Casino Resorts May Be Coming to Thailand
LISTEN TO THIS ARTICLE:It has been reported that Thailand is moving forward with plans to build land-based casino resorts as it faces competition from other countries in the region, such as Japan, South Korea, and Macau.
The reports suggest that a number of high-profile operators, such as MGM Resorts International and Galaxy Entertainment, have formed a group that has been providing advice to the Thai government on how to go about developing a gambling framework that would allow resorts and help increase tourism.
The group was formed during Thailand’s last legislative session and reportedly held discussions with a Thai parliamentary committee. There have also been reports that Las Vegas Sands, Melco Resorts & Entertainment, Genting and Wynn Resorts have all expressed interest in building resorts in the country.
It is thought that Thai policymakers will be able to move faster than their Japanese counterparts and that they have already created a potential gaming law that could be passed within a year. This means that the first casino resorts could open their doors by 2030.
If the reports prove to be accurate, then Thailand is likely to be a hugely appealing market for operators, especially as more restrictions are being introduced in Macau.
However, developing resorts in Thailand will not be cheap, especially as companies will have to start from scratch. On the other hand, the country is unlikely to introduce limits like those found in Japan, where only three resorts are planned. As a result, the country may be able to build a large casino infrastructure in a relatively short period.
Thailand is not the only country reportedly considering a law change. The United Arab Emirates is also expected to allow gambling at casino resorts and Wynn Resorts and Galaxy are known to be serious about expanding into the Middle East market. Wynn Resorts has already been confirmed to be building the country’s first casino resort, which will open in 2027.
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