China Casino Tourism Market

China Casino Tourism Market Outlook (2022 to 2032)

[250 Pages Report] As per newly released data by Future Market Insights (FMI), the China Casino Tourism Market is estimated at US$ 10.234 Million in 2022 and is projected to reach US$ 22.30 Million by 2032, at a CAGR of 8.1% from 2022 to 2032.

Attribute	Details
China Casino Tourism Market Estimated Size (2022)	US$ 10.234 Million
China Casino Tourism Market Projected Size (2032)	US$ 22.30 Million
China Casino Tourism Market Value-based CAGR (2022 to 2032)	8.1%

2017 to 2021 China Casino Tourism Market Outlook Compared to 2022 to 2032 Forecast

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).

New Rules and Regulations for China to Boost the Casino Tourism Market

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.

Online Gambling Marketing Trend to Boost the Casino Tourism Market

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.

Country-wise Insight

Macau became one of the richest cities in the world because of casinos.

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.

The ease of using online payment methods will help to grow the Chinese online gambling software industry.

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.

Category-wise Insights

Which is the most preferred Game Type in the China Casino Tourism market?

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.

Which age group of Tourists is Preferred in the China Casino Tourism market?

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.

What Tourist Type is Famous Amongst Tourists in the China Casino Tourism market?

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.

Competitive Landscape

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.

Scope of Report

Attribute	Details
Forecast Period	2022 to 2032
Historical Data Available for	2017 to 2021
Market Analysis	US$ 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 by Category

By Game Type:

• 3 Card Poker
• American Roulette
• Blackjack
• Casino Stud Poker
• Dice
• Punto Banco
• Others

By Casino Type:

• Commercial
• Tribal
• Limited Stakes
• I-gaming

By End Users (% of Demand):

• Gambling Enthusiasts
• Social Exuberant
• Dabblers
• Lottery Loyalists
• Unengaged Audience

By Tourist Type:

• Domestic
• International

By Tour Type:

• Independent Traveller
• Package Traveller
• Tour Group

By Consumer Orientation:

• Men
• Women

By Age Group:

• 15-25 Years
• 26-35 Years
• 36-45 Years
• 46-55 Years
• 66-75 Years

Frequently Asked Questions

What is the current market value of the China Casino Tourism market?

The China Casino Tourism Market is currently valued at US$ 10.234 Million in 2022.

What is the forecasted growth rate for the China Casino Tourism market?

The China Casino Tourism Market is currently forecasted to grow at a rate of 8.1% CAGR during the forecast period.

What are the key trends driving the China Casino Tourism market?

Driving trends in the China Casino Tourism Market are the Online gambling market to boost the tourism market.

Who are the leading players in the China Casino 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.