New Government: weed is out but Gambling is In?
Posted: Sat Jun 03, 2023 1:43 pm
so which is worse for the locals?
Have some of the people stoned some of the time and rake in huge $$ via tax's
or have some of the people end up in debt?
full story;
https://www.thestar.com.my/aseanplus/as ... n-thailand
Have some of the people stoned some of the time and rake in huge $$ via tax's
or have some of the people end up in debt?
BANGKOK, June 2 (Bloomberg): Two of the world’s top casino operators are laying the groundwork to potentially establish gambling facilities in Thailand as the industry looks to hedge against a deteriorating outlook in Macau.
The discussion took place before May’s general election and, while it’s unclear what legislation the new government will enact, the committee’s proposal that several casino resorts be established was approved by the House of Representatives in January.
Separately, Las Vegas Sands Corp. has repeatedly expressed interest in Thailand. Chief Executive Officer Robert Goldstein said during an earnings call in January that the group is "looking hard” at the country and would love to have a presence in the market
While any entry into new markets depends on Thailand and UAE removing legal restrictions, the industry expects change is on its way. Even though Thailand is still in the throes of a leadership transition, the casino resort proposal won cross-party support and is widely expected to be given the green light by the new government.
full story;
https://www.thestar.com.my/aseanplus/as ... n-thailand