London – When the gambling industry gathers at Excel London in February 2016 for ICE Totally Gaming it will be to discuss issues and view new products in a gambling sector worth more than USD 460 billion in global revenues (gross gaming yield).
Forecasts by Global Betting and Gaming Consultants for its market-leading Global Gambling Report suggest the global gambling sector will be worth USD 464 billion in 2016.
Global Betting and Gaming Consultants’ Research Director Lorien Pilling commented:
“Globally, overall gambling gross win actually fell in 2015. But this was due almost entirely to the sector’s performance in China. Macau’s casinos had their worst year-on-year fall in revenues and China’s state lotteries also saw a decline.”
“Leaving China aside, other regions performed quite well and showed a growth in gross win. But their growth was not enough to offset Macau’s falls.”
The start of 2016 has again seen China’s economy as the cause of concern, which has spread to stock market jitters around the world. But there is cause for optimism as the gambling sector gathers at ICE Totally Gaming in London.
Sports betting has the expanded Euro 2016 tournament to look forward to in the summer, whilst there is the prospect of wide-ranging regulation in Brazil, on-going sports betting development in parts of Africa, the possible completion of e-gaming regulatory processes in Holland, Germany and Portugal, a new GGY-based e-gaming tax regime in Italy, and the issuing of a casino licence in Cyprus.