BUSINESS

Report shows booming Asia Pacific Casino and Gaming Sector

TAGs: Asia-Pacific Gaming Sector, Gambling in China, Gaming revenue increase in Macau

Macau setting more recordsThe report on “ Asia-Pacific Casino and Gaming Sector-Focus on China and Macau” published by Research and Markets provided a detailed study of casino and gaming industry performance in Macau, China, Singapore, among other global locations. Analysis and initial forecasts suggest that Asia will continue to see significant growth.

According to the report, Asia-Pacific is offering many opportunities and strong potential for the gambling industry. Macau is the leading gambling hub in the APAC region. According to the report, in 2009, Asian casinos grew by 3.41% and showed positive growth in the first half of 2010 (2.88%) as compared to the same period last year.

In China, the sports lottery accounted for 41.88% of the total lottery market while welfare lottery contributed 58.12%. When it comes to the gaming industry, Macau has no rival. The Macau gaming industry is developing with a strong growth rate compared to other Asian countries driven in large part by the rising number of tourist arrivals and growing middle class income level.

The report describes how rising income levels in the middle class along with growing trend of working women has worked as a driving factor for casino and gaming industry in Asia Pacific.

Some of the key findings from the report are as follows:

• For the period 2004–2009, the global gambling industry recorded a CAGR of 3.58%. The industry is expected to grow at a CAGR of 3.91%, 2010–2015

• The global online gaming market has grown at a CAGR of 18.21% during the period 2002-2010.

• In 2009, Asian casinos grew by 3.41% and showed positive growth in the first half of 2010 (2.88%) as compared to the same period last year.

• Singapore casino revenue grew by 29.72% compared to results in 2009. The industry is expected to reach USD 6.68 billion by 2015.

• The annual lottery revenue in China expanded with a CAGR 27.38% from 2000-2010. In welfare lottery, computer ticket games accounted for 73% of total welfare lottery sales. The China’s lottery market is estimated to reach USD 46.0 billion by 2015, registering a CAGR of 11.06% from 2010. The sales of computer ticket games is expected to grow by CAGR of 4.43% during 2008-2012.

• Revenue in Macau casino sector increased to 56.5% in 2010 compared to the last year, driven by the increase in number of visitors and strengthening of the Chinese economy. Macau casino and gaming revenue will grow 20.48% in 2011 and will further grow at a CAGR of 15.77% by 2015.

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