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Australian (ASX) Casinos and Gaming Industry Analysis

UpdatedJun 29, 2026
DataAggregated Company Financials
Companies9
  • 7D4.2%
  • 3M19.5%
  • 1Y-5.2%
  • YTDn/a

In the last week, the Casinos and Gaming industry is up 4.2%, with Aristocrat Leisure up 6.8%. During this same period, the Light & Wonder underperformed, falling 14%. However, the industry is down 5.2% over the past year. As for the next few years, earnings are expected to grow by 10% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 29 Jun 2026AU$51.6bAU$14.8bAU$1.6b24x32.1x3.5x
Wed, 27 May 2026AU$44.6bAU$14.8bAU$1.6b20x27.8x3x
Fri, 24 Apr 2026AU$45.9bAU$15.0bAU$1.3b24.1x35.5x3.1x
Sun, 22 Mar 2026AU$43.9bAU$15.0bAU$1.3b23.2x33.9x2.9x
Tue, 17 Feb 2026AU$57.9bAU$19.5bAU$1.7b25.6x33.5x3x
Thu, 15 Jan 2026AU$66.8bAU$19.8bAU$1.8b30.1x37.9x3.4x
Sat, 13 Dec 2025AU$63.6bAU$19.8bAU$1.8b29.5x36.1x3.2x
Mon, 10 Nov 2025AU$55.0bAU$15.5bAU$1.1b33.2x48.1x3.5x
Wed, 08 Oct 2025AU$59.7bAU$15.5bAU$1.1b27.1x52.3x3.8x
Fri, 05 Sep 2025AU$60.7bAU$15.5bAU$1.1b28.2x55.2x3.9x
Sun, 03 Aug 2025AU$59.0bAU$15.7b-AU$1,149,260,495.0016.7x-51.3x3.8x
Tue, 01 Jul 2025AU$56.3bAU$15.7b-AU$1,149,260,495.0015x-49x3.6x
Thu, 29 May 2025AU$54.8bAU$15.7b-AU$1,149,260,495.0015x-47.7x3.5x
Sat, 26 Apr 2025AU$54.5bAU$15.4b-AU$1,008,160,495.0015x-54.1x3.5x
Mon, 24 Mar 2025AU$55.3bAU$15.6b-AU$697,160,495.0017x-79.3x3.6x
Wed, 19 Feb 2025AU$63.8bAU$15.5b-AU$1,363,728,645.0022.9x-46.8x4.1x
Fri, 17 Jan 2025AU$58.7bAU$15.5b-AU$1,363,728,645.0022.1x-43x3.8x
Sun, 15 Dec 2024AU$58.1bAU$15.5b-AU$1,363,728,645.0023.8x-42.6x3.7x
Tue, 12 Nov 2024AU$55.8bAU$15.4b-AU$1,154,728,645.0022.5x-48.4x3.6x
Thu, 10 Oct 2024AU$51.8bAU$15.4b-AU$1,154,728,645.0022x-44.9x3.4x
Sat, 07 Sep 2024AU$49.5bAU$15.5b-AU$632,261,645.0021.2x-78.3x3.2x
Mon, 05 Aug 2024AU$48.7bAU$14.9b-AU$61,934,868.0021.8x-785.6x3.3x
Wed, 03 Jul 2024AU$47.2bAU$14.9b-AU$61,934,868.0020.7x-761.6x3.2x
Fri, 31 May 2024AU$43.1bAU$14.9b-AU$61,934,868.0018.4x-695.7x2.9x
Sun, 28 Apr 2024AU$41.1bAU$14.7b-AU$120,234,868.0017.5x-341.6x2.8x
Tue, 26 Mar 2024AU$44.6bAU$14.7b-AU$122,732,868.0018.9x-363.8x3x
Thu, 22 Feb 2024AU$44.9bAU$14.9b-AU$759,337,719.0027.9x-59.1x3x
Sat, 20 Jan 2024AU$52.0bAU$16.7b-AU$1,140,837,719.0026.7x-45.6x3.1x
Mon, 18 Dec 2023AU$50.7bAU$16.7b-AU$1,140,837,719.0025.4x-44.5x3x
Wed, 15 Nov 2023AU$50.1bAU$16.3b-AU$1,506,437,719.0027.2x-33.2x3.1x
Fri, 13 Oct 2023AU$50.8bAU$16.3b-AU$1,506,437,719.0030.5x-33.7x3.1x
Sun, 10 Sep 2023AU$51.6bAU$16.3b-AU$1,514,060,733.0032.5x-34.1x3.2x
Tue, 08 Aug 2023AU$53.4bAU$16.6b-AU$752,887,733.0029.4x-70.9x3.2x
Thu, 06 Jul 2023AU$52.2bAU$16.6b-AU$752,887,733.0028x-69.4x3.2x
Price to Earnings Ratio

