Gambling Market in APAC by Type, Platform, and Geography - Forecast and Analysis 2020-2024

  • Published: Dec 2020
  • Pages: 120
  • SKU: IRTNTR41318

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The gambling market size in APAC will decrease by USD 20.83 billion during 2020-2024, and the market’s growth momentum will accelerate during the forecast period.

This report provides a detailed analysis of the market by type (lottery, betting, and casino), platform (offline and online), and geography (China, Singapore, and Rest of APAC). Also, the report analyzes the market’s competitive landscape and offers information on several market vendors, including 888 Holdings Plc, Bet365 Group Ltd., Flutter Entertainment Plc, Galaxy Entertainment Group Ltd., INTRALOT SA, Las Vegas Sands Corp., MGM Resorts International, SJM Holdings Ltd., SkyCity Entertainment Group, and William Hill Plc.

What will be the Gambling Market Size in APAC in 2020?

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Who are the Major Gambling Vendors in APAC?

The market is fragmented with the presence of a large number of vendors. With the increasing competition in the market, vendors are focusing on distinguishing their product offerings through unique value propositions. Las Vegas Sands Corp., MGM Resorts International, SJM Holdings Ltd., SkyCity Entertainment Group, and William Hill Plc are some of the major market participants. Although the liberalization of regulatory frameworks will offer immense growth opportunities, the security and credibility issues associated with online gambling will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

To help clients improve their market position, this gambling market forecast in APAC report provides a detailed analysis of the market leaders and offers information on the competencies and capacities of these companies. The report also covers details on the market’s competitive landscape and offers information on the products offered by various companies. Moreover, this gambling market analysis in APAC report also provides information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of their future growth opportunities.

This report provides information on the production, sustainability, and prospects of several leading companies, including:

  • 888 Holdings Plc
  • Bet365 Group Ltd.
  • Flutter Entertainment Plc
  • Galaxy Entertainment Group Ltd.
  • INTRALOT SA
  • Las Vegas Sands Corp.
  • MGM Resorts International
  • SJM Holdings Ltd.
  • SkyCity Entertainment Group
  • William Hill Plc

Which are the Key Markets for Gambling in APAC?

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China was the largest gambling market in 2019, and the country will offer several growth opportunities to market vendors during the forecast period. Heavy investments in opening new casino resorts and relaunches and increasing demand for sports betting and lottery will significantly influence gambling market growth in the country.

Over 43% of the market’s growth will originate from China during the forecast period. Hong Kong is the key market for gambling in China. Market growth in this region will be slower than the growth of the market in other regions.

What are the Major Type Segments in the Gambling Market in APAC?

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The legalization of lottery in developing countries such as India, Indonesia, and Malaysia is contributing to gambling market growth in APAC. However, the growth of the gambling market share in APAC by the lottery segment will be slower than the growth of the market by the other segments. This report provides an accurate prediction of the contribution of all the segments to the growth of the gambling market size in APAC.

How will Government Regulations Influence Gambling Market Growth in APAC?

The gambling market in APAC will register a CAGR of over (2)% during 2020-2024. Because of benefits such as the creation of employment opportunities, high revenue in the form of taxes, and the reduction in budgetary gaps, governments in this region are legalizing online gambling. The ease of government regulations is one of the primary growth factors for this market.

Sports betting is extremely popular among youngsters and the gambling population in countries where gambling is partially legalized. Steadily the base of betting is shifting from land-based betting to online sports betting, which is consequently driving online sports betting market growth. The online gambling market is successfully attracting growth than brick-and-mortar gambling as it offers variety in games and various incentives other than the prize money. This increases the popularity of online sports betting among the younger audience, which is one of the key gambling market trends in APAC.

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What are the Key Factors Covered in this Gambling Market Report of APAC?

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will drive gambling market growth in APAC during the next five years
  • Precise estimation of the gambling market size in APAC and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the gambling market industry in APAC across China, Singapore, and Rest of APAC
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of gambling market vendors in APAC

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Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

INFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases

DATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts

REPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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The gambling market growth will increase by $-20.83 billion during 2019-2024.
The gambling market is expected to grow at a CAGR of -1.67% during 2019-2024.
Technavio has segmented the gambling market by geographic (China, Singapore, and Rest of APAC).
888 Holdings Plc, Bet365 Group Ltd., Flutter Entertainment Plc, Galaxy Entertainment Group Ltd., INTRALOT SA, Las Vegas Sands Corp., MGM Resorts International, SJM Holdings Ltd., SkyCity Entertainment Group, William Hill Plc are a few of the key vendors in the gambling market.
Singapore will register the highest growth rate of 0.67% among the other regions. Therefore, the gambling market in Singapore is expected to garner significant business opportunities for the vendors during the forecast period.
  • China
  • Singapore
  • Rest of APAC
The key factors driving the gambling market growth are:
  • High penetration of smartphones
The gambling market vendors should focus on grabbing business opportunities from the segment as it accounted for the largest market share in the base year.

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