Industry Analysis & Industry Trends
The Social Clubs industry has been going through some turbulent times. Before 2008-09, a steady increase in gaming machine numbers and lax smoking laws brought prosperity to the industry. However, the introduction of caps on the total number of gaming machines allowed in each club by various state governments, and the impact of the global financial crisis, hurt the industry. For an industry that now derives close to 60.0% of its revenue from gambling, these have been unwelcome developments. Furthermore, the effect of earlier smoking bans has seen industry revenue struggling to recover to previous heights.
In addition to regulatory threats, the industry faces intense competition from other licensed venues that also offer gaming facilities, particularly hotels, pubs and casinos... purchase to read more
Industry Report - Industry Analysis Chapter
Over the five years through 2013-14, the Social Clubs industry's revenue is expected to grow by an annualised 2.0% to reach $10.5 billion. Despite this positive growth rate, clubs have been struggling over the past five years. The industry has been recovering from the effects of indoor smoking bans throughout the country, with companies having to adjust their business models significantly as a result of the new regulations. Some state governments are also reducing their gaming machine numbers and most have placed a cap on total numbers available for licensing. There is also increasing competition from pubs and casinos with gambling facilities, especially in Victoria... purchase to read more