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GLOBAL GAMBLING GROWTH PREDICTED
09th February, 2012 at 14:13:56
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% 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 USA 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% 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.
Related News Tags: China, Isle Of Man, Asia
MICROGAMING PLAYING IT FORWARD AGAIN
29th March, 2017 at 15:16:22
Charity tournament benefits numerous charities across the globe.
BLITZ ON THE WAY FOR CHINESE ONLINE GAMBLING
29th March, 2017 at 08:27:22
Government plans to crack down hard on online casinos and foreign land operators targeting Chinese high rollers.
NEVADA GAMBLING REVENUES FOR FEBRUARY RELEASED
28th March, 2017 at 19:47:54
Not the best February - 4.5 percent down year-on-year.
OURGAME LOOKS TO GLOBAL EXPANSION
27th March, 2017 at 13:46:09
Particularly within social casino and eSports sectors.
CHINA'S TIGHTER CONTROLS ON CAPITAL RESULT IN MAJOR DROP IN OUTGOING INVESTMENT
21st March, 2017 at 11:24:11
Foreign companies likely to feel the impact as Q1-2017 sees a significant 74 percent decline in outgoing investment capital.