Thailand is betting its hand for you to visit and gamble millions; Indians may get a new attraction
Draft rules for the legalisation of casinos, which include an initial 30-year casino license with a 10-year renewal option, have been published for public feedback until August 18. The casinos will be part of large entertainment complexes featuring hotels, convention centers, and amusement parks, among other amenities.
Thailand would thus join the ranks of the United Arab Emirates and Japan in vying for a share of the global casino industry, estimated to have generated $263 billion in revenue last year. Major players like Galaxy Entertainment Group Ltd. and MGM Resorts International have shown interest in opening casino resorts in Thailand, considering it a strategic move against the uncertain prospects in Macau. Las Vegas Sands Corp. expressed interest in entering the Thai market, stating last month it would consider expanding to Thailand if the opportunity arises.
Thailand's tourism ministry reported 17.5 million foreign tourists in the first six months of 2024, marking a 35% increase from the same period the previous year. The influx of tourists generated 825 billion baht ($22.42 billion) in revenue, with China, Malaysia, and India being the primary source markets. Additionally, Thailand extended its visa exemption program for tourists from India and Taiwan until November 11, 2024, allowing these travelers to enter the country without a visa.
Casinos are currently illegal in Thailand, with gambling restricted to state-controlled horse races and lotteries. However, illicit gambling, including soccer betting,
