A report by professional services firm Pricewaterhouse Coopers forecasts that global gaming revenues will surpass US$155 billion by 2012 after peaking almost US$114 billion in 2007 based on an annual growth compound rate of 6.5 percent.
The same PwC report also declared that the overall growth of global gaming will be spurred by the Asia Pacific region which has seen a spectacular 15.2 percent annual growth thanks largely to casino and gaming projects in Macau, Singapore and Thailand. It is forecasted that gaming revenues for the region will hit US$37.2 billion in 2012 comparing that figure with last year’s US$18.3 billion.
On the other hand, the US gambling market is expected to grow at four percent annually from US$60.3 billion in 2007 to about US$73.3 in 2012. PwC expects revenues to drop this year and in 2009 as travelers will lessen their trips to Las Vegas and Atlantic City due to rising fuel prices.
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