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Australian (ASX) Casinos and Gaming Industry Analysis

UpdatedJul 25, 2026
DataAggregated Company Financials
Companies9
  • 7D-1.8%
  • 3M15.5%
  • 1Y-6.6%
  • YTDn/a

The Casinos and Gaming industry is down 1.8% over the last week with Lottery the worst performer, down 4.4%. In contrast, Star Entertainment Group has gained 9.1%. However, the industry is down 6.6% over the past year. Looking forward, earnings are forecast to grow by 11% annually.

Industry Valuation and Performance

Has the Australian Casinos and Gaming Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 26 Jul 2026AU$52.7bAU$14.8bAU$1.6b24.7x32.8x3.6x
Tue, 23 Jun 2026AU$50.5bAU$14.8bAU$1.6b23.2x31.5x3.4x
Thu, 21 May 2026AU$45.8bAU$14.8bAU$1.6b20.9x28.5x3.1x
Sat, 18 Apr 2026AU$47.0bAU$15.0bAU$1.3b25.1x36.4x3.1x
Mon, 16 Mar 2026AU$44.8bAU$15.0bAU$1.3b23.7x34.6x3x
Wed, 11 Feb 2026AU$61.8bAU$19.5bAU$1.7b27.2x35.8x3.2x
Fri, 09 Jan 2026AU$64.0bAU$19.8bAU$1.8b29.4x36.4x3.2x
Sun, 07 Dec 2025AU$64.0bAU$19.8bAU$1.8b29.9x36.2x3.2x
Tue, 04 Nov 2025AU$56.3bAU$15.5bAU$1.1b33.6x49.2x3.6x
Thu, 02 Oct 2025AU$60.5bAU$15.5bAU$1.1b27.7x55x3.9x
Sat, 30 Aug 2025AU$62.8bAU$15.5bAU$1.1b28.1x57.6x4x
Mon, 28 Jul 2025AU$58.0bAU$15.7b-AU$1,149,260,495.0016.2x-50.4x3.7x
Wed, 25 Jun 2025AU$56.5bAU$15.7b-AU$1,149,260,495.0014.8x-49.2x3.6x
Fri, 23 May 2025AU$53.4bAU$15.7b-AU$1,149,260,495.0015.2x-46.5x3.4x
Sun, 20 Apr 2025AU$53.6bAU$15.4b-AU$1,008,160,495.0015.4x-53.2x3.5x
Tue, 18 Mar 2025AU$55.8bAU$15.6b-AU$697,160,495.0016.5x-80x3.6x
Thu, 13 Feb 2025AU$61.3bAU$15.5b-AU$1,363,728,645.0022.6x-44.9x3.9x
Sat, 11 Jan 2025AU$59.3bAU$15.5b-AU$1,363,728,645.0022.6x-43.5x3.8x
Mon, 09 Dec 2024AU$57.7bAU$15.5b-AU$1,363,728,645.0024x-42.3x3.7x
Wed, 06 Nov 2024AU$53.9bAU$15.4b-AU$1,154,728,645.0022.6x-46.7x3.5x
Fri, 04 Oct 2024AU$50.5bAU$15.4b-AU$1,154,728,645.0021.5x-43.7x3.3x
Sun, 01 Sep 2024AU$49.5bAU$15.5b-AU$632,261,645.0021.4x-78.3x3.2x
Tue, 30 Jul 2024AU$50.0bAU$14.9b-AU$61,934,868.0022.5x-806.6x3.3x
Thu, 27 Jun 2024AU$47.8bAU$14.9b-AU$61,934,868.0020.9x-771.9x3.2x
Sat, 25 May 2024AU$44.1bAU$14.9b-AU$61,934,868.0018.8x-712.6x3x
Mon, 22 Apr 2024AU$41.3bAU$14.7b-AU$120,234,868.0017.6x-343.7x2.8x
Wed, 20 Mar 2024AU$45.1bAU$14.7b-AU$122,732,868.0019.4x-367.3x3.1x
Fri, 16 Feb 2024AU$44.8bAU$14.9b-AU$803,837,719.0028.4x-55.8x3x
Sun, 14 Jan 2024AU$50.1bAU$16.7b-AU$1,140,837,719.0026.4x-43.9x3x
Tue, 12 Dec 2023AU$49.1bAU$16.7b-AU$1,140,837,719.0024.7x-43x2.9x
Thu, 09 Nov 2023AU$50.4bAU$16.3b-AU$1,506,437,719.0027.4x-33.4x3.1x
Sat, 07 Oct 2023AU$50.3bAU$16.3b-AU$1,506,437,719.0030.8x-33.4x3.1x
Mon, 04 Sep 2023AU$52.9bAU$16.3b-AU$1,514,060,733.0034x-35x3.3x
Wed, 02 Aug 2023AU$52.7bAU$16.6b-AU$752,887,733.0030x-69.9x3.2x
Price to Earnings Ratio

