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.