Lawmakers eyeing gambling expansion consider it a critical action item
Thailand prepares to legalize and regulate entertainment complexes with potential integrated resorts, a top priority for the government as parliament reconvenes in July 2025.
Global leaders in integrated resort development, Wynn Resorts and MGM Resorts, have expressed interest in investing in Thailand, viewing the country as an attractive destination for large-scale developments. According to Deputy Finance Minister Julapun Amornvivat, around five to seven top-tier global operators are expected to participate.
Contrasting previous estimates, the proposed investment per entertainment complex is now expected to range between 200 to 300 billion baht. While the exact number of complexes has yet to be confirmed, it is likely to be capped at three to five, with a maximum of seven. Bangkok, in particular, is viewed as highly suitable due to its urban development and capacity to support such projects.
In an effort to allay concerns surrounding money laundering and gambling addiction, stringent oversight measures have been planned for these facilities. The minister emphasized that the level of control in entertainment complex casinos will be stricter than in the banking sector, with visitors required to register and the casino area under constant surveillance.
Measures to address gambling addiction will include third-party mechanisms such as family involvement in structured intervention programs. Gambling access for Thai nationals will be limited to those with at least 50 million baht in their bank accounts.
Aside from entertainment complex operators, the deputy minister plans to engage with other major industry players, including theme park developers, international sporting event organizers, global show producers, and immersive experience investors utilizing technologies such as virtual reality and augmented reality.
The proposed developments are envisioned as comprehensive tourist destinations, featuring hotels, theme parks, convention centers, and events. Following the passing of the bill, the Integrated Entertainment Policy Committee will outline investment conditions, followed by a bidding process for projects, with construction expected to commence in 2027 and completion within 3-4 years.
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The interest in investing in Thailand's entertainment complexes has extended beyond just Wynn Resorts and MGM Resorts, as numerous top-tier global operators are anticipated to participate. Not only Google Finance, but also the general news, politics, and business sectors are abuzz with discussions about the potential investment in these integrated resorts. The proposed investment, estimated to be between 200 to 300 billion baht per complex, indicates a significant financial commitment from these investors.
