The Monaco Casino Tourism Market is estimated to reach US$ 4,282 Million in 2022. As per the report, sales are forecast to increase at a robust 8.5% CAGR, with the market valuation reaching US$ 9681.5 Million by 2032.
Monte Carlo is a well-known gambling destination in addition to being a city known for staging the Grand Prix. The majority of high rollers prefer visiting this city because of its renowned casino scenery. Monaco is one of the wealthiest regions in Europe, therefore celebrities and the rich from around the world like visiting for the excitement. You can play at the same tables that were used in some of the James Bond movies that were filmed in this city. The casinos here are open around-the-clock and provide a special experience that you can’t get anywhere else.
Few casinos are as revered as Monaco’s The Monte-Carlo Casino when it comes to being the most illustrious in the world. With a long and illustrious history that dates back to 1865, this location has long been associated with glamour and luxury. It continues to be a playground for the rich and famous, where high rollers come to place eye-watering bets in the hopes of leaving with pockets that are even fuller than when they arrived.
The casino is famed for its history as well as some somewhat odd rules and traditions, all of which add to the unique gaming experience. It draws visitors of all kinds from all over the world who are inspired to try their luck at one of James Bond’s most well-known gambling haunts.
Hollywood blockbusters have frequently taken place in the casino’s halls, including episodes of the Bond films “Never Say Never,” “GoldenEye,” and “Casino Royale,” as well as the highest-grossing movie of 2004, “Ocean’s Twelve.”
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“Monaco will drive the casino tourism market because of its attribution of a number of Hollywood Blockbusters gaining the attraction.” Says an FMI analyst.
- Through 2032, Roulette is expected to hold a significant market share in terms of Game type.
- Age-wise, through 2032, demand will continue to increase in the 35 to 50-year-old range.
- Nearly 15 million tourist visit China for casinos every year.
- Based on type of tourist, International tourists will continue to grow in the forecasted period.
Impact of COVID-19
The gambling sector is being impacted by the coronavirus. Professional sports have been suspended, land-based casinos have shut down, and home games have been abandoned as a result of social isolation. The repercussions of COVID 19 have already been seen quite strongly in the gambling industry. It is impossible to anticipate how long gambling websites will continue to experience success. Due to social isolation and travel restrictions, income at land casinos has significantly decreased worldwide. It is anticipated that fewer people would visit the Monaco casino resorts as the coronavirus outbreak spreads. By checking off certain options, mitigating actions could partially minimise the possibility of spread. Despite strong cost and investment controls being put in place, the operator warned that it anticipates the coronavirus pandemic to considerably worsen financial performance for the whole fiscal year.
Who is winning?
Leading players operating in the China Casino Tourism Market are TripAdvisor, Venture Ashore, GetYourGuide., Musement S.p.A., Northstar Travel Media, LLC., Viator, Inc., Booking.Com, Kayak, Expedia, Inc. among others
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Future Market Insights, in its new offering, provides an unbiased analysis of the China Casino Tourism Market, presenting historical demand data (2017-2021) and forecast statistics for the period from 2022-2032. The study divulges compelling insights on Monaco 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.
The Monaco Casino Tourism Market by Category
By Game Type:
- 3 Card Poker
- American Roulette
- Casino Stud Poker
- Punto Banco
By Casino Type:
- Limited Stakes
By End Users (% of Demand):
- Gambling Enthusiasts
- Social Exuberant
- Lottery Loyalists
- Unengaged Audience
By Tourist Type:
By Tour Type:
- Independent Traveller
- Package Traveller
- Tour Group
By Consumer Orientation:
By Age Group:
- 15-25 Years
- 26-35 Years
- 36-45 Years
- 46-55 Years
- 66-75 Years
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