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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.

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Gambling News :

IS DAN BILZERIAN A POKER FISH? - Dan Bilzerian, the high profile Instagram legend, jet setting playboy and allegedly deadly online poker player who claims he accrued a $50 million fortune playing the game,

Vegas Crest online casino adds 30 new games - The Vegas Crest online casino has announced the addition of 30 new video slots to its games inventory from developers GameArt and Xplosive.

AMAYA C.F.O. RETIRES - Daniel Sebag, the Amaya online gambling group's first and only chief financial officer with ten years’ service under his belt, has retired, according to a company announcement Friday.

Is Sheldon Adelson in Favor of Trumo - With the inaugural presidential lunch coming to a close Friday afternoon, US Congressional reporter Paul Kane offered an interesting tweet, noting:

SD618 Massachusetts Online Gambling bill Updates - A few more details have emerged on Sen. Bruce Tarr's new online gambling legalization bill SD618 just filed in the Massachusetts Senate.

2017 $25,000 buy-in Aussie Millions Challenge event results - Taiwan poker pro James Chen has emerged victorious in the $25,000 buy-in Aussie Millions Challenge event after besting a field of 133 at the Crown in Melbourne.

Amaya FY2016 Trading Update - The Montreal-based Amaya online gambling group has issued a trading update covering FY 2016 and improving its forecast revenue and earnings numbers.

Another Mega Fortune Dreams jackpot for Euro 3.5 million - In a statement Friday NetEnt advised that the lucky player is a 62-year-old woman from central Finland who won the seven-figure sum from a Euro 1 stake.

Stanleybet has filed a legal action against the government of Cyprus - Bookmaking firm Stanleybet has filed a legal action against the government of Cyprus, claiming Euro 12.5 million as compensation for what it claims is loss of profits and opportunities, prejudice to image and business reputation and legal costs.

LeoVegas To Sponsor Leicester Tigers - The agreement includes official partner accreditation, media space at Welford Road stadium and matchday tickets and VIP hospitality as well as two pitchside perimeter boards from the 2017/18 season and one for duration of the 2016/17 season.

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