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EUROPEANNEWS8 FEATURE20 MACAUREPORT22
Vegas recovery
(€8.25bn) in 2007, an increase of 2.9 per cent per year. Gambling revenue is expected to rise to nearly $114bn
Atlantic City may have to wait a little longer with predic- (€73.45bn) in 2007 because of new casinos and upgrades to
tions that it will generate $4.74bn (€3.06bn) in 2012, down existing ones around the world with the Asia Pacific region
in two years
from $4.94bn (€3.18bn) in 2007. being the world’s fastest growing gambling region.
Gross Gambling Revenue in the United States will stay New projects in Macau, Singapore and Thailand will help
well ahead of other regions, increasing at four per cent generate increases of 15.2 per cent annually. Revenue from
creditdue annually from $60.3bn (€38.85bn) in 2007 to $73.3bn the Asia Pacific region will hit $37.2bn (€24.4bn) in 2012 com-
THE WORLD (€47.23) in 2012, the report said. pared with $18.3bn (€11.79bn) in 2007.
Mary Lynn Palenik of PricewaterhouseCoopers said the New casinos as well as licences for online gambling and
BY PHIL MARTIN mortgage crisis and high gas and travel prices will lead to sports betting in the region encompassing Europe, the Middle
Nevada and Atlantic City will have to ride the storm of the declines in 2008 and 2009. “It translates into fewer US trav- East and Africa are expected to drive revenues in the region
credit crunch, rising fuel prices and the tough economy for two ellers,” Palenik said, explaining that the input from interna- up 4.9 per cent a year from $30.3bn (€19.52bn) in 2007 to
to three years before revenues begin to revive themselves. tional travellers wouldn’t pick up the decline in domestic travel. $38.4bn (€24.74bn) in 2012. Gambling revenue in Canada is
According to a PricewaterhouseCoopers report the Overall, global gambling revenue is estimated to surpass seen to be rising to $6.2bn (€4bn) from $4.6bn (€2.96bn), while
turnaround for Nevada will begin in 2010 with revenues $155bn (€99.88bn) in 2012 after increasing at an annual rate in Latin America revenues are expected to climb to $514m
expected to reach $14.8bn(€9.54bn) in 2012 from $12.8bn of 6.5 per cent per year. (€331m) from $297m (€191m).
Plans falter for Russian
gambling zones
A new report shows that little or no progress has been made in
establishing the four areas where gambling may legally take place
in Russia from July 2009, either in terms of viable business plans or
even infrastructure. Hugh Sorrill reports.
fallingshort might benefit from the Winter authorities that the world’s
RUSSIA Olympics due to take place in largest gaming companies
the Black Sea city of Sochi in were “elbowing one another”
When the remaining casinos 2014 but there are at least in order to be able to invest in
and slot halls in Russia close in 500km between the two and a the region, none has yet admit-
one year’s time, there will be range of mountains. It is almost ted to it.
no proper provision for legal 100km away from its nearest “By 2009 a new federal
gaming at all in the country. large town, Rostov on Don. highway of 100km would have
That is the view of some of “At the moment there is to be constructed to take gam-
Russia’s leading industry nothing but an empty field and blers from Biisk airport to the
figures as well as analysts. Scep- a coastline,” said the Unicum new gaming zone. For the time
ticism about the law pushing Gaming report. “No investor being there are no power lines
Russky Island off Vladivistok where the Primorye gaming zone is scheduled to be located
gambling into four outlying has begun construction of any- or gas lines or utilities,” the country. It is too expensive to already actively developing.” not hurrying to move and
regions has been rife since its thing. According to the CEO of report said. fly to Altai and Kaliningrad is The Unicum Gaming report foreign investors are tending to
publication. Now a new report the Investment Development Analysts believe of all the on the border with countries concludes: “For the time being, wait and see what happens
by the leading manufacturer Agency, Igor Burakov, its param- zones, Altai has the least chance where the gaming business is Russian casino operators are rather than participate.”
and supplier Unicum Gaming eters, investors and developers of success given its location
shows that progress in all four have not been identified yet.” away from almost every poten-
zones has stalled with prom- Proposals for Yantarny Bereg tial market on virgin territory a
ised funding of $4bn (€2.56bn) (Amber Shore) in Kaliningrad sparsely populated area.
from Federal government to have been put forward by Primorye is generally con-
improve the infrastructure so IdeAttack American corpora- sidered to have the best chance
far failing to materialise. Local tion, which calls for $20bn given its proximity to China,
authorities and investors are (€12.89bn) of investment. from where there are already a
expected to find a further Regional government repre- lot of visitors, and the fact that
$26bn (€16.75bn) to complete sentatives say that interest has the APEC meeting will take
the projects. been shown by Russian com- place in Vladivostok in 2012,
“In spite of the fact that all panies as well as by firms from which will help to improve the
casinos must be relocated in the US, South Africa and infrastructure. Local represen-
one year, not one of the four Europe. Applications will not tatives believe there is poten-
zones is constructed, not to be accepted until a project is tial market of 30m Chinese who
mention the lack of any infra- confirmed however. Competi- spend $21bn (€13.53bn) going
structure,” said the report. tion is the principal issue for abroad every year, with other
The four zones are Azov City Yantarny Bereg, with strong important possibilities coming
in the Rostov region in south- and developing casino provi- from Japan and South Korea.
ern Russia, Yantarny Bereg in sion in Poland, Lithuania and However, a Storm Interna-
the Russian Baltic enclave of Belarus. tional spokesman said: “The
Kaliningrad, Sibirskaya Moneta The Sibirskaya Moneta - Primorsky region will not be
in the Altai region border Kaza- Siberian Coin - project in Altai that popular with Chinese gam-
khstan and Primorye on Russky has seen draft architectural blers since the Chinese govern-
Island near Vladivostok. plans for what might be built. ment is taking steps to prevent
On the face of it, Azov City Despite protestations by local money leakage from the
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