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may25

The chairman of Galaxy Entertainment Group has voiced his optimism for Macao’s future, but also expressed concerns about the evolving landscape. Francis Lui was speaking at the opening of Global Gaming Expo Asia (G2E) opening held at the Venetian yesterday morning. 

In his keynote address entitled “Embracing New Horizons for Sustainable Growth in Macao,” Lui reflected on his G2E speech delivered in 2017, when he outlined six industry priorities, noting how they remain relevant today as they did when he first shared them eight years earlier. 

In addition to collaborating with the central government, integrating more closely with the Greater Bay Area (GBA) market, and working with the Gaming Inspection and Coordination Bureau to develop a more sustainable gaming industry, Lui stressed the importance of supporting non-gaming and MICE amenities throughout Macao, along with leveraging the city’s UNESCO and cultural heritage ties to uphold its economic diversification strategy.~

https://macaonews.org/news/business/macau-g2e-keynote-speech-2025-francis-lui/


may25

Regional rivals eye the top spot

As the session concluded, panelists were asked to rank Asia’s top gaming markets 10 years into the future.

Bowers named Macau as number one, but gave a bullish nod to Japan and Thailand: “If Japan ends up with more than one casino, it could take second. Thailand is right behind. I’m optimistic about it.”

Meanwhile Murray agreed Macau would retain its lead but flagged Thailand as a potential disruptor if legislation is passed.

“They’ll move faster than Japan. If they greenlight multiple casinos, they’ll be a serious competitor,” he said. He was less enthusiastic about Japan’s sluggish regulatory progress: “I’m afraid we’ll be stuck with just one operator for a while.”

Dhruv Garg, a policy expert from the Indian Governance & Policy Project, also championed Thailand. “It’s more affordable and attractive for Indian travelers than even domestic destinations,” he said. “And if a few Indian states open multi-casino resorts, they could challenge Singapore on domestic volume alone.”

Paul Bromberg, of Spectrum Gaming Group, meanwhile kept his forecast more conservative: “Macau. Singapore. Philippines. Japan will stay in fourth as long as there’s just one casino,” indicated the veteran.

But perhaps the most provocative prediction came from Vitaly Umansky, Senior Analyst at Seaport Research Partners, who suggested that the Philippines could overtake Singapore, driven by its burgeoning online gaming sector.

“If that growth continues,” Umansky questioned, “and if regulatory trends hold, the Philippines has the potential to be Asia’s number two gaming jurisdiction within a decade.”

https://agbrief.com/intel/deep-dive/08/05/2025/macaus-grip-on-asias-gaming-crown-continues-but-new-challengers-rise/


ab25

“Macau will always have its place, attracting Chinese gamblers. But Thailand is a whole different matter,” she said, adding that a diversified tourism base, including visitors from Southeast Asia, Europe, and beyond, could make Thailand a formidable player.

Yet challenges loom. Wade cautioned against betting too heavily on Chinese patrons. “We don’t know if Thailand’s law will even allow Chinese tourists to gamble easily under current provisions. The regulations are quite onerous.”

Instead, she suggested Thailand might tap other growing markets, including India. “Nobody talks much about the Indian market, but I think it’s huge,” Wade said. “Thailand has a much better opportunity to attract Indian tourists, among others.”

Comparisons with Singapore — often held up as a model — may be misleading, he added. “Singapore is a totally different kind of beast, with built-in restrictions. Thailand, by contrast, has space, a vast tourism base, and likely fewer constraints.”

However, Lee still raised a final, critical point: how Chinese authorities perceive Thailand’s ambitions.

“Thailand has over 700,000 hotel rooms,” Lee said. “Imagine if they turbocharge tourism with a few casino licenses — it would be phenomenal.” Wade

“Last year, China issued warnings against citizens gambling in Singapore,” he noted. “This year, similar warnings were given about Thailand.”

https://www.macaubusiness.com/thailands-gaming-market-may-pose-unprecedented-challenge-to-macau-mbtv-debates-panel/


 ab25

Thailand’s gaming market may pose unprecedented challenge to Macau – MBtv Debates panel

https://www.macaubusiness.com/thailands-gaming-market-may-pose-unprecedented-challenge-to-macau-mbtv-debates-panel/



Fev23

Under Thai Law (Gambling Act BE 2478 (1935)), gambling is illegal even though the Kingdom permits betting on horse races, a government-sponsored lottery, on some Muay Thai fights. For a long time (at least a decade in terms of public political discussion), there have been rumours of the impending legalization of casino gaming in Thailand. Some nearby countries – Laos, Cambodia, Malaysia, Singapore – already legalized it in order to attract foreign tourists, to diversify the touristic products available and to increase government revenue.

On January 12, Thailand House of Representatives approved (by an overwhelming majority) a report prepared by a special House committee studying the feasibility and economic value of the legalization of gaming in Thailand, including allowing integrated resorts (IR) (“mixed-use entertainment complexes”) with casinos. The report has a comprehensive nature, covering not only several modalities of gaming to be eventually legalized but also social concerns related to the negative aspects of gaming. Following this report, further studies are to be conducted, namely by the government, examining the potential benefits and drawbacks of legalized casino gaming and other modalities of gaming and gambling.

https://www.macaubusiness.com/opinion-thailand-casino-gaming-legalization-and-cannibalization-of-macau-vip-gaming/

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