Global Gambling Revenue at All Time High

PricewaterhouseCoopers LLP have estimated that global gambling revenue will bring in somewhere around $144 billion by the year 2011. They say that the industry is growing at a compounded rate of 7.2% each year, and was $101.6 billion just last year. They expect it to increase each year.

With more and more casinos coming in, and more of those existing ones upgrading, it is no wonder that they are calling for the amount of money that they are. The US alone is expected to grow at 6.7% a year, until it reaches somewhere around $79.6 billion.

With Macau, the Asia-Pacific region is expected to grow 15.7% annually to $30.3 billion annually. It is considered the world’s second largest casino market for now, many think that this will change and they will surpass the US market.

Europe, the Middle East and Africa are also expected to expand, 1.9% a year to $27.8 billion. Canada is expected to grow to $5.9 billion, and Latin America is expected to grow to $495 million. With gambling funds transfer restrictions, many think that online gambling will take a dive down in the US and UK based online operators.

Nevada is expected to increase because of new construction, and Atlantic City is expected to dip in revenue because of localized competition.



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