Europe Casino Gambling Market Size and Share
Europe Casino Gambling Market Analysis by Mordor Intelligence
The Europe casino gambling market size is valued at USD 80.13 billion in 2025 and is forecast to climb to USD 155.49 billion by 2030, registering a 14.18% CAGR through the period. Consumer spending momentum is recovering as international tourist arrivals surpass pre-pandemic levels, while operators re-engineer floors toward integrated resort layouts that deepen revenue per visit. Technology upgrades—including cashless wallets, cloud-based casino management systems, and personalized slot content—are translating into higher drop and hold rates as frictionless payment encourages longer dwell times. Regulatory modernization in Spain and selective harmonization efforts in Italy and Germany encourage new capital deployment, even as tighter AML rules and rising gambling taxes in France and the UK temper margins. Consolidation is reshaping the competitive field as national champions pursue cross-border acquisitions to gain scale and compliance expertise in a region that remains legally fragmented.
Key Report Takeaways
- By type, slots accounted for 62% of the Europe casino gambling market share in 2024, while skill-based cabinets are projected to expand at a 9.5% CAGR to 2030.
- By facility format, stand-alone casinos held 51.4% of the Europe casino gambling market share in 2024; integrated resorts are forecast to grow at an 8.1% CAGR through 2030.
- By ownership structure, commercial operators commanded 71% share of the Europe casino gambling market size in 2024, and tribal/indigenous properties remain the fastest-growing cohort with a 7.4% CAGR through 2030.
- By geography, Italy led with 42.74% of the Europe casino gambling market share in 2024, whereas Spain is advancing at a 12.38% CAGR between 2025 and 2030.
Europe Casino Gambling Market Trends and Insights
Drivers Impact Analysis
| Driver | ( ) % Impact on CAGR Forecast | Geographic Relevance | Impact Timeline |
|---|---|---|---|
| Post-COVID tourist rebound revives high-value table play | +3.2% | Mediterranean corridor | Short term (≤ 2 years) |
| Experiential entertainment demand lifts integrated resort visitation | +2.8% | Western & Northern Europe | Medium term (2-4 years) |
| Slot-machine tech upgrades and cashless payments raise drop/hold | +2.1% | UK, Germany, Netherlands | Medium term (2-4 years) |
| Cross-border bus-tour bundles attract value-seeking seniors | +1.4% | Alpine border regions | Short term (≤ 2 years) |
| Skill-based cabinets lure Gen-Z day-trippers | +1.8% | Urban UK and Nordics | Long term (≥ 4 years) |
| Danube riverboat-casino licensing corridor emerges | +0.9% | Central Europe | Long term (≥ 4 years) |
| Source: Mordor Intelligence | |||
Post-COVID Tourist Rebound Revives High-Value Table Play
European overnight stays reached 2.92 billion in 2023, 1.6% above 2019, and early 2025 data show a continued surge in Mediterranean destinations.[1]Eurostat, “Tourism statistics,” ec.europa.eu. Table-game revenue benefits disproportionately because international visitors gravitate toward premium live play that commands higher hold percentages than electronic gaming. Coastal resorts in Spain and Italy report baccarat drop margins exceeding pre-pandemic benchmarks as Northern European tourists extend average trip length. French border properties near Switzerland and Belgium are seeing weekday occupancy rates approach 2019 levels as cross-border day-trippers resume roulette sessions. Operators bundle dining credits with table minimum waivers to capture pent-up experiential demand, and VIP programs leverage digital ID verification to speed onboarding. These dynamics raise average revenue per available gaming seat and support capex payback on live-dealer pit refurbishments.
