Thailand Eyes $9 Billion Jackpot with Casino Ambitions

[snoop1130]

File photo for reference only

 

Thailand is on track to become a global gaming hotspot with ambitious plans to establish a lucrative casino industry. The country aims to tap into billions of dollars in revenue while boosting its thriving tourism sector. However, experts caution that success hinges on effective regulation, something that has previously been a challenge, as seen with the mishandled cannabis legalization in 2022.

 

Fredric Gushin from Spectrum Gaming Group, who helped Singapore develop its successful casino industry, stated, "They want a transparent process that will protect their investment with appropriate regulation. This is a once-in-a-generation opportunity."

 

Thailand's potential to surpass Singapore’s glamorous casinos is being touted, with big players like Las Vegas Sands Corp, MGM Resorts International, and Galaxy Entertainment possibly showing interest. Though none of these companies have commented yet, Thailand remains a promising contender.

 

 

To attract such industry giants, Thai authorities must ensure fairness, avoid favoring domestic players, and maintain a competitive development process. Last month, the cabinet approved a draft law to legalize gambling in entertainment complexes to bolster the economy, with GDP growth expected to be below 2.9% this year.

 

The draft legislation, which is still under wraps, proposes a new commission to regulate gaming and collaborate with investors to establish these complexes. According to Citi, Thailand's gross gaming revenue could reach $9.1 billion at full capacity, putting it ahead of Singapore.

 

With its casinos nestled in vibrant resorts, Singapore saw its casino sector as the fastest-growing in tourist receipts in 2024. Now, Thailand hopes to replicate that success on a grander scale, reported Thai PBS World.

 

-- 2025-02-12

 

 

[bokningar]

1 hour ago, snoop1130 said:

To attract such industry giants, Thai authorities must ensure fairness, avoid favoring domestic players, and maintain a competitive development process

So not different prices for Thai and foreigners then?

[CMFarang]

" something that has previously been a challenge, as seen with the mishandled cannabis legalization in 2022. "

I thought the legalization of cannabis was done perfectly until it was Legislated to death. I guess to many players watered down the Get Rich fantasies of the fat cats who wanted a big slice of that pie.