NEW PREDICTIONS ON WORLD GAMBLING MARKET
03rd July, 2014 at 03:21:05
Revenues likely to reach $533 billion by 2017.
The respected consultancy Global Betting and Gaming Consultants has published its latest assessment of the world gambling market, predicting that revenues are likely to grow from $451 billion in 2013 to $533 billion by 2017, with Asia, which delivered 31.9% of the market in 2013, increasing its share of the total pie.
Growth in Asian countries like the Philippines and Vietnam, underpinned by new casino resort projects, will probably boost the Asian market share to 34.4 percent, the company suggests, noting that economic problems continue to plague Europe, which saw its share of the world market drop by two percentage points between 2011 and 2012, to 27.6 percent.
GBGC says that online gambling accounted for 9% of the total market last year, and although it has seen strong growth, it will struggle to break through the ten% level due to strong competition from Asia's fast-growing casinos.
The consultancy forecasts that i-gaming will stall stubbornly at around the 9.4% mark of global market share between 2015 and 2017.
World Internet gambling reached $40 billion in 2013 and will rise to around $50 billion by 2017. Within that figure, gambling on mobile devices will contribute almost $12 billion, or 24% of the interactive market, by 2017.
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