Legislation

Casino Legalization to be considered in Thailand by 2025 to draw foreign investment

Friday 15 de November 2024 / 12:00

⏱ 1 min read

(Thailand).- Thailand is reportedly preparing to legalize casinos by next year in a bid to draw foreign investments and boost tax revenues, a move that is likely to present promising opportunities for international operators who have long advocated for such legislation. Given Thailand’s reputation as a popular tourist destination, this initiative presents a potential windfall.

Casino Legalization to be considered in Thailand by 2025 to draw foreign investment

The Thai government is currently working towards the enactment of the ‘entertainment complex’ bill, which would enable the establishment of casinos within major venues. According to Prommin Lertsuridej, Secretary-General to Prime Minister Paetongtarn Shinawatra, the legislation is projected to be passed in the two chambers of parliament by 2025.

The proposal is anticipated to achieve Cabinet approval later this year, before undertaking consideration by the House of Representatives and upper house Senate in the forthcoming year. The process of passing a bill through the three required readings in each house typically takes months.

Prommin told Bloomberg during an interview in Bangkok that the law should be passed within the next six months, thereby launching operations next year, considering the earliest timeline.He further alluded that several administrative procedures would follow the bill’s parliamentary clearance before the casinos could be operational.

Citigroup Inc. has projected that upon the full operationalization of the casinos approximately six years from now, Thailand could evolve into a substantial player in the global gaming sector.

This week, Citigroup analysts reported that the country’s gross gaming revenue could achieve $9.1 billion when fully optimized, potentially ranking Thailand as the world’s third-largest market behind Macau and Las Vegas and ahead of neighboring Singapore.

Galaxy Entertainment Group Ltd. and MGM Resorts International are reportedly evaluating potential prospects in Thailand to counterbalance the uncertain prospects in Macau. Las Vegas Sands Corp. has also indicated an interest in expanding to Thailand.

Categoría:Legislation

Tags: Sin tags

País: Thailand

Región: Asia

Event

SiGMA North America 2026

01 de September 2026

Evert Montero Analyzed Colombia's Gaming Regulation at SiGMA

(Mexico City) — Speaking at SiGMA North America 2026, FECOLJUEGOS President Evert Montero Cárdenas offered a deep dive into the regulatory shifts shaping the Latin American and North American markets. He highlighted the sustainability challenges ahead for Colombia's industry and the ongoing impact of technological innovation. A major highlight of the September 1-3 summit at Mexico City’s Centro Banamex was Montero's induction into the Hall of Game 2026.

Friday 11 Sep 2026 / 12:00

Sportradar highlights LATAM growth at SiGMA North America

(Mexico City, SoloAzar Exclusive).- Rodrigo Cambiaghi, Sales Executive Lead, Digital Advertising at Sportradar, highlighted the strategic importance of Mexico and the broader Latin American market during SiGMA North America 2026. Held from September 1–3 at Centro Banamex in Mexico City, the event brought together nearly 2,250 delegates and focused on artificial intelligence, innovation, public-private collaboration and the adaptation of global strategies to local market dynamics.

Friday 11 Sep 2026 / 12:00

AIEJA Highlights Success of SiGMA North America in Mexico

(Mexico City, SoloAzar Exclusive).- Dr. Miguel Ángel Ochoa Sánchez, Executive President of AIEJA, underscored the success of the inaugural SiGMA North America in Mexico, noting its crucial role in elevating the local gaming industry on the global stage. Speaking at the event—held September 1-3 at Mexico City's Centro Banamex—he also broke down key regulatory hurdles, strategies to combat illegal gambling, and emerging opportunities within the sector.

Wednesday 09 Sep 2026 / 12:00