Daily Asia Gaming eBrief: What’s next for casino legalization under Shinawatra?

Monday 19th of August 2024

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Good morning. It is now in Shinawatra’s hands. Gaming analyst and author, Daniel Cheng, discusses the implications of Paetongtarn "Ung Ing" Shinawatra's ascension to Prime Minister of Thailand, particularly regarding her plans to legalize casinos, a vision inherited from her father, Thaksin Shinawatra. Following the removal of former Prime Minister Srettha Thavisin, the Pheu Thai Party faces strategic dilemmas but appears reassured about advancing casino legislation, which could attract significant foreign investment and create jobs. Despite initial support from the Bhumjaithai Party, their recent criticisms suggest a desire for greater influence in shaping the bill. Meanwhile, Marina Bay Sands has banned its former Corporate Senior Vice President and Chief Casino Officer, Andrew MacDonald, from entering the Singapore property after receiving a Persona Non Grata (PNG) notice. The now Chief Casino Officer at Resorts World Sentosa could now be the target of legal action by MBS if he attempts to enter the IR.

What you need to know

Paetongtarn ‘Ung Ing’ Shinawatra could bring her father’s vision of legalizing casinos in Thailand to fruition.
Marina Bay Sands has banned former Corporate Senior Vice President and Chief Casino Officer, Andrew MacDonald, from entering MBS property.

On the radar

Macau’s gaming tax income jumped 58% YoY between Jan-July.
LET Group approves disposal of Tigre de Cristal.
Philippine Senator opposes revival of “e-sabong” online cockfighting.
AGTech receives approval to become controlling shareholder in Ant Bank (Macao).

AGB Intelligence

THAILAND

Shinawatra's Prime Ministership and Thailand’s gaming future

What will be the impact of Paetongtarn "Ung Ing" Shinawatra becoming Prime Minister of Thailand, particularly her aim to legalize casinos, a vision rooted in her father Thaksin Shinawatra's legacy. According to gaming analyst and author Daniel Cheng, with Srettha Thavisin's removal, the Pheu Thai Party faces critical choices but seems confident about pushing forward casino legislation that could draw significant foreign investment and generate jobs.
While the Bhumjaithai Party initially backed the plan, their recent critiques indicate a desire for more control over its development. Changes in leadership might shift the bill's direction, affecting investor strategies and introducing new dynamics in the Cabinet. Cheng emphasizes the necessity of comprehensive implementation plans for the entertainment complex, warning that without adequate oversight and governance, the legislation could falter, urging investors to stay alert to the evolving political landscape.

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