Thursday, May 9, 2024

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UAE IR project investment could reach $900M, Thailand under analysis: Wynn CEO

Wynn Resorts' Chief Executive Officer, Craig Billings, revealed recently that the group's Wynn Al Marjan project in the UAE should absorb almost $900 million in investment. As for Thailand, the group is "actively" considering possible greenfield development opportunities and observing the development of its future gaming regulatory framework.

Daily Asia Gaming eBrief: Cambodia facing looming threat of Thailand: expert

The gaming market in Cambodia is undergoing significant changes, with aims to improve the operating environment, transparency and market conditions, but Thailand is becoming increasingly worrisome, notes expert Daniel Li.
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Cambodia not eliminating gambling, Thailand is a threat

Cambodia’s gaming story is not over by a long shot, with gaming expert Daniel Li pointing out how the country is trying to improve its oversight and legislation, rather than eviscerate the industry.

Thailand crackdown on illegal online betting operations

Thailand's move towards a legal gaming environment is being preempted by a crackdown on the illegal gambling market. The country is taking rapid steps, with police aiming to dismantle operations even as legislation moves forward.

Las Vegas Sands eyes on Thailand

Las Vegas Sands CEO Rob Goldstein has once again confirmed the company's interest in Thailand, responding to inquiries from investment bank analysts regarding the company’s 1Q24 results.

Thailand’s casino legalization under scrutiny of various agencies: report

The Thai Cabinet has designated the Finance Ministry as the primary agency responsible for reviewing a report prepared by an ad hoc House committee regarding the potential for establishing entertainment complexes with casinos in the country.

Thailand could open first casino by 2029 ahead of MGM Osaka

Amid an accelerating move towards casino legalization in Thailand, the country could see its first Entertainment Complexes (EC) by 2029, according to research by Maybank Investment Bank.

Thailand steps closer to casino legalization 

Thailand's 500-member House of Representatives approved a proposal for a study on Thursday, led by a group of lawmakers, to explore the possibility of permitting casinos to operate within extensive entertainment complexes. The plan garnered support from 253 out of the 257 lawmakers present.

Casino biz can lift tourist spending by 52% in Thailand: study 

A study, due to be submitted to the Thai parliament on Thursday, suggests that once integrated resorts (IR) with casinos are established, there is a possibility for a significant increase in average tourist expenditure, potentially by 52 percent to THB65,050 ($1,790) per trip.

Singapore takes lead over Thailand and Vietnam in wooing Chinese tourists back

Singapore has outpaced its neighbors in regaining Chinese tourists, boasting a 96 percent recovery rate, well ahead of Thailand and Vietnam.