Good morning. Thailand. Just the name evokes happiness. And what more could a punter want. Executives at Galaxy have been quick to seize upon the opportunity, dialing into the bidding process for an IR license even as authorities aim to finalize legislation. Meanwhile, in the Philippines, Belle Corp has finally publicly decided that it’s going to pursue its interests in Clark, lauding its possibilities. And in Macau, mainland Chinese authorities warn of potential misuse of projects in neighboring Hengqin, aiming to steer regional development towards its goals.
What you need to know
- Galaxy Entertainment could begin the bidding process for an IR license in Thailand by issuing an RFP as early as mid-2025.
- Belle Corp finds Clark to be “strategic location” for further integrated resort development, expanding the group’s possibilities.
- Beijing warns against developing projects in Hengqin that don’t align with the central government’s economic goals for Macau.
On the radar
- Melco keen on Thai gaming license, aims to develop ‘soft power’ talent.
- Light & Wonder appoints Simon Johnson as CEO of its iGaming division.
- Asia remains a focal point for match-fixing concerns, says Sportradar.
- G2E Asia promises Macau gaming still a focus, despite non-gaming push.
- 400 foreign workers detained in POGO-like raid in Parañaque.
- LET Group trading suspension continues amid operational challenges.
AGB Intelligence
THAILAND
Galaxy dials in on Thailand, to bid on license mid-year
The race to Thailand has more than kicked off, with any operator worth their salt, and with the money in pocket, vying for a foothold in Asia’s most exciting new market. Macau’s Galaxy Entertainment Group is no fool either, having already pursued multiple projects throughout Asia. But potentially this could be the one, with the group preparing a Request For Proposal as early as mid this year. But the industry is still waiting on tenterhooks to see what will happen, despite assurances the nation will push through with legalization.
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