{"id":9052,"date":"2024-08-14T17:46:20","date_gmt":"2024-08-14T17:46:20","guid":{"rendered":"https:\/\/www.mundovideo.com.co\/en\/?post_type=asia&#038;p=9052"},"modified":"2024-08-14T17:46:21","modified_gmt":"2024-08-14T17:46:21","slug":"not-all-are-bad-news-for-macau-if-thailand-open-casinos","status":"publish","type":"asia","link":"https:\/\/www.mundovideo.com.co\/en\/asia\/not-all-are-bad-news-for-macau-if-thailand-open-casinos\/","title":{"rendered":"Not all are bad news for Macau if Thailand open casinos."},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Macau could find itself enjoying opportunities arising from Thailand\u2019s inclination towards a gambling industry, with a US$15.1 billion (MOP121.55 billion) casino market on the horizon.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><a href=\"https:\/\/www.youtube.com\/watch?v=4d0WZjXrn98&amp;t=29s\" target=\"_blank\" rel=\"noreferrer noopener\"><img decoding=\"async\" src=\"https:\/\/www.mundovideo.com.co\/assets\/feria24\/ice-london-termino-y-se-despidio-la-feria-en-imagenes-mgl.png\" alt=\"\"\/><\/a><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">According to brokerage CLSA, the Southeast Asian country could launch its first entertainment complex as early as 2029 \u2013 alongside a possible 17 per cent gaming tax on gross gaming revenue.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201c<em>Even though Chinese tourists are likely to be a major source of Thailand\u2019s post-Covid tourism rebound, we see sharp differences between Macau and Thailand tourism that would ensure Macanese gaming resilience,\u201d<\/em> analysts Jeffrey Kiang, Naphat Chantaraserekul, and Leo Pan wrote.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/www.mundovideo.com.co\/asia\/four-out-of-macaus-six-casino-concessionaires-have-expressed-interest-in-investing-in-thailand\" target=\"_blank\" rel=\"noreferrer noopener\">Four out of Macau\u2019s six casino concessionaires have expressed interest in investing in Thailand.<\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Visitor profiles, length of stay and origin were cited as key differentiators.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The analysts emphasised the special administrative region\u2019s <em>\u201cdiverse mix of visitors\u201d<\/em>, with 90 per cent of travellers from Hong Kong and mainland China. As for Thailand, mainland China and India will be viewed as \u201cuntapped markets given their low travel penetration\u201d at 0.1 to 0.2 per cent of the total population.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/www.mundovideo.com.co\/asia\/non-gaming-potential-in-macau-government-is-actively-trying-to-resolve-this-situation\" target=\"_blank\" rel=\"noreferrer noopener\"><u>Non-gaming Potential in Macau: government is actively trying to resolve this situation.<\/u><\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">If the travel penetration rate was to increase to 1.4 per cent in both countries, mirroring the rate from China to Macau, it would imply a potential 77 per cent and 9.9 times increase in annual visits to Thailand from China (comprising 28 per cent of total visits in 2019) and India (constituting 5 per cent of total visits in 2019).<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Macau could find itself enjoying opportunities arising from Thailand\u2019s inclination towards a gambling industry, with a US$15.1 billion (MOP121.55 billion) casino market on the horizon. According to brokerage CLSA, the Southeast Asian country could launch its first entertainment complex as early as 2029 \u2013 alongside a possible 17 per cent gaming tax on gross gaming [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":9053,"menu_order":175,"comment_status":"open","ping_status":"open","template":"","format":"standard","meta":{"inline_featured_image":false,"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-9052","asia","type-asia","status-publish","format-standard","has-post-thumbnail","entry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Not all are bad news for Macau if Thailand open casinos. - Mundo Video Entertainment | Casino News in Latin America and the World<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.mundovideo.com.co\/en\/asia\/not-all-are-bad-news-for-macau-if-thailand-open-casinos\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Not all are bad news for Macau if Thailand open casinos. - Mundo Video Entertainment | Casino News in Latin America and the World\" \/>\n<meta property=\"og:description\" content=\"Macau could find itself enjoying opportunities arising from Thailand\u2019s inclination towards a gambling industry, with a US$15.1 billion (MOP121.55 billion) casino market on the horizon. According to brokerage CLSA, the Southeast Asian country could launch its first entertainment complex as early as 2029 \u2013 alongside a possible 17 per cent gaming tax on gross gaming [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.mundovideo.com.co\/en\/asia\/not-all-are-bad-news-for-macau-if-thailand-open-casinos\/\" \/>\n<meta property=\"og:site_name\" content=\"Mundo Video Entertainment | Casino News in Latin America and the World\" \/>\n<meta property=\"article:modified_time\" content=\"2024-08-14T17:46:21+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2024\/08\/not-all-are-bad-news-for-macau-if-thailand-open-casinos.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1300\" \/>\n\t<meta property=\"og:image:height\" content=\"731\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.mundovideo.com.co\/en\/asia\/not-all-are-bad-news-for-macau-if-thailand-open-casinos\/\",\"url\":\"https:\/\/www.mundovideo.com.co\/en\/asia\/not-all-are-bad-news-for-macau-if-thailand-open-casinos\/\",\"name\":\"Not all are bad news for Macau if Thailand open casinos. - 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