As per newly released data by Future Market Insights (FMI), the China Casino Tourism Market is estimated at USD 10.234 Million in 2022 and is projected to reach USD 22.30 Million by 2032, at a CAGR of 8.1% from 2022 to 2032.
| Attribute | Details |
|---|---|
| China Casino Tourism Market Estimated Size (2022) | USD 10.234 Million |
| China Casino Tourism Market Projected Size (2032) | USD 22.30 Million |
| China Casino Tourism Market Value-based CAGR (2022 to 2032) | 8.1% |
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Gambling is prohibited by Chinese law and since the Communist Party came to power in 1949. It is prohibited for Chinese nationals to engage in any type of gambling, including online gambling, gambling abroad, and operating casinos abroad with Chinese nationals as their target market. In reality, however, Chinese citizens take part in state-run lotteries, frequently visit legal gambling locations abroad or in the special administrative regions of Hong Kong and Macau, and have access to gaming through companies that are based overseas that offer online gambling and proxy betting.
It turns out that the employment of casino developments to spur much-needed infrastructure has been a little-known part of China's Belt and Road Initiative. Beijing is well aware of the behavioral traits of its populace, and it is evident from the casinos that have been operating for more than ten years on both the Cambodian and Laotian borders, which are sufficiently close to China (where gambling is prohibited) to draw visitors from the mainland).
The legalization of online gambling in China is the main factor driving the industry for this type of gambling. For the purpose of regulating and policing online poker, casinos, and sports betting businesses, the government has adopted new rules and regulations. Consumer interactions with domestic and foreign gambling websites and mobile applications are developing as a result of expanding internet access and increased urbanization. Additionally, the nationwide coronavirus illness (COVID-19) outbreak has raised interest in online gambling as a form of pleasure while upholding COVID-19 guidelines including social seclusion. Additionally, this has caused a substantial movement away from traditional land-based betting and toward the online gaming industry. On the games of roulette, blackjack, and baccarat.
Principal Consultant
Real-time streaming of banker games played in-person and digital reproductions of such games are two characteristics of online casino games. These restrictions give the state a monopoly on roulette, blackjack, and baccarat games. As more providers attempt to use the web and mobile environments to reach a broader audience during the forecast period, the market is anticipated to expand. Through social media and mobile devices, these marketers will struggle to develop a personal, non-intrusive connection with their clients. Because millennials actively avoid advertising and account for a sizable number of mobile users, marketers must produce interesting and enlightening content.
In Macau, tourism is a significant sector. It is renowned for its fusion of Chinese and Portuguese traditions as well as for its thriving gambling sector, which includes Casino Lisboa, Macau, Sands Macau, The Venetian Macao, and Wynn Macau. Due to the abundance of casinos present there, Macau has earned the nicknames Monte Carlo of the Orient and Las Vegas of the East. In fact, Macau is the only place in China where gambling is allowed; as a result, gambling tourism is the city's main source of income and the industry generates the most money globally.
In addition, Macau has a big selection of hotels, from cheap to luxurious, as well as a wide range of dining options. In addition, Macau has a big selection of hotels, ranging from cheap to luxurious, as well as a wide range of dining establishments, entertainment alternatives, and historical sites to visit. Given its tiny size and dense population, Macau has seen tremendous tourism flows.
As more operators are allegedly using online platforms to circumvent the nation's anti-gambling regulations, Chinese authorities have said they are focusing on online casinos. Due to the growing adoption of digital and mobile payments, online users and gamers now have more practical payment options. Online payment solutions are increasingly popular in the online gaming sector since they provide a safe and secure way to conduct business. Additionally, the easier and more convenient payment options lure players into the gambling sector.
Online gamblers have a wide range of alternatives for boosting and enhancing cash flow thanks to the simplicity of remote payments. Companies like PayPal and Neteller also provide online gaming e-wallet services. Neteller now offers cost-free transactions in 26 other currencies. Therefore, it is projected that the availability of safe online payment solutions will boost interest in virtual gaming.
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Punto Banco is the most preferred Game type in the China Casino Tourism market
There are three main types of baccarat: punto banco, chemin-de-fer (as portrayed by James Bond in Dr. No and Golden Eye), and baccarat banque. The overwhelming majority of gamblers in Macau like this variation. The regulations are fairly straightforward to understand and master. You can place your wager on any one of the three table positions, including Banker, Player, and Tie after the dealer has dealt six or eight decks of cards into a shoe. (Side bets exist as well, but we'll talk about those in a little.
Medium age group leads the China casino Tourism Market
The majority of the travelers will be in the 35 to 50-year-old age range. Due to the fact that gambling is primarily enjoyed by those who have extra money to spend, these individuals are more likely to gamble with it.
