Tuesday, February 11, 2025
HomeNewsMalaysiaGenting Malaysia eyes growth opportunities in Thailand’s gaming sector

Genting Malaysia eyes growth opportunities in Thailand’s gaming sector

Genting Malaysia Bhd, a global leader in leisure and tourism, is reportedly closely monitoring developments in Thailand’s gaming market.

Simultaneously, the operator is actively pursuing one of New York’s downstate casino licenses and exploring opportunities in the UAE market.

According to Malaysia-based securities firm CSG International, as cited by local media outlet Business Times, Genting Malaysia’s strategic focus on these key markets positions the company to capitalize on growth opportunities, enhance operational efficiency, and secure long-term profitability.

The brokerage specifically highlighted the company’s interest in Thailand’s emerging gaming market. Thailand’s Cabinet recently approved a draft law to legalize gambling and casinos as part of a broader initiative to boost tourism, create jobs, and attract foreign investment.

In May last year, Genting Group Chairman Lim Kok Thay commented on the company’s interest in Thailand, stating that they were awaiting further details to assess the feasibility of bidding for an integrated resort (IR) development.

Genting Malaysia, Genting Berhad

He emphasized that critical factors—such as potential locations and whether local residents would be allowed to gamble—needed clarification before the company could make a definitive decision.

Meanwhile, four of Macau’s six casino concessionaires—Galaxy Entertainment Group, Las Vegas Sands, MGM Resorts, and Wynn Resorts—have so far expressed interest in investing in Thailand.

According to Goldman Sachs, Galaxy Entertainment Group has revealed more details about its plans to enter the bidding process for an integrated resort (IR) license in Thailand, with a Request for Proposal (RFP) expected as early as mid-2025.

Viviana Chan
Viviana Chanhttps://agbrief.com/
Viviana Chan is an editor, interpreter, and journalist. With over a decade of experience, she writes in English, Chinese, and Portuguese. Viviana started her career in Macau-based newspapers, where she became passionate about the region's social, financial, and cultural development. Her writing focuses on the economy, emerging industries, gaming development, political affairs, and cross cultural-exchange in the business and cultural domains. She is avid for news and eager to discover and cover stories that generate public relevance.

MORE ARTICLES

FOLLOW AGB

daily newsletter