Twenty gaming venues in a country Thailand’s size is arguably a large number and one that could stoke cannibalization fears as well as concerns about too much access to gaming, but eight such venues could accomplish the aims of job creation, increasing tax revenue, and attracting more tourists.
If Thailand moves ahead with allowing integrated resorts, and if it approves multiple venues at once, competition for the licenses will be fierce and likely draw some of the biggest names in the industry.
Among marquee industry names, Las Vegas Sands has indicated some level of interest in Thailand, and similar rumors apply to Genting Singapore. Additionally, it’s believed Galaxy Entertainment and MGM Resorts International would also be interested in pursuing licenses there.
The aforementioned minimum investment of $2.75 billion, along with an expected tax rate of 17%, are likely to be sources of allure for international companies mulling bids for Thai gaming licenses.
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