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Casinos in Australia Industry Market Research Report Now Updated by IBISWorld
Date:7/12/2014

gh stakes VIP casino in Barangaroo near Sydney will be completed by November 2019. These new luxury casinos and hotels are expected to contribute to the industry's revenue growth over the next five years. However, competition from offshore and online casinos is expected to limit financial performance over this period. Casinos in Macau, Singapore and potentially Japan could capture demand from premium and VIP gamblers that may have otherwise travelled to Australia.

The Casinos industry has a high market share concentration. The major players are Crown Limited, Echo Entertainment Group Limited and SKYCITY Entertainment Group Limited. The top four firms operate 10 of the industry's 13 casinos. Crown has increased its market share concentration over the past five years through significant development and refurbishments of its existing casinos, hotels and entertainment facilities. As a result, market share concentration for the entire industry has also increased over the past five years.

For more information, visit IBISWorld’s Casinos report in Australia industry page.

Follow IBISWorld on Twitter: http://twitter.com/#!/ibisworldau

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