The Italy Casino Tourism Market is estimated to reach US$ 4,913 Mn in 2022. As per the report, sales are forecast to increase at a robust 4.1% CAGR, with the market valuation reaching US$ 7,343 Mn by 2032.
Gambling has been practised for a long time in Italy, but in the past gambling was frowned upon because of its bad reputation with the mafia. However, gambling is currently very much alive in Italy, and it is becoming more and more popular. Italy’s brick-and-mortar gambling establishments are primarily slot halls featuring only slots, while there are a few real casinos that also provide table games including baccarat, Caribbean stud poker, roulette, and blackjack. In 2007, the practice of online gambling was also legalised.
There are several laws passed by the Italian government to regulate the gambling in the region and prevent the country from the negative effects of gambling. These laws has helped in maintenance of the decorum however it has proved to be a baggage in case of further development of the casino market. Moreover, the players have come with alternative options such as online gambling to uplift the casino sector and consequently, the Casino tourism market as well.
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“Gambling and casinos being a major part of Italian family tradition while youngsters getting involved in I-gaming sector will help in the growth of the Italian Casino Tourism Market” Says an FMI Analyst.
Key Takeaways:
- Based on Game type, Trente et Quarante is predicted to account for a dominant share of Gamblers in the market through 2032.
- In terms of age group, demand in the age group 35-50 years will continue gaining traction through 2032.
- Nearly 7 million tourist visit Italy for casinos every year.
- Based on type of casino, I-Gaming will continue to grow in the forecasted period.
Impact of COVID-19
Following the virus’s breakout in China’s Wuhan region on January 23, 2020, Italy was one of the first European nations to report a case of SARS-CoV-2 infection. On January 25, the Italian government enacted its initial health protection laws; but, soon after, additional, more stringent ones were enacted. On March 9, 2020, restrictions on personal freedom of movement were implemented in response to the new epidemic emergency, and only absolutely necessary activities were permitted across the whole nation.
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Although there was a decline in gambling activity during the COVID-19 pandemic, the financial and psychological well-being of the population was negatively impacted, and the subsequent forced lockdown resulted in a significant increase in the amount of time spent at home and an increase in the use of addictive behaviours, such as online gaming. However, the restrictions have now eased up and tour providers as well as casino owners are taking constant efforts to uplift the market.
Who is winning?
Leading players in Italy Casino Tourism Market are Rome & Italy Tourist Services, Tours by Locals, Globus Journeys, Athens Six Star Tours, Trip Advisor, Travel Leaders, and Tour Radar among others.
Get More Valuable Insights
Future Market Insights, in its new offering, provides an unbiased analysis of the Italy Casino Tourism Market, presenting historical demand data (2017-2021) and forecast statistics for the period from 2022-2032.
The study divulges compelling insights on Italy Casino Tourism Market by Game Type (3 Card Poker, American Roulette, Blackjack, Casino Stud Poker, Dice, Punto Banco, and Others) Casino Type (Commercial, Tribal, Limited Stakes, and I-gaming) End Users (Gambling Enthusiasts, Social Exuberant, Dabblers, Lottery Loyalists, Unengaged Audience) Age Group (18-25 Years, 25-35 Years, 35-50 Years, 50-65 Years and 65 Years and Above) Tourist Type (Domestic and International) Consumer Orientation (Men and Women) Tour Type (Independent Traveller, Package Traveller and Tour Group) – Forecast to 2022 – 2032.
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