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Search Result for “mgm”

Showing 1 - 10 of 34

BUSINESS

Galaxy Resorts calls for luxury strategy to maximise growth

Business, Molpasorn Shoowong, Published on 05/08/2025

» As Thailand has already passed its tourism peak of 40 million tourists, the country requires luxury marketing and new public-private partnership investment in luxury tourism that targets the growing number of affluent travellers from Asia-Pacific in order to maximise growth, says Galaxy Resorts Thailand.

BUSINESS

Thailand to withdraw casino bill as ruling bloc hit by crisis

Bloomberg and Reuters, Published on 07/07/2025

» The government will withdraw a controversial bill to legalise casinos from parliament following mounting public opposition and a fresh bout of political turmoil that has reduced the ruling coalition’s majority. 

BUSINESS

Thai tourism businesses unfazed by casino bill delay

Molpasorn Shoowong, Published on 26/06/2025

» The government’s decision to put its entertainment complex bill on the back burner should not affect Thailand’s tourism industry, as the country has welcomed plenty of tourists without this type of attraction in the past, according to the Thai Hotels Association (THA).

BUSINESS

MGM Resorts urges 'competitive' casino tax

Business, Molpasorn Shoowong, Published on 21/05/2025

» Thailand should have a casino tax rate that is competitive with Singapore and a substantial number of locals should be allowed to visit casino complexes, rather than solely serving foreign tourists in order to stimulate tourism and economic growth, says integrated resorts operator MGM Resorts International.

BUSINESS

Shares rise as trade tensions ease slightly

Business, Nareerat Wiriyapong & Nuntawun Polkuamdee, Published on 26/04/2025

» RECAP: Asian shares rose yesterday in line with a global relief rally as trade tensions cooled and US Federal Reserve officials indicated they would be open to cutting interest rates earlier than anticipated.

BUSINESS

Work starts on long-delayed $9bn casino in Japan

Bloomberg News, Published on 24/04/2025

» A quarter-century after gambling resorts were first proposed in Japan, officials have finally broken ground on construction of what could become Asia’s highest-grossing casino.

BUSINESS

Thailand to delay debate on casino bill as opposition mounts

Bloomberg, Published on 08/04/2025

» Thailand will delay a parliamentary debate on a bill seeking to legalise casinos as opposition mounts against the controversial proposal touted by the government as a way to attract investment and bolster tourism.

BUSINESS

Thailand’s big casino gamble hangs on fine print

Reuters, Published on 12/02/2025

» Thailand is setting its sights on becoming a global gaming hub, with plans to build a casino industry that generates billions in revenue, draws some of the biggest names in the business and benefits a thriving tourism sector.

BUSINESS

Macau leadership candidate decries ‘wild’ casino expansion

Bloomberg News, Published on 28/08/2024

» A former judge in Macau who is running for the city’s top leadership position has warned against the dominant role casinos play in the local economy, comments that could add to the worries for the industry.

BUSINESS

Horse racing club plans B200bn entertainment complex

Post Reporters, Published on 27/08/2024

» The Royal Turf Club is raising a 200-billion-baht fund to open an entertainment complex that will include a casino on a vast land plot in Bangkok.