MGM International Sees Bright Future for Gambling in Thailand
Ed Bowers, President of Global Development at MGM International, believes Thailand has the potential to become Asia’s top destination for integrated resort developments. Speaking at the G2E Asia Forum, Bowers emphasized that with the proper legislative backing and infrastructure, Thailand could generate more than $10 billion in annual gross gaming revenue.
Thailand’s Potential as a Gambling Powerhouse
Bowers pointed out that Thailand presents an exciting opportunity to attract major investments from global gaming operators. With the right government support, he said, the country could become a serious player in the region’s gaming and tourism industries.
He drew comparisons to other Asian markets, noting that while Macau initially focused heavily on VIP clientele, it later diversified into cultural, culinary, and eco-friendly experiences. This transformation helped broaden its appeal to a wider audience. Singapore was also cited as an example of how integrated resorts—combining gaming, entertainment, hospitality, and retail—can successfully boost tourism, create jobs, and promote responsible gaming.
Regional Challenges for Other Asian Markets
While Thailand shows promising potential, Bowers acknowledged ongoing challenges in other Asian countries. In South Korea, for instance, casino operations remain limited due to laws restricting local residents from gambling. Vietnam faces similar issues, with limited access for locals discouraging investment.
Bowers also discussed MGM’s upcoming integrated resort in Osaka, Japan. Spanning more than 68,000 square meters, the development will include hotels, restaurants, and gaming facilities. Despite high development costs and complex regulations, Bowers expressed optimism due to Japan’s strategic location and robust transport infrastructure.
Thailand’s Legal Landscape for Gambling
Despite its potential, Thailand’s gambling landscape remains highly restricted. Currently, only government-sanctioned forms of gambling such as horse racing and the national lottery are allowed. These restrictions are rooted in long-standing laws, particularly the Gambling Act of 1935 and the Playing Cards Act, which limits private ownership of playing cards.
Nevertheless, discussions around expanding the industry have gained momentum in recent years. Advocates argue that a broader, well-regulated gambling sector could enhance tourism and create economic opportunities. Among the ideas being considered is the screening of foreign casino visitors for criminal records and financial status, especially as the country looks toward establishing land-based casinos.
Progress Toward Casino Regulation
In a notable development, Thailand’s government approved a draft casino law in March that outlines strict entry criteria—requiring prospective gamblers to have at least 50 million baht (around $1.47 million) in bank deposits. While this proposal would limit access for much of the population, it marks a significant step forward in introducing formal regulation.
The goal is to attract at least 100 billion baht (approximately $3 billion) in investments for new casino and entertainment complexes, indicating growing governmental interest in developing the sector in a controlled and sophisticated manner.
As Thailand continues to explore regulatory reforms, industry leaders like MGM remain hopeful about the country’s potential to emerge as a leading hub for integrated resorts in Asia.
- SCCG Management. The Gambling Industry’s Global Connector. Access Here.
- Source: SCCGManagement.com
