{"id":777017815,"date":"2024-08-02T09:52:09","date_gmt":"2024-08-02T12:52:09","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777017815"},"modified":"2026-04-22T07:32:23","modified_gmt":"2026-04-22T10:32:23","slug":"mgm-ceo-to-travel-to-thailand-to-explore-possible-venture","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/mgm-ceo-to-travel-to-thailand-to-explore-possible-venture","title":{"rendered":"MGM CEO to travel to Thailand to explore possible venture"},"content":{"rendered":"\n

Bill Hornbuckle will be joined by Pansy Ho Chiu King.<\/p>\n\n\n\n\n\n\n\n

Macau.- MGM Resorts CEO and president Bill Hornbuckle has said he plans to travel to Thailand next month with Pansy Ho, chairperson and executive director of MGM China Holding, to explore possible ventures into the Thai market.<\/p>\n\n\n\n

In June, the Tourism Authority of Thailand (TAT) said that MGM China was considering investing in Thailand\u2019s proposed casino entertainment complexes<\/a> if they are legalised. Analysts at CLSA<\/a> have predicted that the legislative process to legalise casinos in Thailand 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

During MGM\u2019s second-quarter conference call, Hornbuckle provided updates on the company\u2019s international projects, including the Osaka IR, a joint venture<\/a> with Japan\u2019s Orix Corp and several other Japanese entities. He said construction could start by May or June of next year with a target opening date around the middle of 2030.<\/p>\n\n\n\n

See also:<\/strong> MGM China posts revenue of US$1.02bn for Q2<\/a><\/p>\n\n\n\n

Regarding the United Arab Emirates (UAE), Hornbuckle said MGM is developing a non-gaming resort in Dubai with accommodation for a large-scale casino. UAE’s General Commercial Gaming Regulatory Authority (GCGRA) recently launched its website and issued its first federal lottery licence<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Bill Hornbuckle will be joined by Pansy Ho Chiu King.<\/p>\n","protected":false},"author":176,"featured_media":25150,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"MGM Resorts, through CEO Bill Hornbuckle and MGM China's Pansy Ho, is actively exploring potential integrated resort developments in Thailand, contingent on legislative legalization, with CLSA projecting significant GGR and tax revenue. Concurrently, MGM provided updates on its Osaka IR project and noted the UAE's nascent regulatory framework with the GCGRA's launch and initial licensing. This strategic expansion underscores a focus on new market entry and the development of large-scale gaming and entertainment complexes.","focusai_entities":"MGM Resorts, Bill Hornbuckle, Pansy Ho Chiu King, MGM China Holding, Tourism Authority of Thailand, CLSA, Orix Corp, General Commercial Gaming Regulatory Authority","focusai_location":"Thailand, Macau, Japan, Osaka, United Arab Emirates, Dubai","focusai_target_profile":"ceo_executive (1.0), regulator (0.9), compliance_legal (0.9), operator_casino (1.0), investor_analyst (1.0), supplier_vendor (0.8), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Thailand IR timeline?","query":"What specific legislative and regulatory milestones must be achieved in Thailand to enable MGM's proposed integrated resort development, and what is the projected timeline for these?"},{"label":"GCGRA's scope?","query":"How will the UAE's General Commercial Gaming Regulatory Authority's mandate and initial licensing activities impact the development and operational scope of non-gaming resorts with casino potential, such as MGM's Dubai project?"}],"footnotes":""},"categories":[157,16338],"tags":[23907,1618],"class_list":["post-777017815","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-east-asia-news","tag-land-based-casino","tag-mgm-china"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777017815","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=777017815"}],"version-history":[{"count":4,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777017815\/revisions"}],"predecessor-version":[{"id":777017826,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777017815\/revisions\/777017826"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/25150"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777017815"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777017815"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777017815"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}