New Predictions On World Gambling Market
By Casinomeister, Last updated Jul 4, 2014
Revenues likely to reach $533 billion by 2017
The respected consultancy Global Betting and Gaming Consultants has published its latest assessment of the world gambling market, predicting that revenues are likely to grow from $451 billion in 2013 to $533 billion by 2017, with Asia, which delivered 31.9 percent of the market in 2013, increasing its share of the total pie.
Growth in Asian countries like the Philippines and Vietnam, underpinned by new casino resort projects, will probably boost the Asian market share to 34.4 percent, the company suggests, noting that economic problems continue to plague Europe, which saw its share of the world market drop by two percentage points between 2011 and 2012, to 27.6 percent.
GBGC says that online gambling accounted for 9 percent of the total market last year, and although it has seen strong growth, it will struggle to break through the ten percent level due to strong competition from Asia's fast-growing casinos.
The consultancy forecasts that i-gaming will stall stubbornly at around the 9.4 percent mark of global market share between 2015 and 2017.
World Internet gambling reached $40 billion in 2013 and will rise to around $50 billion by 2017. Within that figure, gambling on mobile devices will contribute almost $12 billion, or 24 percent of the interactive market, by 2017.
Online Casino News Courtesy of Infopowa
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The man with the plan here at Casinomeister. Bryan Bailey has been running Casinomeister since its launch in June of 1998. He has watched the industry grow from its primeval stage to what it is now. The Meister has attended nearly 100 conferences in the past 20 years and has either been a speaker or a panel moderator for at least 60 events. He has always been an advocate of fairness and reason and is known to like German beer, a good Scotch, and astrophotography.
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