Experiential Entertainment Demand Lifts Integrated Resort Visitation
Consumers increasingly prefer multi-attraction destinations that combine gaming, retail, and live entertainment, mirroring broader lifestyle spending trends. Hard Rock’s USD 1.61 billion (EUR 1.5 billion) Athens integrated resort, slated for 2027, dedicates only 30% of floor area to casino operations, reflecting a shift toward diversified revenue streams.[2]Hard Rock International, “Our Locations – Athens,” hardrock.com. Operators in Germany and the Netherlands replicate this model with mixed-use expansions that secure favorable zoning approvals by promising tourism development and job creation. Integrated resorts extend visitor dwell time and widen demographic reach by appealing to non-gamers traveling with gaming companions. Revenues from F&B and ticketed events hedge against periodic gaming volatility, enhancing cash-flow resilience. Municipal authorities support such schemes to spur post-COVID urban regeneration, granting tax concessions or expedited permits that accelerate build-out timelines.
Slot-Machine Tech Upgrades and Cashless Payments Raise Drop/Hold
European venues are rolling out IGT’s Resort Wallet and comparable systems that allow funds to move seamlessly among slots, kiosks, and F&B outlets.[3]International Game Technology, “Resort Wallet,” igt.com. Cashless ecosystems meet stringent AML requirements by generating transparent audit trails, while also reducing soft costs linked to armored-car cash handling. Everi’s contactless modules, paired with Crane Payment’s hardware, cut transaction time by 20%, encouraging incremental session length. AI-driven recommendation engines deliver game suggestions based on historical play, lifting time-on-device indicators and rejuvenating appeal among digital-native audiences. Data integration across slot banks allows operators to fine-tune denom and volatility mixes in real time, optimizing yield per square meter. Early adopters in the UK and Germany report slot win per unit per day improvements ranging from 8-11% versus legacy floors.
Cross-Border Bus-Tour Bundles Attract Value-Seeking Seniors
Low-margin weekday periods pose occupancy challenges that regional operators offset through organized group tours from adjacent countries. German casinos near the Austrian and Swiss borders derive 40% of mid-week revenue from packages that include transport, buffet vouchers, and limited free play. These visitors, predominantly aged 55+, prefer mechanical reels and low-denomination blackjack, maintaining high seat utilization over six-hour average stays. Currency-exchange discrepancies and promotional price points create perceived bargain value, making tours resistant to inflation headwinds. Operators calibrate marketing by partnering with travel agencies and leveraging social clubs’ digital newsletters to drive bookings. Though deposit sizes are modest, predictability supports workforce scheduling and kitchen inventory management, improving overall cost control.
Restraints Impact Analysis
| Restraint | ( ) % Impact on CAGR Forecast | Geographic Relevance | Impact Timeline |
|---|---|---|---|
| Rising gambling taxes and stricter advertising caps | -2.4% | France, UK, Germany | Short term (≤ 2 years) |
| Tough AML and affordability checks slow high-roller volumes | -1.8% | UK, Netherlands, Nordics | Medium term (2-4 years) |
| Multilingual-croupier labor shortages inflate OPEX | -1.1% | Tourist-dependent regions | Short term (≤ 2 years) |
| Urban zoning curbs new casino floor expansion | -0.7% | Major metropolitan areas | Long term (≥ 4 years) |
| Source: Mordor Intelligence | |||
Rising Gambling Taxes and Stricter Advertising Caps
France proposes a 55.6% effective tax for potential online casinos, while Spain levied USD 69.98 million (EUR 65.4 million) in 2024 fines for advertising infractions. The UK’s February 2024 consultation on online slot stake limits exemplifies a pan-European pivot toward consumer-protection policies that dampen promotional agility. Fiscal authorities treat gambling duties as politically palatable revenue sources, squeezing operator margins and complicating ROI calculations on refurbishments. Compliance budgets balloon as marketing teams localize campaigns to meet diverging national standards on inducements and broadcast timing. Operators respond by reallocating spend toward loyalty programs and AI-driven CRM that fall outside broadcast caps yet preserve engagement momentum.
