The study also finds that the US has the biggest advantage in gaming, as the country spends almost twice as much per capita on gaming in total, at $12.5 billion a year. However, the UK comes in second, while Italy has the third smallest rate of gaming.
The report says that it is surprising that Australia doesn’t fare as well in the list because its gambling rate of $5.8 billion a year means that the country spends more than a quarter of its gaming money on the entertainment industry.
Meanwhile, Finland is tied with China for the highest gaming per capita at $22.4 billion, while the Philippines comes in fifth with per capita spend of $18.3 billion.
So how do countries compare overall?
Overall, the report finds that Japan and South Korea have the highest gaming per capita at $23.5 billion, while the US comes in third behind Australia with $20.9 billion. Germany, Canada and Switzerland have the lowest gaming per capita of $6.2 billion, while the UK ranks fourth in terms of spending.
This is because Japan is an offshore casino, the report says, whereas Hong Kong, Singapore and the US all have domestic casinos. That said, gaming is still booming in Japan so, as the industry expands, it has no reason to keep the spending low.
This article originally appeared on guardian.co.uk
The government’s latest attempt to make it easier for Kiwis to buy KiwiSaver, which lets them access government-backed debt and investment accounts, has been condemned as a dangerous gamble by some analysts.
New Zealand First leader Winston Peters released a statement on Tuesday saying the Government’s plan was “worrisome”, with the new scheme raising questions about New Zealand’s long-term growth prospects.
“What we have are new and risky schemes which I have no time for”, he said.
“The Government says Kiwis can now borrow up to $250,000 without penalty but, in reality, we have no choice but to raise interest rates – as does everyone but the wealthy.
It also follows a successful campaign that saw the Government scrap an existing 50 percent interest threshold for Kiwis in KiwiSaver accounts, which was put in place in 2011.
Labour leader Andrew Little said it amounted to “a massive rip off to the thousands of Kiwis and the tens of thousands of businesses and families who rely on Kiwi