Overview of Casino Economics Casinos generate significant economic activity. They contribute to the local economy by attracting tourists, creating jobs, and generating tax revenue. For example, in the United States, casinos added $261 billion to the economy in 2017. Hotels, restaurants, and entertainment venues around casinos often see increased business. Tourism is a primary benefit […]
Las Vegas: The Classic Choice Las Vegas remains a top destination for gamblers. The city constantly evolves, introducing new attractions and developments. Recent Developments Las Vegas has seen several recent developments. Resorts World Las Vegas opened in June 2021, offering 3,506 rooms and a 117,000-square-foot casino. Additionally, the city has embraced cashless gaming technology, allowing
Biggest Gambling Hubs in the World: What’s New in 2023? Read More »
Overview of Recent Mergers and Acquisitions Recent months have seen notable mergers and acquisitions in the gambling industry, significantly shaping its landscape. MGM Resorts and Entain In January 2023 MGM Resorts acquired British betting giant Entain for $11 billion. This move doubled MGM’s market share in sports betting, particularly expanding their BetMGM platform. This acquisition
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Overview of Global Gambling Markets Global gambling markets encompass various regions with diverse gambling practices. Asia-Pacific, Europe, and North America dominate the sector, generating substantial revenue. In 2021, the global gambling market reached $464.23 billion, demonstrating significant growth despite regulatory challenges. Asia-Pacific holds a significant share, with countries like China and Japan leading the charge.
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History Of Sports Betting Sports betting has ancient roots, influencing societies across different eras. Early records show Greeks started betting on athletic events around 776 BC, coinciding with the first Olympic Games. Romans adopted this practice, integrating betting into gladiatorial combats. By 60 AD, betting became a formal part of entertainment in Rome. During medieval
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Overview of Gambling in Asia The gambling market in Asia has experienced rapid expansion. Countries like Macau, Singapore, and the Philippines have become major players. Their thriving casino and online gambling industries attract millions of tourists annually, generating significant revenue. Macau is often called the “Gambling capital of the world.” Its casinos dwarf those in
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