Multilingual-Croupier Labor Shortages Inflate OPEX
The European Labour Authority reported a 19% cross-border worker share in hospitality versus 8.7% across the broader economy, illustrating sectoral dependency on mobile talent.[4]European Labour Authority, “Report on Intra-EU Labour Mobility,” ela.europa.eu. Visa processing bottlenecks and rising living costs deter seasonal croupiers, forcing operators to raise wages or shorten operating hours. Language versatility is critical for table-game retention, especially in border markets where patrons expect service in multiple languages. Casinos Austria’s HR certification highlights employer-branding moves to attract scarce talent, yet housing subsidies and accelerated training pipeline investments inflate cost bases. Automation through electronic tables offsets some pressure but cannot fully replicate the live experience demanded by the premium clientele.
Segment Analysis
By Type: Slots Maintain Dominance While Skill-Based Growth Accelerates
Slots maintain a commanding 62% market share in 2024, reflecting their operational efficiency and broad appeal across diverse player demographics. However, skill-based slots represent the fastest-growing segment at 9.5% CAGR (2025-2030), as operators seek to attract Gen-Z players who prefer interactive gaming experiences over traditional chance-based mechanics. Electronic roulette follows at 7.8% growth, benefiting from reduced labor costs and consistent game availability compared to live dealer alternatives. Traditional table games, including baccarat (6.5% share), blackjack (8.1% share), and poker (4% share), maintain stable positions but face margin pressure from staffing shortages and regulatory compliance costs.
The emergence of hybrid arcade-style gaming cabinets addresses generational preferences while maintaining regulatory approval under existing slot machine frameworks. These products combine skill elements with underlying random number generation, creating familiar gameplay mechanics for players accustomed to mobile gaming interfaces. Cashless table games achieve 7.1% projected growth as operators integrate digital payment systems across gaming floors, reducing cash handling expenses and improving transaction security. Live-dealt poker experiences 6.5% expansion, driven by tournament-style events that generate ancillary revenue through entry fees and spectator engagement.
By Facility Format: Integrated Resorts Challenge Stand-Alone Supremacy
Stand-alone land-based properties held 51.4% of the Europe casino gambling market share in 2024 due to established urban footprints, yet integrated resorts will outpace them with an 8.1% CAGR through 2030. The Europe casino gambling market size derived from riverboat casinos is expected to grow 7% as Danube licensing widens addressable inventory. Cruise-ship gaming, while only 2.9% of value, anticipates 4.7% growth, hinging on pent-up cruise demand and onboard captive audiences. Racinos grow 5.6% by leveraging synergy between racing events and slot floors, capitalizing on existing infrastructure. Integrated developments allocate up to half of gross area to non-gaming attractions, smoothing cyclicality and supporting premium room-rate strategies that lift blended RevPAR.
Municipalities favor integrated resort proposals that bundle convention space, cultural venues, and green public zones, aligning with urban regeneration agendas. Operators negotiate tax abatements in exchange for job-creation guarantees and ESG commitments such as LEED-certified construction and renewable energy sourcing. Riverboat formats present lower capex barriers and flexible deployment along high-tourist waterways; regulatory frameworks mandate onboard surveillance interoperability with port authority systems, creating specialized vendor niches. Cruiseline operators upgrade cage systems to accept multi-currency digital wallets, enhancing spend capture from international passengers.
By Ownership Structure: Commercial Groups Drive Scale While Tribal Properties Accelerate
Commercial operators dominate with 71% market share in 2024, leveraging access to capital markets and operational expertise to drive efficiency gains across multi-property portfolios. Tribal/indigenous operations, despite holding only a 5.3% share, achieve the highest growth rate at 7.4% CAGR (2025-2030), reflecting regulatory advantages and cultural tourism appeal in Nordic countries. State-run operations maintain a 19.2% share with 4.9% growth, constrained by bureaucratic decision-making processes but benefiting from regulatory certainty and public sector backing.
The commercial segment's growth acceleration stems from strategic acquisitions and technology investments that enhance operational leverage. FDJ's transformation into FDJ United following the Kindred Group acquisition exemplifies how traditional lottery operators expand into broader gaming markets through M&A activity. State-run operators face political pressure to maximize tax contributions while maintaining responsible gaming standards, creating tension between revenue optimization and public policy objectives. Tribal operations benefit from sovereign immunity protections and cultural authenticity that appeals to experience-seeking tourists, particularly in Scandinavian markets where indigenous heritage attracts international visitors.
