Germany Casino Tourism Market is Projected to Reach at a US$ 7533.1 Million in 2022
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The Germany Casino Tourism Market is estimated to reach US$ 7533.1 Million in 2022. As per the report, sales are forecast to increase at a robust 3.3 % CAGR, with the market valuation reaching US$ 10422.6 Million by 2032.
In Germany, there are more than 50 casinos to select from, spread out across the entire nation. At least one casino may be found in most major German cities. The word “Bad” (bath, spa) appears at the beginning of the names of the majority of German casinos, which are found in resort and spa towns. Examples of these include the renowned Casino Bad Ems, which dates back to 1720, and the casino in Bad Wiessee, which is situated on the shore of a well-known lake. Scroll to the bottom for a map of every casino in Germany.
The appearance and atmosphere of casinos in Germany vary widely. Some of the structures are ornate palaces, while others are contemporary steel and glass. The majority of German casinos do, however, provide the traditional casino table games like Roulette, Blackjack, Punto Banco/Baccarat, and Slots. Additionally, the majority of German casinos don’t have many entertainment options and are primarily gambling establishments.
In Germany, gambling is governed by a legal framework that combines federal and state laws. The new 2021 Interstate Treaty on Gambling permits operators to offer online poker and slots on a federal level for the first time, in addition to the already accessible sports betting. The agreement creates a uniform legal foundation for gambling in the nation, although governments are free to implement harsher rules to carry out the agreement.
One of the main drivers of market expansion is the rise in the number of casinos as a result of deregulation. Furthermore, it is anticipated that consumers would pay attention to the quick breakthroughs in technology and new product developments. These variables are some of the most important ones that drive the global market for casino gaming equipment.
“Germany will drive the casino tourism market to greater heights because of its advancements in technology that make the casino market grow easily.” Says an FMI analyst.
Key Takeaways:
- Through 2032, Poker 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 11 million tourist visit Germany for casinos every year.
- Based on type of tourist, International tourists will continue to grow in the forecasted period.
Impact of COVID-19
The coronavirus is having an effect on the gambling industry. Due to social isolation, professional sports have been suspended, brick-and-mortar casinos have closed, and home games have been abandoned.
The gambling sector has already felt the effects of COVID 19 very heavily. How long gambling websites will enjoy their current success is impossible to predict. Land casinos all over the world have seen a significant reduction in revenue due to social isolation and travel limitations. The number of guests visiting German casino resorts is drastically dropping, and it is anticipated that this trend will continue as the coronavirus outbreak grows. Mitigating measures could partially prevent the potential of spread by checking specific boxes.
Who is winning?
Leading players operating in the Germany Casino Tourism Market are TourRadar, TripAdvisor, Akshaya India Tours and Travels Ltd., Kesari Tours Pvt Ltd., Novomatic, Thomascook.in, Viator, Inc., Casino org, TravelMyGlobe.com, Expedia, Inc. and among others.
Get More Valuable Insights
Future Market Insights, in its new offering, provides an unbiased analysis of the Germany Casino Tourism Market, presenting historical demand data (2017-2021) and forecast statistics for the period from 2022-2032.
The study divulges compelling insights on Germany 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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