Asian Casino Gambling Market To Hit $79bn
The very latest report on the online casino gaming market, as published by PricewaterhouseCoopers, prophecies a worldwide growth of annual revenue by approximately 9.2% over the next four to five years. This represents an industry-wide figure of mind-blowing proportions, currently penned at $182.8bn (up from $117.6bn). The company predicts that the majority of this extraordinary expansion is going to be observed in the Asian continent, and is expected to see a massive 18.3% increase by 2015.
If this prediction is correct, the online Asian casino games market would actually take over the USA as largest gambling market on the planet. The American market, on the other hand, is expected to rise by around 4% and taking into account inflation this results in a very meager improvement.
According to the report, the flourishing Chinese middle class along with a variety of brand new fresh opportunities to be involved in gambling are responsible for this rapid growth.
“Singapore’s extraordinary breakthrough as a casino gaming hub is really a perfect illustration of new territories stepping into the marketplace. Gross income has increased from absolutely nothing in 2009, to a whopping $4bn this year. This is predicted to rise all the way to $7bn by 2015. The development of transportation links to important casino gambling marketplaces, for example Macau, as well as the reducing of restrictions can also be seem as a key factor in this increase of revenues.” revealed PwC’s lead gambling associate, David Trunkfield.
“The gambling industry in EMEA continues to be the hardest hit of just about any region because of the economic depression, together with slumping profits down by twelve per cent in 2009, accompanied by an additional 7.2% tumble in 2010. This would make 2011 the third sequential yearly decline,” Trunkfield explained.
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