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Global Gambling Expands as World Economy Slows

29 Sep 2004

NEWTON, MA -- (PRESS RELEASE) -- The global gambling market has expanded in spite of the world economic slowdown according to the much anticipated report entitled "Double or Quits?" by Global Betting and Gaming Consultants (GBGC), a UK betting and gaming consulting firm.

"It is the global slowdown which has acted as the primary catalyst for expansion," says Warwick Bartlett, GBGC's Lead Partner. "We are seeing governments deregulate gambling in order to raise what are essentially voluntary taxes, a process we predicted two years ago and one that is now well underway," he continues.

The 3rd Global Gambling Review: Double or Quits? is now available from Casino City Press, the exclusive North American distributor. The Review provides an accurate assessment of the size of each sector and the overall market for both land-based and interactive gambling for the years 2001 through 2003 with market projections for 2004 to 2012.

The Review opens with an overview of the global gambling industry covering the size, turnover, yield, and revenues of the land-based and online betting, gaming, and lottery markets. The 900-page volume provides detailed information on gaming markets around the world and aggregate global data. Over 800 tables and charts are included with effective turnover by jurisdiction and product, cross-reference lists, and much more.

The gaming industry has seen substantial growth worldwide and a surge in market value in recent years. During 2003 the net total lost by the world's gamblers (gross gambling yield) to the industry was $208 billion up 12.2% from $185 billion during 2000, the year focused on by GBGC's 2nd Review, the widely acclaimed "Global Gambling Comes of Age", which tracked the industry during the pioneering days of gambling on the Internet.

Projections in the 3rd Review suggest that continuing rapid development of Indian gaming in the US and the spread of sports betting via the Internet could enable the industry to maintain its impressive growth and see gross gambling yield pass the $250 billion mark by 2008 and $275 billion by 2012.

Casino City Press is showcasing the 3rd Global Gambling Review at the upcoming Global Gaming Expo in Las Vegas on October 5th through 7th. Visit us in booth #5659 or #1623. For more details, visit our website at or call 800-490-1715 x 620.

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