Casino Hotels Market Size and Share
Market Overview
| Study Period | 2019 - 2030 |
|---|---|
| Market Size (2025) | USD 157.23 Billion |
| Market Size (2030) | USD 203.84 Billion |
| Growth Rate (2025 - 2030) | 5.33% CAGR |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | North America |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order Image © Mordor Intelligence. Reuse requires attribution under CC BY 4.0. |
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Casino Hotels Market Analysis by Mordor Intelligence
The casino hotels market generated USD 157.23 billion in 2025 and is projected to reach USD 203.84 billion by 2030, registering a 5.33% CAGR over the forecast period. The casino hotels market benefits from pent-up leisure demand, destination marketing, and new regulatory openings. Operators are deploying asset-light digital capabilities, rolling out AI-driven pricing engines, and intensifying loyalty-program linkages to capture higher customer lifetime value. Integrated resort pipelines in the UAE, Greece, and Thailand highlight investors’ appetite for multi-use entertainment districts, while established hubs such as Las Vegas continue to surpass pre-pandemic gaming revenue records. Supply discipline, targeted renovation,s and disciplined cost controls support margin resilience, even as wage and utility costs rise in major markets.
Key Report Takeaways
- By type, stand-alone properties led with 36.21% revenue in 2024, whereas integrated resorts are set to expand at 7.20% CAGR through 2030 in the casino hotels market.
- By revenue source, gaming held 46.89% of the casino hotels market share in 2024; non-gaming is growing at 8.62% CAGR to 2030.
- By star rating, luxury hotels accounted for 61.23% of the casino hotels market size in 2024 and are advancing at 7.76% CAGR.
- By geography, North America commanded 42.62% revenue share in 2024, while Asia-Pacific is forecast to post the fastest 8.31% CAGR in the casino hotels market.
- Five leading operators, MGM Resorts, Las Vegas Sands, Caesars Entertainment, Wynn Resorts, and Galaxy Entertainment, collectively controlled a dominant position in 2024.
Global Casino Hotels Market Trends and Insights
Drivers Impact Analysis
| Driver | (~) % Impact on CAGR Forecast | Geographic Relevance | Impact Timeline |
|---|---|---|---|
| Rising legalization of casino gambling in emerging markets | +1.2% | Asia-Pacific, Latin America, Middle East | Medium term (2-4 years) |
| Recovery and growth in international tourism post-pandemic | +0.9% | Global, with concentration in Asia-Pacific and Europe | Short term (≤ 2 years) |
| Integrated resorts' diversified non-gaming revenue streams | +0.8% | Global, led by Asia-Pacific and North America | Long term (≥ 4 years) |
| Advanced data analytics & AI optimizing total-revenue management | +0.6% | North America, Europe, developed APAC markets | Medium term (2-4 years) |
| Growing demand for e-sports & experiential MICE at casino resorts | +0.4% | North America, Europe, urban Asia-Pacific | Long term (≥ 4 years) |
| Government-led destination mega-projects attracting investment | +0.7% | Middle East, Southeast Asia, selected Latin America | Long term (≥ 4 years) |
| Source: Mordor Intelligence | |||
Rising Legalization of Casino Gambling in Emerging Markets
Thailand’s draft Entertainment Complex Bill requires a minimum THB 100 billion (USD 2.8 billion) investment and proposes a 17% GGR tax, positioning the country to tap an estimated USD 5 billion annual gaming opportunity. Brazil implemented Law 14,790/2023 in January 2025, mandating BRL 30 million (USD 5.5 million) paid-in capital and a 12% GGR tax for licensees. The UAE is debuting the region’s first integrated resort, Wynn Al Marjan Island, forecast to secure at least USD 1.33 billion in annual gaming revenue. Such openings create white-space expansion paths for global operators seeking casino hotels market diversification.
