Industry Analysis & Industry Trends
The global financial crisis and resulting recession negatively affected the Casinos industry's performance. Following three consecutive years of volatile revenue growth, the industry has improved since 2011-12, as it benefited from higher domestic and international economic growth. Industry revenue is expected to increase 3.8% in 2013-14 to reach $5.6 billion. Over the five years through 2013-14, industry revenue is estimated to rise at an annualised 3.6%. 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 Products Chapter
Casinos make the majority of their revenue from the provision of gambling services. This revenue is derived primarily from gaming tables, electronic gaming machines and providing for international VIP program players. Other gaming activities make up a minor share of revenue.
Poker and gaming machines
Over time, the share of revenue from electronic gaming machines has grown, from about 20% of total revenue a decade ago to nearly one-third today. The number of machines and linked jackpots has climbed, and marketing of these has increased. Casinos now use special meals, free bus transport and other value-added packages. This was temporarily under threat, with Independent MP Andrew Wilkie's proposed mandatory precommitment scheme... purchase to read more