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 Locations Chapter
The locations of industry casinos are largely determined at the discretion of state governments. These governments grant the gaming licences that allow companies to operate in the industry. Currently, all states and territories have at least one casino. Establishment distribution is concentrated in states and territories with relatively small populations, with two casinos operating in both the Northern Territory and Tasmania. Queensland has the largest casino concentration, with four establishments located in Brisbane, the Gold Coast, Townsville and Cairns.
Only one casino operates in South Australia and the South Australian Government has signalled that it will not issue another table gaming licence, which effectively gives SKYCITY a regional monopoly in this state... purchase to read more