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 Key Buyers Chapter
Currently, the top four operators (which operate eight casinos in total) are estimated to account for over 90% of total industry revenue. Following significant industry consolidation in 2007, the top two players, Crown Limited and Echo Entertainment Group Ltd, account for over 85% of total industry revenue. Crown's and Echo's dominance in the industry is not expected to diminish in the next five years. Expected expansionary activity in New South Wales and Queensland will only affect the industry from 2019-20... purchase to read more