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What Is The Future of Casino Real Estate

By Ben Shepardson | August 17, 2023

The real estate industry is well known for being chaotic and mercurial, especially in times of economic uncertainty such as we’re experiencing now. Naturally, this leads real estate professionals to be on the lookout for sectors of the market that provide the most potential rewards in the longer term. Doing so will help to ride out any rough patches. One of these market sectors is undoubtedly the casino and gaming industry. Here’s how casino real estate might just be what you’re looking for.

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The Casino and Gaming Industry Is Going Strong

It will likely come as no surprise to you to learn that the future of casino real estate looks bright. The gaming industry is expected to continue to grow in the coming years, and this growth is likely to drive demand for casino real estate. Here are some of the trends that are shaping the future of casino real estate:

  • The growth of online gambling: Online gambling is becoming increasingly popular, and this is having a major impact on the casino industry. In 2022, the global online gambling market was worth an estimated $81.8 billion, and it is expected to grow to $125.6 billion by 2027. This growth is being driven by a number of factors, including the increasing availability of high-speed internet, the growing popularity of smartphones and tablets, and the convenience of being able to gamble from home.
  • The expansion of the gaming industry into new markets: The gaming industry is expanding into new markets around the world. In recent years, there have been a number of new casinos opened in countries such as India, China, and Brazil. This expansion is being driven by a number of factors, including the growing middle class in these countries, the increasing availability of disposable income, and the government's willingness to legalize gambling.
  • The development of new casino technologies: Casino operators are constantly developing new technologies to attract and retain customers. Some of the latest technologies that are being used in casinos include virtual reality, augmented reality, and artificial intelligence. These technologies are creating new and immersive experiences for gamblers, and they are helping to keep casinos ahead of the competition.
  • The growth of integrated resorts: Integrated resorts are becoming increasingly popular. These resorts combine casinos with hotels, restaurants, shopping malls, and other amenities. Integrated resorts offer a one-stop shop for entertainment and gambling, and they are appealing to a wider range of customers.
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Where Does Real Estate Investment Come In?

These strong trends are excellent for anyone involved directly in the casino and gaming industries to be sure. But how do they create new opportunities for investors in casino real estate? Investors who are interested in this sector should look for properties in areas with growing populations, strong economies, and favorable gaming regulations. Investors should also consider the impact of new technologies on the casino industry, and they should invest in properties that are well-positioned to capitalize on these trends.

Here are some specific investment opportunities in casino real estate:

  • Properties in emerging markets: As the gaming industry expands into new markets, there will be opportunities for investors to acquire properties in these markets. These properties are likely to be undervalued, and they have the potential for significant growth.
  • Properties near major transportation hubs: Casinos that are located near major transportation hubs are well-positioned to attract tourists and other visitors. These properties are also more likely to be successful in the long term, as they are less likely to be affected by changes in the local economy.
  • Properties with a strong entertainment mix: Casinos that offer a variety of entertainment options, such as restaurants, bars, and nightclubs, are more likely to be successful. These properties can attract a wider range of customers, and they can help to keep customers coming back for more, whether or not they’re spending money directly at gaming tables.
  • Properties that are well-managed: The management team is one of the most important factors in the success of a casino. Investors should look for properties that are managed by experienced and capable teams. High levels of customer service ensure repeat patronage, which builds the success of any gaming establishment.
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Riding Coattails Without Direct Involvement

Even real estate professionals that might have some misgivings about investing directly in the casino or gaming industry can enjoy the benefits of locating themselves adjacent to casino real estate. The Las Vegas commercial and residential real estate markets, for example, provide dozens of excellent opportunities for business without becoming directly involved in investing in a casino or other gaming company. Local employees need places to live, and visitors to gaming hubs require places to stay and shop. This makes it quite possible to reap the rewards of a quickly growing market, one that is exhibiting growth due to the casino industry, without becoming directly involved in a casino or gaming business.

Yet regardless of whether you choose to become directly involved or not, investigating your real estate opportunities in one of these markets is an excellent idea for the growth of your real estate business. The gaming industry is expected to continue to grow in the coming years, and this growth is likely to drive demand for casino real estate even further. Investors who are interested in this sector should look for properties in areas with growing populations, strong economies, and favorable gaming regulations. Investors should also consider the impact of new technologies on the casino industry, and they should invest in properties that are well-positioned to capitalize on these trends. Positioning yourself now can reap major rewards in the longer term!

Ben Shepardson is a Realty Biz News Contributing Writer and has a long track record of success in online marketing and web development. While pursuing a bachelor’s degree in Computer Information Systems, he worked doing enterprise-level SEO and started an online business offering web development services to small business customers.
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