Discover the Thriving and Profitable Gambling Markets in Asia

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25 july 2023
Author: James Burton
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Asia boasts some of the most exciting prospects in the wagering segment. A market volume is predicted to be over $ 2.48 billion by 2027. Modern casino operators can expect a huge income boost and increased web traffic from this region.

iGaming business in Asia: development

Basic Information about Asian Gambling

Casinos and sportsbook entrepreneurs are drawn to this region due to its:

  • massive population;
  • high demand for gambling;
  • growing interest in betting.

If you want to expand your wagering business, here are some standout markets to focus on in 2023:

  1. Japan. Although gambling activities are currently illegal, the country's first integrated resort with a casino will be opened in Osaka in 2029, aiming to promote tourism. The state has a strong economy, and residents have a passion for gambling and betting entertainment. According to IMARC Group, the iGaming market is expected to bring $ 10.1 billion by 2027.
  2. The Philippines. Gambling activities are legal in this state, and the turnover in the sphere exceeds $ 3 billion. The Philippines experienced a healthy post-pandemic rebound in 2022, with local casinos generating $ 3.3 billion in GGR. Wagering entertainment is deeply ingrained in the culture, making it a profitable area.
  3. India. With a massive population and a growing middle class, India's iGaming sphere is booming, estimated at $ 9 billion in turnover. The governing landscape has evolved with the introduction of self-regulatory bodies formed by web gambling businesses.

Entrepreneurs should also keep an eye on the following potential markets:

  1. South Korea. Despite restrictions, wagering revenues in the country could reach as high as $ 17.6 billion per year, with citizens frequently visiting offshore sites.
  2. Vietnam. The country's strong and growing economy, and a warming attitude towards entertainment, make it a promising market for iGaming investors. Vietnam has recently started legalising wagering activities, creating new possibilities.
  3. Malaysia. The country's fast-growing economy attracts foreign investment, and there is room for a gambling sphere, despite some restrictions. Malaysians' love of sports often translates into their wagering habits.

With Asia's vibrant markets and increasing demand for gambling, this region is a goldmine for distributors seeking significant development prospects.

Casino Market will help you launch a legal business in Asian countries with top-notch software and games. You can also open a lucrative betting site with our sportsbook script. Contact our managers to get an exclusive business offer.

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