Recovery and Growth in International Tourism Post-Pandemic
International visitor arrivals to Las Vegas climbed to 4.7 million in 2023, signaling a re-acceleration of cross-border demand. Singapore welcomed 13.6 million tourists who spent USD 27.2 billion, with its two integrated resorts contributing 1-2% of GDP. Macau recorded 34.9 million arrivals in 2024, lifting the average daily GGR to MOP 620 million. Variations in recovery by source market, such as Chinese visitation to Macau recovering to only 61% of 2019 levels in Q2 2024, are encouraging operators to widen their geographic marketing mix. Dynamic room pricing and targeted promotions are improving RevPAR while sustaining capacity utilization.
Integrated Resorts Diversified Non-Gaming Revenue Streams
Cornell Hospitality Quarterly notes that added retail, dining and entertainment facilities materially lift slot-machine volumes, though table-game volumes show marginal change. Macau concessionaires exhibit lower diversification than Las Vegas peers, yet each 1-point rise in non-gaming share typically enhances net profit margin by 0.3 points. Las Vegas Sands has committed USD 4.5 billion to non-gaming cultural attractions in Macao, while Marina Bay Sands is spending USD 1.75 billion on suite upgrades and new F&B venues. Revenue stability from non-gaming streams shields earnings from table-volume fluctuations.
Advanced Data Analytics & AI Optimizing Total-Revenue Management
Hotels adopting AI achieve accurate occupancy forecasts, predict utility use, and expedite personalized offers. Caesars Entertainment runs dynamic room-pricing algorithms that update every 15 minutes, while Wynn Las Vegas uses AI-driven in-room controls to moderate energy consumption. The 2023 Formula 1 Las Vegas Grand Prix delivered USD 1.3 billion in economic impact and allowed hotels to package premium race-viewing suites at more than USD 1 million. Predictive hospitality programs are boosting average guest satisfaction scores by 6-10 points.
Restraints Impact Analysis
| Restraint | (~) % Impact on CAGR Forecast | Geographic Relevance | Impact Timeline |
|---|---|---|---|
| Stringent licensing regimes & political opposition to gambling | -0.8% | Global, particularly Europe and conservative jurisdictions | Long term (≥ 4 years) |
| Heightened social-responsibility & problem-gambling regulations | -0.5% | North America, Europe, developed Asia-Pacific | Medium term (2-4 years) |
| Younger generations' shift to online & mobile gaming | -0.6% | North America, Europe, developed Asia-Pacific | Medium term (2-4 years) |
| Rising climate & ESG risks for coastal casino-resort assets | -0.4% | Coastal regions globally, particularly Caribbean, Southeast Asia, US G | Long term (≥ 4 years) |
| Source: Mordor Intelligence | |||
Stringent Licensing Regimes & Political Opposition to Gambling
Germany’s Interstate Treaty on Gambling 2021 imposed a 5.3% tax on player stakes and local-data-hosting rules. The EU’s AML regulation, effective July 2027, will standardize enhanced due diligence obligations for casinos. Macau’s Law 7/2024 restricts junket promoters, and Law 20/2024 tightens penalties for unlicensed gaming[1]Chambers Global Practice Guides, “Macau Gaming Law Update 2024,” chambers.com . The Czech Republic’s 2024 amendment raised the minimum capital to CZK 50 million (USD 2.2 million) and lifted the GGR tax to 30%. Heightened compliance costs discourage smaller operators and can slow green-field developments in highly regulated jurisdictions.
Younger Generations’ Shift to Online & Mobile Gaming
Generation Z prioritizes digital-first convenience, eco-awareness, and authentic local experiences. AR, VR, and 5G now support immersive mobile gaming, while blockchain ensures secure, friction-free transactions. Cloud gaming eliminates hardware barriers, and biometric check-in reduces queue times and improves security. Penn Entertainment’s emphasis on online sports betting contributed to nearly USD 1 billion in 2024 losses, prompting activist calls for strategic realignment. Casino hotels must integrate robust digital touchpoints while preserving the social atmosphere that distinguishes physical resorts.
