Thailand recently released a draft bill that outlines plans for integrated resorts with gaming in the country. This move is seen as a way to revive the global tourism industry, heavily impacted by the Covid-19 pandemic. Analysts estimate that a legal gaming industry in Thailand could generate up to 536.6 billion baht (US$15 billion) annually.
The proposed legislation calls for 30-year licenses for limited companies or public limited companies registered in Thailand. Applicants would need to demonstrate paid-up capital of at least 10 billion baht (US$281 billion) and develop resorts with at least four non-gaming attractions. Popular tourist destinations like Phuket, Chiang Mai, and Chonburi are being considered for the integrated resorts.
On the other hand, the Philippines recently implemented a ban on offshore gaming operations, which could help the country get off the Financial Action Task Force (FATF) grey list. Being on this list can damage a country’s reputation and deter foreign investment. The ban on Philippine Offshore Gaming Operations (POGOs) is expected to reduce money laundering activities and improve the country’s standing in the international community.
In Macau, the gaming industry experienced lower-than-expected revenue in July for the second consecutive month. This trend is attributed to Beijing’s crackdown on illicit money exchanges and cross-border gambling. Despite the recent slowdown, the overall gaming revenue for the first seven months of the year has shown a positive increase compared to 2019 levels.
Singapore has amended its Casino Control Act to enhance its anti-money laundering and counter-terrorism financing regulations. The updated law allows casinos to share customer data without the need for consumer consent, aiming to quickly identify and address suspicious transactions.
Furthermore, the upcoming Osaka World Expo in 2025 could impact the construction of a multibillion-dollar resort by MGM Resorts International. Expo organizers have requested a pause in the resort’s development until after the event to avoid construction delays and logistical challenges.
In Australia, the government is expected to respond to the Murphy Report from 2023, which proposed a total ban on gambling ads. However, it is unlikely that the full ban will be enforced, with restrictions such as a cap on two gambling ads per hour until 10 p.m. and a ban on ads before and after live sports broadcasts being more probable.
Lastly, Star Entertainment announced that the NSW Independent Casino Commission (NICC) has extended the term of special manager Nick Weeks for Star Sydney until March 31, 2025. This decision comes as the regulator reviews the Bell Report to determine the casino’s compliance and operational suitability moving forward. The casino could potentially face changes in ownership if its license is revoked due to ongoing compliance issues.
