Global Industry Analysts is predicting that the global casino market will be worth $113bn by 2017.
In a new report, the company said that growth within the market will be driven by the generation of incremental revenues from upcoming casino gaming facilities and the creation of new gaming centres.
A significant portion of this growth is forecast to come from the Asia-Pacific region, following a resurgence in consumer spending, the lifting of restrictions and the opening of new casinos in markets such as Singapore and Macau.
Although the market is showing signs of improvement, the “wavering” US economic recovery and the eurozone debt crisis threaten to undermine growth within the casino sector, the company said.
New competition from the rapidly expanded online gaming sector is also a factor, with many global gaming companies now looking to move large parts of their business online.
