Foreign interest seen strong if casinos legalized

Thailand would be a major draw for foreign investors were it to legalize its casino industry and would likely provide significant competition for other regional jurisdictions, according to panellists at the recent ASEAN Gaming Summit. Although it’s almost impossible to put a size on the potential market, given the lack of parameters such as whether locals would be permitted to gamble, Thailand could feasibly become of similar size to Singapore, which currently generates about $4 billion in gross gaming revenue from two integrated resorts. The Southeast Asian Kingdom has a population of about 68 million and a well established tourism industry, pulling in 32.6 million visitors last year, a gain of 9 percent. Total international tourism revenue was around 1.64 trillion baht ($46 billion), representing a year-on-year increase of 11.68 percent over 2015. At present gambling in the country is only permitted through the Bangkok Turf Club and the state lottery, but...

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