Market Trends of Asia-Pacific Casino Gambling Industry
Online Gambling is Propelling the Market Growth across Asia-Pacific
The increased penetration of mobile phones and the Internet and convenient online payment gateways have made online gambling services easily accessible. Asia emerges as a front-runner in high-stakes online gambling, with a noteworthy 71.6% of players favoring mobile betting. Many regulatory changes in Asia Pacific countries legalizing online gambling and creating a safer environment for players are propelling the market. Technological advancements such as Virtual Reality (VR) and Augmented Reality (AR) are enhancing the online gambling market of Asia-Pacific.
China is Dominating the Market
Macau, which is called the gambling capital of the world, is located in China. The region is a special administration of China where gambling is legal. The tiny Chinese territory registers significant growth year on year as they build theme parks and other attractions for gamblers. Traditionally, gambling is a social activity in China, especially during holidays. People enjoy gathering together with friends or family to play casino as a form of celebration. Wagering is involved in most games, though often the amount of the wager is quite small. It is generally considered a relaxing activity for Chinese people.
Further, the relaxation of gambling laws has significantly affected the casino gambling market in China. In China, the government has been easing restrictions on gambling to boost tourism and generate revenue. This has allowed the China casino industry to expand, leading to the construction of new casinos and the growth of existing ones.
