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After Galaxy, MGM: Genting To Explore Opening Casinos In Thailand

From Thailand's developing gaming sector to New York's established casinos, Genting Malaysia (GENM) is actively pursuing expansion across diverse markets.

Casino In Thailand, Genting Malaysia, gaming market

Genting Malaysia Bhd (GENM) is strategically positioning itself for growth by actively exploring opportunities in both Thailand's nascent gaming market and New York's competitive casino scene.


According to Malaysia-based securities firm CSG International, GENM is closely monitoring developments in Thailand, where the government recently approved a draft law to legalize casinos within large-scale entertainment complexes. 


This move aims to revitalize tourism, generate employment, and attract foreign investment. While specifics such as licensing details, investment requirements, and license durations are still pending, the potential for growth is significant. 


Thailand's decision to explore legal gambling follows a trend seen in neighboring countries like Cambodia, Singapore, the Philippines, Laos, and Myanmar, all of which have benefited economically from integrated resort developments.


Genting Bhd's president and chief operating officer, Tan Kong Han, earlier confirmed the group's interest in integrated resort opportunities in emerging markets like Thailand and the United Arab Emirates (UAE) at the company's annual general meeting in June 2024. 


He emphasized Genting's extensive experience operating in diverse jurisdictions, including successful ventures in the US and UK. Genting's impressive US portfolio includes the US$5 billion Resorts World Las Vegas, along with Resorts World New York City, Resorts World Catskills, and Resorts World Hudson Valley. In the UK, the group operates casinos in London and numerous other locations.


GENM's strategic pursuit of opportunities in both Thailand and New York demonstrates a proactive approach to growth and a commitment to maximizing long-term profitability. By leveraging its global experience and existing assets, the company is well-positioned to succeed in these dynamic markets.



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