Geography Analysis
Italy captured 42.74% of 2024 revenue, anchored by heritage venues in Venice, San Remo, and Campione that meld architectural distinction with modern gaming portfolios. The government’s 2024 gambling framework, featuring USD 7.49 million (EUR 7 million) online license fees and nine-year concessions, provides regulatory predictability. Operators reinvest in restoration projects that elevate premium positioning and command higher table minimums among foreign tourists. Italy’s robust domestic propensity to gamble supports mid-week utilization, balancing seasonal tourist swings. Cashless slot deployments accelerate in the Lombardy cluster, reducing cash-in-transit costs and aligning with new AML directives.
Spain is projected to post the region’s fastest 12.38% CAGR, leveraging tourism resurgence along Mediterranean and Atlantic coasts. Supreme Court relaxation of advertising curbs in 2024 restored operator marketing flexibility while new digital ID verification strengthens consumer-protection reputation. Integrated resort proposals in Catalonia and Andalusia receive municipal backing because they promise job creation and off-season tourist traffic. Domestic operators Cirsa and Codere upgrade aging slot inventories with AI-enabled personalization to satisfy Gen-Z tastes. Cross-border patronage from Portugal and France supplements domestic spend, diversifying revenue sources.
Germany, France, and the UK comprise mature markets that face headwinds from heightened tax burdens and marketing restrictions, limiting expansionary capex. Yet each retains high per-capita spend, underpinned by affluent customer bases and stable infrastructure. BENELUX jurisdictions leverage compact geography to attract cross-border visitors through multi-day tour bundles. Nordic countries showcase potential through tribal enterprises and eco-integrated resorts emphasizing sustainable design, aligning with the region’s environmental ethos.
Competitive Landscape
The European casino gambling market shows moderate concentration, with a major number of operators dominating the competitive landscape. Groupe Lucien Barrière holds a leadership position, supported by its strong footprint across France and Switzerland. Groupe Partouche remains a key player, capitalizing on its extensive portfolio of city-center casinos in regional markets. Casinos Austria AG maintains its influence through a long-standing monopoly license and a well-established presence in both land-based and online gaming. Meanwhile, FDJ United is expanding beyond its lottery roots via the acquisition of Kindred, and Allwyn is leveraging Novibet’s platform to strengthen its reach across Southern Europe.
Technology modernization has become a central strategic priority for many operators. Evolution Gaming plays a pivotal role, supplying live-casino content to a wide range of brands and maintaining a dominant 70% share in the European streaming studio segment. The acquisition of VizExplorer by Quick Custom Intelligence in 2025 highlights the growing demand for advanced analytics tools that enhance player segmentation and optimize table performance. Many casinos are integrating customer relationship management (CRM) systems with responsible gaming platforms to ensure regulatory compliance and maintain license credibility. These initiatives reflect a broader shift toward data-driven decision-making and operational efficiency.
Environmental, social, and governance (ESG) standards are increasingly shaping investment and operational decisions across the industry. Operators that prioritize renewable energy use and community outreach initiatives are rewarded with better financing conditions. Transitioning hospitality and gaming systems to the cloud is also reducing capital expenditures while enhancing cybersecurity and agility. Cloud-based systems enable faster feature deployment, ensuring casinos stay competitive in a rapidly evolving digital environment. Additionally, industry alliances are pushing for unified advertising and technology standards across Europe to simplify regulatory compliance and balance consumer protection with commercial viability.
Europe Casino Gambling Industry Leaders
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Groupe Lucien Barrière
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Groupe Partouche
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Casinos Austria AG
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Holland Casino
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Rank Group (Grosvenor Casinos)
- *Disclaimer: Major Players sorted in no particular order
Recent Industry Developments
- July 2025: Apollo Funds completed USD 6.3 billion all-cash acquisition of International Game Technology PLC's Gaming & Digital business and Everi Holdings Inc., creating a combined privately held global gaming enterprise operating under the IGT name.
