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 income 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. Industry revenue is expected to increase at a compound annual rate of 5.6% over the five years through 2015-16, to reach $6.3 billion. An increase in real household discretionary income is set to contribute to a 3.0% jump in revenue in 2015-16... purchase to read more
Industry Report - Industry Investment Chapter
The industry exhibits a medium level of capital intensity. In 2015-16, an estimated $0.26 is invested in capital for every dollar spent on wages. Industry players depend on casual staff that operate during peak times and in-house training programs. Casinos also tend to operate between 18 and 24 hours per day, which increases total labour expenses. The industry, like others in the hospitality sector, is labour-intensive due to the emphasis on customer service across all areas of operation, such as gaming operation, food and beverage service, and general entertainment and accommodation.
Casinos are extremely expensive to construct due to the required space for casino activities, associated hotels, restaurants and other hospitality facilities... purchase to read more