Thailand’s Casino Plans Cause Mixed Reactions Among Industry Insiders

August 26, 2022 Thailand Emerging Markets Industry Updates

Thailand is closer than ever to allowing legal casinos. While it expects massive revenue from the market, the reaction from some in the gaming industry shows less optimism.

Should the final recommendations of a government committee exploring the possibility of casinos be put into action, there could be up to five venues to start. The details are now under review by the House of Representatives, but still need approval by other government bodies.

Previously, there was talk that Las Vegas Sands and MGM Resorts International may be interested in a Thai casino. However, that may not be enough, and Paul Bromberg of Spectrum Gaming Group doesn’t believe many international operators will jump on the chance to join the market.

Final Regulations Will Determine Future
Bromberg, an expert on Asian gaming, presented his thoughts during a panel in G2E Asia: Singapore, which opened yesterday and runs through Friday. During a discussion on Thailand’s gaming future, he expressed doubt over the potential regulatory framework that may develop.

International operators expect a certain level of regulatory control in a country in order to consider making a large investment, he explained. However, citing Thailand’s recent legalization of marijuana, Bromberg doesn’t believe the country is ready.