Industry Analysis & Industry Trends
The global financial crisis and resulting recession negatively affected the Casinos industry's performance. Following three consecutive years of low revenue growth, the industry has improved since 2012-13, as it benefited from more robust domestic and international economic growth. Industry revenue is expected to increase 3.2% in 2012-13 to reach $5.4 billion. Over the five years through 2012-13, industry revenue is expected to increase at an annual rate of 2.2%. However, new challenges are emerging, particularly from interest rate rises and intensifying competition from new casino establishments opening across Asia.
Since the global financial crisis, interest rates have risen, resulting in consumers reducing their spending on entertainment, including in casinos... purchase to read more
Industry Report - Industry Analysis Chapter
After a high growth phase in the mid- to late 1990s, the Casinos industry underwent significant operator consolidation over the past decade. Recent growth in casino revenue has come from gaming machines, rather than high-bet tables, which are losing their premium players (VIPs) to new casinos in Macau, Singapore and other parts of Asia. Increasing competition from international casinos and gambling websites will force the industry to restructure.
The subdued growth over the past five years was due to industry and market saturation, increasing international competition, and market share lost to other gambling forms, particularly sports-related wagering and gaming machines in clubs and pubs... purchase to read more