Hitting the jackpot: Refurbishments have attracted international VIP gamblers, boosting revenue
IBISWorld’s Casinos market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.
Industry Statistics & Market Size
Annual Growth 11-16
Annual Growth 16-21
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 SWOT Analysis Chapter
The Casinos industry is in the mature stage of its economic life cycle. Despite steady domestic demand for casino gaming services, local firms have faced increasing competition from international and online casinos. Macau has established itself as the leading global gambling destination and Singapore has also recently opened two lavish casinos. These casinos compete fiercely with industry operators for international high rollers and VIP gamblers due to their proximity to Australia.
Industry value added (IVA) is used to measure an industry's contribution to the overall economy. IVA is forecast to increase at a compound annual rate of 1.9% over the five years through 2020-21... purchase to read more
What is the Casinos Industry?
Companies in the industry operate facilities with a range of gambling services, such as table wagering games and electronic gaming machines. Firms also generate revenue from associated entertainment, hospitality and accommodation facilities.
Electronic gamingTable gamingOther gamingFood and beveragesAccommodation
Legal casino operation