Macau-based Galaxy Entertainment Group is considering investing billions of dollars in a proposed casino and entertainment complex in Bangkok, citing Thailand’s strong post-pandemic tourism recovery as a key factor.
Kevin Clayton, chief brand officer at Galaxy Resorts Thailand, noted that government initiatives, including plans to host Formula One and develop an entertainment hub, signal Thailand’s ambition to expand its tourism sector. These efforts could drive foreign arrivals from 36 million to 50 million and increase tourism revenue from 3 trillion to 5 trillion baht, contributing 30% of GDP, up from the current 20%.
“To achieve this level of growth, significant investment is needed in major attractions to appeal to both frequent and first-time visitors,” Clayton said. “Bangkok deserves a truly iconic complex.”
Despite the potential economic benefits, the proposed entertainment complex has faced opposition, leading the cabinet to delay discussions on the bill. Clayton acknowledged concerns over gambling legalization and said social issues must be addressed. He pointed out that while gambling remains illegal in Thailand, an estimated 60% of the population engages in some form of betting, with 30% participating in online gambling.
He argued that keeping gambling underground limits the ability to address social issues, whereas a regulated entertainment complex would provide oversight. “The industry is one of the most heavily regulated, with strict controls on customer acquisition, responsible gambling, and anti-money laundering,” he said.
Beyond financial investment, Galaxy Entertainment is willing to collaborate with regulators to ensure compliance with gambling laws and establish intervention programs. Clayton emphasized the company’s commitment to supporting a controlled and responsible gaming environment.