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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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Gambling News :
Phil Ivey Loses Borgata Casino -
Phil Ivey has lost in his four-year legal tussle with the Borgata over baccarat winnings; on Friday a US federal judge ruled that he and a companion violated New Jersey state gambling regulations in the manner in which they won nearly $10 million playing at the Atlantic City casino.
NYX Gaming in deal with Endemol -
"Endemol Shine’s IP will be a strong addition to the NYX portfolio of content and we look forward to working together to bring additional instantly recognizable brands to market.”
NEW CAMBODIAN GAMBLING LAWS -
After more than two years of debate and drafting, Cambodia may be closing in on final agreement regarding its proposed gambling law changes.
Playtech Acquires ECM Systems -
Online gambling soiftware provider Playtech plc has announced the acquisition of a ninety percent stake in UK bingo software developer ECM Systems for a consideration of GBP 14.9 million.
Marks and Spencer store Manager steals to Gamblie Online -
The Cambridge News reports that a 28-year-old manager of a Marks and Spencer store, Martin Trenor, has been jailed for three years for stealing GBP 254,538.11 in shop takings over the course of a year and spending it almost immediately at online gambling websites.
Chinese Gambling crackdown could damage high roller revenue -
Fast-moving events this week have seen Australian media reports quoting hundreds of millions of dollars wagered by Chinese high rollers in Aussie land casinos, offset to some extent by Crown claims that this whale gambler" demographic generates only 12 percent of turnover.
EvenBet Open Face Chinese Poker -
Open Face Chinese Poker online games provider EvenBet has reported that its Open Face Chinese Poker product is gaining traction with games recently integrated for desktop action at the Malta-licensed operational site Poker Grant.
2016 EPT Malta -
The European Poker Tour is off to a good start in Malta, with German pro Dietrich Fast claiming a well-earned Euro 174,000 main prize in the Euro 10,000 buy-in Single-Entry Rebuy event.
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