The Thai gambling business may soon reach new heights as local politicians advocate for permitting integrated casino resorts (ICR). With this decision, the officials aim to drive revenues to the country’s tourism and related spheres.
Benefits of Opening Gambling Complexes in Thailand
Regional analysts predict that if implemented, the idea of legalising Thai ICRs could make the state a leader in the gambling market in Asia. The chances of overtaking the GGR of the Singapore casino segment are high, which is a very impressive benchmark. That is why the lawmakers of Thailand strive to officialise the decision as quickly as possible.
The politicians hurry to open a premier resort before the launch of the Japanese gambling complex MGM Osaka. The latter is set to welcome its first guest in 2030 and can generate around $ 3.2 billion in GGR.
If approved, Thai ICRs could:
- attract over $ 10 billion in foreign investment;
- present more than thousands of job positions;
- deliver a 52% increase in average tourist spending.
The country plans to issue 5−8 licences for such entertainment establishments. The possible locations for these facilities comprise the capital, Phuket, and the EEC (Eastern Economic Corridor). Many operators already showcased interest in the idea. For instance, representatives of the Malaysia gambling market, including Genting Berhad, pay close attention to how events develop.
US brands also keep up with the news. Among these enterprises are:
- MGM;
- Wynn Resorts;
- Las Vegas Sands, etc.
The success of Thai gambling complexes will depend on several factors. The most significant include the state’s measures to attract leading operators and other Asian jurisdictions' competitive efforts. Another critical factor is how the country plans to shape unique gaming experiences, blending world-class amusement with local culture.
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