Asia-Pacific Casino Gambling Market Growth, Size, Trends, Revenue, Share and Future Outlook
Asia-Pacific Casino Gambling Market Size- By Type, By Application- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: Jan-2024 | Report ID: IACT2402 | Pages: 1 - 156 | Formats*: |
| Category : Information & Communications Technology | |||
Asia-Pacific Casino Gambling Market Introduction and Overview
According to SPER Market Research, the Asia-Pacific Casino Gambling Market is estimated to reach USD 2.74 billion by 2033 with a CAGR of 6.29%.
The report includes an in-depth analysis of the Asia-Pacific Casino Gambling Market, including market size and trends, product mix, distribution channels, and supplier analysis. The term "casino gambling" describes the act of placing bets on sporting or casino events. The sessions are run by computer programs and software, and there is no actual player interaction. Online gambling is currently becoming more popular in the Asia Pacific area due to its many advantages, which include the ability for players to wager in real time, cashless transactions, budget customization, and accessibility from any electronic device.
- September 2023: Sands China Ltd., a casino operator based in Macau, has teamed up with Emperor Entertainment Group of Hong Kong to create a gaming company known as "residency shows" for the Londoner Macao resort.
- July 2023: A distribution rights agreement for Novomatic products in the Philippines has been signed by Novomatic and Tecnet Asia. Since Tecnet is the official distributor, it is most likely that it will handle sales as well as post-purchase support for Novomatic's gaming technology products.
Market Opportunities and Challenges
Opportunities: Online gambling services are now widely available due to the growing popularity of mobile phones, the Internet, and easy online payment gateways. With an impressive 71.6% of players preferring mobile betting, Asia is the leader in high-stakes online gambling. The market is being driven by numerous regulatory changes in the Asia Pacific region that have legalized online gambling and made playing environments safer for participants. The Asia-Pacific online gambling market is growing thanks to technological innovations like augmented reality (AR) and virtual reality (VR).
Challenges: There are many challenges facing the Asia-Pacific casino gambling market. The various regulatory frameworks across nations present a significant obstacle to the seamless operation of casinos in the region. People's tastes for particular game genres are influenced by cultural differences, which is another factor. Furthermore, people's willingness to spend money on casino gambling can be influenced by changes in their disposable income due to economic fluctuations and uncertainties. Another difficulty facing casinos is competition for patrons, which necessitates the development of creative marketing plans to draw in and keep players. Furthermore, the industry faces difficulties due to worries about the social effects of gambling, including addiction and other related problems, which highlights the need for responsible gaming policies.
Market Competitive Landscape
There are both local and international players in the severely fragmented Asia-Pacific casino gambling market. At the moment, major competitors in the market include Sands China, Galaxy Entertainment, Wynn Macau, SJM, and Melco. To increase their market share and diversify their brand portfolios in order to better meet customer preferences, major players are concentrating on partnerships, mergers and acquisitions, and product innovations.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2033 |
| Base year considered | 2022 |
| Forecast period | 2023-2033 |
| Segments covered | By Type, By Application |
| Regions covered | China, India, Australia, Japan, South Korea, Rest of Asia-Pacific |
| Companies Covered | Aristocrat, Crown Resorts, Entain, Galaxy Entertainment, Genting Group, IGT, Light and Wonder, Melco, Sands China, SJM, Sky City Entertainment Group, Wynn Macau, Others. |
COVID-19 Impact on Asia-Pacific Casino Gambling Market
The COVID-19 pandemic had a significant impact on the Asia-Pacific casino gambling industry, forcing many land-based casinos to close or operate at a reduced capacity. COVID-19, on the other hand, benefited the online casino gambling market. People's participation in mobile gaming, internet gambling, and online betting has resulted in growth in the Asia-Pacific Casino Gambling market's online sector.
