Gambling Industry Overview

Companies that provide, own, operate, or engage in lawful gaming activities and facilities related to gaming and leisure.

Summary

Goethe once said, "We must always change, renew, rejuvenate ourselves; otherwise we harden." That pretty accurately describes the mindset of the gambling industry, which includes casinos and state lotteries, pari-mutuel wagering, and charitable gaming, as well as firms that manufacture gaming machines.

Many of the world's largest casino operators continue to funnel billions of dollars into existing markets as, ironically, gambling becomes less important to the bottom line. Non-gaming operations such as restaurants, hotels, retail stores, and attractions now account for a large portion (more than half in some markets) of casino sales. Consolidation is still very much alive in the industry.

Full Gambling Industry Description

Strong Industry Growth

The gambling industry has grown rapidly in the US as gambling has become more socially acceptable and as state governments have welcomed gambling as a major source of revenue. Casino hotels, which account for the majority of industry revenue, have become larger, generating average annual revenue of more than $100 million.

Full Gambling Industry Trends

• 888 Holdings Public Limited Company
• Atlantic Lottery Corporation Inc.
• Atronic Americas, LLC

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Hoover's has developed its own industry classifications to better serve its customers. These classifications are mapped to the North American Industry Classification System (NAICS) and the older U.S. Standard Industrial Classification (SIC) system. The Gambling maps to a number of NAICS codes including:

Full Gambling Industry Codes

• American Gaming Association
  
• Gaming Standards Association
  
• Interactive Gaming Council
  

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