Slot operators more optimistic as revenue improves

Operators of Australia’s slot parlours are more optimistic about recovery now than in July, as revenues have improved, according to J.P. Morgan’s 11th annual slot survey.

The firm polled operators in July and again in October. In July they were generating 48 percent of 2019 revenue, while that increased to 72 percent in October. In July, 48 percent of operators expected revenues to take 12 to 24 months to recover, while now only 21 percent believe it will take that long. Forty two percent expect normal revenues in less than six months.