CGS International highlighted GENM’s interest in Thailand’s gaming market.<\/p>\n\n\n\n\n\n\n\n
Thailand.- The acceleration of casino legalisation efforts<\/a> in Thailand stands to significantly impact Genting Malaysia Berhad (GENM)<\/a>, with the company being heavily involved in the process according to local media outlet Business Times.<\/p>\n\n\n\n CGS International said that GENM is also maintaining its pursuit of one of the New York downstate casino licenses, strategically focusing on key markets to \u201ccapitalise on growth opportunities while improving operational efficiency and long-term profitability.”<\/p>\n\n\n\n Genting Group chairman, Lim Kok Thay<\/strong>, commented last May on the company\u2019s interest in Thailand.<\/p>\n\n\n\n Thailand’s Prime Minister\u00a0Pateogntarn Shinawatra<\/strong>\u00a0announced on Monday (January 13) that the country\u2019s cabinet has approved\u00a0the draft bill to legalise casinos. It will now be headed to the House of Representatives for further consideration. No specific timeline for its enactment has been set.\u00a0<\/p>\n\n\n\n The draft bill to legalise casinos proposes\u00a030-year casino licences with the option for a 10-year renewal<\/strong>. Complexes would be located in designated areas and operated by companies registered in Thailand with a minimum paid-up capital of THB10bn (US$283m). Casino entry fees for Thai nationals have been set at THB5,000 (US$144). A policy panel led by the Prime Minister and a regulatory agency would oversee the industry.<\/p>\n\n\n\n CGS International highlighted GENM’s interest in Thailand’s gaming market.<\/p>\n","protected":false},"author":226,"featured_media":18062,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Genting Malaysia Berhad (GENM) is strategically pursuing casino licenses in Thailand and New York to capitalize on growth opportunities and enhance profitability. Thailand's cabinet has approved a draft bill for casino legalisation, proposing 30-year licenses, significant capital requirements, and a regulatory framework, which now advances to the House of Representatives.","focusai_entities":"CGS International, Genting Malaysia Berhad, GENM, Business Times, Genting Group, Lim Kok Thay, Pateogntarn Shinawatra","focusai_location":"Thailand, New York","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 (0.8), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Thailand Casino Bill Impact","query":"What specific amendments or conditions in Thailand's draft casino legalisation bill could materially alter the projected GGR and NGR for potential operators like GENM?"},{"label":"GENM Capital Allocation","query":"How might GENM's capital allocation strategy for its New York downstate casino bid be impacted by the accelerated progress of the Thailand integrated resort legalisation, considering the THB10bn minimum capital requirement?"}],"footnotes":""},"categories":[28,16333],"tags":[19394],"class_list":["post-777022011","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-casino-news","category-south-east-asia-news","tag-genting-malaysia"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777022011","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\/226"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=777022011"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777022011\/revisions"}],"predecessor-version":[{"id":777022019,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777022011\/revisions\/777022019"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/18062"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777022011"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777022011"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777022011"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Thai market<\/h2>\n\n\n\n
<\/p>\n","protected":false},"excerpt":{"rendered":"