
One of the ‘Big Four’ audit firms, 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 on the head regarding much of the gambling industry’s economics, however the firm missed the mark on two key issues.
PwC got a lot right in its five-year perspective on gambling, but failed on exactly what has emerged since the two most predominant issues in worldwide gambling news: Macau’s economic issues and day-to-day dream sports (DFS).
To its credit, PwC rightly foresaw on line gambling in the United States, saying states would legalize Web casinos separately before Congress would intervene.
That had been a bold projection in 2011, thinking about the Department of Justice and FBI had just lately seized the assets of PokerStars and Full Tilt Poker, but nonetheless a prediction that arrived true.
PwC also correctly hypothesized Internet gaming could be used to complement land-based casinos, a prophecy that arrived 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 corporation disclosed that the Global Gaming report was not intended to offer legal or investment advice, but di