-69.9x


Total Market Cap: AU$52.7bTotal Earnings: -AU$752,887,733.00Total Revenue: AU$16.6bTotal Market Cap vs Earnings and Revenue0%0%0%
Australian Casinos and Gaming Industry Price to Earnings3Y Average -104.7x202420252026
Current Industry PE
  • Investors are optimistic on the Australian Casinos and Gaming industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 32.8x which is higher than its 3-year average PE of -105x.
  • The industry is trading close to its 3-year average PS ratio of 3.3x.
Past Earnings Growth
  • Total earnings for the Casinos and Gaming industry have gone up over the last three years and the industry is now profitable.
  • Revenues have declined 3.8% per year.
  • This means that less sales are being generated overall, but since the cost of doing business is lower, profits have been increasing.

Industry Comparison

How does Australian Casinos and Gaming compare with similar industries?

AU Market-0.36%
Consumer Discretionary-4.21%
Hospitality-1.76%
Casinos and Gaming-1.80%
Leisure Facilities6.32%
Hotels, Resorts and Cruise Lines-1.36%
Restaurants-2.34%
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
SGR Star Entertainment GroupAU$0.129.1%
+AU$66.4m		4.3%PS0.6x
AGI Ainsworth Game TechnologyAU$1.392.6%
+AU$11.8m		41.1%PS1.6x
RCT Reef Casino TrustAU$3.845.3%
+AU$4.9m		12.3%PE17.7x
PBH PointsBet HoldingsAU$0.941.1%
+AU$3.5m		-21.7%PS1.3x

Latest News

PBH
AU$0.94
PointsBet Holdings
7D
1.1%
1Y
-21.7%
LNW
AU$106.03
Light & Wonder
7D
-5.7%
1Y
-28.2%
Narrative Update • Jul 24

LNW: Share Repurchases Will Support Earnings Power Despite Higher Discount Rate

Analysts have reduced their price target on Light & Wonder to A$168.45 from A$177.72, citing updated assumptions for discount rates, revenue growth, profit margins and future P/E multiples. What's in the News for Light & Wonder Light & Wonder reported that from January 1, 2026 to March 31, 2026, it repurchased 200,000 shares for $22 million under the buyback announced on June 13, 2024.
BBT
AU$0.17
Betr Entertainment
7D
-5.7%
1Y
-46.8%
New Narrative • Jul 23

Regulatory And Cost Pressures Will Challenge Wagering Expansion Yet Leave Upside Potential

Catalysts About Betr Entertainment Betr Entertainment operates an online wagering platform focused on racing and sports betting products. What are the underlying business or industry changes driving this perspective?
JIN
AU$6.84
Jumbo Interactive
7D
-3.5%
1Y
-33.7%
Narrative Update • Jul 21

JIN: International SaaS Expansion Will Support Future Earnings Repricing

Analysts have reduced their price target for Jumbo Interactive to A$12.50 from A$15.90, reflecting updated assumptions around slightly lower revenue growth and profit margins, a higher discount rate, and a modestly higher future P/E multiple. What’s in the News for Jumbo Interactive Jumbo Interactive upgraded its FY26 underlying EBITDA guidance to a range of A$82 million to A$85 million, with the company linking this outlook to its international operations, particularly the Dream Giveaway business in the US.
TLC
AU$5.44
Lottery
7D
-4.4%
1Y
-0.2%
ALL
AU$60.79
Aristocrat Leisure
7D
-1.3%
1Y
-9.5%
AGI
AU$1.39
Ainsworth Game Technology
7D
2.6%
1Y
41.1%
SGR
AU$0.12
Star Entertainment Group
7D
9.1%
1Y
4.3%
Narrative Update • Jun 26

SGR: New Funding And Higher P/E Expectations Will Support Future Upside

Analysts have adjusted their price target for Star Entertainment Group to A$0.13 from A$0.12. This reflects updated assumptions around discount rates, revenue trends, profit margins and the future P/E multiple.
RCT
AU$3.84
Reef Casino Trust
7D
5.3%
1Y
12.3%