World Gambling Revenue $183bn By 2015December 7, 2011 1:55 pm
In 2010, the global gaming revenue derived from casino and online gaming totalled $117.6 billion. However, that figure is set to dramatically increase over the next few years reaching $182.8 billion in 2015.
The predictions made by the PricewaterhouseCoopers (PwC) report envisions a 9.2% increase in compound annual revenue over the next five years, with the biggest increases being seen in the Asia Pacific region.
Consequently, by 2015 the Asia Pacific region will have experienced an 18.3% growth in compounded annual revenue to $79.3bn, whereas the US at 5% predicted growth will reach $73.3bn. As a result, Asia Pacific will then account for 43.4% of world spending on casino and online gaming, while the US on 40.1% will find itself in second spot. As PwC’s lead gaming partner, David Trunkfield explains:
“Singapore’s dramatic emergence as a casino gaming centre is a prime example of new territories entering the market. Revenues have surged from zero in 2009, to $4bn in 2011 and a predicted $7bn by 2015. The improvement in transport links to key casino gaming markets, such as Macau, and the easing of regulations is also contributing to the increase in revenues.”
By contrast, growth within the EMEA countries (Europe, Middle East and Africa) are expected to be far weaker at an average annual increase of 2.4% and should hit $18.3bn in 2015. Elaborating further, David Trunkfield stated:
“The casino gaming market in EMEA has been the hardest hit of any region by the economic downturn, with revenues slumping by 12 per cent in 2009, followed by a further 7.2 per cent in 2010, the third consecutive annual decline. The weak economic conditions and the impact of adverse regulatory developments in some countries will curtail growth.”
Finally, the Canadian gaming market is expected to increase by a 1.8% compound annual rate from $5.7bn in 2010 to $6.2bn in 2015, while the Latin American market will experience growth of 8.1% annually from $3.8bn in 2010 to $5.6bn in 2015.
The pervasive changes envisioned taking place over the next five years in the casino gaming industry should thus act as a cue for countries to “stake out the right positioning in the new landscape of 2015,” according to PriceWaterhouseCoopers.