Wynn Resorts considers expansion in New York and Thailand
Wynn Resorts, led by CEO Craig Billings, is considering establishing new land-based casinos in Thailand and New York. With revenue climbing 30.8 percent from the previous...
Thailand Cabinet considers legalizing casinos
Thailand’s government has committed to researching the prospect of legalizing casinos in the country.
The Ministry of Finance must provide more information in response to this ruling within a period of thirty days. The Thai House of Representatives gave its approval in March to the concept of developing casino hotels within entertainment zones.
In addition to casinos, the proposed entertainment centers would also have conference and exposition spaces, sports facilities, and music venues. Thailand is working to boost tourism, which is crucial to the nation’s economy, and this proposal is one of their efforts.
By 2027, Thailand hopes to welcome eighty million tourists from outside annually; integrated resorts with casinos may contribute to this success. Although the precise number of amusement parks and casinos that will be authorized has not yet been determined, a minimum expenditure of $2.75 billion is anticipated for each district.
If these casino resorts are approved, additional employment could be created which would boost Thai economy by four to five percent a year. On the other hand, an excessive number of casinos may raise questions about gambling addiction and other problems. Should Thailand proceed with this strategy, foreign corporations are probably going to compete fiercely to obtain gambling licenses.
Thailand is battling against illegal online betting
Thailand's approach on gambling is experiencing a dramatic change.The government is cracking down on illicit gambling activities in the country while also working toward...
