Thailand aims to legalise casinos next year in win for global players

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Thailand aims to legalise casinos next year in win for global players - Business Standard

Quick Summary:

Galaxy Entertainment Group Ltd.and MGM Resorts International are said to be studying potential opportunities in Thailand as a hedge against uncertain prospects in Macau.Las Vegas Sands Corp.has said it would be interested in expanding to Thailand.

The country’s gross gaming revenue could reach $9.1 billion when fully ramped, which would make it the third-largest market in the world behind Macau and Las Vegas and ahead of neighboring Singapore, Citigroup analysts said in a report this week.

Several administrative steps will still be required once the bill clears the parliament before casinos can start operating, according to him.