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Ken Research: China Casino and Gambling Industry Outlook to 2019 - Growth Led by Surge in Foreign Tourists

Feb 26, 2015   11:12 IST 
India
  • China Casino and Gambling Industry is expected to reach USD 336.1 billion by 2019

  • Future Growth of China Casino and Gambling is expected to be led by Lottery sales in Mainland China, Macau and Hong Kong.

  • The market leader, Galaxy Entertainment is expected to maintain focus on Emerging Markets and towards strengthening of innovative products to compete with other players in the industry

Ken Research announced its latest publication on “China Casino and Gambling Industry Outlook to 2019 - Growth Led by Surge in Foreign Tourists” which provides a comprehensive analysis of the casino and gambling market in Mainland China, Macau and Hong Kong. The report covers various aspects such as market size of Mainland China, Macau and Hong Kong casino market, segmentation on the basis of welfare and sports lottery, types of lotteries, Ballistic Mode of lottery, by games of fortune and others. The report also highlights the major trends and developments, growth drivers, issues and challenges and the government role in China casino and gambling market. Future analysis of the industry along with its various market segments is provided on the basis of revenues over the next five years.

Gambling in China is officially illegal under Chinese law. In practice, however, Chinese people can participate in state-run lotteries and engage in legal gambling in the special administrative regions of Hong Kong and Macau, whose legal systems resemble those of European countries which formerly administered those regions (the United Kingdom and Portugal, respectively). In the case of Mainland China, the government operates two lotteries: the China Sports Lottery and the China Welfare Lottery. The Chinese government does not legally consider the lotteries a form of gambling.

According to the research report, the China Casino and Gambling Industry will grow at a considerable CAGR rate thus exceeding USD 336 billion by 2019 due to the surge in foreign tourists, rise in personal disposable income and lax government regulations.

The transition of the lottery industry from manual distribution to channels such as internet and mobile has not only created convenience for the masses in buying lottery tickets, but has also led to the increase in participation of younger and more professional masses. Online lottery purchase has become an important medium of lottery sales and has been growing exponentially in China. Furthermore, increasing payout ratios have also attracted people to purchase lottery tickets. Sports betting, that is, betting on sporting events, especially international events, has been an area where the younger section of the populace has been showing interest. Thus, technologically inclined lottery platforms have been influential in increasing lottery participation in general” according to the Research Analyst, Ken Research.

 

Key Topics Covered in the Report:

China casino and Gambling Market Introduction

China casino and Gambling Market

- Market Size by Revenue

- Market Segmentation by

----Geography

- Mainland China Casino and Gambling Market

-  Market Size by Consumption, Revenue

- Market Segmentation by

- Welfare and Sports Lottery

- Mode of Lottery

- Macau Casino and Gambling Market

- Market Size by Revenue

- Market Segmentation by

-----Games

- Macau Casino and Gambling Market

- Market Size by Revenue

- Market Segmentation by

-----Form of Gambling

- Trends and Development

- Growth Drivers

- Issues and Challenges

- Government Policies

- Company Profiles

- Future Outlook

- Macro Economic Parameters

 

Key Provinces Mentioned in the Report

- Mainland China

- Macau

- Hong Kong

 

Companies Covered in the Report

- SJM Holdings

- Wynn Macau

- Sands China

- Galaxy Entertainment

 

Related Reports:

India Video Games Market Outlook to 2018 - Rising Popularity of Mobile and Online Games to Lead Growth

The US Video Game Industry Outlook to 2017 - Transition from Console to Online and Mobile Gaming

China Toys and Games Industry Outlook to 2017 - Advent of Mobile Online Games to Accelerate Market Growth


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