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Ernst & Young casino report
A wave of capital flowing into the gaming sector, worldwide, is fuelling massive growth in casino and other gaming properties, according to Ernst & Young’s annual Gaming Bulletin.
It reports that the gaming industry – fuelled by billions in new capital for development, mergers and acquisitions – has undergone a transformation in the last year, creating a truly global industry.
While the US is still the largest individual gaming market with 1,496 casino and gaming properties, the rest of the world has now overtaken North America in terms of casino expansion with 1,822 properties.
Much of the growth in the gaming sector has come in Asia, where Macau saw 23 percent annual growth last year.
The report predicts emerging nations such as Russia and India may see strong future expansion of their gaming sectors in the next few years. Expansion in Russia would certainly be a surprise to an industry badly wounded by recent developments in the country.
