Good morning. There’s nothing worse than not knowing. And in the case of Thailand, there have been many concerns as to whether proposed IR legislation would ever make it off the ground. These concerns have now been slightly eased, as the legislative proposal put forward has assuaged both operators and potential investors, points out Spectrum Gaming’s CEO. Meanwhile, results continue to roll in – with Newport and Resorts World Sentosa seeing upticks, while Bloomberry saw a slight drop.
What you need to know
- Thai IR legislation proposal eases some of the concerns held by operators and investors: Fredric Gushin, CEO of Spectrum Gaming Group.
On the radar
- Bloomberry Resorts reports 4% y-on-y decline in GGR for 2Q24.
- Genting Singapore revenue up in 1H24 despite drags from low VIP.
- Growth in non-gaming helps boost Newport World Resorts in 1H24.
- UK bookmaker Star Sports to commence operating in Australia.
AGB Intelligence
THAILAND
IR legislation proposal eases concerns: Expert
Thailand’s new entertainment complex legislation proposal has eased some of the concerns held by both investors and operators, giving shape to an industry which could begin to thrive as early as 2029. Spectrum Gaming Group CEO Fredric Gushin notes that the legislation is a “positive step forward” and addresses the major concerns of the public, interested operators and potential investors, paving the way for a boost to the country’s tourism revenue of up to $12 billion.
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