One of the ‘Big Four’ audit businesses, the accuracy of PwC’s five-year Global Gaming Outlook published in 2011 is slowly coming to light.
PricewaterhouseCoopers’ (PwC) Global Gaming Outlook, published in 2011 forecasting the half-decade leading to the present, hit the nail on the head regarding much of the gambling industry’s economics, but the company missed the mark on two key issues.
PwC got a lot right in its five-year outlook on gambling, but failed on just what has emerged because the two most predominant issues in worldwide gambling news: Macau’s economic issues and daily fantasy sports (DFS).
To its credit, PwC rightly foresaw on line gambling in america, saying states would legalize Internet casinos independently before Congress would intervene.
That had been a projection that is bold 2011, considering the Department of Justice and FBI had just recently seized the assets of PokerStars and Full Tilt Poker, however a prediction that arrived true.
PwC also correctly hypothesized Internet gaming could be utilized to complement casinos that are land-based a prophecy that arrived to pass through as Nevada, nj-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 meant to provide legal or investment ad (more…)