Analyst: China's online game revenues to reach $11 billion by 2012

According to a report recently published by typographically-challenged research firm Analysys, revenues from China's online gaming industry will reach 73.1 billion yuan ($10.7 billion) within three years. If you're one of those people who have a hard time telling whether numbers are large, let us assure you that this one is very large indeed. As a point of reference, the entire U.S. gaming industry pulled in $11.7 billion in revenues last year.

The report expects online gaming revenues for the nation to reach $3.8 billion this year -- however, it also estimates MMO market penetration to only be at 27 percent, a number it expects will increase as internet access becomes more readily available to Chinese citizens. Of course, all the internet access in the world won't bolster online gaming revenues if all the good ones keep getting shut down for no reason whatsoever.