Quick Digest on Latest Global Gaming Results
The Companies and Markets dot com research firm has recently lead a study regarding the international gambling industry, the company saying that the industry will generate a compound annual growth rate (CAGR) in revenues of 9.2% per year. The researcher has also showed that the Asian CAGR took the lead on the international market, reaching 18.3%, followed by Latin America with 8.1%, while the US gaming market is said to grow 5% per year.
The study revealed the top 10 gambling destinations by revenue, as follows: Macau with 33 casinos, Las Vegas with 122, Singapore with 2, followed by France, Atlantic City, Australia, South Korea, Germany, South Africa and the United Kingdom. Furthermore, the researcher estimated a $174 billion gross gaming global revenue by 2018, casinos accounting for 34% of the total gambling market.
Macau is still on top of the list thanks to its well-known casinos which attract both high-rollers and mass-market customers which helped stabilize this region’s volatile gambling industry. The introduction of online gambling in the American states Nevada, Delaware and New Jersey is also expected to bring significant revenue to the gaming and betting landscape, especially since several other states are also considering allowing operators to buy games for online casinos and start online gambling sites. At this point in time, the United States house 900 gambling establishments, with 38 states having gaming and betting parlors.
BY CASINOWEBSCRIPTS PUBLISHED 13 September 2013