Asia-Pacific casino market to nearly double by 2033, analysts say

Research and Markets has published a report on the region.

The Asia-Pacific casino gambling market is projected to grow from US$92.34bn in 2024 to US$185.2bn by 2033, according to new data from Research and Markets. Analysts said rising disposable incomes, a full tourism recovery, large-scale integrated resort (IR) development and digital transformation would contribute to an 8.04 per cent compound annual growth rate (CAGR).

Macau and Singapore remain the pillars of the region’s casino landscape. While Macau continues to dominate in gaming revenue, its reliance on VIP play is shifting toward mass-market tourism and diversified non-gaming entertainment. Singapore, meanwhile, is consolidating its position through its flagship IRs, analysts said.

Meanwhile, the Philippines, Vietnam, and South Korea are growing amid infrastructure upgrades and Japan prepares to enter the scene with its first IR in Osaka, now under construction and slated to open by 2030.

Analysts also noted digitalisation transforming gambling behaviour across the Asia-Pacific. Faster networks, smartphone penetration, live dealer games, AI-driven personalisation, and blockchain-based payments are reshaping how consumers engage with gaming, they said. Operators are balancing capital-heavy IR investments with asset-light online platforms, diversifying revenue while expanding reach among younger, mobile-first audiences.

The report also raises some concerns, including unlicensed offshore platforms exploiting legal loopholes, posing risks of fraud, underage gambling and lost tax revenues.

Research and Markets has published a report on the region. The Asia-Pacific casino gambling market is projected to grow from US$92.34bn in 2024 to US$185.2bn by 2033, according to new…