PricewaterhouseCoopers’ Online Gaming Predictions
PricewaterhouseCoopers
Having had their say on Las Vegas’ economic recovery, financial analysts PricewaterhouseCoopers have now turned their attention to the growth of the online gambling industry.
In their report on the gambling industry that was released yesterday, PricewaterhouseCoopers’ analysts stated their beliefs that the global and online casinos around the world have now seen the worst of their financial troubles for the moment and the next few years are all about rebuilding.
When speaking specifically about online casinos, they noted that the regulatory issues, which are occurring around the world, make it slightly harder to see which way the industry is going. While many jurisdictions are considering making certain types of online gambling available to its residents, the operators must be licensed within that country or state in order to be able to obtain a license.
The UK was reported to have the largest legal online gambling market in the world, but the fact that the market is so open in the UK has also caused some problems. Offshore operators are now able to target the UK without paying much tax to the government and as a result the economy is losing out on millions of pounds in taxation.
PricewaterhouseCoopers’ UK Gaming leader, David Trunkfield, said: “The next five years will see an evolution rather than a revolution in the global gaming industry.”
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