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American Gaming Association Survey Shows Asian Casino Gaming to Surpass U.S. Casino Gaming by 2012

According to the survey that was released on June 1st, 2008, the growing gaming resorts in Macau and all over Asia could surpass the United States in casino gaming profits by the year 2012. Macau's resorts, together with the casino facilities that were being constructed in Singapore and in other countries in Asia could become the main engine for growth. Of the twenty-three gaming industry executives, analysts and academics, around eighty percent commented that the continent's dominance over the U.S. is very likely.

The president and Chief Executive Officer of the American Gaming Association, Frank Fahrenkopf said that the results predict a good future for the Asian gambling market. He added that there is absolutely no doubt that this is good time for the Asian gaming market. U.S. based casino facilities earned $34.1 billion or 22.0 billion euros in 2007, according to the American Gaming Association. Asian casinos earned between $15 billion (10 billion euros) and $20 billion euros (13 billion euros).

The survey results were released before the start of the G2E Asia in Macau. Aside from the impending dominance of the Asian gaming market, the survey also states that Macau is expected to remain the Asian gaming leader. Macau experienced a forty-one percent gaming growth between 2005 and 2007. Just last year, casino facilities in Macau earned $10.3 billion. In 2006, Macau surpassed the Las Vegas strip as the top gaming destination in the world.

06/19/2008 03:15 PM
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