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Only six operators seem likely to apply for Thai casino license
Summary
Thailand’s effort to establish a legal casino industry within entertainment complexes may not attract as many bidders as anticipated, with a recent study by Inside Asian Gaming revealing that only six operators are likely to participate. The analysis will feature in the upcoming April issue of IAG. Despite contacting 15 potential candidates, only half are considered viable for bidding, which includes three operators from Macau, two from the US, and one from another Asian country. Many operators expressed reluctance to commit, citing past experiences with Japan’s gaming market as a cautionary tale.
Key Points
- Only six out of 15 contacted international gaming operators are likely to bid for Thai casino licenses.
- These include three operators from Macau, two from the US, and one from another Asian region.
- Many potential bidders remain cautious and focused on existing operations over new ventures in Thailand.
- The final number of bidders will depend on the forthcoming legislative framework approved by the king.
- Operators are wary due to past experiences, particularly concerning Japan’s failed gambling legislation.
Why should I read this?
This article outlines the current state of Thailand’s push for a legal casino industry and highlights the hesitance of major international operators to join the bidding process. Understanding these dynamics is crucial for stakeholders in the gaming industry, as it may impact the future landscape of gaming in Southeast Asia.
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