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Las Vegas Sands, one of the world's largest casino operators, has expressed strong interest in expanding into Thailand's nascent gaming industry. In a recent earnings call, the company's CEO, Rob Goldstein, confirmed that Thailand could be a more promising opportunity for the firm compared to its stalled plans in New York.

Thailand is currently in the process of legalizing casinos, with plans to issue 5-8 casino licenses. The proposed tax rate on gross gaming revenue (GGR) is relatively low at 17%, making the market attractive for investors. Potential locations include key economic zones and popular tourist destinations like Phuket and Chiang Mai.

According to a study submitted to the Thai parliament, legalizing casinos could boost the country's tourism revenue by approximately $12 billion, with an expected increase in average tourist expenditure by 52% to THB 65,050 ($1,790) per trip.

Goldstein's remarks suggest that Thailand's large population, accessibility, and the willingness of people to travel to the country make it a "very, very exciting market" for Las Vegas Sands. The company's interest is not unique, as other major gaming operators, such as MGM Resorts and Galaxy Entertainment, are also reportedly studying the potential of the Thai casino market.

With the first casino in Thailand potentially opening as early as 2029, the country's emerging gaming industry presents a significant opportunity for global casino giants like Las Vegas Sands to capitalize on the growing demand for integrated entertainment complexes in the region.

Contact us today to get started on exploring the exciting opportunities in Asia's gaming industry.