Key points:
- MGM International predicts Thailand could generate over $10bn in annual gaming revenue.
- Singapore’s integrated resorts cited as a benchmark for balanced gaming development.
- Regulatory flexibility and Government cooperation seen as vital for industry sustainability.
As reported by Macao Daily, Ed Bowers, President of Global Development at MGM International, suggested Thailand may soon become Asia’s most desirable destination for integrated resort investment. Speaking during the G2E Asia Forum, Bowers said the country has the potential to surpass $10bn in annual gross gaming revenue, should legislation and infrastructure align.
Bowers described Thailand as a formidable emerging competitor in the region, offering a scale of opportunity that is likely to attract strong interest from major gaming operators. He added that while Macau had historically focused on VIP business, it had since evolved toward diversified offerings, including cultural, culinary and environmental elements, contributing positively to its broader appeal.
The MGM executive also pointed to Singapore as a valuable example, where integrated resorts combine gaming with other attractions, supporting tourism and job creation while also maintaining clear safeguards for local residents through responsible gaming frameworks.
However, he noted that other countries in Asia remain constrained by regulatory or infrastructure limitations. In South Korea, while Government support exists, the industry is hindered by restrictions on local participation. Vietnam faces similar challenges, with limited local access weakening investor confidence.
Bowers also referenced MGM’s upcoming project in Osaka, Japan. Spanning over 68,000 square meters, it will include hotel, dining and gaming facilities. Despite construction costs and complex regulatory hurdles, Bowers expressed optimism due to Japan’s geographic advantages and transport links.
