MGM Resorts is urging Thailand’s government to implement a competitive tax rate for casinos and provide better access for locals. Ed Bowers, President of Global Development at MGM, emphasised that collaboration between the government and operators is crucial for the industry’s success. Citing Singapore’s tax model as a benchmark, he warned of potential failures if governmental goals do not align with operational needs.
Key Points
- MGM’s Ed Bowers advocates for a competitive casino tax rate in Thailand.
- He highlights Singapore’s tax rates as a successful model to follow.
- Bowers warns of risks if government aspirations don’t match operational realities.
- The need for reasonable access for local residents in casino developments was stressed.
- MGM remains interested in establishing an integrated resort in Bangkok.
Why should I read this?
If you’re curious about the future of Thailand’s casino industry and its potential impact on tourism and local economies, this article is a must-read. It gives you the insider scoop on the discussions shaping a major player’s approach in the region. Plus, you’ll be the one in the know when talking about Thailand’s gaming regulations!
