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GLOBAL GAMBLING GROWTH PREDICTED
02/09/2012 : GLOBAL GAMBLING GROWTH PREDICTED
Isle of Man consultancy releases new figures
Overall world gambling revenues climbed to a record $419 billion last year, led by growth in Asia, according to the Isle of Man-based Global Betting & Gaming Consultants, which released its latest study this week.
Revenue rose 5.6 percent from $397 billion in 2010 and is forecast to reach $448 billion this year, with the strongest growth recorded in Macau, Singapore and Cambodia, as emerging markets proved more resilient to the global economic crisis than developed countries.
“A strong recovery in the U.S. would help gaming revenues that have been hit hard in recent years,” GBGC exec Lorian Pilling said. “North America will continue to recover. We’re fairly cautious on Europe; growth is seen at 3.5 percent across all gambling categories because of the uncertainty in the euro zone.”
Global gambling revenue will reach $500 billion by 2014 as several casinos in Asia are due to open in the coming years and Singapore’s integrated resorts are still only in their second full year of operations, Pilling said.
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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