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Latest gambling stats From Morgan Stanley
Thursday, April 9, 2015 : ANALYST PUBLISHES GLOBAL REPORT ON GAMBLING
International gambling business is worth $423 billion, says Morgan Stanley.
The publication Forbes magazine reported on the latest gambling stats from respected analyst group Morgan Stanley this week, which estimated current revenues of the global land and online gambling market at $423 billion.
Lotteries accounted for 29 percent of overall revenues at $121 billion, with what the report terms “other gambling” such as sports betting and pari-mutuel racing as the next biggest contributor at $118 billion or 28 percent, and online gambling at $37 billion or 9 percent.
Of the $146 billion from land-based casinos, US commercial and tribal operations took in $67 billion (46 percent), Asia and Australia casinos $61 billion or 42 percent. The rest of the world’s brick-and-mortars had $18 billion or 12 percent.
Last month Morgan Stanley revised its estimates for the size of the U.S. online gambling industry by 2020, reducing its predicted value from $5 billion to $2.7 billion
See the Forbes report on Morgan Stanley's conclusions here:
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Gambling News :
Interwetten 2016 Earnings Results -
Privately-owned online sports betting operator Interwetten delivered robust full year results for the 2016 fiscal period, in which the company has almost achieved doubling its revenues over the past four years, success it attributes to its in-house developed platform
EU Online Gambling Tax Harmoney Dead -
Tax expert says European Court of Justice Attorney General's opinion on UK-Gibraltar litigation signals that EU courts are happy for individual member states to impose their own laws on online gambling.
Jack Lam Facing Big Fines in the Philippines -
It's going to be costly for Macau online gambling and junket tycoon Jack Lam to return to the Philippines following his rather hurried departure last year with allegations of economic sabotage, bribery and tax evasion swirling around him.
PlaySugarHouse To Carry Konami Content -
Content provider Konami will provide its Gypsy Fire and Fortune Stacks slot games to Rush Street Interactive-operated PlaySugarHouse.com on an exclusive basis in the New Jersey real-money online and mobile wagering market.
ITF TERMINATES BETWAY SPONSORSHIP DEAL -
The International Tennis Federation (ITF) has reportedly terminated Betway’s three-year sponsorship partnership as an extension to their anti-match fixing and sports integrity policy.
GSA To Launch European division -
The expansion enables the GSA to better focus on the regional needs of its members outside of North America and underscores its recognition and commitment to growing European membership.
Paddy Power Trading Update -
Company prevails despite adverse sports and US election results; Trump success cost the group GBP 5 million, whilst punter successes took another GBP 40 million in Q4-2016.
Tabcorp SunBets project -
The details were revealed this week in an IT News article quoting Tabcorp's chief information officer, Kim Wenn, who described the SunBets project as Tabcorp's biggest global venture yet.
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