NAICS Code 713210-01 - Casinos
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NAICS Code 713210-01 Description (8-Digit)
Hierarchy Navigation for NAICS Code 713210-01
Parent Code (less specific)
Tools
Tools commonly used in the Casinos industry for day-to-day tasks and operations.
- Slot machines
- Roulette tables
- Blackjack tables
- Poker tables
- Craps tables
- Baccarat tables
- Sports betting kiosks
- Video poker machines
- Electronic table games
- Cash handling machines
- Surveillance cameras
- Security systems
- Gaming chips
- Playing cards
- Dice
- Slot machine tickets
- Ticket redemption machines
- Player tracking systems
- Customer relationship management software
Industry Examples of Casinos
Common products and services typical of NAICS Code 713210-01, illustrating the main business activities and contributions to the market.
- Las Vegas Strip
- Atlantic City Boardwalk
- Macau
- Monte Carlo
- Foxwoods Resort Casino
- Mohegan Sun
- Caesars Palace
- Bellagio
- Wynn Las Vegas
- The Venetian Las Vegas
Certifications, Compliance and Licenses for NAICS Code 713210-01 - Casinos
The specific certifications, permits, licenses, and regulatory compliance requirements within the United States for this industry.
- Gaming License: A gaming license is required for all employees of a casino. This license is issued by the state gaming commission and ensures that the employee is qualified to work in the casino industry. The requirements for obtaining a gaming license vary by state.
- Alcohol License: An alcohol license is required for any casino that serves alcohol. This license is issued by the state and ensures that the casino is in compliance with all state laws regarding the sale and service of alcohol. The requirements for obtaining an alcohol license vary by state.
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- Building Permit: A building permit is required for any new construction or renovation of a casino. This permit is issued by the local government and ensures that the construction is in compliance with all building codes and regulations. The requirements for obtaining a building permit vary by state.
- Fire Safety Inspection: A fire safety inspection is required for all casinos. This inspection is conducted by the local fire department and ensures that the casino is in compliance with all fire safety regulations. The requirements for obtaining a fire safety inspection vary by state.
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- Anti-Money Laundering Compliance: Anti-Money Laundering (AML) compliance is required for all casinos. This compliance is regulated by the Financial Crimes Enforcement Network (FinCEN) and ensures that the casino is in compliance with all federal laws regarding money laundering. The requirements for obtaining AML compliance vary by state.
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History
A concise historical narrative of NAICS Code 713210-01 covering global milestones and recent developments within the United States.
- The history of the Casinos industry dates back to the 17th century when the first casino was established in Venice, Italy. The industry has since grown to become a global phenomenon, with notable advancements such as the introduction of slot machines in the late 19th century and the rise of online casinos in the 21st century. In the United States, the industry experienced significant growth in the 20th century, with the legalization of gambling in Nevada in 1931 and the subsequent development of Las Vegas as a gambling destination. The industry has also faced challenges, such as the rise of anti-gambling sentiment in the 20th century and the impact of the COVID-19 pandemic on the industry in the 21st century. Despite these challenges, the Casinos industry remains a significant contributor to the global economy, with a diverse range of offerings that cater to a wide range of customers.
Future Outlook for Casinos
The anticipated future trajectory of the NAICS 713210-01 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.
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Growth Prediction: Stable
The casino industry in the USA is expected to experience growth in the coming years. The industry is expected to benefit from the increasing number of tourists visiting the country, as well as the growing popularity of online gambling. However, the industry is also facing challenges such as increased competition from other forms of entertainment and the need to adapt to changing consumer preferences. To remain competitive, casinos are expected to continue investing in new technologies and amenities to enhance the customer experience. Additionally, the industry is expected to benefit from the legalization of sports betting in several states, which is expected to drive growth in the industry. Overall, the future outlook for the casino industry in the USA is positive, but it will require continued innovation and adaptation to remain competitive.
Industry Innovations for NAICS Code 713210-01
Recent groundbreaking advancements and milestones in the Casinos industry, reflecting notable innovations that have reshaped its landscape.
- Mobile Gaming: Casinos are increasingly offering mobile gaming options to attract younger customers who prefer to gamble on their smartphones and tablets.
- Virtual Reality: Some casinos are experimenting with virtual reality technology to create immersive gaming experiences for customers.
- Skill-Based Games: Casinos are introducing more skill-based games to attract younger customers who are more interested in games that require strategy and skill.
- Non-Gaming Amenities: Many casinos are investing in non-gaming amenities such as restaurants, bars, and entertainment venues to attract customers who are not interested in gambling.
- Cashless Gaming: Some casinos are experimenting with cashless gaming options to make it easier for customers to gamble without having to carry cash.
NAICS Code 713210-01 - Casinos
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