Casinos.co.uk: Casino News Archive
Tuesday 9th October 2007
North American Gambling is Growing
A report released this week shows that gaming revenue for North America for last year grew by over eight percent to $92.68 billion.
The North American Gaming Almanac released by online casino guide and directory CasinoCity.com shows that casino and card room gaming accounted for 48 percent of total North American gaming revenues with lotteries accounting for 24 percent followed by tribal gaming at almost 22 percent.
'The North American Gaming Almanac is now a must-have for anyone seeking to understand the state of the gaming industry today,' said Michael Corfman, President and Chief Executive Officer for Casino City Press.
'Users include financial analysts at investment banks, casino operators, gaming analysts at casinos, market research consultants, major industry suppliers, regulators and libraries and universities. The Almanac helps them develop benchmarks, analyse competitors, monitor industry trends and gather market data to support their business plan.'
The Almanac reports that the largest inflation-adjusted growth, an increase of 7.31 percent, was seen in tribal gaming while revenues from lotteries grew by 4.91 percent with casino and card room gaming rising by 5.56 percent.
In addition, it reports that the North American gambling market, which includes both the US and Canadian gaming industries, saw both charitable gaming and race/sports wagering decline last year.
Source:OnlineCasinoNews
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