Glossary Post - Casino Gaming Industry

Casino Gaming Industry

The casino gaming industry consists of companies involved in gambling and casino operations, whether online or offline. Companies categorized as casinos also participate in auxiliary hotel and restaurant services (hospitality services). Therefore, the casino gaming industry comprises standalone casinos, riverboat casinos, casino hotels, gambling machine manufacturers, internet gambling services, bingo halls, bookmaking, lottery services, and other gambling services. Hence, the industry excludes cruise lines with secondary casino operations, classifieds in Recreation and Leisure, dog and horse race tracks, and many more. Every year, more businesses join the casino gaming industry and bring new technology and innovations. Hence the steady growth of the industry.

Innovations in the Industry

Today, LED lighting, live experience, and virtual reality are some of the new additions to the way gamblers enjoy and interact with casino games. There are still many unanswered questions about the latest innovations in the casino gaming industry. However, video walls and LED lighting persist in the lead role. Especially at trade shows and exhibitions. This gives the new age gamblers, who are mostly millennials, an immersive multi-sensory experience. An excellent example of such unique gaming features in the gambling industry is the Konami Gaming G2E experience. This new experience features enhanced slot machines, multi-station games, and games like Frogger.

Facts About the Casino Gaming Industry

According to statista.com, the global casino industry is presently worth 115bn U.S. Dollars. This figure is estimated to rise to 130 billion U.S. dollars in a matter of years. The main games on the rise in the industry are social casino games. However, it is important to note that the land-based casino has a market share of 94% worldwide. With this figure, online gamblers were able to cash in a 10% share of the total gaming gross wins worldwide. Despite these figures, most jurisdictions around the world limit the legal gambling age to 18 – 21.