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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