Asia-Pacific Casino Gambling Market Size
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 92.30 Billion |
| Market Size (2029) | USD 131.80 Billion |
| CAGR (2024 - 2029) | 7.24 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Asia-Pacific Casino Gambling Market Analysis
The Asia-Pacific Casino Gambling Market size is estimated at USD 92.30 billion in 2024, and is expected to reach USD 131.80 billion by 2029, at a CAGR of 7.24% during the forecast period (2024-2029).
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, and internet gambling made the Asia-Pacific Casino Gambling market register growth in the online sector.
Asia-Pacific Casino Gambling Market Trends
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. 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.
Asia-Pacific Casino Gambling Industry Overview
The Asia-Pacific casino gambling market is highly fragmented and comprises regional and global players. Key players like Sands China, Galaxy Entertainment, Wynn Macau, SJM, and Melco currently dominate the market. Major players are focusing on mergers and acquisitions, partnerships, and product innovations to expand their presence in the market and enhance their brand portfolio to cater to consumer preferences. The most popular strategy in the casino gambling industry of Asia Pacific is merger and acquisition, followed by expansion. Key players compete on various factors, including offerings, quality of gambling content, user experience, brand equity, personalized payoffs, and access to various platforms.
Asia-Pacific Casino Gambling Market Leaders
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Sands China
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Galaxy Entertainment
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Wynn Macau
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SJM
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Melco
*Disclaimer: Major Players sorted in no particular order
Asia-Pacific Casino Gambling Market News
- September 2023: Macau-based casino operator Sands China Ltd has partnered with Hong Kong's Emperor Entertainment Group to produce a gaming firm called 'residency shows' for the Londoner Macao resort.
- July 2023: Novomatic has signed an agreement with Tecnet Asia for the distribution rights for Novomatic products in the Philippines. As the official distribution partner, Tecnet will likely be responsible for both the sales and after-sales service of the gaming technology products by Novomatic. These are expected to include electronic table games, video slot cabinets, and games, as well as casino management tools and solutions.
Asia-Pacific Casino Gambling Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET INSIGHTS AND DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Internet Penetration is Driving the Market
4.3 Market Restraints
4.3.1 Government Regulations are Restraining the Market
4.4 Market Opportunities
4.4.1 Technological Advancements will Create Opportunities to New Entrants
4.4.2 Legalization of Gambling in New Regions is Creating Opportunities to New Entrants
4.5 Insights on Technological Innovations in the Market
4.6 Insights on Industry Policies and Government Regulations on the Asia-Pacific Casino Gambling Market
4.7 Industry Attractiveness: Porter's Five Forces Analysis
4.7.1 Bargaining Power of Suppliers
4.7.2 Bargaining Power of Buyers
4.7.3 Threat of New Entrants
4.7.4 Threat of Substitutes
4.7.5 Intensity of Competitive Rivalry
4.8 Impact of COVID-19 on the Market
5. MARKET SEGMENTATION
5.1 By Type
5.1.1 Live Casino
5.1.2 Baccarat
5.1.3 Blackjack
5.1.4 Poker
5.1.5 Slots
5.1.6 Other Types
5.2 By Application
5.2.1 Online
5.2.2 Offline
5.3 By Geography
5.3.1 China
5.3.2 India
5.3.3 Australia
5.3.4 Japan
5.3.5 South Korea
5.3.6 Rest of Asia-Pacific
6. COMPETITIVE LANDSCAPE
6.1 Market Concentration Overview
6.2 Company Profiles
6.2.1 Sands China
6.2.2 Galaxy Entertainment
6.2.3 Wynn Macau
6.2.4 SJM
6.2.5 Melco
6.2.6 Aristocrat
6.2.7 IGT
6.2.8 Entain
6.2.9 Light and Wonder
6.2.10 Genting Group
6.2.11 Crown Resorts
6.2.12 Sun International
6.2.13 Sky City Entertainment Group*
- *List Not Exhaustive
7. MARKET FUTURE TRENDS
8. DISCLAIMER AND ABOUT US
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 Research Faqs
How big is the Asia-Pacific Casino Gambling Market?
The Asia-Pacific Casino Gambling Market size is expected to reach USD 92.30 billion in 2024 and grow at a CAGR of 7.24% to reach USD 131.80 billion by 2029.
What is the current Asia-Pacific Casino Gambling Market size?
In 2024, the Asia-Pacific Casino Gambling Market size is expected to reach USD 92.30 billion.
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.
What years does this Asia-Pacific Casino Gambling Market cover, and what was the market size in 2023?
In 2023, the Asia-Pacific Casino Gambling Market size was estimated at USD 85.62 billion. The report covers the Asia-Pacific Casino Gambling Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the Asia-Pacific Casino Gambling Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Asia-Pacific Casino Gambling Industry Report
Statistics for the 2024 Asia-Pacific Casino Gambling market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Asia-Pacific Casino Gambling analysis includes a market forecast outlook to for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
