Tag: Asia

The “Asia-Pacific Sports Betting Market Size, Share & Trends Analysis Report by Platform, Type, Sports Type (Football, Basketball, Baseball, Horse Racing, Cricket, Hockey, and Others), Region, and Segment Forecasts, 2024-2030” report has been added to ResearchAndMarkets.com’s offering.

The Asia Pacific sports betting market size is anticipated to reach USD 60.34 billion by 2030. The market is expected to expand at a CAGR of 11.5% from 2024 to 2030. The increasing penetration of the internet and smartphones drives the demand for sports betting in the Asia Pacific. The accessibility and convenience offered by these technologies have led to a surge in online sports betting platforms, attracting a wide range of enthusiasts from diverse demographics. In addition, the rise of digital payment systems has facilitated seamless transactions, encouraging more individuals to participate in sports wagering activities.

The COVID-19 pandemic negatively impacted the Asia Pacific sports betting market due to the widespread cancellation or postponement of sporting events across the globe due to lockdowns, travel restrictions, and social distancing measures implemented to restrain the spread of the virus. For instance, the Olympic Games Tokyo 2020, initially scheduled for 24 July to 9 August 2020, was postponed due to the pandemic. The postponement of such big sporting events restrained the growth of the Asia Pacific sports betting market during the pandemic.

Moreover, the growing popularity of alternative betting options such as virtual sports, esports, and fantasy sports has diversified the offerings within the sports betting market, appealing to a broader audience base. As these non-traditional forms of betting gain traction among younger demographics, sports betting operators are investing in expanding their product portfolios to cater to evolving consumer preferences and market trends. The fantasy sports platforms allow users to create virtual teams composed of real-life athletes and compete against each other based on the players’ actual performance in sporting events. These alternative betting options enhance the overall betting experience and offer opportunities for bettors to engage with sports in innovative and interactive ways, thus fueling the growth of the sports betting industry in the Asia Pacific region.

Asia Pacific Sports Betting Market Report Highlights

• Based on the type of betting, the fixed odd wagering segment accounted for the highest revenue share of 24.7% in 2023 owing to the increasing popularity of fixed odds wagering due to the transparent way of betting based on the odds set by bookmakers, which allows bettors to choose from various options
• Based on the platform, the online segment dominated the market in 2023 and is also expected to grow at a significant CAGR over the forecast period. This shift towards online sports betting in the Asia Pacific can be attributed to secure payment options and the ability to manage accounts online
• In terms of sports type, the horse racing segment accounted for the largest revenue share in 2023. The increasing globalization of horse racing events and the integration of international races into local betting markets have contributed to the expansion of sports betting on horse racing in the Asia Pacific
• China held the largest share of 22.8% in the Asia Pacific region in 2023 and is expected to grow at a significant CAGR during the forecast period. Moreover, the liberalization of gambling regulations in some areas of China, such as Macau and Hainan Island, has created new opportunities for the growth of sports betting

Key Attributes:

Key Topics Covered:

Chapter 1. Methodology and Scope

Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Segment Outlook
2.3. Competitive Insights

Chapter 3. Asia Pacific Sports Betting Market Variables, Trends & Scope
3.1. Market Lineage Outlook
3.1.1. Parent market outlook
3.1.2. Related/ancillary market outlook
3.2. Market Dynamics
3.2.1. Market driver analysis
3.2.1.1. Increasing adoption of mobile phones and rising internet penetration
3.2.1.2. Growing number of sporting events and leagues
3.2.2. Market restraint analysis
3.2.2.1. High competition from international as well as domestic companies
3.2.3. Market opportunity analysis
3.2.3.1. Increase in the disposable of middle-income groups
3.3. Asia Pacific Sports Betting Market Analysis Tools

Chapter 4. Asia Pacific Sports Betting Market: Platform Estimates & Trend Analysis
4.1. Platform Market Share, 2023 & 2030
4.2. Segment Dashboard
4.3. Asia Pacific Sports Betting Market by Platform Outlook
4.4. Market Size & Forecasts and Trend Analyses, 2018 to 2030 for the following
4.4.1. Offline
4.4.2. Online

Chapter 5. Asia Pacific Sports Betting Market: Type Estimates & Trend Analysis
5.1. Type Market Share, 2023 & 2030
5.2. Segment Dashboard
5.3. Asia Pacific Sports Betting Market by Type Outlook
5.4. Market Size & Forecasts and Trend Analyses, 2018 to 2030 for the following
5.4.1. Fixed odds wagering
5.4.2. Exchange Betting
5.4.3. Live/In Play Betting
5.4.4. eSports Betting
5.4.5. Others

