GameOn - Go-Intel Report Asia-Pacific Frontier
Gaming’s Engine Room
The Asia-Pacific (APAC) region has emerged as the global engine room for iGaming and interactive gambling. As we head into 2025, this frontier encompasses more than two-thirds of the world’s population and includes some of the most digitally connected societies on Earth.
Countries across South, East, Southeast Asia, and Oceania combine youthful demographics,
rapid mobile adoption, and an appetite for gaming entertainment that far exceeds other regions. Yet the diversity of regulation, culture, and economic development creates a complex mosaic.
To capitalise on this opportunity, investors and operators must navigate a patchwork of legal frameworks ranging from fully liberalised licences in the Philippines to outright prohibitions in Indonesia and tight controls in Singapore.
MARKET SIZE AND GROWTH
Te Asia-Pacific online gambling market is ex- panding rapidly. According to Market Data Forecast, the regional market was valued at US$18.53bn in 2024 and is projected to reach US$20.91bn in 2025, representing a compound annual growth rate (CAGR) of 12.77 per cent during 2025-2033.
Other industry sources report even higher figures. Altenar’s July 2025 briefing notes the market at US$35.99bn in 2023, projecting it to reach US$72.81bn by 2030. Tese variations reflect differences in methodology and the inclusion or exclusion of grey-market wagering. Regardless of precise estimates, there is broad consensus on double-digit growth across most markets—driven by digital adoption, rising disposable incomes, and regulatory liberalisation.
168 KEY GROWTH DRIVERS
Mobile connectivity is the foundation of APAC’s iGaming expansion. By early 2025, India alone counted 1.12 billion mobile connections, repre- senting 76.6 per cent of its population, while In- donesia recorded 356 million mobile connections, equivalent to 125 per cent of its population.
South and Southeast Asian countries often leapfrog fixed-line infrastructure, moving straight to mobile broadband. More than 92 per cent of India’s con- nections are 3G/4G/5G, and over 96 per cent of Indonesian connections are broadband.
Affordable smartphones, widespread e-wallet adoption, and ubiquitous mobile data packages mean that more than 70 per cent of APAC online gamblers now access platforms via mobile devices.
Payment innovation is also accelerating growth. Te Philippines is home to 73 million e-wallet users, with adoption rates exceeding 87 per cent, while Indonesia leads Southeast Asia with 92 per cent of respondents using e-wallets.
REGULATORY PATCHWORK
APAC’s regulatory landscape spans everything from liberal licensing regimes to outright bans. In the Philippines, the Philippine Amusement and Gaming Corporation (PAGCOR) licenses both land-based casinos and electronic gaming, gen- erating ₱410.5bn GGR in 2024 and projecting ₱450-480bn in 2025.
Macau remains the world’s largest land-based casino hub. Its six operators generated MOP 118.77 billion (US$14.69bn) in GGR during the first half
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