As the casino industry continues to grow, investors have become increasingly interested in the potential of 2022 forex reports. From billionaire casino moguls to the average person, all eyes are now on the projected success of casino enterprises in the coming years. This article will discuss the potential and outlook of the 2022 forex market for the casino industry, and what it could mean for investors. The global casino industry is expected to reach $197 billion by 2022, with an annual growth rate of 5.2%, according to a recent Persistence Market Research report. In terms of revenue, the top-performing country is the US, with a 46.5% share of the global market, followed by China with 11.5%, and Hong Kong with 8.1%.
In the US, the casino industry consists mainly of commercial casinos, tribal casinos, racinos, and riverboats. In 2020, the industry’s total revenue in the US was estimated to be worth $87.3 billion. In the commercial and tribal casino sectors, slot machines and table games were the major revenue contributors, making up 67.4% and 24.9% of the industry’s total revenue respectively.
In 2021, analysts expect to see a slower growth in the US casino industry, with the expected decline in slot machine revenue partially offset by an increase in table game revenue. In addition, growth in non-gaming activities such as entertainment, dining, and shopping is expected to boost the sector’s revenues.
Meanwhile, regional markets such as Macau, Singapore, and Philippines are estimated to continue driving the Asian gaming industry, with their casino sectors poised to experience a combined compound annual growth rate of 5.6% between 2020 and 2022. Macau is expected to remain the world’s largest casino market, with revenues of $37.7 billion in 2022, followed by Singapore and the Philippines.
Overall, the global casino industry is expected to continue growing over the forecast period, with increased spending on casino gaming across all age groups and jobs growth in support of new casino venues. In particular, the launch of integrated resorts is expected to drive up demand for gaming-related expenditure and help create new jobs.