Key Target Audience:
- Adults of Legal Gambling Age
- Tourists and Travelers
- High-Rollers and VIP Players
- Casual Gamblers
- Online Gamblers
- Gambling Enthusiasts
Our in-depth analysis of the Asia-Pacific Casino Gambling Market includes the following segments:
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| By Application: |
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| By Region: |
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Key Topics Covered in the Report:
- Asia-Pacific Casino Gambling Market Size (FY’2024-FY’2034)
- Overview of Asia-Pacific Casino Gambling Market
- Segmentation of Asia-Pacific Casino Gambling Market By Type (Live Casino, Baccarat, Blackjack, Poker, Slots, Others)
- Segmentation of Asia-Pacific Casino Gambling Market By Application (Online, Offline)
- Expansion Analysis of Asia-Pacific Casino Gambling Market
- Problems and Obstacles in Asia-Pacific Casino Gambling Market
- Competitive Landscape in the Asia-Pacific Casino Gambling Market
- Impact of COVID-19 and Demonetization on Asia-Pacific Casino Gambling Market
- Details on Current Investment in Asia-Pacific Casino Gambling Market
- Competitive Analysis of Asia-Pacific Casino Gambling Market
- Prominent Players in the Asia-Pacific Casino Gambling Market
- SWOT Analysis of Asia-Pacific Casino Gambling Market
- Asia-Pacific Casino Gambling Market Future Outlook and Projections (FY’2024-FY’2034)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database
2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4.1. Driver, Restraint, Opportunity and Challenges analysis4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges4.2. COVID-19 Impacts of the Asia-Pacific Casino Gambling Market
5. Market variable and outlook
5.1. SWOT Analysis5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats5.2. PESTEL Analysis5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape5.3. PORTER’s Five Forces5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Asia-Pacific Casino Gambling Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Asia-Pacific Casino Gambling Market
7. Asia-Pacific Casino Gambling Market, By Type (USD Million)
7.1. Asia-Pacific Casino Gambling Market Value Share and Forecast, By Type, 2023-20337.2. Live Casino7.3. Baccarat7.4. Blackjack7.5. Poker7.6. Slots
7.7. Others
8. Asia-Pacific Casino Gambling Market, By Application (USD Million)
8.1. Asia-Pacific Casino Gambling Market Value Share and Forecast, By Application, 2023-20338.2. Online8.3. Offline
9. Asia-Pacific Casino Gambling Market Forecast, 2019-2033 (USD Million)
9.1. Asia-Pacific Casino Gambling Market Size and Market Share
10. Asia-Pacific Casino Gambling Market, By Type, 2019-2033 (USD Million)
10.1. Asia-Pacific Casino Gambling Market Size and Market Share By Type (2019-2026)10.2. Asia-Pacific Casino Gambling Market Size and Market Share By Type (2027-2033)
11. Asia-Pacific Casino Gambling Market, By Application, 2019-2033 (USD Million)
11.1. Asia-Pacific Casino Gambling Market Size and Market Share By Application (2019-2026)11.2. Asia-Pacific Casino Gambling Market Size and Market Share By Application (2027-2033)
12. Asia-Pacific Casino Gambling Market, By Region, 2019-2033 (USD Million)
12.1. Asia-Pacific Casino Gambling Market Size and Market Share By Region (2019-2026)12.2. Asia-Pacific Casino Gambling Market Size and Market Share By Region (2027-2033)12.3. China12.4. India12.5. Australia12.6. Japan12.7. South Korea12.8. Rest of Asia-Pacific
13. Company Profile
13.1. Aristocrat13.1.1. Company details13.1.2. Financial outlook13.1.3. Product summary13.1.4. Recent developments13.2. Crown Resorts13.2.1. Company details13.2.2. Financial outlook13.2.3. Product summary13.2.4. Recent developments13.3. Entain13.3.1. Company details13.3.2. Financial outlook13.3.3. Product summary13.3.4. Recent developments13.4. Galaxy Entertainment13.4.1. Company details13.4.2. Financial outlook13.4.3. Product summary13.4.4. Recent developments13.5. Genting Group13.5.1. Company details13.5.2. Financial outlook13.5.3. Product summary13.5.4. Recent developments13.6. IGT13.6.1. Company details13.6.2. Financial outlook13.6.3. Product summary13.6.4. Recent developments13.7. Light and Wonder13.7.1. Company details13.7.2. Financial outlook13.7.3. Product summary13.7.4. Recent developments13.8. Melco13.8.1. Company details13.8.2. Financial outlook13.8.3. Product summary13.8.4. Recent developments13.9. Sands China13.9.1. Company details13.9.2. Financial outlook13.9.3. Product summary13.9.4. Recent developments13.10. SJM13.10.1. Company details13.10.2. Financial outlook13.10.3. Product summary13.10.4. Recent developments13.11. Sky City Entertainment Group13.11.1. Company details13.11.2. Financial outlook13.11.3. Product summary13.11.4. Recent developments13.12. Wynn Macau13.12.1. Company details13.12.2. Financial outlook13.12.3. Product summary13.12.4. Recent developments13.13. Others
14. Reference Links
15. Conclusion
16. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
Asia-Pacific Casino Gambling Market is projected to reach USD 2.74 billion by 2033, growing at a CAGR of 6.29% during the forecast period.
Asia-Pacific Casino Gambling Market size from 2022. The Market is expected to reach USD 2.74 billion by 2033, at a CAGR of 6.29% during the forecast period.
Asia-Pacific Casino Gambling Market CAGR of 6.29% during the forecast period.
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Asia-Pacific Casino Gambling Market size is USD 2.74 billion from 2023 to 2033.
Asia-Pacific Casino Gambling Market Segment is covered By Type, By Application.
The Asia-Pacific is anticipated to have the highest market share in the Asia-Pacific Casino Gambling Market.
The key players in the market include Companies Covered Aristocrat, Crown Resorts, Entain, Galaxy Entertainment, Genting Group, IGT, Light and Wonder, Melco, Sands China, SJM, Sky City Entertainment Group, Wynn Macau, Others.
There are many challenges facing the Asia-Pacific casino gambling market. The various regulatory frameworks across nations present a significant obstacle to the seamless operation of casinos in the region.
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