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 Europe region reached a value of $10 billion in 2021. The casino market share in the Europe market is majority held by France which has strong presence through various established players in the region with a market share of 21%. This is followed by Germany and Spain with each contributing 7% and 6% to the region’s market share respectively.
The casino market in the Europe region grew by 8% in 2021 as the sector witnessed a recovery in demand after easing the restrictions which were placed on account of the pandemic COVID-19.
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 Europe region saw a de-growth of 20%.
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 major companies that have a strong presence in the Europe region’s casino market include GVC Holdings, Betsson AB, and The Kindered Group.
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