The Thai government is seeking investors to legalize casinos in Bangkok

Investments in the planned casinos in Thailand could reach between 200 and 300 billion baht (approximately $5.8 to $8.7 billion) for each facility, significantly higher than the initial estimate of 100 billion baht ($2.9 billion). This information was reported by the Bangkok Post, citing Thailand's Deputy Finance Minister Julapun Amornvivat.
According to the official, the casino bill will be a key agenda item when the parliamentary session opens in July, underscoring the government's commitment to expedite the legalization process. The first reading of the legislation in the National Assembly is scheduled for July 9.
Bangkok is being considered as the primary location for several entertainment complexes featuring casinos. The country may approve between three to seven sites, Amornvivat noted.
In the past two weeks, major global operators, including Wynn Resorts and MGM Resorts, have discussed potential investments. More than four international operators have already scheduled meetings to explore participation in the initiative.
"There are only 5 to 7 top-tier gaming companies in this segment, and all of them view Thailand as a promising destination. Special attention is being given to Bangkok, as its infrastructure can support multiple entertainment clusters," Amornvivat stated.
Thai authorities do not plan to allow small or unqualified operators into the market due to concerns over money laundering, gambling addiction, and regulatory issues.
Control measures will include mandatory registration for all visitors, 24-hour video surveillance, and adherence to international standards. Amornvivat emphasized that the level of regulation will be higher than that in the banking sector.
Currently, the bill is still under discussion. It is known that the final list of sites will be determined through a fair and transparent bidding process. The government aims to meet international regulatory standards while also aligning with investor expectations. According to Amornvivat, both Wynn Resorts and MGM Resorts have already expressed confidence in Thailand's legislative framework.
Notably, MGM Resorts International has announced the investment amount for the construction of the first casino in Thailand.