Casino Conditions
- Home
- About Us
- Online Casino Reviews
- Wagering Requirements
- Managing Your Bankroll
- Casino Deposit Methods
- Reputable Casino Software
- Online Casinos Blacklist
- Internet Gambling History
- Basic Gambling History
- Industry Conferences
- Betting News

 Gaming Rules
- Baccarat Rules
- Blackjack Rules
- Craps Rules
- Keno Rules
- Poker Rules
- Roulette Rules
- Slots Rules
- Video Poker Rules

 Gaming Tips
- Baccarat Tips
- Blackjack Tips
- Craps Tips
- Keno Tips
- Poker Tips
- Roulette Tips
- Slots Tips
- Video Poker Tips
 
Online Casino Conditions >>> Betting News >>> July News


PWC Gives Forecasts of Gambling Industry Revenues to 2010

Online Casino Conditions Staff
July 7, 2006

Price Waterhouse Coopers is the most widely used and respected accounting firm employed in the gambling industry. The numbers and figures published by this firm are taken with a grain of assault, and are considered authority figures when deeming gambling fairness as verified through payout reports and audited records.  Price Waterhouse Coopers is the primary independent auditor for online casino sites required by regulators to hit minimum payout percentages, as well as confer their conclusions on the fairness of gaming software.

In addition to their strong online presence, Price Waterhouse Coopers holds the same responsibilities in the land-based casino gambling industry as well.  In fact, this is where the accounting firm first established itself as an authority voice in casino regulation and gambling fairness verification.  When it comes to forecasts of gambling industry revenue, which include worldwide predictions and figures, Price Waterhouse Coopers continues to be the most widely turned to source for gambling analysts and investors.

The latest PWC forecast shows a global trend of continued growth in the casino gambling industry. Spanning over the next four years until 2010, the forecast predicts global gambling revenue brought in by casinos to increase from $82.2 billion in 2005 to $125 billion in 2010 (almost a 9% climb). In regards to continental sectors and large gambling jurisdictions, Macau, which is undergoing serious development now that several outside casinos were granted licenses to operate in the country, is predicted to grow the fastest with a 14% increase of $23 billion by 2010.

While Europe is expected to draw a large increase in gambling revenue due to the implementation of the UK Gambling Act and the introduction of at least one super casino (forecasted growth of $13.4 billion in 2005 to $22.4 billion in 2010), the United States is expected to remain the largest generator in casino revenue.  With continued growth in a thriving Las Vegas, the U.S. is predicted to generate $74.5 billion in the year 2010.  As for online casino gambling - even if the U.S. continues to consider it an illegal activity - it is predicted to double in revenue to a massive $11.4 billion in 2010.

Back to Betting News Index

 

© 2005 - Online Casino Conditions.com