Confidence continues to grow that the integrated resort bill in Thailand will be passed by the end of 2025.
If current plans and forecasts are realized, the first integrated resorts could open as early as the end of 2025, with the bill expected to be considered in the middle of the year.
Secretary-General Prommin Lertsuridej in an interview with Bloomberg News stated that the law should be passed six months from now at the earliest.
He also added that this indicates the beginning of market development next year, despite the need to go through many stages.
A portion of the integrated resort’s space will be allocated to gaming zones, while the remaining property will be used for entertainment, transforming these venues into multifunctional spaces that will support tourism development, rather than being limited to just gambling.
Recently, support was received from the new Prime Minister, Paetongtarn Shinawatra, for plans on seven projects, further strengthening the plans and accelerating their implementation, according to local media reports.
The industry has received significant support from the outset due to Shinawatra’s policies, as she outlined her plan focusing on the growth of the region’s entertainment and tourism sectors.
Her backing of the sector should come as little surprise, given her father, ex-Prime Minister Thaksin Shinawatra, also recently vocalized his support for the growth of the sector and its potential impact on the country’s economy.
The Nation reported that entertainment venues will be able to allocate 10% of their space for gaming zones.
Moreover, according to reports, three such venues are planned to open in Bangkok, tapping into the city’s economic opportunities.
This announcement follows Japan’s declaration of its ambitions for the growth of its casino sector, and MGM’s confirmation that it will waive its right to withdraw from the Japanese casino market, meaning plans to launch a casino in the region by 2030 will be officially approved.
The first casino project in the region will open in Osaka, with an estimated value of around $10 billion.
Thailand and Japan are actively competing for leadership in the opening of this sector, with both countries being considered among the most promising emerging markets for the future.
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