Sunday, December 8, 2024

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Thailand’s casino bill poised for approval in 2025: Gov’t

Thailand's government is advancing an "entertainment complex" bill, which would allow casinos to operate within large-scale venues. Prommin Lertsuridej, Secretary-General to Prime Minister Paetongtarn Shinawatra, has indicated that the bill is expected to pass through both chambers of parliament in 2025.

Daily Asia Gaming eBrief: Thailand to become world’s third-largest gaming market

Thailand’s breakneck pace to push through gaming legislation has analysts excited about the potential for the country, predicting it could grow into the world’s third-largest gaming market once ramped up. Meanwhile, in the Philippines, Bloomberry saw its first full quarter of earnings from Solaire North but drops in VIP contributed to an overall loss in 3Q24. And in Macau, SJM saw improved performance in VIP at its flagship properties, helping boost its 3Q24 EBITDA.

Thailand set to outpace Singapore as world’s third-largest gaming hub: Citigroup

Thailand is on the brink of becoming a major player in the global gaming industry, with projections suggesting it could surpass Singapore to become the third-largest market in terms of gross gaming revenue (GGR), according to a new “Super Sector” report.

Casinos a significant boost for Thailand’s tourism – Agoda CEO

Thailand's steps towards legalizing gambling will greatly enhance foreign tourist arrivals, according to Omri Morgenshtern, CEO of Agoda, an Asia-focused online travel agency.

Thailand to double the capacity of six international airports by 2032

Thailand plans to double passenger capacity across six major airports by 2032, with an investment of at least $2.86 billion to support anticipated tourism growth.

Experts warn of risks as Thailand bets on casinos to revitalize economy

Experts caution that significant risks still accompany Thailand's Entertainment Complex Act, due to the potential impacts.

Thailand casino law to be submitted to cabinet this year

The draft law on entertainment complexes in Thailand is expected to be submitted to the cabinet for consideration this year, according to Deputy Finance Minister Julapun Amornvivat.

Inside the heated debate over legalizing casinos in Thailand

In a key political twist, Newin Chidchob, a prominent figure in Thai politics, has firmly rejected Thaksin Shinawatra's proposal to legalize casinos.

Thailand’s Tourism Minister urges business support for country’s entertainment complex

Thailand’s Tourism Minister Sorawong Thienthong is seeking the backing of business leaders to help move forward the country's plans for a multi-faceted entertainment complex.

Daily Asia Gaming eBrief: Thailand’s gaming bill could undergo an overhaul

Here Comes the Sun. Wynn Resorts has received the UAE’s first commercial gaming license, paving the way for the 2027 opening of its multi-billion dollar Wynn Al Marjan Island resort in Ras Al Khaimah. Meanwhile, in Asia, Macau-based Sanum Investments accuses Laos courts of unlawful pressure in its case against ST Group over the casino Savan Vegas, risking foreign investment. In Macau, the city’s sole Chief Executive candidate advocates for casino residency shows to enhance tourism and ensure competitiveness with neighboring cities.

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