PricewaterhouseCoopers 2015 Outlook Missed Macau Meltdown and DFS Introduction

One of the ‘Big Four’ audit companies, the accuracy of PwC’s five-year Global Gaming Outlook published in 2011 is gradually coming to light.

PricewaterhouseCoopers’ (PwC) Global Gaming Outlook, published in 2011 forecasting the half-decade leading for this, hit the nail in the head regarding much of the gambling industry’s economics, however the firm missed the mark on two issues that are key.

PwC got a lot right in its five-year perspective on gambling, but failed on what has emerged as the two most predominant dilemmas in worldwide gambling news: Macau’s economic issues and day-to-day fantasy sports (DFS).

To its credit, PwC rightly foresaw on line gambling in the United States, saying states would legalize online gambling enterprises independently before Congress would intervene.

That had been a projection that is bold 2011, considering the Department of Justice and FBI had just lately seized the assets of PokerStars and Full Tilt Poker, but nonetheless a forecast that came real.

PwC also correctly hypothesized Internet gaming is used to complement casinos that are land-based a prophecy that came to pass as Nevada, New Jersey, and Delaware all require online operators to work in tandem with brick-and-mortar casinos or race tracks.

The audit and assurance, tax advisory, consulting, legal, and actuarial corporation disclosed that the Global Gaming report wasn’t intended to offer appropriate or Continue reading