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Global Online Gambling Revenues Up

Worldwide internet gambling revenues rose to $419 billion last year, and is expected to continue to grow, a report by Global Betting & Gaming Consultants claims.

The record revenues of internet gambling were attributed to growth in Asia, namely the markets of Singapore, Cambodia, and Macau. Revenues were up from $397 billion in 2010 and are expected to hit $448 billion this year.

Commenting on his company's report, GBGC Executive Lorian Pilling said “A strong recovery in the U.S. would help gaming revenues that have been hit hard in recent years. North America will continue to recover. We’re fairly cautious on Europe; growth is seen at 3.5% across all gambling categories because of the uncertainty in the euro zone.”

Pilling continued by saying "Global gambling revenue will reach $500 billion by 2014 as several casinos in Asia are due to open in the coming years and Singapore’s integrated resorts are still only in their second full year of operations."

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