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WORLD GAMBLING REVENUES TO TOP $155 BILLION BY 2012

The international business services and auditing group PricewaterhouseCoopers LLP has completed a study showing that global gambling revenue should pass the $155 billion mark in 2012 after growing at an annually compounded rate of 6.5 percent per year.
 
New casinos and upgrades will push gambling revenues from nearly $114 billion in 2007, the study found, with the Clun USA CasinoAsia Pacific region showing fastest growth with new resorts in the Chinese enclave of Macau as well as Singapore and Thailand generating increases of 15.2 percent annually.
 
Revenue from the Asia Pacific region will hit $37.2 billion in 2012 compared with $18.3 billion in 2007.
 
In the United States, total gambling revenue should remain well ahead of other regions, growing at 4 percent annually from $60.3 billion in 2007 to $73.3 billion in 2012, the study found. However, the years 2008/9 would carry tough economic conditions, impacting the Nevada and Atlantic City land business and causing declining revenues in those years.
 
Mary Lynn Palenik of PricewaterhouseCoopers said the mortgage crisis and high gas and travel prices will lead to the decline. US players were less likely to travel to land casinos due to pressures on disposal income.
 
The turnaround is predicted for 2010 in Nevada, with revenues expected to reach $14.8 billion in 2012 from $12.8 billion in 2007, an increase of 2.9 percent per year. Atlantic City should be generating $4.74 billion in 2012, down from $4.94 billion in 2007.
 
The study includes a reference to online gambling, including this with new [land] casinos in Europe, the Middle East and Africa as the driving force behind increased revenues in the regions which will grow 4.9 percent a year from $30.3 billion in 2007 to $38.4 billion in 2012.
 
Gambling revenue in Canada is seen rising to $6.2 billion from $4.6 billion, while in Latin America, revenues are expected to climb to $514 million from $297 million.
 
The report said revenue from U.S. tribal casinos would increase to $33 billion in 2012, up 4.5 percent per year from $26.5 billion in 2007.
 
Regional U.S. casinos outside of Nevada and Atlantic City, not including tribal casinos, were seen gaining 5.3 percent a year to $20.6 billion, while global sports betting was seen rising 7 percent per year to $7.6 billion in 2012.



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NBA odds on Thunder vs. Pacers Game? - This Wednesday night in Indianapolis, Paul George is due to play his first game at the Fieldhouse as a member of the Oklahoma City Thunder (12-13 SU, 8-17 ATS). But George might not face the Indiana Pacers (15-11 SU, 16-10 ATS); he’s listed as day-to-day with a right calf contusion. Tip-off is at 7 PM ET on ESPN.

2 New Christmas Slots For Microgaming - Microgaming’s jolly game additions this December. Microgaming adds two more games to kick off the festive season, in addition to its action-packed Highlander online slot.

SportsBetting Supreme Court Showdown - Sports Law, Betting and Integrity leaders convene to preview Supreme Court Showdown. Thought leaders weigh in on Christie vs. NCAA (which in January will shift to Murphy vs. NCAA)

Mega Moolah Progressive Slot Pays Again - On 15 November 2017, the Mega Moolah jackpot was won by a Grand Mondial Casino player. They took home €938,306.35.

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NBA Odds: Heat Can Burn Cavaliers in Cleveland - The Cleveland Cavaliers (12-7 SU, 6-12-1 ATS) may have turned their season around, but they’ve got a challenging matchup this Tuesday against the Miami Heat (9-9 SU, 7-9-2 ATS), tipping off at 7 PM ET on NBA-TV. Miami is 7-4 SU and 6-5 ATS against the Cavs since LeBron James went back to Cleveland in 2014.

Games Concept Day in Malta - The Quickfire Games Concept Day is the second full-day workshop to date, the first being held in Gibraltar in July.

AFC’s fight against match-fixing - The Asian Football Confederation (AFC) has introduced a new AFC integrity mobile application, which will enable fans, players and officials to report possible suspicious activities or provide information concerning match-fixing or corruption to the AFC Integrity Unit.

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