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 incomes 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. Overall, industry revenue is estimated to increase at a compound annual rate of 3.1% over the five years through 2015-16 to reach $5.7 billion. An increase in per capita gambling expenditure is set to contribute to a 1.3% jump in revenue in 2015-16... purchase to read more
Industry Report - Industry Key Buyers Chapter
A high market share concentration characterises the industry. The four largest companies that operate casinos in Australia are estimated to account for over 95% of total industry revenue in 2015-16. These four firms operate nine of the industry's 13 casinos. Crown Resorts alone generates more than half of the industry's total revenue through its two Crown Casinos in Melbourne and Perth. The company has increased its market share over the past five years through significant development and refurbishment of its existing casinos, hotels and entertainment facilities.
Echo Entertainment has also increased its market share over this period, despite selling its Jupiters casino in Townsville to Colonial Leisure Group in October 2014... purchase to read more