Key points:
- Casino operator proposes gaming areas be capped at 5% of total complex space
- Up to 80% of revenue expected from gaming to support broader entertainment features
- Public concerns addressed through a focus on responsible gambling measures
In an interview with Thai media, Galaxy Resorts Thailand has called for a cap on casino floor space within Thailand’s proposed Entertainment Complexes, suggesting it be limited to just 5% of the total area.
The aim, the company says, is to ease public concern while ensuring sustainable economic benefit.
Kevin Clayton, Galaxy Resorts Thailand Chief Brand Officer, said the remaining 95% of the development would focus on hotels, shopping, restaurants, and non-gaming leisure attractions.
Despite its modest footprint, the gaming section could contribute up to 80% of revenue, he claimed, effectively subsidising the rest of the complex.
Clayton addressed ongoing public unease, attributing it to miscommunication and speculation. He stressed the company’s support for robust responsible gambling frameworks, including staff training, awareness campaigns and collaborations with counselling organisations. Entry restrictions would apply to individuals with debts or on state assistance.
Good to know: Thailand currently has no regulated casinos, but an estimated US$33bn gambling market operates informally, bringing no tax or employment benefit to the country.
With legislation under consideration, the Government hopes to use regulated Entertainment Complexes to attract foreign investment and raise tourism's share of GDP from 20% to 30%. Target tourist numbers are projected to rise from 40 million to over 50 million.
Clayton warned, however, that excessive regulation could diminish the benefits of investment.
He noted that Galaxy Resorts operates under international financial governance standards and is prepared to work closely with Thai authorities to ensure strong safeguards against money laundering and problem gambling.
