Europe Casino Gambling Market Size and Share

Europe Casino Gambling Market (2025 - 2030)
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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. 

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.

Europe Casino Gambling Market: Market Share by Type
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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. 

Europe Casino Gambling Market: Market Share by Ownership Structure
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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

  1. Groupe Lucien Barrière

  2. Groupe Partouche

  3. Casinos Austria AG

  4. Holland Casino

  5. Rank Group (Grosvenor Casinos)

  6. *Disclaimer: Major Players sorted in no particular order
Europe Casino Gambling Market Concentration
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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.

Table of Contents for Europe Casino Gambling Industry Report

1. Introduction

  • 1.1 Study Assumptions and Market Definition
  • 1.2 Scope of the Study

2. Research Methodology

3. Executive Summary

4. Market Landscape

  • 4.1 Market Overview
  • 4.2 Market Drivers
    • 4.2.1 Post-COVID tourist rebound revives high-value table-game play
    • 4.2.2 Experiential entertainment demand boosts integrated-resort visitation
    • 4.2.3 Slot-machine tech upgrades and cashless payments raise drop/hold
    • 4.2.4 Cross-border bus-tour casino bundles attract value-seeking mid-seniors
    • 4.2.5 Skill-based cabinets lure Gen-Z day-trippers
    • 4.2.6 Emerging Danube riverboat-casino licensing corridor
  • 4.3 Market Restraints
    • 4.3.1 Rising gambling taxes and stricter advertising caps
    • 4.3.2 Tough AML / affordability checks slow high-roller volumes
    • 4.3.3 Multilingual-croupier labour shortages inflate OPEX
    • 4.3.4 Urban zoning curbs new casino floor-space expansion
  • 4.4 Value / Supply-Chain Analysis
  • 4.5 Regulatory Landscape
  • 4.6 Technological Outlook
  • 4.7 Porter’s Five Forces
    • 4.7.1 Threat of New Entrants
    • 4.7.2 Bargaining Power of Suppliers
    • 4.7.3 Bargaining Power of Buyers
    • 4.7.4 Threat of Substitutes
    • 4.7.5 Competitive Rivalry

5. Market Size and Growth Forecasts

  • 5.1 By Type
    • 5.1.1 Live Casino
    • 5.1.2 Baccarat
    • 5.1.3 Blackjack
    • 5.1.4 Poker
    • 5.1.5 Slots
    • 5.1.6 Other Casino Games
  • 5.2 By Facility Format
    • 5.2.1 Integrated Resort Casinos
    • 5.2.2 Stand-alone Land-based Casinos
    • 5.2.3 Riverboat Casinos
    • 5.2.4 Cruise-Ship Casinos
    • 5.2.5 Racinos
  • 5.3 By Ownership Structure
    • 5.3.1 Commercial
    • 5.3.2 Tribal / Indigenous
    • 5.3.3 State-run
  • 5.4 By Geography
    • 5.4.1 United Kingdom
    • 5.4.2 Germany
    • 5.4.3 France
    • 5.4.4 Spain
    • 5.4.5 Italy
    • 5.4.6 BENELUX (Belgium, Netherlands, Luxembourg)
    • 5.4.7 NORDICS (Denmark, Finland, Iceland, Norway, Sweden)
    • 5.4.8 Rest of Europe

6. Competitive Landscape

  • 6.1 Market Concentration
  • 6.2 Strategic Moves
  • 6.3 Market Share Analysis
  • 6.4 Company Profiles (includes Global level Overview, Market level overview, Core Segments, Financials as available, Strategic Information, Market Rank/Share for key companies, Products & Services, and Recent Developments)
    • 6.4.1 Groupe Lucien Barrière
    • 6.4.2 Groupe Partouche
    • 6.4.3 JOA Group
    • 6.4.4 Casinos Austria AG
    • 6.4.5 Holland Casino
    • 6.4.6 Rank Group (Grosvenor Casinos)
    • 6.4.7 Genting UK
    • 6.4.8 Aspers Group
    • 6.4.9 Caesars Entertainment UK
    • 6.4.10 Merkur Spielbanken (Gauselmann)
    • 6.4.11 Casino Cosmopol
    • 6.4.12 Cirsa
    • 6.4.13 Codere
    • 6.4.14 Groupe Tranchant
    • 6.4.15 Olympic Entertainment Group
    • 6.4.16 Estoril Sol
    • 6.4.17 Grand Casino Luzern
    • 6.4.18 Casino Baden AG
    • 6.4.19 Casino 2000 Luxembourg
    • 6.4.20 Casino di Venezia

7. Market Opportunities and Future Outlook

  • 7.1 Premium food-and-beverage micro-brands inside mid-tier casinos
  • 7.2 AI-driven yield-management of table limits and staffing
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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.

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
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
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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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