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Gambling Revenues Still Growing

Tuesday December 6,2011 : TIMES MAY BE TOUGH, BUT GAMBLING REVENUES CONTINUE TO GROW
 
New PricewaterhouseCoopers study predicts that global revenues in the casino and online gaming industry will grow by 9.2 percent a year until 2015
 
Revenues from casinos and online gaming activities rose by 0.6 percent in the UK last year, according to a new study by PricewaterhouseCoopers (PwC). And the business consultancy predicts that global revenues in the casino and online gaming industry will grow by 9.2 percent a year until 2015, rising from $117.6 billion (GBP 75.4 billion) in 2010 to $182.8 billion in 2015.
 
Reporting on the study, The Independent newspaper says that the main growth will be in Asia, with Macau the "jewel in the crown", according to the PwC research.
 
The online gaming industry continued to evolve, making the UK the largest legal online gaming market, the report notes.
 
David Trunkfield, the lead gaming partner at PwC, warned that the [economic] pressures on UK consumers would lead to casino revenues falling in 2011, before showing a slight advance next year. The casino market in Europe, the Middle East and Africa (EMEA) was the hardest hit of all, falling by 12 percent in 2009 and a further 7.2 percent in 2010.
 
"Weak economic conditions and the impact of adverse regulatory developments in some countries will curtail growth," Trunkfield said.
 
He predicted that revenues in the EMEA market would hit $18.3 billion in 2015, up from $16.3 billion in 2010.

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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.

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