Gambling in Canada - Industry Market Research Report

Gambling in Canada - Industry Market Research Report
Gambling in Canada

Revenue for the Canadian Gambling industry has declined over the five years to 2023 due to overall reduced demand for gambling. Canada is not the only country experiencing a slowdown in gambling, as spending on games of chance has declined across the Western world over the past five years. A rising unemployment rate and growing prices for many essential products have left less money in consumers' pockets. Furthermore, rising competition from gambling establishments in the United States and online gambling businesses have also contributed to falling revenue. Further, the industry will likely suffer from a rising loonie, which makes it relatively expensive for tourists to gamble at casinos. Overall, industry revenue is expected to decrease at a CAGR of 3.9% to $14.2 billion over the five years to 2023, plateauing in the current year. This decrease may be attributed to the COVID-19 pandemic, forcing gambling organizations to temporarily close facilities.

The Gambling industry in Canada provides short-term lodging in hotel facilities that have a casino on the premises. The casino operations may include table-wagering games and other gambling activities, such as slot machines and sports betting. These businesses may offer a range of services and amenities, such as food, beverages, entertainment, valet parking, swimming pools and conference and convention facilities.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.