Gambling in Canada - Industry Market Research Report

Gambling in Canada - Industry Market Research Report

  • September 2019 •
  • 36 pages •
  • Report ID: 4639873 •
  • Format: PDF
Bet on it: Operators will likely contend with competition from alternative entertainment options

Abstract

Gambling in Canada
Revenue for the Gambling industry in Canada has stagnated over the five years to 2019 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. Slow per capita disposable income growth coupled with rising prices for many essential products has left less money in the pockets of consumers. The Gambling industry in Canada is highly concentrated due to its unique regulatory structure, under which provinces control the licensing, and in some cases, the operation of games of chance. All provinces participate in national lottery schemes, but each has different standards relating to games of chance. The industry’s success over the five years to 2024 will depend on how well operators respond to changing consumer demands and dynamic market conditions. Due to lost revenues from offshore online gambling, clearer regulation regarding online gambling is expected from a provincial standpoint.

This industry 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 establishments 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.
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