Tag Archives: Financial forecast
US – Casino management systems to hit US$11,726.7m by 2025
The global casino management system market size is expected to reach US$11,726.7m by 2025, according to a new study by Grand View Research, progressing at a CAGR (compound annual growth rate) of 14.8 per cent during the forecast period. Growing demand for these establishments and increasing social acceptance are expected to emerge as crucial factors…
The world – Global online market to reach US$ 128.2bn by 2026
The global online gambling and betting market is expected to reach a value of US$ 128.2bn by 2026, expanding at a CAGR of 11.8 per cent from 2018 to 2026 with Europe holding the leading share of the online gambling and betting market in 2017. The figures come as part of a new market research…
Brazil – Brazilian gaming industry could generate R$66bn a Year
The President of the Brazilian Institute of Gaming Magno José de Sousa Santos, has said that a regulated gaming industry in Brazil could generate as much as R$66bn and raise about R$30bn in taxes per year. Speaking during the first edition of the Gramado Forum of Tourism Studies, Magnho said that it is the first time …
China – Fitch pitches Macau growth to be at 13 per cent in 2018
Fitch Ratings believes Macau’s gaming revenue growth will come in at a solid 13 per cent this year, down from 19 per cent in 2017, driven by 16 per cent growth in the mass market segment and 10 per cent in VIP. Fitch said that the market is about equally weighted to each of these…
China – Macau to remain relatively unaffected by birth of Japan’s casinos
Japan’s future casino industry, which should be worth between US$3bn and US$9bn a year in gross gaming revenue, won’t impact Macau but more likely integrated resorts in Russia and Korea. Analytical group Fitch has made the predictions of up to US$9bn annually depending on the number of casinos allowed. Fitch said: “We expect cannibalisation to…
US – Scientific says higher revenues will narrow Q4 loss
Scientific Games expects that higher fourth quarter revenue will allow it to narrow its loss. The company said it expected a net loss of between $40m and $50m in the fourth quarter, with costs of $28m spent on restructuring primarily relating to the purchase of NYX Gaming. This compares to net loss of $111m in…
Macau – Why the ‘yabadabadoo years’ are over for Macau
The ‘yabadabadoo years’ are over for Macau’s casino industry according to business risk consultant Steve Vickers who believes that China’s anti-graft drive is set to have a continuing negative effect on the industry’s VIP revenue. He is not alone in predicting a slowing of growth in the second half of 2018. Mr Vickers said: “Macau…
South-East Asia – Mass market to drive Macau, Singapore and Malaysia
Fitch ratings believes that Chinese tourism will continue to drive the mass market in South East Asia with high single digit growth predicted for Macau in 2018. Alex Bumazhny, Senior Director at Fitch said: “Fitch believes Chinese tourism expenditure is a key driver of gaming performance in Southeast Asia. Chinese visitors were the largest segment…
China – Morgan Stanley tips Macau’s GGR to double by 2022
Analyst Morgan Stanley Believes that GGR in Macau could double for many operators by 2022, reaching US$53bn if the renewal of gaming concessionaires goes smoothly. Called ‘Macau 2022 – Power of Compounding,’ the report is based on a growth of six per cent in visitation and five per cent in spend per head. Morgan Stanley…
