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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)

 
http://www.companiesandmarkets.com/News/Leisure/Global-Casino-Gaming-Industry/NI8005

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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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