Las Vegas Sands Approves Legal Casino Investment in Thailand

The opening of an integrated entertainment complex in the process of concluding a legal casino project in Thailand is a solution to the problem of illegal gambling.And for the benefit of the country's economy.

Macau media news that Las Vegas Sands (LVS) CEO Rob Goldstein has acknowledged interest in investing in a legal casino in Thailand.Integrated Entertainment Facilities Project Implementation Entertainment Complex believes that a casino in Thailand could open earlier than in Japan, and investment bank Maybank reports that Genting Singapore may participate in a bid to operate a casino in ThailandThe report states.

Legalizing casinos as Thailand's entertainment venuesIn addition to increasing Thailand's tourism revenue by approximately US$12 billion, the Thai government's initial proposal for a Gross Gaming Revenue (GGR) tax at a relatively low rate (17%) is expected to increase average per capita tourist spending by 52% to 65,050 baht (approximatelyUS$790).

Per its investment plans, the Thai government is currently looking for areas to issue licenses.The focus is on major economies such as the Eastern Economic Corridor (EEC) and popular tourist destinations such as Phuket and Chiang Mai.