On Wednesday a PricewaterhouseCoopers LLP report was released. According to it, an annually compounded rate of world’s gambling revenue has grown at 6.5% per year. It is expected to reach US$155 billion by 2012 if it continues increasing this way. It is expected that gambling revenue increases from almost $114 billion in 2007 due to new casinos and upgrades appearance all over the world.
According to the annual report made by the financial consulting company, the Asia-Pacific region is the fastest growing gambling area in the world with new resorts in Macau, Singapore and Thailand generating increase of 15.2% per annum. The Asia Pacific region revenue could top $37.2 billion by 2012 in relation to $18.3 billion in 2007.
The report showed that the US total gambling revenue would remain ahead of other places, rising at 4% annually from $60.3 billion for the last year to $73.3 billion in the year 2012. But because of hard economic times revenues will decline in 2008 and 2009 in Atlantic City, N.J. and Nevada, in accordance with this report. Mary Lynn Palenik from PricewaterhouseCoopers noted that the mortgage crisis and high travel and gas prices will lead to the decrease.
New casinos and licenses for internet casino gambling and sports betting in Europe, Africa and the Middle East are expected to bring revenues in this region up to 4.9% per year from US$30.3 billion for 2007 to $38.4 billion in the year 2012. Canadian gambling revenue is rising to US$6.2 billion from $4.6 billion. And, gambling revenues in Latin America are expected to rise up to US$514 million from US$297 million.