The casino segment covers all gambling activities carried out within casino establishments, such as card games, roulette, and slot machines located in casinos; tips and admission fees are included, but additional revenues such as sales of food, drink, and accommodation are excluded.
The market size of the casino sector in the Middle East and Africa region reached a value of $0.6 billion in 2021. The casino market in the Middle East and Africa de- grew by 50% in 2021 as the sector has been facing tough competition from online platforms along with the decline in demand due to the pandemic has further impacted the sector.
Earlier in the year 2020, The COVID-19 outbreak impacted the sector greatly. Casinos were forced to shut their business for most of the year due to the ongoing coronavirus restrictions and lockdowns. During the year 2020, the market value of casinos in the Middle East and Africa saw a de-growth of 1%.
Many games provided by the casino require attendants to be close to each other or be played between groups of people. Thus, when casinos were open, they needed to adjust their games and follow the government’s coronavirus safety measures, decreasing demand for the sector in general.
The compound annual growth rate for the casino market in the Middle East and Africa region de-grew by 16% during the period 2017-2021. This was primarily on account of a decline due to coronavirus restrictions which lowered the demand.
The major companies that have a strong presence in the Middle East and Africa region’s casino market include Golden Horse Casino, GrandWest Casino, and Carnival City Casino.
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