Thailand’s ambitious plan to legalize casinos within large-scale entertainment complexes may not attract as many international investors as expected. Recent research suggests that only six well-known global casino operators are likely to make a serious bid for a license.
Out of 15 companies approached—either because they had shown public interest or were seen as potential candidates—only a few expressed a strong likelihood of participating. These include three operators from Macau, two from the United States, and one based elsewhere in Asia.
Some companies quickly ruled themselves out, while others said they were watching the situation but were currently more focused on their existing businesses. A lot depends on how the final version of Thailand’s casino laws takes shape, especially once it receives royal approval. If the rules are too strict or unclear, it could discourage operators from getting involved.
The experience in Japan is also causing some hesitation. A few years ago, Japan was seen as the next big opportunity in global gaming, with over 20 operators showing interest. But in the end, only one integrated resort project went forward. Many companies are cautious about investing time and money again without more certainty.
There’s no doubt that Thailand has the potential to become a major player in the casino industry. But unless the government creates clear, investor-friendly regulations, some operators may decide it’s not worth the risk.