-69.4x


Total Market Cap: AU$52.2bTotal 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 -107.2x202420252026
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 32.1x which is higher than its 3-year average PE of -107x.
  • 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-0.91%
Consumer Discretionary3.72%
Hospitality3.56%
Casinos and Gaming4.22%
Restaurants1.04%
Hotels, Resorts and Cruise Lines-0.64%
Leisure Facilities-5.75%
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$60.517.0%
+AU$2.4b		-7.2%PE24.7x
TLC LotteryAU$5.712.7%
+AU$333.7m		7.1%PE35x
RCT Reef Casino TrustAU$3.551.4%
+AU$1.2m		14.5%PE16.3x

Latest News

BBT
AU$0.17
Betr Entertainment
7D
-2.9%
1Y
-38.9%
Narrative Update • Jun 26

BBT: Future Profitability Assumptions Will Support A Re-Rating Narrative

Analysts have cut their price target for Betr Entertainment to A$0.36 from A$0.45, citing updated assumptions around discount rates, revenue growth, profit margins, and a much higher assumed future P/E multiple. What's in the News for Betr Entertainment Betr Entertainment appointed Blake Matthews as Chief Financial Officer, effective July 1, 2026.
LNW
AU$112.79
Light & Wonder
7D
-9.4%
1Y
-23.5%
Narrative Update • Jun 26

LNW: Share Buybacks And Margin Outlook Will Support Future Upside Potential

Analysts have trimmed their Light & Wonder price target to about A$220 from roughly A$240, citing updated assumptions that combine a higher discount rate and more moderate revenue growth with stronger profit margins and a lower future P/E multiple. 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 program announced on June 13, 2024.
TLC
AU$5.71
Lottery
7D
2.7%
1Y
7.1%
Narrative Update • Jun 26

TLC: Licence Extension And Earnings Assumptions Will Shape A Balanced Outlook

Analysts have adjusted their valuation for Lottery, with the fair value estimate moving from A$5.63 to A$5.82 as updated assumptions on discount rate, revenue growth, profit margin, and future P/E filter through their models. What’s in the News for Lottery The Lottery Corporation held an Analyst/Investor Day, giving the market an opportunity to hear updated views and assumptions that feed into valuation work on the stock.
SGR
AU$0.093
Star Entertainment Group
7D
-5.1%
1Y
-31.1%
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.
JIN
AU$5.96
Jumbo Interactive
7D
-20.7%
1Y
-39.2%
AGI
AU$1.22
Ainsworth Game Technology
7D
-13.5%
1Y
34.3%
ALL
AU$60.51
Aristocrat Leisure
7D
7.0%
1Y
-7.2%
RCT
AU$3.55
Reef Casino Trust
7D
1.4%
1Y
14.5%
TAH
AU$0.85
Tabcorp Holdings
7D
-0.6%
1Y
18.9%
New Narrative • May 26

Next Generation Retail And Live Wagering Will Transform Long Term Earnings Power

Catalysts About Tabcorp Holdings Tabcorp Holdings operates wagering, media and gaming services with a focus on omnichannel betting and racing and sports entertainment across Australia. What are the underlying business or industry changes driving this perspective?