New Thai casinos will hit Resorts World Sentosa, NagaWorld

Free Malaysia Today

Resorts World Genting expected to be least impacted by the opening of legalised Thailand casinos.   Read More: https://www.freemalaysiatoday.com/category/highlight/2024/04/01/new-thai-casinos-will-hit-resorts-world-sentosa-nagaworld/    Free Malaysia Today is an independent, bi-lingual news portal with a focus on Malaysian current affairs.    Subscribe to our channel - http://bit.ly/2Qo08ry   ------------------------------------------------------------------------------------------------------------------------------------------------------ Check us out at https://www.freemalaysiatoday.com Follow FMT on Facebook: https://bit.ly/49JJoo5 Follow FMT on Dailymotion: https://bit.ly/2WGITHM Follow FMT on X: https://bit.ly/48zARSW  Follow FMT on Instagram: https://bit.ly/48Cq76h Follow FMT on TikTok : https://bit.ly/3uKuQFp Follow FMT Berita on TikTok: https://bit.ly/48vpnQG  Follow FMT Telegram - https://bit.ly/42VyzMX Follow FMT LinkedIn - https://bit.ly/42YytEb Follow FMT Lifestyle on Instagram: https://bit.ly/42WrsUj Follow FMT on WhatsApp: https://bit.ly/49GMbxW  ------------------------------------------------------------------------------------------------------------------------------------------------------ Download FMT News App: Google Play – http://bit.ly/2YSuV46 App Store – https://apple.co/2HNH7gZ Huawei AppGallery - https://bit.ly/2D2OpNP  #FMTNews #NagaWorld #WorldSentosa #ThaiCasino

Transcript

00:00 Thailand's move towards legalizing casinos will likely have a major impact on Southeast

00:06 Asia's gaming industry.

00:08 In a research note, Maybank Investment Bank said Genting Malaysia Berhad's resorts World

00:13 Genting is expected to be the least impacted by the development.

00:18 The research house said it is most concerned with Genting Singapore's resorts World Sentosa,

00:23 where around 60% of gross gaming revenue is derived from foreigners.

00:28 Maybank IB is also worried about Nagacorp's Naga 1 and 2, where almost all their GGR is

00:34 derived from foreigners.

00:35 However, the saving grace for the gaming giants is that it will be at least five years before

00:41 the first Thai casino is up and running.

00:44 Thailand took its first step towards legalizing casinos last week as the government looks

00:48 to attract more tourists to support its economy.

00:52 A study by a panel of lawmakers previously found that Thailand can increase tourism revenue

00:57 by about US$12 billion by housing casinos within large entertainment complexes.

01:04 Natasha Bust, FMT News.

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