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THAILAND WINNING RESORT RACE WITH JAPAN
Although obstacles remain , Thailand could see its first entertainment complexes open in just two years , a timescale that contrasts sharply with Japan . But success with casinos still requires uniquely Thai solutions , writes Muhammad Cohen
F ollowing nearly unanimous parliamentary support and cabinet approval , Thailand ’ s casino legalisation process has the momentum to meet Prime Minister Srettha Thavisin ’ s target of opening “ entertainment complexes ” with gaming in tourist areas across the kingdom within two years . This is the first step toward establishing integrated resorts ( IR ) in tourist areas across the kingdom .
Thailand ’ s speedy progress contrasts Japan ’ s glacial advance toward casino gaming . Successful legalisation efforts in the world ’ s third largest economy commenced in 2013 . Final legislative approval came in 2018 . The first licence was granted in 2023 and an integrated resort is not expected to open before 2030 . Two more authorised licences remain unassigned . Local and national officials are each apparently waiting for the other side to take the initiative .
Thailand appears likely to open its first IR ahead of Japan . “ We are looking at a smaller bite out of the apple and a much more flexible – if not transparent – government partner ,” Innovation Group president , Michael Soll , says .
Like Japan , Thailand has considered casino legalisation for decades without significant progress until now . “ Considering 99 % of the parliament just voted to approve casino gaming , I feel they are going to get it right this time .” FootballBet . com chairman and CEO David Leppo says .
The government ’ s framework includes up to five licences for entertainment complexes – Thailand ’ s term for integrated resorts .
iGB L ! VE 2024 • ISSUE 136 • 43