Industry Analysis & Industry Trends
The Casinos industry is expected to grow strongly over the five years through 2016-17 despite rising competition from overseas casinos. Increasing tourism, which has bolstered international VIP gambler visits, has been the main driver of industry revenue growth, while rising real household discretionary income has also benefited the industry. Industry revenue is forecast to grow at an annualised 5.3% over the five years through 2016-17, to reach $6.4 billion. Rising tourism numbers and VIP gambler visits are expected to fuel a 2.1% revenue jump in 2016-17.
Local casino operators have faced intense competition from overseas casinos, particularly for premium and VIP gamblers. These patrons are highly sought after, as they place high-stakes wagers that generate significant revenue... purchase to read more
Industry Report - Starting a New Business Chapter
The Casinos industry is characterised by high barriers to entry. Several key factors such as regulation, the dominance of existing players, capital investment requirements and licence fees restrict new enterprises from entering the industry. Casinos operate under very strict legislative and regulatory conditions. In all states and territories, legislative bodies regulate and oversee the operation of casinos and licensing requirements. These authorities also restrict the number and location of casinos. Entry into the industry is usually via a government tender for a licence. The successful operator is then offered an exclusive clause for a period of 15 to 20 years, where no other casino licences are issued by the government in a defined geographic area... purchase to read more