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 - Starting a New Business Chapter
Barriers to entry in the industry are high. A number of key factors restrict new enterprises from entering the industry, such as regulation, the dominance of existing players, capital investment requirements and licence fees.
Casinos operate under very strict legislation and regulation. In all states, casinos are regulated by specially legislated bodies and establishments are also bound by licensing requirements, which restrict the number and location of casinos. Entry into the industry is usually via a government tender for a licence and the successful operator is then offered an exclusive clause for a period of 15 to 20 years, where no other casino licences will be issued by the government within a defined geographic area... purchase to read more