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LIGHT AT THE END OF THE TUNNEL FOR VEGAS
Posted on 12/24/10 : Independent business services group says recovery could begin late next year, but digital entertainment competition is fierce
The independent professional business services group PricewaterhouseCoopers has issued a report on the land gambling Mecca of Nevada, predicting that the parlous business situation of the state's gambling industry should begin to improve late 2011, eventually returning to pre-recession levels by 2014.
But, the organisation cautions, the competition from the digital entertainment world is a major competitive threat that will have to be addressed: "In markets across the world, the proliferation of digital challenges and services is driving an explosion in the entertainment choices available to consumers, ranging from 3D movies to mobile TV to massively multi-player online games," the report notes.
"The single biggest challenge facing the industry will be staying close to its consumers - at all levels of spending - and ensuring the experience remains sufficiently compelling to override other potential choices."
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Gambling News :
Interwetten 2016 Earnings Results -
Privately-owned online sports betting operator Interwetten delivered robust full year results for the 2016 fiscal period, in which the company has almost achieved doubling its revenues over the past four years, success it attributes to its in-house developed platform
EU Online Gambling Tax Harmoney Dead -
Tax expert says European Court of Justice Attorney General's opinion on UK-Gibraltar litigation signals that EU courts are happy for individual member states to impose their own laws on online gambling.
Jack Lam Facing Big Fines in the Philippines -
It's going to be costly for Macau online gambling and junket tycoon Jack Lam to return to the Philippines following his rather hurried departure last year with allegations of economic sabotage, bribery and tax evasion swirling around him.
PlaySugarHouse To Carry Konami Content -
Content provider Konami will provide its Gypsy Fire and Fortune Stacks slot games to Rush Street Interactive-operated PlaySugarHouse.com on an exclusive basis in the New Jersey real-money online and mobile wagering market.
ITF TERMINATES BETWAY SPONSORSHIP DEAL -
The International Tennis Federation (ITF) has reportedly terminated Betway’s three-year sponsorship partnership as an extension to their anti-match fixing and sports integrity policy.
GSA To Launch European division -
The expansion enables the GSA to better focus on the regional needs of its members outside of North America and underscores its recognition and commitment to growing European membership.
Paddy Power Trading Update -
Company prevails despite adverse sports and US election results; Trump success cost the group GBP 5 million, whilst punter successes took another GBP 40 million in Q4-2016.
Tabcorp SunBets project -
The details were revealed this week in an IT News article quoting Tabcorp's chief information officer, Kim Wenn, who described the SunBets project as Tabcorp's biggest global venture yet.
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