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PricewaterhouseCoopers 2015 Outlook Missed Macau Meltdown and DFS Emergence

Wednesday, February 26th, 2020

PricewaterhouseCoopers 2015 Outlook Missed Macau Meltdown and DFS Emergence

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) worldwide Gaming Outlook, published in 2011 forecasting the half-decade leading for this, hit the nail regarding the head regarding much of the gambling industry’s economics, but the company missed the mark on two issues that are key.

PwC got a lot right in its five-year outlook on gambling, but failed on just what has emerged whilst 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 the web gambling in the United States, saying states would legalize online casinos individually before Congress would intervene.

That was a bold projection in 2011, considering the Department of Justice and FBI had just lately seized the assets of PokerStars and Full Tilt Poker, however a forecast that arrived true.

PwC also correctly hypothesized Internet gaming will be utilized to complement casinos that are land-based a prophecy that came to pass as Nevada, nj-new jersey, and Delaware all require online operators to work in tandem with brick-and-mortar casinos or race songs.

The audit and assurance, tax advisory, consulting, legal, and actuarial firm disclosed that the international Gaming report had not been intended to offer legal or inves (more…)