CLSA says four of Macau\u2019s six concessionaires have expressed interest in investing in Thailand if it legalises casino gambling.<\/p>\n\n\n\n\n\n\n\n
Macau.- Investment group\u00a0CLSA<\/strong>\u00a0has reported that four of Macau\u2019s six casino operators are considering investing in Thailand if the country legalises casinos.<\/p>\n\n\n\n MGM Resorts International<\/strong> and\u00a0Galaxy Entertainment Group\u00a0<\/strong>have already\u00a0shown interest in the possibility of casino resorts in Thailand<\/a>. Analysts says Las Vegas Sands and Wynn Resorts are also interested.<\/p>\n\n\n\n CLSA has predicted that the legislative process will take one to two years, followed by another three to four years for construction. That timeline suggests that the first casino could open by 2029. CLSA estimates that a 17 per cent tax on US$15.1bn gross gaming revenue (GGR) could generate US$2.6bn in annual tax revenue.<\/p>\n\n\n\n In June Thailand\u2019s Ministry of Finance said the final draft of a bill to legalise\u00a0entertainment complexes with casinos<\/a>\u00a0was nearly complete. Sixteen government agencies have had input on the proposal. This feedback will be included in supplementary documents. If it receives cabinet approval, the bill will be sent to the Office of the Council of State for further review before being presented to the House of Representatives.<\/p>\n\n\n\n See also: <\/strong>Lau Kok Keng: \u201cA major challenge for the arrival of casinos in Thailand lies in the regulatory framework\u201d<\/a><\/p>\n\n\n\n Five locations are considered potential hosts: two in Bangkok, and one each in the Eastern Economic Corridor, Chiang Mai, and Phuket. In May,\u00a0authorities suggested that complexes would be allowed to include a casino component of\u00a0no more than around 5 per cent of the project\u2019s total area<\/a>. The proposed gaming licences would be valid for 20 years, with a tax rate of 17 per cent and a minimum investment of US$2.7bn required from licence holders.<\/p>\n\n\n\n Las Vegas Sands already has Marina Bay Sands<\/a> in Singapore and MGM Resorts is investing in the MGM Osaka casino in Japan<\/a>. Wynn Resorts is also eyeing a casino in the United Arab Emirates<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":" CLSA says four of Macau\u2019s six concessionaires have expressed interest in investing in Thailand if it legalises casino gambling.<\/p>\n","protected":false},"author":176,"featured_media":32939,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"CLSA reports that four of Macau's six concessionaires, including MGM, Galaxy, Las Vegas Sands, and Wynn, are considering significant investments in Thailand should casino gambling be legalized. Thailand's Ministry of Finance is finalizing a bill for entertainment complexes with casinos, proposing a 17% GGR tax and a US$2.7bn minimum investment per licence. The legislative and construction timeline suggests a potential 2029 opening, with CLSA estimating US$2.6bn in annual tax revenue from a projected US$15.1bn GGR.","focusai_entities":"CLSA, MGM Resorts International, Galaxy Entertainment Group, Las Vegas Sands, Wynn Resorts, Thailand\u2019s Ministry of Finance, Office of the Council of State, House of Representatives, Lau Kok Keng","focusai_location":"Macau, Thailand, Bangkok, Eastern Economic Corridor, Chiang Mai, Phuket, Singapore, Japan, Osaka, United Arab Emirates","focusai_target_profile":"ceo_executive (1.0), regulator (1.0), compliance_legal (0.9), operator_casino (1.0), payments_fraud_aml (0.7), investor_analyst (1.0), supplier_vendor (0.9), journalist_researcher (1.0)","focusai_suggestions":[{"label":"Regulatory Framework Gaps","query":"What specific challenges within Thailand's proposed regulatory framework, beyond the general mention by Lau Kok Keng, could impede the timely market entry or operational efficiency of concessionaires?"},{"label":"GGR Projection Basis","query":"What are the underlying assumptions and market research methodologies CLSA utilized to project a US$15.1bn GGR for Thailand, and how does this compare to established regional gaming markets?"}],"footnotes":""},"categories":[157,16338],"tags":[23906],"class_list":["post-777017693","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-east-asia-news","tag-macau-casinos"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777017693","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=777017693"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777017693\/revisions"}],"predecessor-version":[{"id":777017717,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777017693\/revisions\/777017717"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/32939"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777017693"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777017693"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777017693"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}