Gambling revenues across the world are set to reach $183bn by the year 2015 recent figures according to Price Waterhouse Coopers (PWC).

This means the total revenue for casino and online gaming will shoot up 9 percent every year, from present $117.6bn to $183bn by 2015.

Gambling revenues information gathered by consultancy firm Price Waterhouse Cooper (PWC) for this year suggests that gambling revenues through casinos and online gaming increased by 0.6% in Britain alone. Asia Pacific region will see the biggest increase with 18.3% growth in compounded annual revenue to $79.3bn, whereas the US at 5% predicted growth will reach $73.3bn. As a result, Asia Pacific will then account for 43.4% of world spending on casino and online gaming, while the US on 40.1% will find itself in second spot.

While the UK casino market totaled $1.2bn, gaming machines in generated more than $3bn. The online gaming industry has continued to evolve, PwC said, adding that the UK was the largest legal online gaming market.

David Trunkfield, the lead gaming partner at PwC, said further growth in Britain was likely to be supported by the opening of 16 new casinos next year. He expects that new casinos will "help to generate gambling revenues averaging 4.1 per cent compounded annually between 2012 and 2015".

Elaborating further, David Trunkfield stated: “Singapore’s dramatic emergence as a casino gaming centre is a prime example of new territories entering the market. Revenues have surged from zero in 2009, to $4bn in 2011 and a predicted $7bn by 2015. The improvement in transport links to key casino gaming markets, such as Macau, and the easing of regulations is also contributing to the increase in revenues.”By contrast, growths within the EMEA countries (Europe, Middle East and Africa) are expected to be far weaker at an average annual increase of 2.4% and should hit $18.3bn gambling revenues in 2015.

However, Mr. Trunkfield went on to warn that revenues might suffer slightly next year due to the high demand placed on the consumers. This will only be a temporary blip and revenues will increase once more in 2012. Mr. Trunkfield went on to say "Weak economic conditions and the impact of adverse regulatory developments in some countries will curtail growth of gambling revenues."

According to the latest poker news, the pervasive changes envisioned taking place over the next five years in the casino gaming industry should thus act as a cue for countries to “stake out the right positioning in the new landscape of 2015,” according to Price Waterhouse Coopers on their forecast on gambling revenues.