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Australian (ASX) Casinos and Gaming Industry Analysis

UpdatedApr 16, 2026
DataAggregated Company Financials
Companies10
  • 7D-1.0%
  • 3M-11.5%
  • 1Y-12.9%
  • YTDn/a

Over the last 7 days, the Casinos and Gaming industry has dropped 1.0%, driven by Light & Wonder declining 3.3%. However, the industry is down 13% over the past year. As for the next few years, earnings are expected to grow by 15% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 16 Apr 2026AU$45.9bAU$15.0bAU$1.3b24.4x35.5x3.1x
Sat, 14 Mar 2026AU$44.8bAU$15.0bAU$1.3b23.7x34.6x3x
Mon, 09 Feb 2026AU$60.2bAU$19.6bAU$1.7b26.3x34.8x3.1x
Wed, 07 Jan 2026AU$62.6bAU$19.8bAU$1.8b28.6x35.6x3.2x
Fri, 05 Dec 2025AU$64.2bAU$19.8bAU$1.8b30.3x36.3x3.2x
Sun, 02 Nov 2025AU$56.1bAU$15.5bAU$1.1b33.6x49x3.6x
Tue, 30 Sep 2025AU$60.8bAU$15.5bAU$1.1b27.8x55.3x3.9x
Thu, 28 Aug 2025AU$62.2bAU$15.7b-AU$471,423,000.0027.8x-132x4x
Sat, 26 Jul 2025AU$58.0bAU$15.7b-AU$1,149,260,495.0016.2x-50.4x3.7x
Mon, 23 Jun 2025AU$57.7bAU$15.7b-AU$1,149,260,495.0015.1x-50.2x3.7x
Wed, 21 May 2025AU$54.8bAU$15.7b-AU$1,149,260,495.0016.1x-47.7x3.5x
Fri, 18 Apr 2025AU$53.6bAU$15.4b-AU$1,008,160,495.0015.4x-53.2x3.5x
Sun, 16 Mar 2025AU$55.8bAU$15.6b-AU$697,160,495.0015.9x-80.1x3.6x
Tue, 11 Feb 2025AU$60.8bAU$15.5b-AU$1,363,728,645.0022.7x-44.6x3.9x
Thu, 09 Jan 2025AU$59.7bAU$15.5b-AU$1,363,728,645.0023.5x-43.8x3.8x
Sat, 07 Dec 2024AU$57.7bAU$15.5b-AU$1,363,728,645.0024x-42.3x3.7x
Mon, 04 Nov 2024AU$53.2bAU$15.4b-AU$1,154,728,645.0022.2x-46.1x3.5x
Wed, 02 Oct 2024AU$51.5bAU$15.4b-AU$1,154,728,645.0022x-44.6x3.3x
Fri, 30 Aug 2024AU$49.0bAU$15.4b-AU$657,260,868.0021.3x-74.6x3.2x
Sun, 28 Jul 2024AU$48.9bAU$14.9b-AU$61,934,868.0021.9x-789.2x3.3x
Tue, 25 Jun 2024AU$47.1bAU$14.9b-AU$61,934,868.0020.5x-760.8x3.2x
Thu, 23 May 2024AU$45.4bAU$14.9b-AU$61,934,868.0019.5x-733.4x3x
Sat, 20 Apr 2024AU$41.2bAU$14.7b-AU$120,234,868.0017.4x-342.3x2.8x
Mon, 18 Mar 2024AU$44.7bAU$14.7b-AU$122,732,868.0019.4x-364.5x3x
Wed, 14 Feb 2024AU$44.5bAU$14.9b-AU$803,837,719.0028.9x-55.3x3x
Fri, 12 Jan 2024AU$49.8bAU$16.7b-AU$1,140,837,719.0026.2x-43.7x3x
Sun, 10 Dec 2023AU$49.2bAU$16.7b-AU$1,140,837,719.0024.8x-43.1x3x
Tue, 07 Nov 2023AU$50.1bAU$16.3b-AU$1,506,437,719.0027.5x-33.2x3.1x
Thu, 05 Oct 2023AU$50.4bAU$16.3b-AU$1,506,437,719.0030.7x-33.5x3.1x
Sat, 02 Sep 2023AU$52.9bAU$16.3b-AU$1,514,060,733.0034x-35x3.3x
Mon, 31 Jul 2023AU$52.2bAU$16.6b-AU$752,887,733.0030.1x-69.3x3.1x
Wed, 28 Jun 2023AU$50.6bAU$16.6b-AU$752,887,733.0027.4x-67.2x3.1x
Fri, 26 May 2023AU$51.5bAU$16.6b-AU$752,887,733.0027.9x-68.4x3.1x
Sun, 23 Apr 2023AU$51.2bAU$16.2b-AU$892,914,733.0026.1x-57.3x3.2x
Price to Earnings Ratio

