The Asia-Pacific gambling market has demonstrated resilience. It is also expected to register a Compound Annual Growth Rate (CAGR).
A recent study shows that the CAGR could grow in excess of 6 percent in the next five years. This is as desire for both land-based and online gaming continue to increase. On the other hand, the potential gaming framework of Thailand is going through the rounds, with a possible 5 percent limit on casino spaces in IRs. Recent VISA policies announced by China in Macau, are set to have a strong impact. This is even as other jurisdictions miss out.
The APAC of Asia-Pacific gambling market is only expected to grow. Mordor Intelligence’s new estimates indicate a 6 percent compound annual growth rate between 2024 and 2029. The figure is based on a solid growth in Macau, Singapore, and the Philippines, and a strong online component. The market growth in India is particularly notable, as well as its inclination towards the continuing shift to mobile play.
Revenues generated in the Asia-Pacific gambling market, whether online or offline, including live casino, Baccarat, blackjack, poker, slots, and other casino games were took into consideration by the report. It has estimated that the sector witnessed a total of $2.02 billion in 2023’s revenue.
As argued by the consultancy firm, while land-based casinos were severely impacted, leading to closures or reduced operations, COVID-19 benefited the online sector of the casino gambling market.
The APAC-leading network, CDNetworks deliver edge as a service. It announced its rapid expansion of its global network of scrubbing centers in 2023, offers services with a capacity exceeding 15 Tbps. This helps organizations boost availability, enhance resiliency, and secure the digital experience.
In 2016, a leading global betting company, 1xBet introduced its affiliate program. This quickly becomes renowned within the industry and earns recognition at the SBC Awards.
