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Gambling To Grow 9.2 percent per annum
Friday September 13,2013 : NEW NUMBERS ON GLOBAL CASINO REVENUES
Compound annual growth rate in revenues of around 9.2 percent p.a. predicted
A new study by researcher Companies and Market predicts that the global casino gaming industry will achieve a compound annual growth rate in revenues of around 9.2 percent per annum, with the fastest growth coming from Asia Pacific (18.3 percent) and Latin America (8.1 percent).
The US gambling market is expected to grow at 5 percent per annum, and the majority of the growth is expected from regional casinos, while Nevada is expected to grow slower than the overall US market.
The study estimates global revenues will reach GBP110 billion (US$174 billion) by 2018.
The global gambling market has been continuously dominated by casinos and lotteries, the researcher notes, with each category contributing 34 percent and 29 percent respectively, of the total gambling revenues in 2012.
Online gambling legalisation in the US states of New Jersey, Delaware and Nevada, with potential for other states to follow, is listed as a possible contributor to overall growth.
The casino gaming sector witnessed delays and postponements in expansion projects as well as new gaming ventures during the recession, displaying the gaming industry's high sensitivity to economic downturns, the research company notes.
Though the market is currently exhibiting signs of revival in certain countries, the challenges set by a wavering US recovery and the Eurozone debt crisis continues to undermine the overall growth in casinos markets in these countries but not Asia.
Market progress in the USA and the European Zone over the near term is expected to remain slow and could take some time before it achieves the previous highs recorded during the pre-crisis years, Companies and Markets opines.
There are almost 900 land casinos in the United States, with that number steadily growing as more states seek to legalize casinos. 38 states now have some form of casino gambling.
Across the US and Canada, casino and card room gaming accounted for 46 percent of total North American gaming revenue, lotteries for 24 percent, tribal gaming for 27 percent, and race and sports wagering for 3 percent.
The study identifies the Top 10 regional casino markets as:
1 Macau (33 casinos)
2 Las Vegas (122)
3 Singapore (2)
4 France (1)
5 Atlantic City (12)
6 Australia (11)
7 South Korea (17)
8 Germany (76)
9 South Africa (4)
10 United Kingdom (141)
Betradar Launches US Sports Betting Solutions -
With only a few weeks to go until the betting and gambling world descends on ICE in London, Betradar have today announced that they will be launching a comprehensive range of tools and services to any company that will be looking to provide sports betting in a post-PASPA United States.
Final 12 For MPNPT Morocco -
Sunday on the MPN Poker Tour Morocco will see several trophies awarded at the Mazagan Beach Resort, with the largest going to the Main Event champion along with a prize of MAD 400,000 (c.€35,400).
MPNPT Morocco Updates -
Leading the 104 combined survivors from both flights is still Said El-Yousfi with 272,000 chips; visit the MPN Poker Tour blog for an end-of-day recap and full chip counts.
MPN Poker Tour Morocco Day 1A -
The MPN Poker Tour has returned to Morocco this week (January 11-14), featuring the MAD 1.5 million guaranteed Main Event, accompanying side events, and the activities and parties for which this tour has now become known on two continents.
2018 MPN Poker Classic -
The MPN announces the return of The Classic tournament series this January. The series is back following its successful €350,000 guaranteed debut in 2017. This time €500,000 is guaranteed, along with a once in a lifetime trip to Monaco for the Classic Champion.
PDC and Sportradar Renew Deal -
Following this month’s hugely successful World Championship, the Professional Darts Corporation (PDC) and long-standing partners Sportradar have renewed their multi-faceted cooperation that will see the leader in sports data and content continuing in their role as official data
Poker Yaar Joins MPN -
Available through download, instant play and mobile, Pokeryaar.com is live with Omaha, Hold’em and Five-Card poker variants, alongside MPN’s Fish Party, the industry’s only progressive jackpot SNGs.
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