Investments in Thailand’s planned integrated resort could reach THB200–300 billion ($6.2–9.2 billion) per site—significantly higher than the initial estimate of THB100 billion ($3.1 billion)—as major global operators engage in discussions with government officials, according to the Bangkok Post, citing Deputy Finance Minister Julapun Amornvivat.
Julapun announced that the casino-entertainment complex bill will top the parliamentary agenda when it convenes in July, signaling the government’s commitment to fast-track the legislation.
A previous report indicated that a draft bill on so-called “entertainment complexes” will likely be read in the National Assembly on July 9th.
Currently, Bangkok is identified as a particularly suitable location to support multiple entertainment complexes. The number of approved sites is expected to be capped at three to seven nationwide, according to Julapun.
Over the past two weeks, global integrated resort giants Wynn Resorts and MGM Resorts have met with Julapun to discuss potential investments in Thailand. The minister revealed that more than four major international investors have scheduled meetings to explore opportunities related to the entertainment complex initiative.
“There are only about five to seven top-tier global operators in this sector, and they all view Thailand as a promising investment destination,” Julapun said. “Bangkok, in particular, is seen as highly suitable, with the potential to support more than one entertainment complex.”
Julapun attributed the growing investor interest to Thailand’s well-developed infrastructure, including mass transit systems and a robust tourism industry that welcomes nearly 40 million international visitors annually.
Comprehensive entertainment ecosystem
Beyond casino operations, the government is collaborating with investors in related sectors, including theme park developers, international sporting event organizers, global entertainment producers, and companies offering immersive virtual and augmented reality experiences.
“We are now signaling clearly that we are open to discussions with investors, especially as we move forward with drafting legislation and seek to attract over THB100 billion ($3.1 billion) in investment,” Julapun stated.
He emphasized that the government is not targeting small or unprepared investors, citing concerns over regulatory enforcement, gambling addiction, and money laundering risks.
To address these issues, Julapun outlined strict oversight measures planned for the facilities. All visitors will be required to register, and casino areas will be monitored with comprehensive surveillance systems.
“The level of control in entertainment complex casinos is actually stricter than in the banking sector,” he noted, adding that the facilities will comply with international standards and will not resemble illegal gambling operations.
To mitigate problem gambling, third-party intervention mechanisms will be implemented, potentially involving family members in structured support programs. A proposed requirement for Thai nationals to hold at least THB50 million ($1.5 million) in bank accounts to access casinos is still under consideration.
Transparent bidding process ahead
While discussions are currently in the consultation phase, Julapun confirmed that final project selections will be made through a fair and transparent bidding process. The government aims to align its regulatory framework with international standards while also meeting investor expectations.
Both Wynn Resorts and MGM Resorts have expressed confidence in Thailand’s legal framework, particularly with regard to anti-money laundering and gambling regulation, according to the minister.
