Macau's Biggest Gambling Operators Interested in Investing in Thailand

MGM China and Galaxy Entertainment Group are the first operators to express preliminary interest in response to Thailand's plans to legalize its gambling sector. Both companies have shown active participation and willingness to consider opportunities in their new jurisdiction.

The CLSA report notes that Thailand is in "dire need of economic revival." The legalization of casinos has been supported by the country's parliament, and the bill, known as the "Casino Bill," was prepared for consideration four weeks after it was announced in June 2024.

The bill is planned to allow casinos to be built in no more than 5% of large entertainment complexes. This should help increase government revenue and turn Thailand into a major tourist destination. Casino licenses will be valid for 20 years, and the tax rate will be 17%, targeting foreign visitors as the main clientele. Potential investors will have to invest at least $2.7 billion to obtain a license.

Thailand's first entertainment complex is unlikely to open until 2029. CLSA also estimates that the annual gross gaming revenue (GGR) of the Thai casino industry could reach $30.8 billion, up from a baseline forecast of $15.1 billion.

As they look to invest in Thailand, Macau’s largest gambling operators highlight the growing interest in new markets and the potential of legalized casinos in Thailand. With an expected economic revival and significant investment in the industry, Thailand could become a major player in the global gambling arena.