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 |
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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.
