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Australian (ASX) Casinos and Gaming Industry Analysis

UpdatedAug 03, 2026
DataAggregated Company Financials
Companies9
  • 7D4.7%
  • 3M21.5%
  • 1Y-3.7%
  • YTDn/a

Over the last 7 days, the Casinos and Gaming industry has risen 4.7%, driven by gains from Aristocrat Leisure of 3.8%. During this same period, the Ainsworth Game Technology underperformed, falling 16%. In the past year, the industry is down 3.7%. 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
Tue, 04 Aug 2026AU$55.1bAU$14.8bAU$1.6b26.1x34.3x3.7x
Thu, 02 Jul 2026AU$52.3bAU$14.8bAU$1.6b24.5x32.6x3.5x
Sat, 30 May 2026AU$46.1bAU$14.8bAU$1.6b20.5x28.7x3.1x
Mon, 27 Apr 2026AU$46.2bAU$15.0bAU$1.3b24.4x35.7x3.1x
Wed, 25 Mar 2026AU$44.3bAU$15.0bAU$1.3b23.3x34.3x3x
Fri, 20 Feb 2026AU$59.3bAU$19.6bAU$1.7b26.1x34.3x3x
Sun, 18 Jan 2026AU$66.8bAU$19.8bAU$1.8b30x37.9x3.4x
Tue, 16 Dec 2025AU$63.2bAU$19.8bAU$1.8b29.6x35.8x3.2x
Thu, 13 Nov 2025AU$53.0bAU$15.0bAU$1.2b31.9x45.5x3.5x
Sat, 11 Oct 2025AU$59.1bAU$15.5bAU$1.1b27.1x51.7x3.8x
Mon, 08 Sep 2025AU$61.0bAU$15.5bAU$1.1b28.3x55.5x3.9x
Wed, 06 Aug 2025AU$58.9bAU$15.7b-AU$1,149,260,495.0016.6x-51.3x3.8x
Fri, 04 Jul 2025AU$57.6bAU$15.7b-AU$1,149,260,495.0015.2x-50.1x3.7x
Sun, 01 Jun 2025AU$54.0bAU$15.7b-AU$1,149,260,495.0014.9x-47x3.5x
Tue, 29 Apr 2025AU$55.2bAU$15.4b-AU$1,008,160,495.0014.9x-54.8x3.6x
Thu, 27 Mar 2025AU$56.4bAU$15.6b-AU$697,160,495.0017.1x-80.9x3.6x
Sat, 22 Feb 2025AU$61.3bAU$15.5b-AU$745,733,645.0024.1x-82.2x3.9x
Mon, 20 Jan 2025AU$58.6bAU$15.5b-AU$1,363,728,645.0021.9x-43x3.8x
Wed, 18 Dec 2024AU$58.8bAU$15.5b-AU$1,363,728,645.0024x-43.1x3.8x
Fri, 15 Nov 2024AU$56.5bAU$15.5b-AU$1,363,728,645.0022.8x-41.5x3.6x
Sun, 13 Oct 2024AU$51.6bAU$15.4b-AU$1,154,728,645.0021.9x-44.7x3.3x
Tue, 10 Sep 2024AU$49.3bAU$15.5b-AU$632,228,645.0021.1x-78x3.2x
Thu, 08 Aug 2024AU$47.3bAU$14.9b-AU$61,934,868.0021.3x-762.9x3.2x
Sat, 06 Jul 2024AU$47.8bAU$14.9b-AU$61,934,868.0021.3x-771.8x3.2x
Mon, 03 Jun 2024AU$43.7bAU$14.9b-AU$61,934,868.0018.8x-706.2x2.9x
Wed, 01 May 2024AU$40.9bAU$14.7b-AU$120,234,868.0017.4x-340x2.8x
Fri, 29 Mar 2024AU$44.1bAU$14.7b-AU$120,234,868.0018.8x-367x3x
Sun, 25 Feb 2024AU$44.8bAU$14.8b-AU$1,447,554,719.0031.9x-31x3x
Tue, 23 Jan 2024AU$53.0bAU$16.7b-AU$1,140,837,719.0026.9x-46.5x3.2x
Thu, 21 Dec 2023AU$51.8bAU$16.7b-AU$1,140,837,719.0028.4x-45.4x3.1x
Sat, 18 Nov 2023AU$50.2bAU$16.7b-AU$1,140,837,719.0026.7x-44x3x
Mon, 16 Oct 2023AU$50.1bAU$16.3b-AU$1,506,437,719.0030.5x-33.2x3.1x
Wed, 13 Sep 2023AU$51.7bAU$16.3b-AU$1,514,060,733.0032.6x-34.1x3.2x
Fri, 11 Aug 2023AU$53.9bAU$16.6b-AU$752,887,733.0030x-71.6x3.3x
Price to Earnings Ratio

-71.6x


Total Market Cap: AU$53.9bTotal 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 -103.8x202420252026
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 34.3x which is higher than its 3-year average PE of -104x.
  • The 3-year average PS ratio of 3.3x is lower than the industry's current PS ratio of 3.7x.
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 Market1.96%
Consumer Discretionary4.51%
Hospitality5.96%
Casinos and Gaming4.67%
Hotels, Resorts and Cruise Lines16.76%
Restaurants12.28%
Leisure Facilities1.51%
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$64.353.8%
+AU$1.4b		-6.4%PE26.2x
LNW Light & WonderAU$115.975.7%
+AU$488.9m		-20.3%PE25.7x
TLC LotteryAU$5.603.1%
+AU$378.2m		4.3%PE34.3x
SGR Star Entertainment GroupAU$0.1417.4%
+AU$132.7m		58.8%PS0.7x
TAH Tabcorp HoldingsAU$0.904.7%
+AU$91.4m		22.4%PE62.3x

Latest News

BET
AU$0.17
Betmakers Technology Group
7D
-10.8%
1Y
6.5%
ALL
AU$64.35
Aristocrat Leisure
7D
3.8%
1Y
-6.4%
New Narrative • Aug 02

Aristocrat Leisure: The Hidden Moat Behind the Machines

(This story appeared on my substack page around a week ago - https://piproberts25.substack.com/p/aristocrat-leisure-the-hidden-moat?r=6kjdcg ) Aristocrat Leisure (ASX) is a high-quality, cash-generative business with a durable competitive moat and attractive long-term growth prospects. Once known primarily as a poker machine manufacturer, the company has steadily transformed itself into a global gaming technology business with operations spanning land-based gaming, social casino games, online gaming and iGaming platforms.
PBH
AU$0.89
PointsBet Holdings
7D
-5.9%
1Y
-27.5%
LNW
AU$115.97
Light & Wonder
7D
5.7%
1Y
-20.3%
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$0.19
Betr Entertainment
7D
11.8%
1Y
-38.7%
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$7.31
Jumbo Interactive
7D
4.6%
1Y
-29.3%
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$5.60
Lottery
7D
3.1%
1Y
4.3%
TAH
AU$0.90
Tabcorp Holdings
7D
4.7%
1Y
22.4%
AGI
AU$1.17
Ainsworth Game Technology
7D
-15.8%
1Y
17.6%
SGR
AU$0.14
Star Entertainment Group
7D
17.4%
1Y
58.8%
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$3.85
Reef Casino Trust
7D
0.3%
1Y
6.6%