The casino segment covers all gambling activities 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 food, drink, and accommodation sales are excluded.
Germany is the fifth biggest market in the Casino industry. The market size of the casino sector in Germany reached a value of $0.7 billion in 2021, accounting for 0.6% of the global market size. It is the second biggest market in Europe, contributing to 7% of the region’s market size.
Earlier in the year 2020, the COVID-19 outbreak had a great impact on the sector as the casinos were forced to shut their business for most of the year due to the government’s restrictions and lockdowns. As a result of this, in the year 2020, the market value of casinos in Germany saw a de-growth of a mammoth 24%, accounting for almost $0.2 billion.
After the restrictions were eased, the sector witnessed a recovery in demand as the casino market in Germany grew by a significant 8% in 2021, showing good signs for the future. As a result of this, Germany surpassed the UK and South Africa which saw a huge de-growth, to become the fifth biggest market in the Casino industry.
The casino market in Germany grew at a CAGR of negative 2% during the period 2017-2021. This was primarily on account of the restrictions placed in the country. Also, people became more cautious with their spending post the pandemic which further hampered the demand for casinos.
Many games provided by the casino require attendants to be in proximity 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, thereby decreasing demand for the sector in general.
The major companies that have a strong presence in Germany’s casino market include Kurhaus, Casino Baden-Baden, and Casino Bad Ems among others.
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