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Global Gaming and Betting Industry - Focus on Online gaming, Bingo, Lottery and Casino sector
AM Mind Power Solutions, March 2010, Pages: 41
The report covers global gaming and lottery industry with detailed discuession of market and opportunities in United States (Canada), European Union (United kingdom, Germany, Great Britain and Spain), Italy and Asia (China, India, Singapore, HongKong).
Products Mentioned:
- Gambling
- lottery
- betting
- casino
- bingo
- online gaming
The global betting and gaming sector has great prospects to grow with changing government policies which removes certain restrictions from the market and allows players to participate under legal terms. The present report discusses global gaming, lottery and betting market and gives an insight of online gambling sector by product group and by geography. Also discusses gaming machine market and online lottery market. In United States gambling sector is very vast with growing income level (which has reduced temporary) and rising spending capacity. Discussion of Canadian gambling sector is also a part of the report which helps to analyse future opportunities.
With the introduction of the National Lottery in 1994, gambling became socially acceptable in the UK. Also in 2007, Gambling Act was passed which has stimulated further demand. The global gaming market has been driven by the liberalization of gaming in the EU and Australia and legalization of gaming in Asia. Also privatizations supported the market.
In United States, Casino accounts for a strong percentage in the market, of which ~% of casino revenue derives from slot machines. In 2008, despite the negative economic conditions (the Italian GDP declined 0.5% in 2008), the Italian gambling market did not show any decline; it instead increased ~% YoY, with total wagers collection of US$~bn.
The gaming market is expected to grow at a CAGR of ~% year on year basis from 2007 – 2012. . It is also expected bingo & casino would show the maximum growth. Online gaming sector market will grow with rising internet users worldwide.
Asia is offering many opportunities and strong potential for the gambling market. Macao is the leading gambling jurisdiction in Asia, representing more than 50% of this regional market. This market is expected to continue growing, led by increasing global recognition and the construction of new casinos. Singapore, counts among the highest gross gaming revenue/GDP with market of worth US$~ billion. HongKong’s lottery market is developed than China, genrated US$~ billion of revenues during July 2008 to June 2009 compared to US$~ billion in China.
Sports betting has a great influence over the betting and gambling industry in Spain, which represents US$~ million of market, which would imply a average expenditure per inhabitant. The gambling sector in Great Britain offers substaintial opportunities with a turnover of over US$~billion in 2006/07.
The report covers global gaming and lottery industry with detailed discuession of market and opportunities in United States (Canada), European Union (United kingdom, Germany, Great Britain and Spain), Italy and Asia (China, India, Singapore, HongKong).
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