Outlook | September 21, 2023 | GC Editorial, Research & Data
This report is part of Vixio GamblingCompliance’s Outlook series, which provides subscribers with forward-looking insights, data analysis and consolidated research on key segments of the global gambling industry. This edition is designed to provide high-level intelligence and forecasts for the Asian online gambling market, as it navigates ongoing damage, dislocation and opportunity from the coronavirus pandemic, and as major emerging markets balance forces supporting prohibition or liberalisation.
2025: The year Philippine regulator and casino operator PAGCOR promises to divest itself of all casino operations.
This outlook report includes:
- A detailed look at the combustible tax situation in India, with online gaming still in the balance.
- The latest policy points from around the region, including controversy in the Philippines.
- Data analysis and market forecasts for racing in Hong Kong and Evolution's growing Asian presence.
Evolution Continues Asian Ascent B2B live dealer specialist Evolution Gaming’s ascent to become one of the largest gambling companies in the world by market capitalisation has been supported by meteoric growth in Asia, which is set to overtake Europe as the group’s largest regional segment by the end of this year. The Swedish-listed group generated revenue of €318.5m (US$340.4m) from partnerships in the region during the first half of 2023, up 48.6 percent year-on-year and almost seventeen-fold from the €18m reported just four years prior in the first half of 2019. Group chief executive Martin Carlesund told analysts during a Q1 earnings call in April that this growth reflected Evolution taking market share more so than any secular growth in Asian online casino revenue, with baccarat remaining the most popular game among live casino players in the region.