Reference
·Primary source
Macau, Singapore, Manila gross gaming revenue comparison (2024)
Macau ~USD 28B, Singapore ~USD 4.8B, Manila ~USD 5.7B
Macau remained the largest Asian gaming market at approximately USD 28 billion in gross gaming revenue (GGR) in 2024 per Macau Gaming Inspection and Coordination Bureau (DICJ) data, recovering from the post-COVID trough but still below the pre-pandemic peak of USD 36 billion. Manila reached roughly USD 5.7 billion per Philippine Amusement and Gaming Corporation (PAGCOR) tallies, overtaking Singapore for the first time. Singapore's two integrated resorts (Marina Bay Sands, Resorts World Sentosa) generated approximately USD 4.8 billion. The benchmark frames Thailand's addressable opportunity at roughly USD 5-9 billion in a steady-state mature scenario.
Figure in context
Macau remained the largest Asian gaming market at approximately USD 28 billion in gross gaming revenue (GGR) in 2024 per Macau Gaming Inspection and Coordination Bureau (DICJ) data, recovering from the post-COVID trough but still below the pre-pandemic peak of USD 36 billion. Manila reached roughly USD 5.7 billion per Philippine Amusement and Gaming Corporation (PAGCOR) tallies, overtaking Singapore for the first time. Singapore's two integrated resorts (Marina Bay Sands, Resorts World Sentosa) generated approximately USD 4.8 billion. The benchmark frames Thailand's addressable opportunity at roughly USD 5-9 billion in a steady-state mature scenario.
Interpretation notes
What this tells you
Macau remained the largest Asian gaming market at approximately USD 28 billion in gross gaming revenue (GGR) in 2024 per Macau Gaming Inspection and Coordination Bureau (DICJ) data, recovering from the post-COVID trough but still below the pre-pandemic peak of USD 36 billion. Manila reached roughly USD 5.7 billion per Philippine Amusement and Gaming Corporation (PAGCOR) tallies, overtaking Singapore for the first time. Singapore's two integrated resorts (Marina Bay Sands, Resorts World Sentosa) generated approximately USD 4.8 billion. The benchmark frames Thailand's addressable opportunity at roughly USD 5-9 billion in a steady-state mature scenario.
What not to do with it
Values in USD billion gross gaming revenue. Thailand steady-state opportunity sized at roughly USD 5-9B based on bidder business plans and consultancy modelling.
Related figures
Adjacent numbers that add context without drowning the value.
Thailand underground gambling market estimate
Chulalongkorn University Centre for Social Development Studies, Royal Thai Police Bureau, Office of the National Anti-Corruption Commission
Thailand Entertainment Complex Bill legislative timeline
Royal Thai Government Gazette, Ministry of Finance Entertainment Complex policy paper, Bangkok Post legislative tracking
Thailand entertainment complex bidder cohort capital signal
Bangkok Post entertainment complex coverage, Reuters Asia gaming, Galaxy/MGM/Sands/Wynn/Genting/Melco investor disclosures
Cross-border casino leakage to Poipet, Cambodia
Cambodia Ministry of Tourism, NagaCorp Hong Kong listing disclosures, Chulalongkorn University border economy studies
Thailand entertainment complex projected tax revenue (mature state)
Ministry of Finance Entertainment Complex policy paper, Bank of Thailand fiscal analysis, Bangkok Post coverage of Cabinet briefings