Galaxy Entertainment Group (GEG) has announced exclusive interest in developing a $3 billion integrated resort (IR) in Bangkok. The company remains focused on the Thai capital, despite the country’s plan to issue five gaming licenses, including three outside Bangkok. GEG executives, during a recent meeting in Singapore, highlighted Bangkok’s reputation as a global travel hub, ensuring stronger investment potential. Goldman Sachs revealed GEG’s openness to partnerships with local entities for the project.
Expert Warnings Amid Political Shifts in Thailand
Gaming expert Daniel Cheng has urged caution for casino investors in Thailand. His advice follows the dismissal of a petition against former Prime Minister Thaksin Shinawatra, alleging he attempted to undermine the monarchy. Cheng’s concerns reflect uncertainties tied to the political climate and its impact on major investments in the region.
Meanwhile, in the UAE, over half of Wynn Al Marjan Island‘s $5.1 billion development—the Middle East’s first IR—is reportedly complete. This milestone highlights growing competition in the global IR market, as destinations like the UAE and Thailand vie to attract international tourists and investors.
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