Thailand Fast Tracks Casino Resort Study

The Ministry of Finance is being urged to expedite a feasibility review by the Thai government, which is pushing for integrated casino resorts (IRs) to be built.

This occurs just two months after the Ministry was requested to review a report on the plan from the House Committee.

By outperforming Japan’s scheduled 2030 Osaka IR opening, Prime Minister Srettha Thavisin intends to increase her share of regional tourism earnings.

According to preliminary estimates, Thai IRs could generate at least TBH12 billion (US$328 million) in revenue in their first year of operation.

The Ministry, which is in charge of a group of 17 government agencies, was first asked for more time, but it is currently under pressure to decide quickly.

The proposal outlines IRs, placing a strong focus on lodging and entertainment and capping gambling areas at 5% of the entire complex.

Additionally, the government favors partnerships with private companies that might be similar to Macau’s concession scheme. In order to draw in foreign tourists, IR locations close to international airports are also prioritized.

Original Story by: Inside Asian Gaming