Industry Analysis & Industry Trends
Fierce competition among gambling providers and rising regulatory constraints have restrained the Social Clubs industry's revenue growth over the past five years. Prior to 2010-11, a steady increase in gaming machine numbers and lax legislation provided some support for the industry. However, state governments' introduction of caps on the total number of gaming machines allowed in each club hampered revenue growth, as the industry derives the majority of its revenue from gambling. However, industry revenue is still expected to rise by an annualised 2.2% over the five years through 2015-16. This includes a rise of 1.4% during 2015-16, to reach $10.7 billion... purchase to read more
Industry Report - Industry Products Chapter
The income sources for clubs vary significantly according to their perceived primary activities. While many clubs are renowned for the sport or social group that they support, revenue is typically derived from hospitality and gambling services provided. Revenue for gambling mainly consists of total bets minus winnings. Considering the differences between state legislation, IBISWorld expects that total gambling income will steadily rise as previous poker machine reforms are overturned.
More than half the Social Clubs industry's revenue is derived from gambling income, made up of takings from poker or gaming machines and commissions from keno and on-site TABs. Within the industry, more than 90% of gambling revenue is derived from poker machines... purchase to read more