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 Investment Chapter
The industry has a medium level of capital intensity. In 2014-15, for every $1.00 spent on wages, an estimated $0.25 is invested in capital. The industry has a fairly high dependence on casual staff that operate during peak times and on 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 also quite 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 provision... purchase to read more