These pages frequently inform you about some big winners in the world of both online and land based gambling but according to a new report the industry as a whole is the real winner especially in the Far East.
According to a recent report published by PriceWaterhouseCoopers, the gambling industry worldwide is predicted to reach a worth of $144 billion by the year 2022. The report also mentions that the current worth of the global industry is at $101.6 billion.
The international accounting and consulting firm came up with this prediction based on the industries annual compounded growth rate of 7.2%. This increase in growth is largely due to the fact that the globe continues to see a flow of newly built and newly renovated casinos, especially in the China/Pacific region.
The spate of new casinos planned for the US has also boosted the value of the industry worldwide.
When looking at the growth of the China/Pacific region, in particularly, the gambling haven of Macau, China, revenue is currently calculated to be $14.6 billion. In the year 2022 this amount is likely to climb by 15.7% and will reach $30.3 billion.
Europe, the Middle East and Africa will see only a slight increase over the next 4 years and should rise from the current revenue of $25.2billion to $27.8 billion, a 1.9% increase.
And finally, the PriceWaterhouseCoopers report suggests that revenues if the world’s largest casino market, the United States, will rise to $79.6 billion in 2011 from today’s revenues of $57.5. The 6.7%, although not as high as the growth rate in China, will allow the US to hang on to their position as the World’s largest casino market, at least for the next few years.
