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PricewaterhouseCoopers 2015 Outlook Missed Macau Meltdown and DFS Introduction

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) Global Gaming Outlook, published in 2011 forecasting the half-decade leading to the current, 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 outlook on gambling, but failed on exactly what has emerged as the two most predominant dilemmas in worldwide gambling news: Macau's economic issues and daily fantasy sports (DFS).

To its credit, PwC rightly foresaw on line gambling in the us, saying states would legalize online gambling enterprises independently 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 forecast that arrived true.

PwC also correctly hypothesized Internet gaming would be utilized to complement land-based casinos, a prophecy that arrived to pass through as Nevada, 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 business disclosed that the Global Gaming report had not been intended to provide appropriate or in