NEW R&M STUDY ON LATIN AMERICAN POTENTIAL

3 September 2010

Research group reports that this market could generate billions a year

The energetic independent research group Research and Marketing has released the highlights of its latest study, which suggests that Latin America offers massive potential for online gambling operators.

R&M's statistics predict that the region could deliver gambling revenues in excess of $10 billion a year, with average gambler spend per annum around $250.

Costa Rica, a base for many online gambling operators, showed up well in the study with revenues of $14.5 billion, whilst the big industrial capacity and consequent availability of more discretionary income in Brazil helped it generate $4.1 on lottery gambling, part of general gambling revenues of some $7 billion.

In Argentina, the overall gambling industry delivers annual revenues of $4.5 billion a year, whilst Colombia's revenues are estimated at $2 billion, Panama $1.17 billion, Venezuela a billion and Chile $600 million.

The study found that the vibrant tourism of the region boasts a predicted growth rate of 5 percent per annum and is strongly linked with gambling activity, and the marked gambling culture throughout the region makes for solid internet gambling potential.

"Despite the recent global crisis, Latin American countries are on a fast track to full economic recovery and it is projected that the region will benefit from a four percent growth rate in 2010," the report notes.

"The region's recovery is the world's second strongest after Asia, according to the World Bank."

The report observes that the region generally encourages overseas foreign investment, with many countries offering incentive benefits, and investors being treated with respect and without discriminatory laws.

Online Casino News Courtesy of Infopowa

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