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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.
Danske Spil Bingo Moves to Microgaming -
The national lottery of Denmark, Danske Spil, is live on the Microgaming Bingo Network. Danske Spil, the Danish national lottery, is live on the Microgaming Bingo Network following a change to its licence conditions.
Quickfire live on Strendus -
Quickfire powered by Microgaming is extending its reach in the LatAm region with the signing of Strendus. Strendus is the online division of Logrand Entertainment Group. The group comprises several companies that operate gaming and entertainment establishments in Mexico, running 14 land-based casinos in total.
Quickfire content live on BetatHome -
Online gaming and sports betting company bet-at-home was founded in 1999. Today the company has 4.8 million registered customers around the world, offering sports betting, casino, live casino, Vegas games, poker and virtual sports.
Microgaming has donated £30,000 between four charities -
Gift of Giving provides Microgamingís customers the opportunity to vote for one of several charities in their region. In lieu of Christmas gifts, £30,000 is split equally between four global regions: Isle of Man, UK and Europe, Africa, and Rest of the World.
Entertainment Betting Odds: 90th Academy Awards -
The Shape of Water leads Sundayís 90th Academy Awards (8 PM ET, ABC) with 13 Oscar nominations, but when it comes to Best Picture, this highly-acclaimed film is a +140 second-favorite behind Three Billboards Outside Ebbing, Missouri at Ė115.
Fair Play Bets and QuickFire in Deal -
Fair Play Bets enjoys an unrivalled reputation for an outstanding player experience, with secure deposits and withdrawals, surprising casino bonuses and committed customer support. Fair Play Bets is licensed in UK, Malta and Curacao.
Cavaliers Aim to Take Down Wizards on 2/22/18 -
The Cleveland Cavaliers have looked like a different team since making their moves at the trade deadline. The Washington Wizards are up next for the Cavaliers, who will be at home after the All-Star break.
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