Thai Cabinet Approves Report on Casino Complexes, Requests 30-Day Feasibility Study
Friday 12 de April 2024 / 12:00
2 minutos de lectura
(Bangkok).- The Thai cabinet has endorsed a special House committee report recommending the legalization of integrated resorts with casinos, and given the Ministry of Finance 30 days to conduct an additional feasibility study.
The Bangkok Post reported Wednesday on this latest step towards casino legislation, coming less than two weeks after the House of Representatives provided its own near unanimous approval of the study.
However, government spokeswoman Kenika Ounjit stated that such a move towards legalized casinos would still require public hearings before any final decision on proceeding was made.
Nevertheless, Ounjit noted that integrated casino resorts represent a key element of the so-called “fun economy” being pursued by the government, which incorporates tourism, sports, entertainment venues and MICE businesses, according to The Bangkok Post.
The cabinet’s endorsement this week includes a recommendation for joint investments between the government and private operators which could follow a concession model similar to that utilized in Macau.
It has also suggested any IRs be located close to international airports to ensure international visitors are well catered to.
A new casino law would need to be passed while a specific government organization to oversee responsible gambling has been proposed.
A recent note from Maybank claimed that Thailand could open its first IRs as early as 2029, which would result in the Southeast Asian nation realizing legal casino gaming ahead of Japan where MGM Resorts International’s US$10 billion IR development in Osaka isn’t slated for completion until at least 2030.
Categoría:Casino
Tags: Sin tags
País: Thailand
Región: Asia
Event
GAT EXPO CARTAGENA DE INDIAS 2024
09 de April 2024
Why to invest in Paraguay?
(Cartagena de Indias, Exclusive SoloAzar) - During the conferences organised at the GAT EXPO 2024 fair, Dr. Carlos Augusto Liseras Osorio, president of the National Gaming Commission, (CONAJZAR, in its original) asked this tacit question, to highlight the advantages and benefits of investing in the Republic of Paraguay, and also notifying the audience about the upcoming tenders for 7 land-based casinos in that country.
Monday 29 Apr 2024 / 12:00
Novomatic's innovative offerings and market insights: a recap of our presence at GAT Expo 2024
(Cartagena de Indias, SoloAzar Exclusive).- Manuel Del Sol - CEO at NOVOMATIC Gaming Colombia, gave an overview during the interview with SoloAzar, focusing on the innovative products presented at the event, the good reception from visitors, insights on the Colombian iGaming market, the latest technological trends incorporated into the platform, and the firm's approach to regulatory adaptation in the Latam market.
Friday 26 Apr 2024 / 12:00
Miguel Ángel Ochoa in GAT: "No casino has been closed due to money laundering or drug-related issues"
(Cartagena, SOLOAZAR Exclusive). One of the most interesting moments of the 25th anniversary edition of GAT Expo in Cartagena de Indias was undoubtedly the AIEJA panel dedicated to the Mexican gaming market. In this note, we review the key segments of the intervention of Miguel Ángel Ochoa, the president of AIEJA on that day.
Friday 26 Apr 2024 / 12:00
SUSCRIBIRSE
Para suscribirse a nuestro newsletter, complete sus datos
Reciba todo el contenido más reciente en su correo electrónico varias veces al mes.