Chapter 6. Asia Pacific Sports Betting Market: Sports Type Estimates & Trend Analysis
6.1. Sports Type Market Share, 2023 & 2030
6.2. Segment Dashboard
6.3. Asia Pacific Sports Betting Market by Sports Type Outlook
6.4. Market Size & Forecasts and Trend Analyses, 2018 to 2030 for the following
6.4.1. Football
6.4.2. Basketball
6.4.3. Baseball
6.4.4. Horse Racing
6.4.5. Cricket
6.4.6. Hockey
6.4.7. Others

Chapter 7. Asia Pacific Sports Betting Market: Regional Estimates & Trend Analysis
7.1. Regional Market Share Analysis, 2023 & 2030
7.2. Regional Market Dashboard
7.3. Global Regional Market Snapshot
7.4. Market Size, & Forecasts Trend Analysis, 2018 to 2030:
7.4.1. China
7.4.2. India
7.4.3. Japan
7.4.4. South Korea
7.4.5. Australia
7.4.6. Philippines

Chapter 8. Competitive Landscape
8.1. Recent Developments & Impact Analysis, By Key Market Participants
8.2. Company/Competition Categorization
8.3. Vendor Landscape
8.4. Company Profiles

• Dafabet
• SBOBET
• 1xBet
• TAB
• CrownBet
• UBET
• Sports Toto Malaysia
• Mansion88
• 12BET
• W88

For more information about this report visit researchandmarkets.com

Honor of Kings, a multiplayer online battle arena (MOBA) title developed by Level Infinite (Tencent), is likely to launch in India in June 2024.

The launch will take place via a rebrand of Clash of Titans, an existing MOBA available in India that is published by Actoz SG, a Singapore-based publisher. Actoz SG and its parent, the Korea-based Actoz Soft, are reportedly controlled by the China-based Shengqu Games. Our past research showed that Tencent had signed an agreement with Actoz SG to operate the game in India, after Arena of Valor was banned by regulators.

Currently, Honor of Kings is available in regions including MENA, Turkey, Eastern Europe, and South Asia (excluding India). The move to publish Honor of Kings through the Singapore entity is likely being taken to satisfy the Indian government’s concerns over data privacy and national security.

Since 2020, India has banned several Chinese-owned or developed games, including Battlegrounds Mobile India (BGMI). However, the ban on the battle royale title has since been lifted, with BGMI being published via South Korea’s Krafton.

Source: Nico News

On March 14th, according to Chinese media outlet Jiemian News, ByteDance announced through an internal letter that after strategic positioning adjustments, its gaming business will return to the incubation stage. The core of the next phase is to patiently manage stable operations and continue to explore with a mission and vision in a manner consistent with industry development laws.

In terms of organizational structure, ByteDance’s human resources head, Hua Wei, will serve as the head of the gaming business, managing UGC (user-generated content), Moonton, and Nuverse. The former head of Nuverse, Yan Shou, will be transferred to the company’s finance department. UGC is a newly established secondary department, with Luo Ji serving as the department head, reporting to Hua Wei. The former heads of the Block project, Dai Junyi, and the Cell team, Sky, will report to Luo Ji. The former head of ONE distribution studio, Hector, will continue to be responsible for Nuverse’s agency products, with former game technology head Jeffrey and former global business head Rachel Lin reporting to Hector. Hector also reports to Hua Wei.

ONE distribution studio is a studio established by Nuverse in 2022 after integrating domestic and foreign businesses. The heads of Oasis Studio, Wang Kuiwu, and Youai Division, Hu Bing, both report to Hua Wei. This studio evolved from ByteDance’s early “Oasis Plan”, focusing on RPG (role-playing games), strategy, shooting, European and American casual, and card sports games.

The new structural adjustment signifies the end of the “Yan Shou era” in ByteDance’s gaming business.

Yan Shou joined ByteDance’s strategic investment department from Tencent in 2015 and became the head of the business when ByteDance entered the gaming business in 2019. He later served as the head of Nuverse. Since then, the entire ByteDance’s self-developed and agency gaming business has been managed by Yan Shou.

The newly appointed head of the gaming business, Hua Wei, joined ByteDance in 2014, was in charge of investment business, later took on human resource management work, and was responsible for the company’s organization and culture building.

Established in 2019, Nuverse is ByteDance’s game development and distribution business brand. Like ByteDance’s emphasis on globalization, Nuverse also started the internationalization process early. Its overseas releases “RO Wonderland Legend: The Birth of a New Generation” and the Marvel IP card mobile game “MARVEL SNAP” have achieved some success, with “MARVEL SNAP” even winning the 2022 TGA Best Mobile Game Award.

In the domestic market, “Crystal Core”, launched by Nuverse in July last year, is considered its first “hit” self-developed game. Qimai data shows that “Crystal Core” achieved nearly 70 million yuan in revenue on the iOS platform in the first week of its launch and dominated the top ten best-selling list of the App Store for nearly a month.

