This industry includes establishments involved in operating gambling facilities, such as casinos, bingo halls, video gaming terminals, lotteries, and off-track betting. Bingo parlors, coin-operated gambling device concession operators, bookmakers, lottery ticket sales agents, and card rooms are also included in this industry.
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The global gambling market was valued at $206 billion in 2017. Technological advancements, growing popularity of fitness centres, introduction of virtual theme parks and development of 360-degree technology to offer people a real-life experience of the virtual world are the factors that are expected to boost the market in the forecast period.
The gambling market is segmented into casino, lotteries, sports betting and others.
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The USA was the largest country in the market, accounting for nearly two-fifth of the global gambling market. This is mainly due to the largest markets for gambling with Las Vegas being the most popular city for this. The USA was followed by China and India as the next largest countries in the market.
The major competitors in the market are William Hill, MGM Resorts, Las Vegas Sands, Paddy Power, and Betfair Entertainment. MGM Resorts International is a global entertainment company with national and international locations featuring best-in-class hotels and casinos, state-of-the art meetings and conference spaces.
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