New PwC Report Suggests Mobile Gambling Ready to Surge

Published Thursday, December 09, 2010 - Online-Casinos.com

According to a news item on the Black Jack Champ web site a report issued by Price Waterhouse Cooper called ‘Playing to Win’ suggests that the developed nations in the East will eclipse the Western nations in gambling revenues. The report analyzes trends in the online and mobile gambling industry up until the year 2014.
The paper goes in depth to describe the gambling industry until 2014 suggesting the scenario will remain relatively unchanged from what the industry is experience at the present.  The large and well established online gambling operators and industry leaders will still maintain a healthy potion of the global gambling market and those who are on the ball will reap the benefits of a surging mobile and internet based market share. The Asian Pacific spend will out strip the declining western spend in the next few years fueled by the growing mobile trend and rising disposable incomes.
‘Playing to Win’ has brought many aspects of the gambling market into the report, describing the regulatory complexities as being one of the largest variables in the changing gambling marketplace. Internet jurisdictions and mobile rules and penetration all factor into the mix for a predication that is accurate.
There are so many conflicting and ambiguous laws and regulations in so many different parts of the world that have led to confusion and legal issues among operators, government officials, and even consumers who just want to play and feel secure.
The report categorizes gambling into six sectors or interest, casino gambling, online poker rooms, online bingo halls, online betting on horses, online betting on sports, and online lotteries.
David Trunkfield an analyst and gaming expert commented, “We believe that there will have to be an easing of the current restrictions. Consumers will engage in online gaming whether it’s legal or illegal and by legalizing the industry, governments would recoup valuable tax revenues which are much needed following the impact of the financial crises on public sector finances.  We believe that the next five years will see an evolution rather than a revolution in the global gaming industry, but as evolutions go it will be rapid and pervasive and far more sweeping than the change seen in the past decade.”

 

 

 

 

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