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Asia New report forecasts the increasing influence of region in gambling
Posted by Lenny S on 12/7/10 - The independent and respected international business services provider, PricewaterhouseCoopers, predicts that the Asian Pacific region will have a profound impact on the global gambling industry by 2014.
Although the firm excludes online gambling from its study (on the basis that uncertainty about legal issues in the United States makes it difficult to predict), it is in no doubt that Asia's and Australia's fast-growing gambling industries will account for nearly as much of the world market as the United States.
PricewaterhouseCoopers predicts the market that includes Macau in China, as well as Singapore, South Korea and Australia will generate $62.9 billion just three years from now. Revenue for companies in those markets was $21.8 billion in 2009.
In the United States, 2009 gambling revenue was $57.2 billion, including all commercial and American Indian casinos. PricewaterhouseCoopers expects that to edge up to $68.3 billion.
American Indian casinos had $26.5 billion in revenue in 2009, and the report projects that will grow 2.7 percent per year to $30.3 billion by 2014.
Commercial gambling in the U.S. will grow to $38 billion in 2014 from $30.7 billion last year, PWC forecasts.
That includes regional casinos outside Nevada and New Jersey growing 6.1 percent per year and gambling revenue in Atlantic City dropping 3.2 percent per year. Gambling in Nevada is expected to grow 4.1 percent per year and generate $12.5 billion in 2014.
Macau is already the world's top single gambling market, and the PWC report anticipates that gambling revenue will grow nearly 25 percent each of the next five years, to $45.1 billion in 2014.
That number would beat commercial gambling in the United States. The report points out that two of the world's top four gambling companies — Las Vegas Sands and Wynn Resorts — already make most of their profit in Macau, and their gambling revenue in the enclave dwarfs their U.S. gambling revenue.
3 Top Bitcoin Poker Sites -
Bitcoin, in particular, is a cryptocurrency that you can use on various online poker sites and it allows a faster and cheaper way to get money into and out of the online poker site.
Kentucky Derby Odds: Justify still Favorite -
With all the races on the Road to the Kentucky Derby complete, Justify is still on top of the odds list at 4/1. But he’s got company: Mendelssohn (9/2), Audible (11/2) and Magnum Moon (8/1) are all very much in contention for the big race on May 5.
888Poker Takes Over the States -
With more and more states moving toward online casino integration, an increasing number of international players are moving in on American territory. Who will take the crown of the most popular online poker venue in the United States?
Top gambling ICOs to watch this year -
The gambling ICOs that are being launched in 2018 are of better quality. Unlike the last half of 2017 when ICOs were numerous, the first few months of 2018 have seen a big drop in number.
MPN Poker Tour Bratislava | Day 2 -
It was a hard fight around the bubble, culminating in the elimination of Georgios Drakakis in 46th place. He received a surprise consolation entry into the next MPNPT stop in Sunny Beach, Bulgaria (5-8 July), which softened the blow of missing out on a €900 min-cash.
MPN Poker Tour Bratislava Day 1B -
Dorey Captures Chip Lead After MPNPT Bratislava Day 1b Triples 1a Field Size. The second flight of the €550 MPN Poker Tour Bratislava Main Event is in the bag, and so are the chips of 97 players who will be returning along with the 26 Day 1a survivors to fight to the money and beyond today
MPN Poker Tour Bratislava Day 1A -
The MPN Poker Tour has arrived in Bratislava for the very first time, bringing with it the Tour’s friendly mix of local and globe-trotting poker enthusiasts, pros and qualifiers to the beautiful Slovakian capital.
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