721120 - Casino Hotels
When it comes to the dynamic world of hospitality combined with gaming, NAICS Code 721120 stands out as a key classification. This code is essential for businesses operating in the niche sector of casino hotels—a booming industry at the intersection of lodging and entertainment. Whether you’re a business owner, contractor, or industry analyst, understanding NAICS 721120 is crucial for navigating federal contracting opportunities, compliance, and market analysis in the accommodation and food services sector.
What is NAICS Code 721120?
NAICS Code 721120 refers to Casino Hotels—establishments primarily engaged in providing both lodging accommodations and casino gaming activities. These businesses uniquely combine the traditional hotel experience with casino operations, delivering a comprehensive offering that includes gaming, entertainment, and hospitality services.
Key Characteristics:
- Combines hotel accommodations with casino gaming
- Provides a mix of lodging, gaming, and entertainment options
- Caters to guests seeking integrated resort experiences
Sector: Accommodation and Food Services
Casino Hotels fall under the broader Accommodation and Food Services sector. This sector encompasses businesses that provide lodging and food services away from home. NAICS 721120 stands out within this sector due to its dual focus on lodging and casino gaming.
Typical Business Activities Include:
- Hotel accommodations integrated with casino operations
- Gaming and betting services within hotel premises
- Entertainment offerings such as shows, restaurants, and nightlife
- Resort-style amenities combined with casino activities
Size Standard for NAICS 721120
For federal contracting and small business classification purposes, the size standard for NAICS 721120 is set at:
- $40 million dollars in average annual receipts
This means businesses with annual revenues at or below $40 million qualify as small businesses under this classification, impacting eligibility for certain government contracts and programs.
Examples of Businesses Under NAICS Code 721120
- Casino Resorts: Large-scale resorts featuring extensive casino floors combined with luxury lodging.
- Hotel Casinos: Hotels with integrated casino gaming and related amenities.
- Gaming Hotels: Hotels focused primarily on gaming activities alongside accommodation services.
Detailed Code Breakdown
| NAICS Code | Title | Description | Sector | Code Details | Size Standard |
|---|---|---|---|---|---|
| 721120 | Casino Hotels | Establishments primarily engaged in lodging and casino gaming. | Accommodation and Food Services | Casino hotels, Hotels with casinos, Resort casinos, Seasonal hotels with casinos | $40 million average annual receipts |
FAQ About NAICS Code 721120 - Casino Hotels
What businesses operate under NAICS 721120?
Casino hotels, hotel casinos, casino resorts, and resort hotels with casino gaming facilities fall under this NAICS code.
How is NAICS 721120 different from other hotel-related NAICS codes?
NAICS 721120 specifically requires the combination of lodging and casino gaming activities, whereas other hotel codes may only cover lodging or accommodations without gaming.
Why is the size standard important?
The $40 million size standard helps determine if a business qualifies as a small business for federal contracting and SBA programs.
Can seasonal hotels with casinos be classified under this code?
Yes, seasonal hotels with casino operations are included within NAICS code 721120.
What sector does NAICS 721120 belong to?
It belongs to the Accommodation and Food Services sector.
By understanding and leveraging the details of NAICS Code 721120 - Casino Hotels, businesses can better position themselves for opportunities in the highly specialized and lucrative niche of casino lodging and entertainment. Stay informed, comply with standards, and tap into the thriving market where hospitality meets gaming!
