A memorandum of understanding has reportedly already been signed with investment partners for The Royal Siam Haven.<\/p>\n\n\n\n\n\n\n\n
Thailand.- The Royal Turf Club of Thailand (RTCT) <\/strong>is reportedly planning to invest THB200bn (US$5.88bn)\u00a0in an integrated resort (IR) with a casino. According to Thansettakij, the IR will be called The Royal Siam Haven <\/strong>and will include a horse racecourse, a six-star hotel, a golf course, a yacht club, luxury dining options, a theatre, a medical tourism hospital and a learning centre.<\/p>\n\n\n\n Patvee Surin<\/strong>, a representative of the RTCT, said a memorandum of understanding had been signed with investment partners. The location of the complex, however, has not been disclosed.<\/p>\n\n\n\n Earlier this month, the Thai Council of State released the final draft of a bill to legalise\u00a0entertainment complexes with casinos<\/a>.\u00a0The proposal includes 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. 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","protected":false},"excerpt":{"rendered":" A memorandum of understanding has reportedly already been signed with investment partners for The Royal Siam Haven.<\/p>\n","protected":false},"author":176,"featured_media":15191,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"The Royal Turf Club of Thailand (RTCT) plans a THB200bn (US$5.88bn) integrated resort, The Royal Siam Haven, following a signed MOU with investment partners. This development aligns with Thailand's progress on a draft bill to legalize IRs with 30-year casino licenses, aiming to boost tourism revenue by US$12bn. Major international operators like MGM, Galaxy, Las Vegas Sands, and Wynn have expressed interest in the nascent market.","focusai_entities":"The Royal Turf Club of Thailand (RTCT), MGM Resorts International, Galaxy Entertainment Group, CLSA, Las Vegas Sands, Wynn Resorts, Patvee Surin, Julapun Amornvivat, Thai Council of State","focusai_location":"Thailand, Bangkok, Chiang Mai, Phuket, Eastern Economic Corridor","focusai_target_profile":"ceo_executive (0.95), regulator (0.9), compliance_legal (0.85), operator_casino (0.98), investor_analyst (0.97), supplier_vendor (0.8), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Regulatory Framework Nuances","query":"What specific provisions within the final draft bill address responsible gambling measures, AML protocols, and the governance framework for the proposed regulatory agency overseeing Thailand's IR sector?"},{"label":"Investment Partner Details","query":"Given the THB200bn investment, what is the disclosed equity structure or financing model for The Royal Siam Haven, and which investment partners have signed the memorandum of understanding with RTCT?"}],"footnotes":""},"categories":[157,16333],"tags":[],"class_list":["post-777018510","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-south-east-asia-news"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777018510","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=777018510"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777018510\/revisions"}],"predecessor-version":[{"id":777018534,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777018510\/revisions\/777018534"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/15191"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777018510"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777018510"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777018510"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}