February 20, 2012 at 11:03 AM EST
Global Gambling Revenues Pass $400 billion
(PRBuzz.com) February 20, 2012 -- Global gambling revenues passed US$ 400 billion, according to the latest research undertaken by Global Betting and Gaming Consultants for its Global Gambling Report - Betting on Regulation.
GBGC Global Gambling Revenues
In 2011 the world's lotteries had the highest share of gambling revenues, accounting for 28.4% of the total. But the growth of casinos in jurisdictions likes Macau and Singapore means that commercial casinos (excluding US tribal gaming) are closing in on the lotteries with a share of 27.7%. GBGC forecasts that commercial casinos will overtake lotteries as the leading gambling activity in 2012.
GBGC Global Gambling Revenues By Category 2011
Interactive gambling accounted for 8.4% of global gambling revenues in 2011, up from 8.0% in 2010. This figure would suggest there is still scope for further growth in Interactive sector, especially if the US does adopt some kind of federal or state regulation for Internet gambling in the coming years.
Commenting on the figures, GBGC's Director Lorien Pilling said, "GBGC is forecasting that global gambling revenues will reach US$ 500 billion by 2014. There are numerous new casinos under development in Asia that are due to open in the next few years, whilst Singapore's integrated resorts are still only in their second full year of operations."
"Of course, the global economic situation will be a major influence on gambling markets. If China's economy does have a "crash landing" it is difficult to see Macau's gaming growth rates being maintained. A strong economic recovery in the US would help gaming revenues that have been hit hard in recent years. In Europe, the gambling industry really needs the Eurozone crisis to be resolved because the uncertainty is really hurting the gambling sector in the likes of Greece and Spain."
GBGC's Global Gambling Report - Betting on Regulation is available to purchase now. It includes reports for 250+ individual gambling jurisdictions, covering: regulation, news, and data for all gambling activities.
Contacts -warwick bartlett email@example.com
Stock Market XML and JSON Data API provided by FinancialContent Services, Inc.
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Press Release Service provided by PRConnect.
Stock quotes supplied by Six Financial
Postage Rates Bots go here