Global Casino Hotels Market Size Likely to Reach at a CAGR of 4.8% By 2034

As per the current market research conducted by the CMI Team, the global Casino Hotels Market size is expected to record a CAGR of 4.8% from 2024 to 2033. In 2024, the market size is projected to reach a valuation of USD 219.6 Billion. By 2033, the valuation is anticipated to reach USD 321.4 Billion.

Casino Hotels Market: Growth Factors and Dynamics

• Growing trend of online gaming: Online gaming sites have introduced people to games such as poker, blackjack, and slots. Due to the growing interest in gaming, more individuals are visiting casinos to enjoy a comprehensive entertainment package in a hotel’s comfort. The Casinos continuously evolve by filling this gap between online and on-site playing through special promotions, interactive events, and even high-tech game-playing experiences.

• Cultural Integration with Themed Resorts: Casino hotels are also becoming culturally rich by introducing thematic resorts along some country, cultural, or movie titles. These are themed resorts that cater to tourists who would like unique experiences. They have entertainment, dining, and gaming corresponding to specific cultural or entertainment themes. Casinos may be themed with ancient Egypt, medieval history, or movies. People looking for something more than the standard game experience would visit such places. Customization attracts more diverse clients and, hence, more foot traffic.

• Luxury Amenities and Services: Luxury is one of the primary growth drivers for the casino hotel market. Contemporary casino resorts want to provide spas, fine dining, luxury shopping, and entertainment shows to attract high-net-worth individuals. Many casino hotels have expanded their portfolios to offer golf courses, private villas, and other exclusive services like personal butlers.

• Technological Advancements: Technology plays a significant role in determining the casino hotel market. There are several advanced technologies, such as cashless gaming, mobile apps for booking rooms and services, and virtual reality casinos. These innovations are helping to make the customer experience smoother and more enjoyable and make the operation of casinos much easier.

• Change in consumer preferences: Consumers are now seeking a casino hotel experience that provides much more than just gaming. Instead, they want luxury, entertainment, and dining. The response of casino hotels has been to adapt to this by providing spas, theme parks, and high-end restaurants in addition to their gaming rooms. This shift is thus producing a more diverse clientele for the industry.

Casino Hotels Market: Partnership and Acquisitions

• In 2024, Las Vegas Sands Corporation announced plans to invest $2 billion in developing a new integrated resort in Japan. This project is significant as it marks the company’s entry into the Japanese market, which has been opening up to foreign investment in casino gaming. The proposed resort will include a casino, hotels, convention facilities, and entertainment venues to tap into Japan’s growing tourism sector and attract international visitors.

• In 2024, Hard Rock International unveiled plans for a new casino hotel in Miami, Florida. The development will feature a concert venue capable of hosting significant events, multiple dining experiences ranging from casual to fine dining, and a vibrant gaming floor. This strategic move aims to capitalize on Miami’s status as a popular tourist destination while enhancing Hard Rock’s footprint in the U.S. market.

• In 2024, Genting Group received regulatory approval to expand its casino operations in Singapore. The approved expansion includes new gaming facilities and luxury accommodations to enhance the guest experience. This development is crucial as Singapore continues to be a key player in the global tourism landscape, attracting visitors from around the world looking for premium entertainment options.

• In 2024, Galaxy Entertainment Group announced an initiative focused on sustainability within its casino hotels in Macau. The company invests in eco-friendly practices such as energy-efficient systems, waste reduction programs, and sustainable restaurant sourcing. This move aligns with growing consumer demand for environmentally responsible practices and positions Galaxy as the gaming industry’s leader in corporate social responsibility.

Report Scope

Casino Hotels Market: COVID-19 Analysis

• Positive Impact: The COVID-19 pandemic brought shockingly positive effects on the casino hotels market. While undergoing lockdowns, many patrons began to engage in virtual gaming, which enhanced people’s desire to visit such physical casinos when the conditions became favorable. Once movement restrictions were lifted and there was a return to touring, casino hotels witnessed large crowds keenly looking forward to experiencing some gaming and luxury services in such resorts. In addition, casinos began to improve hygiene standards to provide a safer environment and increase customer trust.

• Negative Impact: COVID-19 had a substantial negative impact on the casino hotels market. Lockdowns and travel restrictions resulted in lower foot traffic and wholly shut down casinos for many months in many parts of the world. The unavailability to operate impacted revenue-generating activities from gaming and non-gaming service providers such as hotels, restaurants, and entertainment. Many casino hotels have been forced to furlough employees, reduce costs, or temporarily close their operations. The decline in international tourism also resulted in fewer visitors from major markets such as Asia and Europe. Other factors affecting casino events, performances, and conventions are social distancing measures, capacity limitations, and restrictions on large gatherings.

• Current Market Scenario: The casino hotel market is slowly recovering from the impact of the COVID-19 pandemic. Since restrictions have eased and tourism has increased, foot traffic in casino hotels is increasing. Growing consumer confidence and renewed interest in travel and leisure boosts market growth. Casinos also are not taking much of a risk and are focusing more on maintaining high standards in safety measures and delivering a customer experience that helps sustain customers’ confidence. New formats like online and hybrid experiences continue attracting industry interest. Yet it remains highly susceptible to whatever future may hold such as a comeback of COVID-19 or any global calamity. While most regions experience a slow return, North America and Asia Pacific spearhead the pace. The increased demand for integrated resorts is one key reason why this market has remained strong for the long term.

List of the prominent players in the Casino Hotels Market:

• MGM Resorts International
• Caesars Entertainment Corporation
• Wynn Resorts
• Las Vegas Sands Corporation
• Melco Resorts & Entertainment
• Galaxy Entertainment Group
• SJM Holdings Limited
• Hard Rock International
• Genting Group
• Marina Bay Sands
• The Star Entertainment Group
• Boyd Gaming Corporation
• Sun International
• Crown Resorts
• Foxwoods Resort Casino
• Others

The Casino Hotels Market is segmented as follows:

By Type

• Poker
• Blackjack
• Roulette
• Slots
• Others

By Consumer Orientation

• Men
• Women

By Age Group

• 18 to 35 Years
• 36 to 50 Years
• 50 Years and Above

Regional Coverage:

North America

• U.S.
• Canada
• Mexico
• Rest of North America

Europe

• Germany
• France
• U.K.
• Russia
• Italy
• Spain
• Netherlands
• Rest of Europe

Asia Pacific

• China
• Japan
• India
• New Zealand
• Australia
• South Korea
• Taiwan
• Rest of Asia Pacific

The Middle East & Africa

• Saudi Arabia
• UAE
• Egypt
• Kuwait
• South Africa
• Rest of the Middle East & Africa

Latin America

• Brazil
• Argentina
• Rest of Latin America