Gambling Resorts & Casinos Industry Trends

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.

Racetracks

One of the largest growth areas within the casino industry is racetrack casino facilities (which include horse tracks, dog tracks, or jai alai, with onsite gaming machines). Annual racetrack casino revenue is about $2 billion.

More Emphasis on Company Meetings

Company meetings are a double bonus for hotel-casinos, which benefit both from room rentals and increased casino traffic. As a result of decreased visits by tourists, Las Vegas hotels now devote more resources to attracting smaller and midsize business meetings.

Child-care Services

Some casinos are opening onsite child-care facilities to allow parents to gamble without having to supervise their children. The trend is spurred by a rise in crimes against unattended children in casinos. Some casino operators are concerned that onsite child-care facilities could increase liability and risk of litigation. The service is offered for a fee that can be paid with points earned from gambling.