Segment Analysis
By Type: Integrated Resorts Drive Premium Growth
Integrated-resort properties contributed 32.7% of 2024 revenue and are expanding at 7.20% CAGR, the fastest among all formats. The casino hotels market rewards their diversified income models, with F&B, retail, and entertainment often generating more than 55% of property EBITDA. Stand-alone casino hotels maintain a 36.21% leading slice of 2024 revenue due to lower capital hurdles and faster development timelines, making them attractive in mid-tier urban corridors and tribal jurisdictions.
Cruise and riverboat gaming remains niche but strategically important in heavily regulated land-based environments; mobility allows operators to redeploy tonnage to follow disposable-income trends. Jamaica welcomed its first casino at the 2,037-room Princess Grand Jamaica in 2025, highlighting the pathway for leisure islands to enter the casino hotels market. Tribal expansions such as Enterprise Rancheria’s USD 2-4 billion enlargement of Hard Rock Sacramento depict the sector’s confidence in regional drive-up demand.
Note: Segment shares of all individual segments available upon report purchase
By Revenue Source: Non-Gaming Acceleration Reshapes Business Models
Gaming still delivered 46.89% of aggregate 2024 revenue, yet non-gaming streams are pacing an 8.62% CAGR through 2030. Each percentage-point rise in non-gaming contribution typically reduces earnings volatility and lengthens average stays. Rooms revenue has benefited from a record-high USD 193.16 ADR on the Las Vegas Strip in 2024. Chef-driven dining, theaters and branded retail improve cross-spend; the Formula 1 Las Vegas Grand Prix illustrated how large-scale events can add USD 1.3 billion of local economic value and raise RevPAR 25-40% during race week. Strategic alliances such as MGM Resorts’ tie-up with Marriott, generating 140,000 incremental bookings within months, signal the importance of partnership ecosystems.
By Star Rating: Luxury Segment Commands Premium Positioning
Luxury units captured 61.23% of revenue in 2024 and are charting a 7.76% CAGR to 2030, underscoring travelers’ willingness to pay for exclusive amenities. Luxury revPAR surpassed pre-pandemic peaks across Las Vegas and Macau portfolios in late 2024, aided by curated dining and wellness experiences. Upper-upscale complexes deliver balanced growth, bridging aspirational and midpoint consumer segments. Midscale and economy tiers face margin compression as they compete with short-term rentals and lifestyle hostels that resonate with younger travelers. Wynn Resorts’ planned USD 5 billion themed entertainment hub reinforces premiumization strategies.
Note: Segment shares of all individual segments available upon report purchase
By End-User: International Travelers Drive Growth Acceleration
Domestic leisure travelers accounted for 54.47% of 2024 check-ins, reflecting strong intra-regional tourism and drive-to demand during travel-restriction years. International leisure arrivals, however, are forecast to post an 8.09% CAGR, fueled by the reopening of long-haul flight corridors and rapid e-visa issuance in Southeast Asia. MGM Resorts recorded a 43% year-over-year surge in convention bookings in December 2024 as MICE demand rebounded. High-roller and VIP gamers, though smaller in volume, generate outsized EBITDA owing to premium-table minimums and bespoke services such as private jet charters.
Geography Analysis
North America retained 42.62% of 2024 revenue. The region’s casino hotels market size gains momentum from resilient domestic spending, tax-efficient tribal arrangements and a robust events calendar. Las Vegas reached USD 13.5 billion in 2024 GGR, anchoring its role as the global gaming epicenter. Urban revitalization projects in Chicago and New York promise incremental supply, and stringent bidding processes limit speculative entrants. ,
Asia-Pacific is the chief growth engine, forecasting an 8.31% CAGR through 2030, supported by Macau’s 9% EBITDA growth outlook and multi-billion-dollar developments across Japan, the Philippines, and Thailand. Wynn Al Marjan Island, slated for a 2027 debut, will set the blueprint for integrated resorts in the Middle East. Singapore’s integrated resorts contributed up to 2% of national GDP in 2024, demonstrating the fiscal upside of well-regulated environments[2]Ministry of Trade and Industry Singapore, “Tourism Performance 2024,” mti.gov.sg.
