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ASIA GAMBLING SET TO OVERTAKE U.S. NUMBERS

Macau casino revenues have already overtaken those in Las Vegas, assisted by major American investment in the island, and according to a recent study by the American Gaming Association, Asia could overtake the US by 2012.
 
The AGA survey canvassed opinions from 23 well-informed gambling industry executives, analysts and academics, with most of the respondents opining that Asia's gaming industry revenues could surpass that of the U.S. by 2012. Over 80 percent of respondents said Asia's dominance was "very likely" or at the least, "likely."
 
Frank Fahrenkopf, the president of the Association told the the Global Gaming Expo in Macau this week: "The results... foretell a remarkable future for the Asian gaming market. There is no doubt this is an exciting time in Asia for the gaming industry."
 
The study revealed that successful resorts in Singapore, Macau and other Asian countries are driving growth. Of 23 industry executives, analysts and academics polled,
 
American casinos earned $34.1 billion in 2007, according to the AGA. Asia's revenue was estimated at between $15 billion and $20 billion, Fahrenkopf said.
 
Unsurprisingly, most of the respondents felt that Macau would remain Asia's market leader despite recent government moves to curtail further licencing. The southern Chinese island gambling centre reported that revenues grew at an annualised rate of 41 percent from 2005 and 2007. Last year, Macau casinos took in $10.3 billion, according to SAR government numbers, overtaking the Las Vegas Strip as the world's top gambling mecca

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Gambling News :

Tain Fast Bet - Our readers will recall Tain recently increased the number of live events it covers each month to 23,000, covering both traditional markets such as football, tennis and US sports and the more obscure curling, biathlon and Water Polo.

Olympic Entertainment Group Mobile Gaming - In its full-year 2016 report, Olympic Entertainment Group (OEG) has informed the establishment of a Malta-based company registered to facilitate its intended expansion into remote gambling.

Circus Evolution HD Slot - Malta-based content provider World Match has released its first title of 2017, “Circus Evolution HD”, a 5-reel, 3-row, circus-themed adventure offering Free Spins, Wilds and a Bonus Game.

Kindred Group Gets EU Recommendation on Consumer Protection - Kindred Group (formerly Unibet) has become the first operator to successfully meet the requirements of the EU Recommendation on Consumer Protection and Responsible Gambling following an external audit.

17 Crown people still detained - Reports from China over the weekend suggest that the 17 Crown people still detained could be looking at another twelve months of imprisonment as investigations into their alleged and still unspecified crimes drag on

SB1400 Virginia Poker Skill Game Bill - Her bill SB1400 is currently with the Senate General Laws and Technology Committee, whose 15 members will decide whether to progress it or condemn the Senator to another year of failure.

Pennsylvania Video Gaming Association - With the focus on Pennsylvania as the most likely next US state to legalize online gambling as part of a general gambling expansion measure, reporters noted this week the emergence of a new lobbying group in the state - the Pennsylvania Video Gaming Association.

Stiffer Problem Gambling Penalties in UK - The Guardian newspaper reports that the UK Gambling Commission plans to unveil new enforcement strategies on problem gambling and money laundering prevention this month, laying down tougher penalties for operators who fail to tackle these issues.

Malaysian police Destroy over 5000 Gambling Computers - Malaysian police in Kajang have destroyed 5,042 computer sets seized in online gambling raids over the past two years, explaining that the action is designed to take the machines out of circulation.

Spartan Poker vs SpartanPoker name War - Pokerguru, which owns the brand SpartanPoker.com, has threatened to sue the Indian Poker Championship over its use of the title Spartan Poker, and recently published a notification that it is not associated with the IPC version of the brand.

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