As Thailand contemplates significant changes to its gambling legislation, MGM Resorts has openly advocated for a major shift in the proposed policy. Ed Bowers, President of Global Development at MGM Resorts, has publicly urged the Thai government to reconsider its stance on restricting local access, suggesting a broader engagement strategy involving integrated resorts.
Speaking with the Bangkok Post, Bowers emphasized the importance of collaborative dialogue between operators and Thai regulators. He argued that allowing locals access to integrated resorts could generate substantially greater economic benefits and facilitate more effective oversight, especially in mitigating criminal activities and money laundering risks.
MGM Advocates for Integrated Resorts to Boost Thailand’s Economy
Bowers pointed out significant limitations facing operators if the government proceeds with plans to restrict casino access exclusively to tourists. By integrating local participation, he contends, operators would be better positioned to maximize economic impact and implement rigorous monitoring and compliance measures.
Highlighting MGM’s strategic focus on Asia, Bowers’ statements arrive at a pivotal moment, as Thailand faces internal political scrutiny over the potential legalization of casinos. Assuring stakeholders, Bowers reinforced that integrated resorts have robust mechanisms in place to effectively combat illicit financial activities, addressing concerns raised by critics.
Major Operators Eyeing Thai Market Amid Legislative Developments
MGM Resorts is not alone in its keen interest in Thailand’s emerging casino landscape. Wynn Resorts CEO Craig Billings previously indicated Thailand as a prime investment target contingent upon the market’s legalization. Both companies have reportedly been active in productive discussions with Thai authorities regarding necessary infrastructure and investment frameworks.
MGM’s broader Asian ambitions were recently underscored by its firm commitment to Japan’s casino market, specifically a planned $10 billion integrated resort project in Osaka, scheduled to launch by 2030. This long-term dedication to Asian markets signals MGM’s readiness to invest heavily in Thailand, contingent upon favorable regulatory changes.
The coming months will be essential in shaping Thailand’s gambling landscape. As discussions evolve, industry leaders and stakeholders will closely monitor developments, anticipating clear regulatory frameworks that may define the market’s future.
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