The government plans to grant 30-year casino licences.<\/p>\n\n\n\n\n\n\n\n
Thailand.- The Thai Council of State has released the final draft of a bill to legalise\u00a0entertainment complexes with casinos<\/a>. The draft will be open to public feedback until August 18.<\/p>\n\n\n\n The proposed rules include 30-year casino licences, with the option for a 10-year renewal. Casinos would be part of large entertainment complexes with hotels, convention centres, and amusement parks. In May,\u00a0Julapun Amornvivat suggested that the casino component would be\u00a0no more than around 5 per cent of the project\u2019s total area<\/a>.<\/p>\n\n\n\n The draft bill stipulates that complexes should be located in designated areas and operated by companies registered in Thailand with a minimum paid-up capital of THB10bn (US$283m). A policy panel led by the prime minister and a regulatory agency would oversee the industry.<\/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. Authorities hope IRs could increase tourism revenue by US$12bn. <\/p>\n\n\n\n MGM Resorts International<\/strong> and Galaxy Entertainment Group <\/strong>have already shown interest in the possibility of casino resorts in the country<\/a>. Investment group CLSA<\/strong> said Las Vegas Sands and Wynn Resorts<\/a> are also interested.<\/p>\n\n\n\n Analysts predict 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","protected":false},"excerpt":{"rendered":" The government plans to grant 30-year casino licences.<\/p>\n","protected":false},"author":176,"featured_media":12900,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Thailand's Council of State has released a draft bill to legalize integrated resorts (IRs) with casinos, proposing 30-year licenses and stringent capital requirements for operators. This legislative move, expected to conclude within two years, aims to significantly boost tourism revenue and has already attracted interest from major international gaming operators. Analysts project substantial GGR and tax revenue generation by the anticipated 2029 opening.","focusai_entities":"Thai Council of State, Julapun Amornvivat, MGM Resorts International, Galaxy Entertainment Group, CLSA, Las Vegas Sands, Wynn Resorts","focusai_location":"Thailand, Bangkok, Eastern Economic Corridor, Chiang Mai, Phuket","focusai_target_profile":"ceo_executive (1.0), regulator (1.0), compliance_legal (0.9), operator_casino (1.0), affiliate_publisher (0.7), product_ux (0.7), tech_data (0.7), marketing_crm (0.7), payments_fraud_aml (0.8), investor_analyst (1.0), supplier_vendor (0.9), journalist_researcher (1.0)","focusai_suggestions":[{"label":"Regulatory Framework Details?","query":"What specific regulatory compliance and governance frameworks are anticipated beyond the initial licensing terms, particularly concerning responsible gambling, AML, and advertising standards for these Thai integrated resorts?"},{"label":"Competitive Landscape Impact?","query":"How might the entry of major international operators into the Thai market impact the competitive landscape and investment strategies for other potential bidders or regional gaming hubs?"}],"footnotes":""},"categories":[154,158,16333],"tags":[23911,23907],"class_list":["post-777017852","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-legislation-news","category-slider-home","category-south-east-asia-news","tag-gambling-regulation","tag-land-based-casino"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777017852","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=777017852"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777017852\/revisions"}],"predecessor-version":[{"id":777017881,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777017852\/revisions\/777017881"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/12900"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777017852"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777017852"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777017852"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}