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Galaxy Entertainment Has Eyes Just On Bangkok

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2024-11-25

Galaxy Entertainment Has Eyes Just On Bangkok

Galaxy Entertainment Has Eyes Just On Bangkok

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Galaxy Entertainment Group has stated that is to focus exclusively on Bangkok for its integrated resort (IR) aspirations.

As Thailand takes steps to legalize casino gambling and establish a regulated gaming industry, Galaxy Entertainment Group’s decision to concentrate solely on Bangkok, despite the availability of multiple license opportunities across the country, is a calculated strategy aimed at maximizing returns and leveraging the capital city’s unparalleled appeal as a global tourist destination.

Bangkok’s status as one of the world’s premier travel destinations serves as a cornerstone of Galaxy’s strategy. The Thai capital consistently ranks among the most visited cities globally, attracting millions of international tourists annually.

Galaxy’s management has explicitly cited the “certainty on investment return” as a crucial factor in their Bangkok-centric approach. The city’s established tourism ecosystem, coupled with its economic stability and growth prospects, offers a more predictable and potentially lucrative market for a large-scale integrated resort project.

The Thai government has outlined plans to issue approximately five gaming licenses across the country.

Geographic Distribution

According to reports, the proposed licensing structure includes:

This distribution reflects the government’s intent to spread the economic benefits of casino development across different regions of Thailand.

License Terms and Taxation

The proposed licensing framework includes several key provisions:

The relatively low tax rate, especially when compared to other gaming jurisdictions in the region (with the exception of Cambodia), is designed to attract significant investment from major international casino operators.

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