Market Size of Asia-Pacific Casino Gambling Industry
Study Period | 2020 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2020 - 2022 |
CAGR | 6.00 % |
Market Concentration | High |
Major Players*Disclaimer: Major Players sorted in no particular order |
Asia-Pacific Casino Gambling Market Analysis
The Asia-Pacific casino gambling market generated a revenue of USD 2.02 billion in the current year and is poised to register a CAGR greater than 6 % during the forecast period.
The Casino Gambling market of Asia Pacific operates through a combination of regulatory framework, tourism, and local demand. Most of the casinos in the Asia Pacific region are part of integrated resorts which combine casinos with hotels, restaurants, and shopping centers.
Casinos in the Asia Pacific region, particularly in Macau, Singapore, and the Philippines, rely on tourism. Tourism brings in many visitors, including high rollers and casino gamblers, boosting the revenue of the Asia Pacific Casino Market. The casino industry of Asia-Pacific contributes to the local economy through taxes, tourism-related spending, and community development.
The COVID-19 pandemic significantly impacted the Asia-Pacific casino gambling industry, with many land-based casinos forced to shut down or operate at reduced capacity. However, COVID-19 benefitted the online sector of the casino gambling market. People's engagement in mobile gaming, internet gambling, and online betting made the Asia-Pacific Casino Gambling market register growth in the online sector.
Asia-Pacific Casino Gambling Industry Segmentation
A casino is a facility for certain types of gambling. Casinos are often built near or combined with hotels, resorts, restaurants, retail shops, cruise ships, and other tourist attractions. This report aims to provide a detailed analysis of the Asia-Pacific casino gambling market. It focuses on market dynamics, emerging trends in the segments and regional markets, and insights into the various product and application types. Also, it analyses the key players and the competitive landscape.
The Asia-Pacific casino gambling market is segmented by type (live casino, Baccarat, blackjack, poker, slots, and other casino games), by application (online or offline), and by geography (China, India, Australia, Japan, South Korea, and the Rest of Asia-Pacific).
The report offers market size and values in USD during the forecast period for the above segments.
By Type | |
Live Casino | |
Baccarat | |
Blackjack | |
Poker | |
Slots | |
Other Types |
By Application | |
Online | |
Offline |
By Geography | |
China | |
India | |
Australia | |
Japan | |
South Korea | |
Rest of Asia-Pacific |
Asia-Pacific Casino Gambling Market Size Summary
The Asia-Pacific casino gambling market is characterized by a dynamic interplay of regulatory frameworks, tourism, and local demand, with a significant portion of its operations integrated into resorts that offer a blend of casinos, hotels, restaurants, and shopping centers. The region's casino industry, particularly in hotspots like Macau, Singapore, and the Philippines, heavily relies on tourism, attracting both high rollers and casual gamblers. This reliance on tourism has been a double-edged sword, as the COVID-19 pandemic forced many land-based casinos to close or operate at reduced capacity, while simultaneously boosting the online gambling sector. The pandemic accelerated the shift towards mobile gaming, internet gambling, and online betting, driven by increased smartphone penetration, internet access, and convenient online payment systems. Regulatory changes across Asia-Pacific countries have further facilitated the growth of online gambling, creating a safer environment for players and embracing technological advancements such as Virtual Reality and Augmented Reality.
Macau, often referred to as the gambling capital of the world, plays a pivotal role in the region's casino industry, benefiting from relaxed gambling laws that have spurred tourism and revenue generation. The Chinese government's easing of gambling restrictions has led to the expansion of the casino industry, with new casinos being constructed and existing ones growing in size and scope. The market is highly fragmented, with regional and global players like Sands China, Galaxy Entertainment, Wynn Macau, SJM, and Melco leading the charge. These key players are actively engaging in mergers, acquisitions, partnerships, and product innovations to strengthen their market presence and enhance their offerings. Strategies such as mergers and acquisitions, along with expansion efforts, are prevalent as companies compete on various fronts, including the quality of gambling content, user experience, brand equity, and access to diverse platforms. Recent collaborations, such as Sands China's partnership with Emperor Entertainment Group and Novomatic's agreement with Tecnet Asia, highlight the ongoing efforts to expand and innovate within the market.
Asia-Pacific Casino Gambling Market Size - Table of Contents
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1. MARKET INSIGHTS AND DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.2.1 Internet Penetration is Driving the Market
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1.3 Market Restraints
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1.3.1 Government Regulations are Restraining the Market
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1.4 Market Opportunities
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1.4.1 Technological Advancements will Create Opportunities to New Entrants
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1.4.2 Legalization of Gambling in New Regions is Creating Opportunities to New Entrants
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1.5 Insights on Technological Innovations in the Market
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1.6 Insights on Industry Policies and Government Regulations on the Asia-Pacific Casino Gambling Market
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1.7 Industry Attractiveness: Porter's Five Forces Analysis
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1.7.1 Bargaining Power of Suppliers
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1.7.2 Bargaining Power of Buyers
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1.7.3 Threat of New Entrants
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1.7.4 Threat of Substitutes
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1.7.5 Intensity of Competitive Rivalry
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1.8 Impact of COVID-19 on the Market
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2. MARKET SEGMENTATION
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2.1 By Type
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2.1.1 Live Casino
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2.1.2 Baccarat
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2.1.3 Blackjack
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2.1.4 Poker
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2.1.5 Slots
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2.1.6 Other Types
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2.2 By Application
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2.2.1 Online
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2.2.2 Offline
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2.3 By Geography
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2.3.1 China
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2.3.2 India
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2.3.3 Australia
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2.3.4 Japan
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2.3.5 South Korea
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2.3.6 Rest of Asia-Pacific
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Asia-Pacific Casino Gambling Market Size FAQs
What is the current Asia-Pacific Casino Gambling Market size?
The Asia-Pacific Casino Gambling Market is projected to register a CAGR of greater than 6% during the forecast period (2024-2029)
Who are the key players in Asia-Pacific Casino Gambling Market?
Sands China, Galaxy Entertainment, Wynn Macau, SJM and Melco are the major companies operating in the Asia-Pacific Casino Gambling Market.