Industry Analysis & Industry Trends
The Casinos industry has grown over the past five years despite rising competition from international and online casinos. Revenue is estimated to increase at a compound annual 2.9% over the five years through 2014-15. Greater per capita gambling expenditure has assisted financial performance, with consumers demanding more gaming services. Rises in discretionary income levels have also assisted revenue growth, as patrons have spent more money on non-essential items such as casino gambling services. Revenue is estimated to grow by 0.4% in 2014-15 to reach $5.6 billion... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The Casinos industry is in the mature stage of its economic life cycle. Industry value added (IVA) is used to measure an industry's contribution to the overall economy. IVA is forecast to increase at an annualised 1.9% over the five years through 2019-20. The industry is therefore expected to underperform the overall economy, which is forecast to grow at a compound annual 2.7% over this period. Over the past five years, revenue growth has begun to slow and the domestic market has reached saturation. The industry's two largest players, Crown and Echo Entertainment, have also consolidated their positions and increased their dominance over this period.
Domestic firms have faced increasing competition from international and online casinos... purchase to read more