Industry Analysis & Industry Trends
The Casinos industry has grown over the past five years despite rising competition from international and online casinos. Revenue is expected to increase at a compound annual 2.9% over the five years through 2014-15. An increase in per capita gambling expenditure over the past five years has assisted industry performance, with domestic consumers demanding more gaming services. Growth in discretionary income has also assisted the industry, as patrons have spent more money on non-essential activities such as casino gambling services. Revenue is expected to grow by a more subdued 0.4% in 2014-15, to reach $5.6 billion.
The industry's two largest players, Crown Resorts and Echo Entertainment Group, generate most of the industry's revenue... 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 90.0% of total industry revenue in 2014-15. These four firms operate nine of the industry's 13 casinos. Crown Resorts alone generates more than half of the industry's revenue through its two Crown Casinos in Melbourne and Perth. The company has increased its market share concentration 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