Good Morning. One night (in a casino) in Bangkok and the world’s your oyster. So hopes MGM, which is now banking on legislation going forward. Tentative plans are for an integrated resort to rival competing jurisdictions, with up to $5 billion on the table. That being said, many competitors are lining up, and venues are sparse, so it remains to be seen how the company can wade through not only legality but rivalry. Meanwhile, Light & Wonder has its sights set on progress, predicting significant growth in the coming years as it expands its operations worldwide.
What you need to know
- MGM plans $3–5B Bangkok casino, urges competitive tax and access policies to ensure Thailand’s integrated resort model can thrive.
- Light & Wonder eyes $2B in EBITDA by 2028 with 13% CAGR, boosted by Grover Gaming, NA market share, digital segment expansion.
On the radar
- ACMA: stricter controls on gambling ads in international sporting events.
- Suntrust reports stable revenue but rising expenses in 1Q25.
- Macau’s visitor arrivals increase 18.9% to 3.1M in April.
- Tinian aims to establish stablecoin linked to the US Dollar.
AGB Intelligence
THAILAND
MGM Resorts eyeing $5B IR in Bangkok
MGM makes money moves. And this latest intrigue from Thailand has executives hot and bothered to get into the environment, if it can prove lucrative. The company is looking to invest up to $5 billion if they can get a prime location in Bangkok – their preferred venue given infrastructure, transportation and tourism attractions. They’re not the only ones focusing on the potential however, and competition will be strong – if legislation goes ahead.
Corporate Spotlight
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