Industry Overview
Gross Gaming Revenue
This Industry Ratio is the expected casino earnings from a given game.
House Edge
What are the two fastest growing sectors in the Gambling industry?
Online gambling (iGaming) and Sportsbetting
The largest casino and gambling company in the US by market cap.
What is Las Vegas Sands (LVS)?
The North American that has the largest casino and gambling market.
What is the United States?
This KPI is found by subtracting the total promotions and taxes from the gross gaming revenue.
Net Gaming Revenue
This industry ratio shows the actual proportion that casinos earned from player wagers.
House Take
Which factor contributing to the largest decline in revenues over the past decade?
Covid-19
The casino and gambling company leading in revenue.
What is MGM Resorts International (MGM)?
In the United States, this state, known for its entertainment capital dominates the North American casino market.
What is Nevada?
This is a customer segment of casino and gaming companies.
What is leisure travelers, business travelers, group attendees (conventions, trade shows, meetings)?
What adjacent industry is a major revenue driver for the Casino & Gambling Industry
What is Tourism
Which industry sector has seen a surprising comeback the past three years?
Brick-and-mortar casinos
This company recently made over $10 billion in revenue but experienced a net loss.
What is Caesars Entertainment Corp (CZR)?
One of the reasons why states like Oklahoma and California have a high number of casinos is due to agreements with these groups, allowing for operation on their reservations.
What are Native American tribes/reservations?
These are aspects of casino industry that are regulated.
What is owner financial stability and character, alcoholic beverages, smoking, currency transactions, zoning and building codes, employee compensation and benefits, ESG responsibility?
What would be the effects of increased regulation on the Industry?
Higher operational costs, and lower revenue
Name one factor that has contributed to the industry’s expected growth
Legalization, innovation, partnerships, or increase in consumer spend
This company has a market cap greater than $10 billion and recently experienced a net loss.
What is Wynn Resorts Ltd (WYNN)?
A barrier to entry that land based casinos have that online casinos and gambling sites do not have.
What is High Initial Capital?
This is why casino and gaming companies are cash-constrained.
What is rents on triple net lease agreements with capital expenditure requirements, financial covenants?
What is higher interest payments on debt?
What industry driver does the advancement of VR and Online Gambling fall into?
Technology & Innovations
What is the CAGR of Sportsbetting over the next 5 years?
12%
This company acquired Barstool and is one of the fastest growing companies in its industry.
What is Penn Entertainment Inc (PENN)?
In areas with oligopolistic casino structures, this country only allows a limited number of integrated resort casino licenses, leading to few major players in the market.
What is Singapore?