Play to Win – PwC projections on casino markets

Play to Win Singapore

Singapore's juggernaut - the Marina Bay Sands

The bean counters over at PwC have just released their projections for the value of various casino markets around the world in a report entitled Play to Win.

One of the key contentions contained in the report is that casino handle in the Asia Pacific region will grow enormously in coming years.  Not exactly going out on a limb given what we have seen this past year but the numbers that they project are interesting.

We know that the past 12 months has seen US casinos, Vegas in particular, struggle while Asia-Pac largely on the back of Macau and Singapore has experienced 50% annual growth.  According to PwC this trend is going to continue.

Asia-Pac revenues are expected to nearly triple to US$62.9 billion in 2014, from US$21.8 billion last year.  The big drivers will remain Singapore (US$2.8 billion this year, $5.5 billion next year , US$8.3 billion in 2014) and Macau (up to a staggering US$45 billion in 2014).

A bit bullish?  Not according to analysts CLSA who think Singapore will be worth $US6.5 next year and overtake the Vegas Strip in 2012 with revenues of $US8.1 billion.

By contrast, the US gaming market is expected to grow from a current US$57 billion to $US63 billion in 2014 – barely in line with inflation.

Of course these numbers are essentially guesstimates with a  Big4 logo attached to them. Hardly gospel.  But if they’re at all prophetic then they tell the story of the continuing seismic shift in world casino markets.

0 replies

Leave a Reply

Want to join the discussion?
Feel free to contribute!

Leave a Reply

Your email address will not be published.

Sorry....we have to ask *