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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



Gambling News :

US$30M DUBAI WORLD CUP - Racecourse Media Group and Meydan to showcase world’s richest raceday to more than 150 territories The Dubai World Cup is the first horse race to be broadcast live on airlines and cruise lines

NHL Odds: Forsberg Faces Elliott in Nashville - The last time the Nashville Predators played against the Calgary Flames, Calgary had a 4-1 lead five minutes into the second period. Nashville responded with four back-to-back goals, including a hat trick from centreman Filip Forsberg. Both teams went into overtime with five goals, and Calgary defenseman Mark Giordano (12 goals, 22 assists) scored the winning goal.

Sit & Go 2.0 launched online exclusively at Americas Cardroom - Get ready to cheer like a champion before the first flop is even dealt. The much-anticipated Sit & Go 2.0 is now launched online exclusively at Americas Cardroom and Sit & Go players are reaping the benefits of the next evolution of poker.

NBA Odds: Hawks, Wiz in Southeast Showdown - The Washington Wizards (42-27 SU, 36-32-1 ATS) can pretty much secure the Southeast Division title with a win Wednesday night over the Atlanta Hawks (37-32 SU, 31-38 ATS). Tip-off is at 8 PM ET on ESPN; the Wizards lead Atlanta by five games with less than a month remaining before the playoffs.

Mega Moolah progressive jackpot Hit Again - Microgaming’s Mega Moolah progressive jackpot slot has been hit yet again at just over €6.6 million!

NBA Odds: Clippers Try to Slow Down Bucks in LA - Milwaukee Bucks small forward Giannis Antetokounmpo and Los Angeles Clippers power forward Blake Griffin are two of the most talented and versatile forwards in the NBA. The two lead their teams into battle on Wednesday in Los Angeles.

NCAAB Odds: SMU Hosts Tulsa With AAC Title on the Line - There aren’t too many college basketball teams more profitable than the SMU Mustangs (25-4 SU, 18-5-1 ATS). They host the Tulsa Golden Hurricane (14-14 SU, 15-12 ATS) this Thursday night, tipping off at 8 PM ET on CBSSN.

NHL Odds: Canadiens Welcome Islanders Tonight - The Montreal Canadiens (32-20-8) welcome the New York Islanders (28-21-10) on Thursday (7:30 PM ET on SNE). After getting their first victory under new head coach Claude Julien, the Canadiens will look to build on that momentum against a red-hot Islanders team.

NHL Odds: Reeling Flyers Seek Relief in Pittsburgh - #nhl The Philadelphia Flyers have been a bit off since the holidays. They’ve won just eight games since the Christmas break, and now they’ve got a tough one coming up this Saturday night against the Pittsburgh Penguins.

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