income
EBIT (Earnings Before Interest and Taxes)
Interest Expense
Earnings Before Taxes
Income Tax
Net Profit
Net Income
 
Source: AnythingResearch Analysis of U.S. federal statistics




Financial Ratio Analysis

Financial ratio information can be used to benchmark how a Casino Hotels company compares to its peers. Accounting statistics are calculated from the industry-average for income statements and balance sheets.

Profitability & Valuation RatiosIndustry Average
Company valuation can be measured based on the firm's own performance, as well as in comparison against its industry competitors. These metrics show how the average company in the Casino Hotels industry is performing.
Profit Margin
Gross Profit Margin, Operating Profit Margin, and Net Profit Margin. Show company earnings relative to revenues.
Return on Equity (ROE)
Return on Equity (ROE) is net income as a percentage of shareholders' equity. Shareholders' Equity is defined as the company's total assets minus total liabilities. ROE shows how much profits a company generates with the money shareholders invested (or with retained earnings).
Return on Assets (ROA)
Return on Assets (ROA) is net income relative to total assets. The market research on Casino Hotels measures how efficiently the company leverages its assets to generate profit. ROA is calculated as Net Income divided by Total Assets.


Liquidity RatiosIndustry Average
Bankers and suppliers use liquidity to determine creditworthiness and identify potential threats to a company's financial viability.
Current Ratio
Measures a firm's ability to pay its debts over the next 12 months.
Quick Ratio (Acid Test)
Calculates liquid assets relative to liabilities, excluding inventories.


Efficiency Ratios - Key Performance IndicatorsIndustry Average
Measure how quickly products and services sell, and effectively collections policies are implemented.
Receivables Turnover Ratio
If this number is low in your business when compared to the industry average in the research report, it may mean your payment terms are too lenient or that you are not doing a good enough job on collections.
Average Collection Period
Based on the Receivables Turnover, this estimates the collection period in days. Calculated as 365 divided by the Receivables Turnover
Inventory Turnover
A low turnover rate may point to overstocking, obsolescence, or deficiencies in the product line or marketing effort.
Fixed-Asset Turnover
Generally, higher is better, since it indicates the business has less money tied up in fixed assets for each dollar of sales revenue.



Compensation & Salary Surveys for Employees

Compensation statistics provides an accurate assessment of industry-specific jobs and national salary averages. This information can be used to identify which positions are most common, and high, low, and average annual wages.

TitlePercent of WorkforceBottom Quartile Average (Median) SalaryUpper Quartile
Management Occupations 4%

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Chief Executives0%
General and Operations Managers0%
Protective Service Occupations 7%
Other Protective Service Workers 6%
Security Guards and Gambling Surveillance Officers 5%
Food Preparation and Serving Related Occupations 29%
Cooks and Food Preparation Workers 6%
Food and Beverage Serving Workers 14%
Waiters and Waitresses 8%
Waiters and Waitresses 8%
Other Food Preparation and Serving Related Workers 6%
Building and Grounds Cleaning and Maintenance Occupations 14%
Building Cleaning and Pest Control Workers 13%
Building Cleaning Workers 13%
Janitors and Cleaners, Except Maids and Housekeeping Cleaners 6%
Maids and Housekeeping Cleaners 7%
Personal Care and Service Occupations 22%
Entertainment Attendants and Related Workers 16%
Gambling Services Workers 14%
Gambling Dealers 13%
Sales and Related Occupations 5%
Office and Administrative Support Occupations 8%
Source: Bureau of Labor Statistics


Casino Hotels Competitor Landscape & Key Companies [PREMIUM]

The most influential companies in the Casino Hotels industry and adjacent industries either have large market share or are developing new business models and methods that could disrupt the status quo. We look at leading and emerging companies in the Casino Hotels industry and adjacent sectors:

Market Leaders:
Direct Competitors

Companies with the largest market share, focused in this industry
Market leaders:
Diversified Competitors

Largest companies that have diversified operations in this and other industries
Innovators:
Direct Competitors

Innovative, Emerging, and Disruptive Companies that may influence the future direction of the industry.
Innovators:
Diversified Competitors

Innovators and Disruptors in adjacent industries that may also affect the Casino Hotels industry.
Source:
IncFact




Innovation News



Recent Federal Contracts for Casino Hotels

  • Jan 23, 2024: MISCELLANEOUS FOREIGN AWARDEES (Washington, DC) awarded $14,538
  • Jan 19, 2024: NAVAJO NATION GAMING ENTERPRISE (Church Rock, NM) awarded $60,135




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