Europe presents a bifurcated scene: legacy hubs such as Monaco and the UK grapple with tax hikes and safer-gaming mandates, whereas Greece’s EUR 1.5 billion Hellinikon project showcases Southern Europe’s tourism-led revival. Brazil’s legal market launch in 2025 marks a watershed for South America, with global brands lining up to access Latin America’s largest economy. Africa’s prospects remain nascent but Abu Dhabi-based sovereign funds are evaluating North African coastal resorts.
Competitive Landscape
The casino hotel market is moderately concentrated. The top five groups, MGM Resorts, Las Vegas Sands, Caesars Entertainment, Wynn Resorts, and Galaxy Entertainment, leveraged scale advantages in loyalty ecosystems, data analytics, and balance-sheet strength to safeguard share. MGM Resorts posted a record USD 17.2 billion in 2024 revenue, buoyed by 94% Strip occupancy[3]Source: MGM Resorts, “2024 Annual Report,” mgmresorts.com. Wynn Resorts secured USD 2.4 billion in financing for its UAE resort, the largest single hospitality financing in the Gulf.
M&A appetite is underscored by Bally’s USD 4.6 billion go-private transaction with Standard General and Boyd Gaming’s approach to Penn Entertainment. Asset-light REIT structures, typified by VICI Properties’ USD 300 million One Beverly Hills investment, illustrate investors’ preference for stable triple-net leases. Technology adoption is a competitive differentiator: Caesars’ dynamic pricing engine lifted blended ADR 6% in 2024, while Galaxy Entertainment integrated facial recognition boarding in its Cotai VIP entrances.
White-space opportunities in newly legal markets reward operators with proven regulatory-engagement track records. Thailand’s THB 100 billion capital bar will favor global giants over local newcomers. Brazil’s BRL 30 million capitalization rule is modest by international standards, potentially fostering a fragmented field ripe for roll-ups within five years.
Casino Hotels Industry Leaders
-
Las Vegas Sands Corporation
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MGM Resorts International
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Caesars Entertainment Corporation
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Galaxy Entertainment Group
-
Wynn Resorts Limited
- *Disclaimer: Major Players sorted in no particular order
Recent Industry Developments
- June 2025: The Catawba Indians confirmed a USD 1 billion Two Kings Casino Resort opening in spring 2027 with 4,300 slots and 100 tables.
- April 2025: Enterprise Rancheria and Hard Rock unveiled a USD 2-4 billion expansion at Hard Rock Sacramento, ground-breaking 2026.
- March 2025: Caesars announced The Cromwell’s rebrand into The Vanderpump Hotel, opening early 2026.
Global Casino Hotels Market Report Scope
Casino hotels are properties that offer both accommodation and gaming facilities to guests. These hotels typically feature a casino or gaming floor along with other amenities such as restaurants, bars, shopping areas, entertainment venues, and recreational facilities. The casino section of the hotel typically offers a variety of games, including slot machines, table games, and other gaming options.
The Casino Hotels Market Is Segmented By Type (Small And Medium-Sized Casinos, Large Integrated Casino Resorts, And Cruise Ships), By Application (Leisure, Business, And Others), And By Geography (North America, Europe, Asia Pacific, Latin America, And The Middle East And Africa). The Market Size And Forecasts Are Provided In Terms Of Value (USD) For All The Above Segments.
