Casinos are establishments where people can participate in various forms of gambling. The casino industry generates high revenues, global land-based casinos had a gross win of around 450 billion U.S. dollars from gamblers in 2016. Social casino gamers are also on the rise – the internet casino market was forecasted to grow to 3.4 billion U.S. dollars in 2015, from 2.2 billion just two years earlier.
Macau, a special administrative region of China, is the largest casino market in the world, overtaking the previous leader, Las Vegas, in 2006. Gambling contributes an increasingly significant amount to the economy in Macau, with gross gambling revenue rising from 10.5 billion U.S. dollars in 2007 to more than 44 billion in 2014. As of 2015, however, the casino market in Macau may be in danger as in this year revenues dropped to around 28 billion U.S. dollars. Las Vegas, located in Nevada, U.S., is the second largest, and perhaps the most famous, casino market. Like Macau and other gaming markets, most of the casinos in Las Vegas are located within a tourism area, featuring large resorts and entertainment facilities aside from gambling. This tourism hub attracted almost 43 million visitors in 2016, after experiencing an annual increase of visitors over the last seven years.
The leading companies within the casino industry are those that supply the full leisure package, which usually includes casinos, resorts, entertainment complexes and shopping malls, as well as exhibition and convention facilities. Las Vegas Sands is the largest casino company worldwide. Founded in Nevada in 1988, the company generated around 9.7 billion U.S. dollars in revenue from it's casino business segments in the U.S. and Asia in 2016.
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