Good Morning. The appetite for gambling within the Asia-Pacific region is not going away. A recent study opines that the CAGR could grow in excess of 6 percent in the next five years, as desire for both land-based and online gaming continue to increase. Meanwhile, Thailand’s potential gaming framework is going through the rounds, with a possible 5 percent limit on casino spaces in IRs. And in Macau, recent visa policies announced by China are set to have a strong impact, even as other jurisdictions miss out.
In observance of the holiday tomorrow, AGB will return to its normal publication schedule on Thursday, May 16th.
What you need to know
- APAC gambling market to register a CAGR exceeding 6 percent from 2024 to 2029 a recent consultancy report estimates
- Thai government mulls 5% cap on casino space in entertainment complexes, extending the study period by two weeks.
- Recent visa expansions and economic integration initiatives seen as significant boost for the Macau gaming industry: analyst.
On the radar
- CLSA raises SJM’s 2024 EBITDA forecast by 9.3% following strong 1Q24.
- Queensland’s April gaming tally up 8.6% yearly.
- SEA emerges as key hub for transnational crime from China: report.
- Korea clamps down on gambling businesses exploiting legal loophole.
AGB Intelligence
APAC
Gambling market to see CAGR of 6% from 2024-2029
The Asia-Pacific gambling market is only expected to grow, with new estimates by Mordor Intelligence indicating a 6 percent compound annual growth rate between 2024 and 2029. The figure is based on solid growth within Macau, Singapore and the Philippines, as well as a strong online component. The analysts also particularly note the growth of the market in India, also prone to the continuing shift to mobile play.
Corporate Spotlight
CDNetworks rapidly expanded in 2023, offering scrubbing service with over 15 Tbps capacity
CDNetworks, the APAC-leading network to deliver edge as a service, announced it rapidly expanded its global network of scrubbing centers in 2023, offering services with a capacity exceeding 15 Tbps, helping organizations boost availability, enhance resiliency, and secure the digital experience.
A complete guide to the 1xBet affiliate program
1xBet, a leading global betting company, introduced its affiliate program in 2016, quickly becoming renowned within the industry and earning recognition at the SBC Awards.
Industry Updates
- Alpha Odds increased profits for operators across UEFA Euro 2024.
- Commemorating the success of Bingo Milyonaryo launch.