Unexpectedly, four months later, Nuverse began a large-scale business contraction: seeking to divest games that had been launched and performed well while ensuring operations; for projects that have not yet been launched, except for a few innovative projects and related technical projects, all were shut down.

According to a person close to ByteDance, the contraction action was a decision made after Yan Shou and ByteDance CEO Liang Rubo had discussed it for a long time. Liang Rubo believes that although the gaming business has achieved some success, it has been pursuing “big and complete” for the past few years, with unfocused projects and scattered resources. It should invest energy and resources into more basic, more innovative, and more imaginative projects.

Moonton is a game company that ByteDance acquired for about 4 billion US dollars. After Nuverse’s significant contraction, there were rumors that ByteDance was seeking to sell Moonton Technology for no less than 5 billion US dollars and hired Goldman Sachs as a financial advisor to help find and contact potential buyers.

An insider from Moonton told Jiemian News that Moonton is currently not for sale and is still a wholly-owned subsidiary of ByteDance. Even with the structural adjustments, Moonton still maintains independent operations, and its business has not been affected.

Source: Niko News / pandaily.com

The Abu Dhabi Investment Office (ADIO) announced today that it is supporting leading Arabic mobile games publisher Tamatem Games in relocating its headquarters to Abu Dhabi. This move will fuel Tamatem Games’s next growth phase and reinforce the Emirate’s gaming ecosystem.

Abu Dhabi’s gaming landscape has over 70 content-creating companies, and ADIO aims to support this ecosystem through strategic collaborations in line with Abu Dhabi’s focus on innovation and technology. ADIO recently collaborated with Ubisoft, one of the world’s largest video gaming companies, which develops, publishes, and distributes games for consoles, PCs, and mobile.

ADIO is providing growth-enabling support including setup enablement, connections to the Abu Dhabi ecosystem and international trade opportunities.

Badr Al-Olama, Director General of ADIO, said: “With an enabling environment, world-class ICT infrastructure and a vast pool of skilled talent, Abu Dhabi is becoming a global destination for the brightest minds in technology and design in the wider region. This is evident especially in sectors such as gaming, in which Abu Dhabi is steadily building an epicentre for developers, publishers and the industry’s top talent. Our collaboration with global leaders in the sector adds further depth to this growing and exciting ecosystem, and it also enables us to nurture the growth of Arabic content games from Abu Dhabi.”

Tamatem Games specialises in bringing culturally relevant and localised games to the Arabic language gaming community, with a diverse portfolio of over 50 games and 150 million downloads. Through its collaboration with ADIO, the company is looking to establish its centre of excellence in the Emirate. It will join a growing ecosystem that is steadily working towards establishing itself as a regional e-gaming centre, and, to date, is the largest community of gaming companies in the region. The company will employ over 40 gaming specialists in Abu Dhabi and will collaborate closely with local universities on internship and training opportunities.

Hussam Hammo, CEO of Tamatem Games said: “We are thrilled to choose Abu Dhabi as our strategic partner for growth and innovation. This expansion marks an exciting phase for Tamatem Games as we extend our reach and elevate our games to new horizons. With Abu Dhabi’s dynamic ecosystem and commitment to nurturing talent, we are confident in our ability to make a lasting impact on the global gaming landscape.”

MENA gaming revenues are projected to hit USD 6bn by 2027. The UAE, Saudi Arabia and Egypt’s combined gaming markets are expected to reach more than USD 3bn in revenues by 2025.

Source: Niko News / gamesmea.com

Lingxi Games, Alibaba Group’s video games arm, has told staff its leadership team will step down to make way for younger management, according to an internal memo.

Since last year, Alibaba has focused on promoting younger people born after 1985 to management teams – a strategy it says will help the tech giant maintain a startup mindset and prevent it from getting stuck in old ways. The policy is part of a sweeping restructuring that has seen it adopt a holding company management model and split its business into six main units.

Alibaba’s domestic e-commerce, cloud and local services divisions have also seen changes in leadership in the past year.

Zhan Zhonghui, the head of the Lingxi Games, said in a company-wide email seen by Reuters that he and two other executives will step down by the end of March. Zhou Bingshu, an experienced game producer, will take over. Zhan is about 50 years of age and Zhou is in his mid-30s, according to a source with knowledge of the matter who was not authorised to speak to media and declined to be identified.

Alibaba did not immediately reply to a Reuters request for comment.

Lingxi Games is best known for the mobile game “Three Kingdom Tactics” released in 2019 and produced by Zhou. The strategy game, in which players compete to build empires, made more than $1 billion in revenue in the first two years after its release, according to market research firm SensorTower.

Zhan founded Guangzhou Ejoy in 2011 after working at NetEase Inc for more than a decade, where he had served as chief operating officer. Ejoy was acquired by Alibaba in 2017 at a valuation of $1 billion and became Lingxi Games.

Source: saltwire.com