In 2024, the Asian entertainment landscape presents plenty of opportunities for both novice and established operators. This region is considered fully renewed after the pandemic and is rapidly evolving. Our experts analysed local markets and highlighted the most prospective ones. This investigation will be helpful for operators who plan to or already work in this area.
Open a profitable iGaming business in the thriving Asian region or anywhere in the world with the Casino Market team.
Results of the Investigation
Following ASEAN’s year-in-review report published in July 2023 and Statista’s analysis, the amusement sector of Southeast Asia will expand, with a coming profit of up to $1.23 billion in 2024.
Let us check the list of the best Asian countries for opening a profitable business provided by Casino Market’s team.
China
Due to the local laws, gambling is allowed only in 2 regions. The first one, Macau, is oriented on high-bet professional punters and expects to reach $26.8 billion in 2024. The second region, Hong Kong, is famous for its Jockey Club, which monopolises gaming on the isle. Mainland China provides a national lottery and sports wagering, but due to unfavourable odds and minimal offerings, punters resort to offshore services.
The Philippines
The Philippine economy is marked by the swiftest recovery from a pandemic in the Asian area. According to the report of the local regulatory body, PAGCOR, the country's amusement industry showed a GGR rate of PHP 285.27 billion, with a predictable rise to PHP 336 billion this year.
Japan
Its government started to allow casino venues in the format of “integrated resorts” in 2018. The newly formed authoritarian body issued the law with rules for operators in 2021. By 2030, the first official gambling resort should open its doors in Osaka.
India
Specialists' calculations showed that the local entertainment sector can bring in 8-10 billion annually by 2028. Due to the momentous shifts in the regulations towards legalisation and development of the local entertainment sector, 2 kinds of gambling operations were allowed. The first is web-based amusement for prizes, and the second one is online games for real cash, which must be certified by self-regulatory organisations. In 2023, GST reported a flat 28% turnover tax for online gambling, casino and horse race wagering.
The Main Things about the Best Markets of Asia in 2024
Until recently, gaming activity in Asian countries was restricted. However, following the current trends and the possibility of high gross income, governments began reconsidering their views on restrictions.
Our research highlighted 4 regions with excellent dynamics in the development of the entertainment sphere and high financial performance.
The list of the most perspective locations:
Casino Market’s experts will help you choose the best location for opening a gambling business. Contact our team to obtain licences or order a turnkey platform.
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