World gambling reaches us$ 400 billion
The biggest share of that, 28.4 percent, went to lotteries. But casinos are close behind at 27.7 percent thanks to growth in gambling centres such as Macau and Singapore, and GBGC expects them to overtake lotteries in 2012. The figures exclude U.S. tribal gaming.
Internet gaming revenues grew less than might be expected, from 8 percent of the total to 8.4 percent.
GBGC expects the us$ 500 billion figure to be reached by 2014. But, cautioned director Lorien Pilling, “the global economic situation will be a major influence. If China’s economy does have a crash landing it is difficult to see Macau’s gaming growth rates being maintained. A strong economic recovery in the U.S. would help gaming revenues that have been hit hard in recent years. In Europe, the gambling industry needs the eurozone crisis to be resolved because the uncertainty is really hurting the gambling sector in the likes of Greece and Spain.”
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