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Huge crowd piles pressure on Dutch government to seek an end to Israel's campaign in Gaza
Do you support the eradication of Israel? -
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THAILAND LIVE Thailand Live Wednesday 21 May 2025
MGM Resorts Eyes $3-5 Billion Investment in Bangkok Casino Photo courtesy of Macau Daily Times MGM Resorts International is advocating for Thailand to establish a competitive casino tax rate similar to Singapore’s and to permit a substantial local presence in casino complexes. This move is part of a broader strategy to boost tourism and stimulate economic growth in Thailand, with the company considering a hefty investment of US$3-5 billion in a potential casino development in Bangkok. Full Story: https://aseannow.com/topic/1361333-mgm-resorts-eyes-3-5-billion-investment-in-bangkok-casino/ -
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Economy MGM Resorts Eyes $3-5 Billion Investment in Bangkok Casino
Photo courtesy of Macau Daily Times MGM Resorts International is advocating for Thailand to establish a competitive casino tax rate similar to Singapore’s and to permit a substantial local presence in casino complexes. This move is part of a broader strategy to boost tourism and stimulate economic growth in Thailand, with the company considering a hefty investment of US$3-5 billion in a potential casino development in Bangkok. Ed Bowers, MGM Resorts' President of Global Development, stressed the importance of aligning emerging markets with regional competitors by adopting attractive casino tax rates. Singapore, with a 17% tax on casino gross gaming revenue, serves as a model for MGM Resorts, while Macau and Japan impose significantly higher rates of 40% and 30%, respectively. Bowers pointed to examples in South Korea, where casino resorts have struggled due to restrictions on local visitors. A particular resort in Incheon is reportedly for sale due to financial difficulties stemming from low local patronage. Bowers also emphasised the necessity of setting reasonable entry fees for locals visiting Thai casinos, suggesting a rate similar to Japan’s 1,400 baht. He underscored that a well-regulated casino industry can address gambling-related issues and generate funds for public programs through taxes. The economic advantages of developing casino resorts, such as job creation, are a central component of MGM Resorts’ investment strategy. These resorts not only boost tourism and local economies but can also contribute to managing gambling challenges. In terms of site selection, Bowers indicated a preference for large-scale casino resorts in Bangkok, given its appeal to international tourists. He argued that while a single large integrated resort might suffice for a major city, smaller facilities could support more casinos in Bangkok. Ideal investment locations for MGM Resorts include areas with significant population density, easy airport access, and robust public infrastructure, alongside being iconic tourist destinations. Bowers noted that Thailand’s draft for entertainment complexes, which limits casino space to 10% of the total area, is reasonable compared to Japan’s 3% cap and Singapore’s sub-5% allocation. MGM Resorts is targeting a 5-10% casino space allocation depending on government policy and market demand. For context, in locations like Philadelphia, due to high tax rates, a larger casino area is often required. Conversely, in competitive markets like Las Vegas, less than 10% of space is devoted to casinos. He cited Singapore’s oligopoly model, where two major resorts generate substantially more gaming revenue than multiple resorts in Las Vegas. MGM Resorts, renowned for its integrated resorts globally, operates in locations including Macau and is set to launch MGM Osaka by 2030. The company is seriously considering expanding into Thailand’s emerging market with a significant casino investment. Adapted by ASEAN Now from The Thaiger 2025-05-21 -
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Relationship Dynamics: Ladyboys vs Women in Thailand?
Those poor souls would be hermaphrodites. -
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Report Thailand Eases Alcohol Laws Amid Concerns Over Safety Impact
I noticed that San Miguel seems to be on draft in a lot of places there. Finding the regular draft beers from Hanoi and Saigon wasn't easy in Da Nang (unfortunately). -
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Huge crowd piles pressure on Dutch government to seek an end to Israel's campaign in Gaza
VATICAN CITY (Reuters) -Pope Leo XIV on Wednesday appealed for Israel to allow humanitarian aid to enter the Gaza strip, calling the situation in the Palestinian enclave "yet more worrying and saddening". "I renew my appeal … to allow for the entry of fair humanitarian help and to bring to an end the hostilities, the high price of which is paid by children, the elderly and the sick," the pope said during his weekly general audience in St. Peter's Square. Pope Leo appeals for Israel to allow humanitarian aid in Gaza
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