Asia Pacific Casino’s Year of Leap Forward

“All eyes” on the casino sector will likely keep an eye on Thailand to see what progress it can make towards legalising such businesses and creating casino resorts during 2024. Brendan Boothman of consultancy B2 Global said in a comment to GGRAsia.

From the perspective of Asia-Pacific emerging markets, “all eyes will be on Thailand at this point” as to how the country “shapes” after Thailand’s legislature took into account its latest report on the subject as expected, the consultant said.

“There is a clear opportunity to do this properly, but it will all come down to regulation and have an appropriate regulatory environment in place,” Mr Boothman said

He added that Thailand “hopefully embraces and looks at that opportunity for professionals who can build the right base, not limited to the spectrum of [introduced] [casino] operators on the market.”

Daniel Cheng is a former senior executive at Hard Rock and Genting casino brands. He worked with Hard Rock to explore opportunities to work with Hokkaido when it was a Japanese prefecture that was interested in finding casinos and integrated resorts (IRs) during Japan’s liberalization process.

On Thailand, he told GGRAsia that Thailand offers “a ray of hope” to the industry.

“The active activity of the new Game Congressional Committee demonstrates real progress through over six meetings and hearings,” Cheng said

He later added that it was aimed at supporting economic activity across the kingdom, referring to proposals for five location markets put forward in 2022. While “political volatility” within Thailand remains a concern, bipartisan support for the Thai entertainment complex plan suggests a possible slowdown, not a dead end, for the Thai gaming industry

Cheng also noted, “At this rate, legislation in 2025 is a good possibility.”

Joe Pisano, a veteran of casino operations and technology supply in the region, had a cautious view of Thailand.

He told GGRAsia: “In my opinion, legislation will still take years and the bidding process and approval will take years more.

“If we allow time for construction, more than eight years would be a reasonable estimate,” he added of how long it could take to set up a casino sector in Thailand.

Mr. Pisano is the founder and chief executive of Jade Entertainment and Gaming Technologies Inc., a casino equipment and gaming service provider based in the Philippines.

BY: 에볼루션 바카라사이트

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