About $30 Billion of Annual Revenue is Taken in by Commercial Casinos, $20 Billion by State Lotteries, almost $20 Billion by Indian Casinos, and the rest by Horse Racing, Bingo, Charities, and Bookmaking.DUBLIN, Ireland -- Research and Markets (http://www.researchandmarkets.com/reports/c35287) has announced the addition of Gambling Operations - Industry Profile to their offering. The US gambling (gaming) industry consists of about 500 commercial casinos and 160 Indian casinos, with combined annual revenue close to $75 billion. Companies with large casino operations include MGM Mirage MGM Mirage (NYSE: MGM) is a Las Vegas, Nevada-based business engaged in the development, ownership and operation of hotels and casinos throughout the world. The company began operations on May 31, 2000 after the completion of a merger of MGM Grand Inc. and Mirage Resorts, Inc. , Harrah Entertainment, and Mandalay Resort Group Mandalay Resort Group was a hotel-casino operator based in Las Vegas, Nevada. Its major properties included Mandalay Bay, Luxor, Excalibur and Circus Circus, as well as half of the Monte Carlo. . About $30 billion of annual revenue is taken in by commercial casinos, $20 billion by state lotteries, almost $20 billion by Indian casinos, and the rest by horse racing horse racing, trials of speed involving two or more horses. It includes races among harnessed horses with one of two particular gaits, among saddled Thoroughbreds (or, less frequently, quarterhorses) on a flat track, or among saddled horses over a turf course with , bingo, charities, and bookmaking bookmaking Gambling practice of determining odds and receiving and paying off bets on the outcome of sporting events and other competitions. Horse racing is perhaps most closely associated with bookmaking, but boxing, baseball, football, basketball, and other sports have . (For gambling companies, "revenue" is the total amount bet minus winnings paid to gamblers.) Most casinos are small, limited by the size of the surrounding population. The industry has become highly concentrated: the top 20 companies hold more than 60 percent of the market. Growth in consumer income and state revenue needs have driven expansion of the US gambling industry. The profitability of individual companies depends on gambling volume, due to high fixed costs fixed costs, n.pl the costs that do not change to meet fluctuations in enrollment or in use of services (e.g., salaries, rent, business license fees, and depreciation). . Small gambling facilities can thrive by catering to a local clientele. Large operators have the financial resources to make large investments in facilities and efficient computer operations, and have cross-marketing opportunities. Gaming operators mainly provide a place or a means to play games of chance, where the odds of winning favor the house. Popular casino games are slot machines (slots); video poker Video poker is a casino game based on five-card draw poker. It is played on a computerized console which is a similar size to a slot machine. History Video poker first became commercially viable when it became economical to combine a television-like monitor with a ; and a variety of table games such as roulette roulette (r  lĕt`), game of chance popular in gambling casinos, and in a simplified form elsewhere. In gambling houses the roulette wheel is set in an oblong table. , baccarat baccarat (bä`kərä', băk`–, Fr. bäkärä`), French card game formerly widely played in European casinos but now supplanted in popularity by chemin de fer. , twenty-one, and craps craps: see dice. craps Gambling game in which each player in turn throws two dice, attempting to roll a winning combination. The term derives from a Louisiana French word, crabs, which means “losing throw. (dice). 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Key topics covered include: --Industry Overview --Quarterly Industry Update --Business Challenges --Trends and Opportunities --Call Preparation Questions --Financial Information --Industry Forecast --Website and Media Links --Glossary of Acronyms For more information visit http://www.researchandmarkets.com/reports/c35287 |
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