Murray provided a comparative analysis of global markets, with a particular focus on Las Vegas, which has seen notable recovery post-pandemic.
In discussing regional competitors, he said the Philippines is making significant strides through aggressive expansions by companies like Alliance Global Group.
Conversely, he noted Macau risks stagnation by focusing too heavily on compliance rather than innovation.
Looking ahead, Thailand could emerge as a formidable player in the integrated resort landscape under Prime Minister Paetongtarn Shinawatra’s proposed casino legislation—anticipated to pass as early as 2025 with potential openings by 2029.
This law has attracted major players due to its favorable terms, with gaming licenses valid for 30 years with a base tax rate of just 17%, compared to Macau’s hefty tax rate of 40% on gross gaming revenue.
With “ambitious goals to increase inbound tourism from 36 million to 60 million by 2030,” these developments are seen as vital for revitalizing Thailand’s economy and shaking up the gaming landscape. Nadia Shaw
