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. An increase in per capita gambling expenditure over the past five years has assisted industry performance, with 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 estimated to grow by a more subdued 0.4% in 2014-15, to reach $5.6 billion... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The Casinos industry is in the mature stage of its economic life cycle. Industry value added (IVA) is used to measure an industry's contribution to the overall economy. IVA is forecast to increase at an annualised 1.9% over the five years through 2019-20. The industry is therefore expected to underperform the overall economy over this period, which is forecast to grow at a compound annual 2.7% over the 10 years through 2019-20.
Over the past five years, revenue growth has been steady and the domestic market has reached saturation. The industry's two largest players, Crown Resorts and Echo Entertainment, have consolidated their positions and increased their dominance over this period. Domestic firms have also faced increasing competition from international and online casinos... purchase to read more