Industry Analysis & Industry Trends
The Casinos industry has grown over the past five years despite rising competition from international and online casinos and falling per capita gambling expenditure. Growth in discretionary income has assisted industry players as patrons have spent more money on non-essential activities such as casino gambling services. Increasing tourism has also bolstered international VIP gambler visits, which has further boosted revenue. Industry revenue is expected to increase at a compound annual rate of 5.6% over the five years through 2015-16, to reach $6.3 billion. An increase in real household discretionary income is set to contribute to a 3.0% jump in revenue in 2015-16... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The Casinos industry is in the mature stage of its economic life cycle. Despite steady domestic demand for casino gaming services, local firms have faced increasing competition from international and online casinos. Macau has established itself as the leading global gambling destination and Singapore has also recently opened two lavish casinos. These casinos compete fiercely with industry operators for international high rollers and VIP gamblers due to their proximity to Australia.
Industry value added (IVA) is used to measure an industry's contribution to the overall economy. IVA is forecast to increase at a compound annual rate of 2.5% over the five years through 2020-21... purchase to read more