| Integrated-Resort Casino Hotels |
| Stand-Alone Casino Hotels |
| Tribal Casino Hotels |
| Cruise & Riverboat Casino Hotels |
| Gaming Revenue | |
| Non-Gaming Revenue | Rooms |
| Food & Beverage | |
| Entertainment & Retail |
| Luxury |
| Upper-Upscale |
| Midscale |
| Economy & Budget |
| Domestic Leisure Travellers |
| International Leisure Travellers |
| Business & MICE Travellers |
| High-Roller / VIP Gamers |
| North America | Canada |
| United States | |
| Mexico | |
| South America | Brazil |
| Peru | |
| Chile | |
| Argentina | |
| Rest of South America | |
| Asia-Pacific | India |
| China | |
| Japan | |
| Australia | |
| South Korea | |
| South East Asia (Singapore, Malaysia, Thailand, Indonesia, Vietnam, and Philippines) | |
| Rest of Asia-Pacific | |
| Europe | United Kingdom |
| Germany | |
| France | |
| Spain | |
| Italy | |
| BENELUX (Belgium, Netherlands, and Luxembourg) | |
| NORDICS (Denmark, Finland, Iceland, Norway, and Sweden) | |
| Rest of Europe | |
| Middle East and Africa | United Arab Emirates |
| Saudi Arabia | |
| South Africa | |
| Nigeria | |
| Rest of Middle East and Africa |
| By Type | Integrated-Resort Casino Hotels | |
| Stand-Alone Casino Hotels | ||
| Tribal Casino Hotels | ||
| Cruise & Riverboat Casino Hotels | ||
| By Revenue Source | Gaming Revenue | |
| Non-Gaming Revenue | Rooms | |
| Food & Beverage | ||
| Entertainment & Retail | ||
| By Star Rating | Luxury | |
| Upper-Upscale | ||
| Midscale | ||
| Economy & Budget | ||
| By End-User / Traveller Type | Domestic Leisure Travellers | |
| International Leisure Travellers | ||
| Business & MICE Travellers | ||
| High-Roller / VIP Gamers | ||
| By Geography | North America | Canada |
| United States | ||
| Mexico | ||
| South America | Brazil | |
| Peru | ||
| Chile | ||
| Argentina | ||
| Rest of South America | ||
| Asia-Pacific | India | |
| China | ||
| Japan | ||
| Australia | ||
| South Korea | ||
| South East Asia (Singapore, Malaysia, Thailand, Indonesia, Vietnam, and Philippines) | ||
| Rest of Asia-Pacific | ||
| Europe | United Kingdom | |
| Germany | ||
| France | ||
| Spain | ||
| Italy | ||
| BENELUX (Belgium, Netherlands, and Luxembourg) | ||
| NORDICS (Denmark, Finland, Iceland, Norway, and Sweden) | ||
| Rest of Europe | ||
| Middle East and Africa | United Arab Emirates | |
| Saudi Arabia | ||
| South Africa | ||
| Nigeria | ||
| Rest of Middle East and Africa | ||
Key Questions Answered in the Report
What is the current value of the casino hotels market?
The casino hotels market stood at USD 157.23 billion in 2025 and is projected to climb to USD 203.84 billion by 2030 at a 5.33% CAGR.
Which type of casino hotel is growing the fastest?
Integrated resorts are growing the quickest, advancing at 7.20% CAGR thanks to diversified non-gaming revenue streams and larger average spend per guest.
Which is the fastest growing region in Casino Hotels Market?
Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2025-2030).
Why is Asia-Pacific considered the main growth engine?
Asia-Pacific combines Macau’s rebound, new legal markets in Thailand and the UAE and rising middle-class incomes, resulting in an 8.31% regional CAGR forecast.
How important is non-gaming revenue for operators?
Non-gaming revenue is expanding at 8.62% CAGR; each incremental point in its share typically improves margins while reducing dependence on table-game volumes.
Which companies dominate the casino hotels market?
MGM Resorts, Las Vegas Sands, Caesars Entertainment, Wynn Resorts and Galaxy Entertainment collectively hold the largest share through scale, loyalty programs and global expansion.
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