Today: February 11, 2016, 4:10 pm

Global online gambling market: $173.5 billion industry by 2018
Global Casinos & Online Gambling - a new market research report on 2014-04-29 16:51:01
Since 2008, the center of the global casinos market and online gambling industry has shifted from the United States, specifically Las Vegas and Atlantic City, to China (i.e. Macau), and this trend is expected to continue. Propelling this shift has been the recent casino openings in Macau; as of 2013, there are 33 casinos.

Additionally, casino openings in other parts of Asia are expected in the near term. Singapore, with its two mega-casino developments, already has made a significant splash to the extent of rivaling Las Vegas. However, Chinese government activities, along with those of other Asian countries, limit domestic access to their casinos, and therefore, these casinos heavily rely on international and particularly VIP tourist gaming revenue.

Over the five years to 2013, industry revenue will increase at an estimated average annual rate of 2.4% to $132.9 billion, including expected growth of 3.2% in 2013. This growth will be supported by the continued rise of Asian gaming markets from the depths of the economic recession in 2009. However, established markets in the United States and Europe, particularly Las Vegas, will remain flat, as they have struggled to recover from the economic turmoil.

The performance of the Global Casinos and Online Gambling industry depends on macroeconomic conditions. For example, industry revenue is influenced by changes in consumer spending, consumer confidence and consumer traveling. When the general economy is strong, consumer spending, confidence and traveling all are typically on the rise, thereby increasing demand for brick-and-mortar and online casinos. As the global economy began to slowly improve beginning in 2010, demand for the industry started to rise.

Over the next five years, the opening of new offline and online markets will continue to spur growth as the global economy recovers. The new markets will increase gaming activities as governments seek greater access to money through gaming deregulation. For example, the United States is testing legalizing online gambling in Nevada. Other countries, such as Japan, are considering legalizing gambling. From 2013 to 2018, revenue is expected to grow at an annualized rate of 5.5% to $173.5 billion. Revenue gains will support a greater number of new entrants, resulting in the number of industry operators growing at an average annual rate of 2.1% to 5,008.

Click for report details: ..

Browse all Leisure Market Research Reports ..

Browse all Leisure Company Profile Reports ..

Browse all Latest Market Research Reports ..

About Us is a leading online business information aggregator with over 300,000 market reports and company profiles available to our clients. Our extensive range of reports are sourced from the leading publishers of business information and provide clients with the widest range of information available. In terms of company profiles,’s online database allows clients access to market and corporate information to over 100,000 different companies. We provide clients with a fully indexed database of information where clients can find specific market reports on their niche industry sectors of interest.

Press Information

Published by
Mike King
London: +44 (0) 203 086 8600

# 557 Words
Related Articles
More From Finance
Arizona Real Estate Stats 2015
COMMENTARY by Tom Ruff of The Information Market Permission is granted only to ARMLS® Subscribers for reproduction with attribution [..] Announces New Trader Counsel Services
LONDON - Jan. 25, 2016 - British financial news source has announced that it will now be offering the [..] Offers Free Advice For Getting Completely [..]
Everyone has some degree of debt to deal with. Some folks have a lot of it, and they need to [..]
Offshore Processing slashes credit card processing costs [..]
High risk and high volume merchants engaged in unconventional trades, such as Adult Content, Adult Goods, Online Casinos, Online [..]
Real-Estate-Yogi Offers Free Advice to Returning Veterans [..]
Veterans of the United States are returning from active duty and need places to live. It is up to lenders [..]

Disclaimer: If you have any questions regarding information in this press release please contact the company added in the press release. Please do not contact pr-inside. We will not be able to assist you. PR-inside disclaims the content included in this release.