Only six operators likely to apply for Thai casino licences as public doubts economic benefits
Thailand’s plan to establish a legal casino industry within entertainment complexes is expected to attract fewer bidders than initially anticipated. Research by Inside Asian Gaming (IAG) indicates that only six major international operators are likely to submit applications, raising concerns about the project’s overall appeal.
IAG contacted 15 operators that had either expressed interest or were in a position to bid. However, responses suggested that only three Macau-based operators, two from the United States and one other Asian operator, are serious contenders. Several operators ruled themselves out, while others stated that their focus remained on existing operations rather than expansion into Thailand.
The final number of bidders could still fluctuate, depending on the details of the legislation that is yet to be approved by the king. The success of the policy may also depend on how Thailand’s regulatory framework compares to Nevada’s Foreign Gaming provisions, which set standards for international gaming operations.
Japan’s experience raises caution
IAG’s analysis suggests that previous experiences in Japan’s casino licencing process may be influencing operators’ reluctance. Initially, Japan attracted interest from more than 20 global gaming companies, but strict regulations and high costs resulted in only one final bidder. Many operators appear hesitant to invest in a market that could present similar challenges.
Thailand is seen as a promising gaming destination, but concerns remain about how the government will structure its licencing framework. If the conditions are not favourable, the number of final bidders could be even lower than the six currently expected.
Public concerns over vice and economic gains
According to local media reports, a Nida poll surveying Thai citizens revealed widespread concern over the proposed casino policy. The most pressing issue for 32.60 percent of respondents is the potential rise in crime and social problems. Another 30.23 percent question whether the project will genuinely deliver economic benefits, while 28.09 percent worry about gambling addiction.
Other concerns include money laundering risks (24.89 percent) and whether casinos will become havens for influential figures and criminal activity (24.66 percent). Additionally, 20.15 percent of respondents questioned whether the government had measures in place to mitigate social impacts, and 18.55 percent doubted whether casinos would genuinely boost tourism.
Potential for social conflict
The poll also revealed that many Thais believe the casino plan could create political and social conflicts. Around 31.83 percent think it could lead to violent disputes, while 31.68 percent expect non-violent disagreements. A further 26.49 percent see it as a divisive issue but not one that will escalate into conflict.
Concerns about the policy’s transparency were also highlighted. Some respondents questioned why a public referendum had not been conducted, while others were sceptical about whether the government had adequately studied the economic feasibility of the project.
Get the inside track on iGaming’s biggest stories with SiGMA’s Top 10 news countdown! From breaking headlines to exclusive insights, the world’s biggest iGaming community delivers a weekly newsletter designed to keep you ahead of the game. Subscribe HERE to stay informed and unlock subscriber-only offers!
