Good Morning: It appears that 2024 is now the year to make or break it, with Thailand pushing ahead with casino legislation as parties cross political divides to align on moving the wheel. Author and gaming expert Daniel Cheng notes that capital investment and location choice will be essential moving forward. Meanwhile, in the UAE, Dubai is curbing its casino drive, as Abu Dhabi and Ras Al Khaimah take center stage. And in Macau, plans to attract more foreign visitors are being lauded.
What you need to know
- Thailand progresses towards casino legislation in 2024, with Daniel Cheng noting that political alignment and locations are key.
- Ras Al Khaimah and Abu Dhabi push forward with casino plans, Dubai halts drive as the Emirates move towards a gaming future.
- Amid Macau’s economic diversification plan, expert applauds tourism budget boost for attracting foreign visitors.
On the radar
- PAGCOR boosts 2024 nation-building to $992 million, up 17 percent.
- South Korea’s Paradise Co gaming revenue down m-o-m in October.
- Macau’s mass GGR has fully recovered: JP Morgan.
- South Korea’s GKL sees double-digit revenue drops in October.
- AGEM Index down 4.2 percent m-o-m in October.
- Defendant in multi-billion-dollar Sing. money laundering case denied bail.
AGB Intelligence
THAILAND
Thai government moves closer to casino legislation
Casino legislation in Thailand is progressing smoothly, as political parties are aligning and support is being put behind the push, meaning legislation could be seen as early as next year. Expert Daniel Cheng points out the divides that are being overcome and the issues which are faced as the nation seeks to attract investment. Meanwhile, locations are being scouted, with Bangkok and Phuket seen as heavy hitters due to infrastructure.
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