Thailand's casino bill set for overhaul following Fiscal Policy Office’s recommendations

Good morning. Let’s roll the dice! Thailand’s casino bill may change after the Fiscal Policy Office presented 45 recommendations following public hearings. These include renaming it the “Integrated Resort Act” and adjusting ow nership, license durations, and location options. Meanwhile, Macau’s premium mass wagers surged to record levels during the October Golden Week, with the number of high-rollers and table utilization rates reaching all-time highs. In the Philippines, some observers are warning that the country’s effort to shut down POGOs faces challenges from deep-rooted corruption, which may allow the industry to persist or relocate to other countries.

What you need to know

Thailand’s Fiscal Policy Office compiled a report with 45 significant recommendations on the entertainment complex bill currently under review.
Macau’s premium mass gaming hit historic highs in October, with a significant rise in wagers and record participation from high-rollers.
Despite a nationwide POGO ban, insiders warn that corruption may allow them to persist illegally or shift to other countries.

On the radar

Wynn UAE IR sets to contribute $350M of free cash flow to parent firm: CBRE.
Philippines tourist arrivals rise 10% Y-o-Y between Jan-Sept.
Asian Football Confederation signs agreement to strengthen betting integrity.
10K foreign POGO workers downgrade visas: Government.
Damian Quayle was appointed as SJM Resorts Chief Gaming Officer.
Isle of Man gambling regulator issues $183,000 fine to erring operator.

AGB Intelligence

THAILAND

Public consultation feedback on the draft of Thailand’s casino bill

Thailand’s casino bill could face considerable overhaul in light of the Fiscal Policy Office (FPO)’s extensive recommendations. Among these changes, one significant suggestion is to rename the law from the “Entertainment Complex with Casino” to the “Integrated Resort Act”. This name change aims to convey the broader scope of the proposed developments. Additionally, the FPO recommends adjusting the shareholder structure to ensure that Thai ownership ranges from 30 to 51 percent, encouraging local participation and investment in the entertainment sector.

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