The low down on the Gambling Biz of High Rise

Like it or not, gambling – whether online, offline or out of line – not going away. At least not before 2011, when a recent PricewaterhouseCoopers LLP report proves to be correct.

Gambling 101 (billion U.S. dollars, that is)

Climb after the widely anticipated PricewaterhouseCoopers report released just last Thursday, the world’s gambling revenue of $ 101.6 billion is expected in 2006 to $ 144 billion in 2011. This figure is based on a compounding rate of 7.2% per annum and is driven primarily by new launches and expansion of existing casino-regions in the world.

U.S. gambling revenues are expected to rise to 6.7% per year, from $ 57500000000-79600000000 $. The Asia-Pacific region, quickly became the world’s second-largest casino market can be expected, 15.7% growth from $ 14600000000-30300000000 $.

UK hard by UIGEA

Online gaming operators in the UK are already experiencing growing pains and bracing for more as the U.S. Department of Justice to continue, against the financial institutions to facilitate payments to and from online casinos. The guidelines spell exactly how the Unlawful Internet Gambling Enforcement Act (UIGEA) will be enforced to be made public next month.

Lawful and Internet-based casino gambling revenue in the region, including Europe, Middle East & Africa is expected to grow by 1.9% per year $ 27.8 billion from $ 25.2 billion. The report states that restrictions on sports betting, plus new licenses has adverse effects on European sports betting overall.

In the U.S., Nevada gaming revenues are planned to grow by 7.5% per year to $ 18.2 billion. New Jersey Atlantic City – expected revenues by 0.1% per year decline of 5.2 billion dollars – on the other side. While Nevada is expected to grow, that will develop as a result of the new casinos in Las Vegas, the report predicts New Jersey gambling sector will be adversely affected by the availability of slot machines in nearby Pennsylvania.

Native Land Casinos

Are expected by 2011 Native American Indian casinos that generate some $ 36.5 billion, up 7.6% per year from $ 25.3 billion 2006th Regional U.S. casinos of Atlantic City and Nevada – including tribal and non-casino venues – are projected to increase to 6.6% per year to $ 19.5 billion, while sports betting is an annual growth rate of 5.8 seen% to $ 255 million.

Canadian gaming revenues are planned to increase by $ 4 billion to $ 5.9 billion and Latin America, revenue is expected to increase to $ 495 million from $ 278 million.

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