- March 2025: FDJ rebranded to FDJ United following completion of its USD 2.62 billion (EUR 2.45 billion) acquisition of Kindred Group, positioning the combined entity as a European gaming champion with expanded online sports betting and casino capabilities. The transformation reflects FDJ's evolution from a French lottery monopoly to a pan-European gaming operator with diversified revenue streams across regulated markets.
- December 2024: Allwyn International acquired a 51% stake in Novibet for USD 349.89 million (EUR 327 million), strengthening its iGaming capabilities across Greece, Malta, Ireland, Italy, Cyprus, Brazil, and Mexico. The deal supports Allwyn's expansion strategy following its 2024 UK National Lottery acquisition and positions the company for further European market penetration.
- October 2024: Glitnor Group acquired multinational casino operator OneCasino, expanding its European footprint through vertical integration of online gaming operations. The transaction reflects ongoing consolidation trends as operators seek scale advantages and regulatory compliance capabilities across multiple jurisdictions.
Europe Casino Gambling Market Report Scope
A casino is a facility for certain types of gambling. Casinos are often built near or combined with hotels, resorts, restaurants, retail shops, cruise ships, and other tourist attractions. This report aims to provide a detailed analysis of the Europe casino gambling market. It focuses on the market dynamics, emerging trends in the segments and regional markets, and insights into the various product and application types. Also, it analyzes the key players and the competitive landscape.
Europe's casino gambling market is segmented by type (live casino, baccarat, blackjack, poker, slots, and other casino games), by application (online and offline), and by geography (Germany, the United Kingdom, France, Italy, and the rest of Europe).
The report offers market size and values in USD during the forecast period for the above segments.
| Live Casino |
| Baccarat |
| Blackjack |
| Poker |
| Slots |
| Other Casino Games |
| Integrated Resort Casinos |
| Stand-alone Land-based Casinos |
| Riverboat Casinos |
| Cruise-Ship Casinos |
| Racinos |
| Commercial |
| Tribal / Indigenous |
| State-run |
| United Kingdom |
| Germany |
| France |
| Spain |
| Italy |
| BENELUX (Belgium, Netherlands, Luxembourg) |
| NORDICS (Denmark, Finland, Iceland, Norway, Sweden) |
| Rest of Europe |
| By Type | Live Casino |
| Baccarat | |
| Blackjack | |
| Poker | |
| Slots | |
| Other Casino Games | |
| By Facility Format | Integrated Resort Casinos |
| Stand-alone Land-based Casinos | |
| Riverboat Casinos | |
| Cruise-Ship Casinos | |
| Racinos | |
| By Ownership Structure | Commercial |
| Tribal / Indigenous | |
| State-run | |
| By Geography | United Kingdom |
| Germany | |
| France | |
| Spain | |
| Italy | |
| BENELUX (Belgium, Netherlands, Luxembourg) | |
| NORDICS (Denmark, Finland, Iceland, Norway, Sweden) | |
| Rest of Europe |
Key Questions Answered in the Report
How large is the Europe casino gambling market in 2025?
It stands at USD 80.13 billion and is projected to reach USD 155.49 billion by 2030 at a 14.18% CAGR.
Which product category dominates casino gaming in Europe?
Slots led with 62% revenue share in 2024, supported by continual floor availability and high margins.
Which European country generates the most casino revenue?
Italy leads with a 42.74% share thanks to its heritage venues and steady tourist flow.
What format is growing fastest among European casinos?
Integrated resort casinos are forecast to expand at an 8.1% CAGR through 2030 by blending gaming with entertainment and hospitality.
How are regulations affecting operator margins?
Rising taxes and stricter advertising caps, especially in France and the UK, trim profitability, although technology upgrades help mitigate some cost pressure.
Which acquisition reshaped the competitive landscape recently?
FDJ’s USD 2.62 billion (EUR 2.45 billion) purchase of Kindred Group in March 2025 created a pan-European operator with diversified online and land-based assets.
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