{"id":8313,"date":"2024-12-05T04:53:58","date_gmt":"2024-12-05T04:53:58","guid":{"rendered":"https:\/\/slategray-wallaby-310340.hostingersite.com\/index.php\/2024\/12\/05\/thailands-casino-resort-market-poised-for-massive-growth\/"},"modified":"2024-12-05T04:53:58","modified_gmt":"2024-12-05T04:53:58","slug":"thailands-casino-resort-market-poised-for-massive-growth","status":"publish","type":"post","link":"https:\/\/casino-online-best.com\/index.php\/2024\/12\/05\/thailands-casino-resort-market-poised-for-massive-growth\/","title":{"rendered":"Thailand\u2019s Casino Resort Market Poised for Massive Growth"},"content":{"rendered":"<div>\n<p>Thailand\u2019s emerging casino resort industry holds the potential to generate $15 billion annually in gross gaming revenue (GGR) once fully established, according to Jeffrey Kiang, an analyst at CLSA Ltd. Speaking at the Thai Entertainment Complex Summit in Bangkok, Kiang highlighted Thailand\u2019s potential to become a leading gaming destination in Asia.<\/p>\n<h2>A New Gaming Powerhouse<\/h2>\n<p>Kiang suggested that Thailand could become the <em>\u201cthird biggest land-based casino market,\u201d<\/em> based on 2023 data. CLSA previously estimated Thailand\u2019s market could generate $8.5 billion annually, but updated forecasts indicate significantly higher figures.<\/p>\n<p>A model featuring five integrated resorts (IRs) has been discussed in Thai media. Each resort would require a minimum investment of THB100 billion ($2.9 billion). Proposed casino licenses would last 30 years, with an optional 10-year renewal.<\/p>\n<p>Kiang noted that 20-25% of visitors to Thai IRs could come from mainland China and Hong Kong, mirroring Singapore\u2019s market dynamics. He stated, <em>\u201cWe think the GGR per visitation in Singapore \u2013 at $386 \u2013 should be the most comparable with the expectations for Thailand.\u201d<\/em><\/p>\n<p>Ben Lee, managing partner at IGamiX Management and Consulting Ltd, believes international players alone could generate $10 billion in GGR for Thailand. Lee expects Chinese tourists to dominate the foreign player base, with Malaysia as the second-largest contributor due to its gambling culture.<\/p>\n<div class=\"main-org-3-item-ins box-100 relative mb-4\">\n<div class=\"space-org-3-items box-100 relative\">\n<div class=\"box-100 space-org-3-item relative border-tb mt-1 \">\n<div class=\"space-org-3-item-ins box-100 relative\">\n<div class=\"space-org-3-item-logo box-25 relative\">\n<div class=\"space-org-3-item-logo-ins box-100 text-center relative\">\n<div class=\"space-org-logo-title-box box-100 text-left relative\">\n<div class=\"space-org-3-item-logo-box box-25 relative img-radius\">\n\t\t<a href=\"https:\/\/igaming.org\/site\/mirax-casino\/\" title=\"Visit Site\" target=\"_blank\" rel=\"nofollow\"><br \/>\n\t\t<amp-img alt=\"Mirax Casino\" src=\"https:\/\/igaming.org\/wp-content\/uploads\/2023\/01\/Mirax-Casino.png.webp\" width=\"50\" height=\"50\" layout=\"fixed\"><br \/>\n\t\t<\/amp-img><br \/>\n\t\t<\/a>\n\t\t<\/div>\n<div class=\"space-org-3-item-logo-title box-25 relative py-10\">\n\t\t<a href=\"https:\/\/igaming.org\/site\/mirax-casino\/\" title=\"Mirax Casino\" target=\"_blank\" rel=\"nofollow\">Mirax Casino<\/a>\n\t\t<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-terms box-25 relative\">\n<div class=\"space-org-3-item-terms-ins box-100 text-center relative\">\n\t\t<strong>350% or 5BTC + <strong>150 Spins!<\/strong><\/strong><br \/>\n\t\t<\/p>\n<div class=\"pt-1\">New players only. Exclusive Welcome Bonus of 350% + 150 Free Spins\n<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-rating box-25 relative mb-10\">\n<div class=\"rating-box text-center box-100  relative\">\n<div class=\"space-org-3-item-rating-box relative\">\n<div class=\"stars\"><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><\/div>\n<div class=\"space-org-rating-notice relative\">Casino<\/div>\n<\/p><\/div>\n<p>\t\n\t\t\t\t <\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-button box-25 relative\">\n<div class=\"space-org-3-item-button-ins box-100 text-center relative\">\n\t\t\t\t<a href=\"https:\/\/igaming.org\/site\/mirax-casino\/\" title=\"Visit Site\" target=\"_blank\" rel=\"nofollow\">\tVisit Site<\/a>\n\t\t\t<\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p>Lee added, <em>\u201cI think Macau will be a potential loser simply because, at the moment, [Macau] gets about 93.5 percent of [its] visitors from Greater China.\u201d<\/em><\/p>\n<p>The two prosperous resorts in Singapore, which presently draw a constant stream of Malaysian visitors, may face direct competition from Thailand\u2019s IRs. Lee underlined that Singapore has benefited much from Malaysia\u2019s market, especially when it comes to mass-market competitors.<\/p>\n<p>The growth of Thailand\u2019s casino industry has the potential to change the gambling scene in Asia by drawing high-end tourists and escalating competition with well-known hotspots like Macau and Singapore.<\/p>\n<p>The post <a href=\"https:\/\/igaming.org\/casino-news\/thailands-casino-resort-market-poised-for-massive-growth\/\">Thailand\u2019s Casino Resort Market Poised for Massive Growth<\/a> appeared first on <a href=\"https:\/\/igaming.org\/\">iGaming.org<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Thailand\u2019s emerging casino resort industry holds the potential to generate $15 billion annually in gross gaming revenue (GGR) once fully established, according to Jeffrey Kiang, an analyst at CLSA Ltd. Speaking at the Thai Entertainment Complex Summit in Bangkok, Kiang highlighted Thailand\u2019s potential to become a leading gaming destination in Asia. A New Gaming Powerhouse [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"footnotes":""},"categories":[],"tags":[],"class_list":["post-8313","post","type-post","status-publish","format-standard","hentry"],"blocksy_meta":{"styles_descriptor":{"styles":{"desktop":"","tablet":"","mobile":""},"google_fonts":[],"version":6}},"aioseo_notices":[],"aioseo_head":"\n\t\t<!-- All in One SEO 5.0.1.1 - aioseo.com -->\n\t<meta name=\"description\" content=\"Thailand\u2019s emerging casino resort industry holds the potential to generate $15 billion annually in gross gaming revenue (GGR) once fully established, according to Jeffrey Kiang, an analyst at CLSA Ltd. 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