South Korea Casinos and Gaming Market Summary, Competitive Analysis and Forecast to 2027
Summary
Casinos & Gaming in South Korea industry profile provides top-line qualitative and quantitative summary information including: market size (value 2017-22, and forecast to 2027). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- The casinos and gaming market consists of all forms of betting and gaming. All values are stated in terms of gross gaming win (GGR). This is the total amount waged by customers minus the total amount paid out to customers as winnings, but before the payment of any applicable taxes, disbursements to charitable or other causes by games established for those purposes, or other expenses.
- The South Korean casinos & gaming sector had a total gross gaming win of $3.7 billion in 2022, representing a negative compound annual growth rate (CAGR) of 9.1% between 2017 and 2022.
- The lotteries segment accounted for the sector's largest proportion in 2022, with a total gross gaming win of $2.4 billion, equivalent to 65.5% of the sector's overall value.
- As South Koreans are forbidden from gambling in most casinos, the lack of international visitors due to the global lockdown resulted in the decline of sector growth.
- Save time carrying out entry-level research by identifying the size, growth, and leading players in the casinos & gaming market in South Korea
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the casinos & gaming market in South Korea
- Leading company profiles reveal details of key casinos & gaming market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the South Korea casinos & gaming market with five year forecasts
- What was the size of the South Korea casinos & gaming market by value in 2022?
- What will be the size of the South Korea casinos & gaming market in 2027?
- What factors are affecting the strength of competition in the South Korea casinos & gaming market?
- How has the market performed over the last five years?
- How large is South Korea’s casinos & gaming market in relation to its regional counterparts?
- 1 Executive Summary
- 1.1. Market value
- 1.2. Market value forecast
- 1.3. Category segmentation
- 1.4. Geography segmentation
- 1.5. Market rivalry
- 1.6. Competitive landscape
- 2 Market Overview
- 2.1. Market definition
- 2.2. Market analysis
- 3 Market Data
- 3.1. Market value
- 4 Market Segmentation
- 4.1. Category segmentation
- 4.2. Geography segmentation
- 5 Market Outlook
- 5.1. Market value forecast
- 6 Five Forces Analysis
- 6.1. Summary
- 6.2. Buyer power
- 6.3. Supplier power
- 6.4. New entrants
- 6.5. Threat of substitutes
- 6.6. Degree of rivalry
- 7 Competitive Landscape
- 7.1. Who are the leading players?
- 7.2. What strategies do the leading players follow?
- 8 Company Profiles
- 8.1. Majestar Co., Ltd
- 8.2. Kangwon Land Inc
- 8.3. Grand Korea Leisure Co Ltd
- 9 Macroeconomic Indicators
- 9.1. Country data
- 10 Appendix
- 10.1. Methodology
- 10.2. Industry associations
- 10.3. Related MarketLine research
- 10.4. About MarketLine
- List of Tables
- Table 1: South Korea casinos & gaming sector value: $ million, 2017–22
- Table 2: South Korea casinos & gaming sector category segmentation: % share, by value, 2017–2022
- Table 3: South Korea casinos & gaming sector category segmentation: $ million, 2017-2022
- Table 4: South Korea casinos & gaming sector geography segmentation: $ million, 2022
- Table 5: South Korea casinos & gaming sector value forecast: $ million, 2022–27
- Table 6: Majestar Co., Ltd: key facts
- Table 7: Majestar Co., Ltd: Key Employees
- Table 8: Kangwon Land Inc: key facts
- Table 9: Kangwon Land Inc: Annual Financial Ratios
- Table 10: Kangwon Land Inc: Key Employees
- Table 11: Grand Korea Leisure Co Ltd: key facts
- Table 12: Grand Korea Leisure Co Ltd: Annual Financial Ratios
- Table 13: Grand Korea Leisure Co Ltd: Key Employees
- Table 14: South Korea size of population (million), 2018–22
- Table 15: South Korea gdp (constant 2005 prices, $ billion), 2018–22
- Table 16: South Korea gdp (current prices, $ billion), 2018–22
- Table 17: South Korea inflation, 2018–22
- Table 18: South Korea consumer price index (absolute), 2018–22
- Table 19: South Korea exchange rate, 2018–22
- List of Figures
- Figure 1: South Korea casinos & gaming sector value: $ million, 2017–22
- Figure 2: South Korea casinos & gaming sector category segmentation: $ million, 2017-2022
- Figure 3: South Korea casinos & gaming sector geography segmentation: % share, by value, 2022
- Figure 4: South Korea casinos & gaming sector value forecast: $ million, 2022–27
- Figure 5: Forces driving competition in the casinos & gaming sector in South Korea, 2022
- Figure 6: Drivers of buyer power in the casinos & gaming sector in South Korea, 2022
- Figure 7: Drivers of supplier power in the casinos & gaming sector in South Korea, 2022
- Figure 8: Factors influencing the likelihood of new entrants in the casinos & gaming sector in South Korea, 2022
- Figure 9: Factors influencing the threat of substitutes in the casinos & gaming sector in South Korea, 2022
- Figure 10: Drivers of degree of rivalry in the casinos & gaming sector in South Korea, 2022
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