International Traveler is the most prominent category
Travelers from throughout the world go there to explore the rich and historic locations. One of the major contributors to the hospitality and tourism industry is the casino industry, which offers extraordinary income and profit numbers and has a significant economic impact on the area where it is located. The economic impact drives regional or international tourism expansion initiatives that draw tourists who are anticipated to buy both casino products and ancillary tourism services/experiences. The economic impact of the casino development projects completed over the previous 20 years has been a major factor in their popularity.
By providing all-inclusive bundles and creating strategies, businesses like PayPal and Neteller also provide services for online gaming and gambling e-wallets. As a result, it is anticipated that the availability of safe online payment options would increase demand for virtual gaming because it spares users the burden of having to travel across many channels for their trips. Government policies and regulations have aided businesses in modernising their service offerings, which has led to an expansion of the industry as a result of these market updates.
For Instance:
In order to investigate Macau quarterly VIP baccarat revenue, non-VIP baccarat revenue, and slot machine income, autoregressive integrated moving average (ARIMA) with intervention time-series analysis was used.
| Attribute | Details |
|---|---|
| Forecast Period | 2022 to 2032 |
| Historical Data Available for | 2017 to 2021 |
| Market Analysis | USD Million for Value |
| Key Regions Covered | Europe |
| Key Countries Covered | China |
| Key Segments Covered | Game Type, Casino Type, End Users, Tourist Type, Tour Type, Consumer Orientation, Age Group, and Region |
| Key Companies Profiled | Thrillophilia.com; Kayak; Travel Triangle; Veena World; Milesandsmilesholidays; Tripadvisor; TourRadar; Holidify Travels Pvt. Ltd.; Agoda; Yatra.com; chinadiscovery.com; Expedia, Inc. (as per request) |
| Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, Drivers, Restraints, Opportunities and Threats Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
| Customization & Pricing | Available upon Request |
The China Casino Tourism Market is currently valued at USD 10.234 Million in 2022.
The China Casino Tourism Market is currently forecasted to grow at a rate of 8.1% CAGR during the forecast period.
Driving trends in the China Casino Tourism Market are the Online gambling market to boost the tourism market.
Leading players operating in the China Casino Tourism Market are Thrillophilia.com, Kayak, Travel Triangle, Veena World, Milesandsmilesholidays, Tripadvisor, TourRadar, Holidify Travels Pvt. Ltd., Agoda, Yatra.com, chinadiscovery.com. among others.
1. Executive Summary | China Casino Tourism Market 2. Market Introduction 3. Global Tourism Industry Analysis 4. Market Dynamics 5. Market Background 6. Categorizing of Sector 2021 6.1. Current Market Analysis By Game Type (% of Demand) 6.1.1. 3 Card Poker 6.1.2. American Roulette 6.1.3. Blackjack 6.1.4. Casino Stud Poker 6.1.5. Dice 6.1.6. Punto Banco 6.1.7. Others 6.2. Current Market Analysis By Casino Type (% of Demand) 6.2.1. Commercial 6.2.2. Tribal 6.2.3. Limited Stakes 6.2.4. I-gaming 6.3. Current Market Analysis By End Users (% of Demand) 6.3.1. Gambling Enthusiasts 6.3.2. Social Exuberant 6.3.3. Dabblers 6.3.4. Lottery Loyalists 6.3.5. Unengaged Audience 6.4. Current Market Analysis By Age Group (% of Demand) 6.4.1. 18-25 Years 6.4.2. 25-35 Years 6.4.3. 35-50 Years 6.4.4. 50-65 Years 6.4.5. 65 Years and Above 6.5. Current Market Analysis By Tourist Type (% of Demand) 6.5.1. Domestic 6.5.2. International 6.6. Current Market Analysis By Gender (% of Demand) 6.6.1. Men 6.6.2. Women 6.7. Current Market Analysis By Tour Type (% of Demand) 6.7.1. Independent Traveller 6.7.2. Tour Group 6.7.3. Package Traveller 7. Competition Analysis 7.1. Competition Deep Dive 7.1.1. Thrillophilia.com 7.1.2. Expedia, Inc. 7.1.3. Kayak 7.1.4. Travel Triangle 7.1.5. Veena World 7.1.6. Milesandsmilesholidays 7.1.7. Tripadvisor 7.1.8. TourRadar 7.1.9. Holidify Travels Pvt Ltd. 7.1.10. Agoda 7.1.11. Yatra.com 7.1.12. chinadiscovery.com 7.1.13. Others (as per request) 7.2. Social Media Platforms Preferred 7.2.1. Facebook 7.2.2. YouTube 7.2.3. Instagram 7.2.4. Twitter 7.2.5. LinkedIn 7.2.6. Pinterest 7.2.7. Google+ 7.2.8. Others 8. Assumptions and Acronyms Used 9. Research Methodology
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China Casino Tourism Market
