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Explore the impact of gambling tax increases and the challenges faced by operators in today's gambling industry. Discover how regulation, consolidation, and shareholder value creation play a role. Get insights from Warwick Bartlett, CEO of Global Betting & Gaming Consultants.
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Past, Present and Future Warwick Bartlett, CEO Global Betting & Gaming Consultants
GGY per Capita in 2013 (US$) Source: GBGC’s Global Gambling Report
Las Vegas Strip Casino GGY (US$bn) 2005-2014 Source: GBGC’s Global Gambling Report
Greece Casino GGY (€m) 2005-2014 Source: GBGC’s Global Gambling Report
GBGC 50 vs iGBGC Index Jan/05 – Oct/15 Source: GBGC’s Global Gambling Report
Combined Effect – Tax Increase and Recession • Tough for smaller operators • Fewer start-ups • On-shore trying to marginalise off-shore • Complex and costly regulation • Consolidation (37 deals worth US$32bn in 18 months)
However... Paddy Power, Betfair and Bet 365 produced shareholder value in excess of US$18bn in 10 years
Operator Concerns with Regulation • Dormant accounts • Common standards • Suspicious transaction reporting
I will clog your arteries and cause a stroke or heart attack!
Thank you! www.gbgc.com Warwick Bartlett CEO warwick@gbgc.com