FINANCIAL PERFORMANCE OF SLOVENE CASINO INDUSTRY: COMPARATIVE ANALYSIS OF REGULAR CASINOS
AND CASINO SALOONS
Mateja Jerman, Associate Professor
University of Primorska, Faculty of management, Cankarjeva 6, 6000 Koper, Slovenia
DOI: https://doi.org/10.31410/tmt.2018.651
AND CASINO SALOONS
Mateja Jerman, Associate Professor
University of Primorska, Faculty of management, Cankarjeva 6, 6000 Koper, Slovenia
DOI: https://doi.org/10.31410/tmt.2018.651
3rd International Thematic Monograph - Thematic Proceedings: Modern Management Tools and Economy of Tourism Sector in Present Era, Belgrade, 2018, Published by: Association of Economists and Managers of the Balkans in cooperation with the Faculty of Tourism and Hospitality, Ohrid, Macedonia; ISBN 978-86-80194-14-1; Editors: Vuk Bevanda, associate professor, Faculty of Business Studies, Megatrend University, Belgrade, Serbia; Snežana Štetić, full time professor, The College of Tourism, Belgrade, Serbia
Abstract: The casino industry has an important role for the Slovene economy. However, in the last
decade the Association of gambling in Slovenia highlights that the situation in the industry in terms of
economic profitability is getting worse. In Slovenia, casinos are divided to regular casinos, which can
organize 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 perform
a comparative analysis of their performance, to find out if financial problems refer to the whole industry
or only to a part of it. The results show that in the recent period there was no significant difference in
financial performance between regular casinos and casino saloons. However, we found a statistically
significant difference in the return on equity considering times before the financial crisis and the period
2013–2017. Lately the financial performance of casinos is on average significantly worse than it was in
the past. The results of this study draw attention to the fact the Strategy of the development of games of
chance in Slovenia from 2010 has to be implemented.
Keywords: casino industry, performance, financial analysis, Slovenia.
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