FINANCIAL PERFORMANCE OF SLOVENE CASINO INDUSTRY: COMPARATIVE ANALYSIS OF REGULAR CASINOS AND CASINO SALOONS
FINANCIAL PERFORMANCE OF SLOVENE CASINO INDUSTRY: COMPARATIVE ANALYSIS OF REGULAR CASINOS AND CASINO SALOONS

Author(s): Mateja Jerman
Subject(s): Economy, National Economy
Published by: Udruženje ekonomista i menadžera Balkana
Keywords: casino industry;performance;financial analysis;Slovenia;
Summary/Abstract: The casino industry has an important role for the Slovene economy. However, in the lastdecade the Association of gambling in Slovenia highlights that the situation in the industry in terms ofeconomic profitability is getting worse. In Slovenia, casinos are divided to regular casinos, which canorganize all special games of chance and casino saloons that can organize only a limited part of them.Since in the past there were found differences in their financial performance, the paper aims to performa comparative analysis of their performance, to find out if financial problems refer to the whole industryor only to a part of it. The results show that in the recent period there was no significant difference infinancial performance between regular casinos and casino saloons. However, we found a statisticallysignificant difference in the return on equity considering times before the financial crisis and the period2013–2017. Lately the financial performance of casinos is on average significantly worse than it was inthe past. The results of this study draw attention to the fact the Strategy of the development of games ofchance in Slovenia from 2010 has to be implemented.

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