-57.3x


Total Market Cap: AU$51.2bTotal Earnings: -AU$892,914,733.00Total Revenue: AU$16.2bTotal Market Cap vs Earnings and Revenue0%0%0%
Australian Casinos and Gaming Industry Price to Earnings3Y Average -113.6x202420252026
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 35.5x which is higher than its 3-year average PE of -114x.
  • 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 2.5% 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 Market0.27%
Consumer Discretionary-2.81%
Hospitality-1.36%
Casinos and Gaming-1.02%
Leisure Facilities-2.74%
Hotels, Resorts and Cruise Lines-2.77%
Restaurants-3.27%
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
ALL Aristocrat LeisureAU$49.133.6%
+AU$1.0b		-21.3%PE25.2x
TLC LotteryAU$5.601.3%
+AU$155.7m		10.0%PE34.3x
PBH PointsBet HoldingsAU$0.959.1%
+AU$27.8m		-8.6%PS1.2x
AGI Ainsworth Game TechnologyAU$1.072.4%
+AU$8.4m		41.7%PS1.2x

Latest News

LNW
AU$122.02
Light & Wonder
7D
-3.3%
1Y
-2.9%
TAH
AU$0.94
Tabcorp Holdings
7D
-3.6%
1Y
67.0%

TAH: Future Returns Will Depend On Execution And Dividend Delivery After Downgrade

Analysts have trimmed their 12 month price target on Tabcorp Holdings to A$1.12. The shift reflects a slightly higher discount rate and a modestly adjusted future P/E assumption following recent research updates, including a downgrade at a major broker.
ALL
AU$49.13
Aristocrat Leisure
7D
3.6%
1Y
-21.3%

ALL: Refined P/E Framework And Execution Discipline Will Support Future Earnings Resilience

Analysts have adjusted their price target on Aristocrat Leisure by refining assumptions, such as a slightly higher discount rate and updated future P/E expectations. This has resulted in a new target of A$66.40.
JIN
AU$8.01
Jumbo Interactive
7D
-2.4%
1Y
-19.8%

JIN: Dividend Clarity And Steady Assumptions Will Support Future Upside Potential

Analysts have adjusted their price target for Jumbo Interactive to A$9.20. This reflects updated assumptions for discount rate, revenue growth, profit margins and future P/E, while leaving their overall view of fair value broadly unchanged.
AGI
AU$1.07
Ainsworth Game Technology
7D
2.4%
1Y
41.7%
PBH
AU$0.95
PointsBet Holdings
7D
9.1%
1Y
-8.6%
SGR
AU$0.12
Star Entertainment Group
7D
-4.2%
1Y
15.0%
BBT
AU$0.17
Betr Entertainment
7D
-12.8%
1Y
-43.3%
BET
AU$0.17
Betmakers Technology Group
7D
-7.9%
1Y
59.1%
RCT
AU$3.40
Reef Casino Trust
7D
-2.9%
1Y
6.3%
TLC
AU$5.60
Lottery
7D
1.3%
1Y
10.0%