Brokerage CLSA forecasts Thailand’s potential legalised 바카라 market could generate annual gross gaming revenues (GGR) of $15.1 billion (13.9 billion), making it the third largest globally. This optimistic projection hinges on Thailand’s anticipated tourism growth, particularly from China and India, alongside favourable regulatory conditions.
CLSA analysts estimate that Thailand could attract 39 million visitors annually, with each spending an average of $386 (356). The countrys relatively low 17 percent gaming tax rate and lack of strict caps on gaming tables and slot machines could lead to an EBITDA margin of around 40 percent, comparable to Singapores integrated resorts (IR) like Marina Bay Sands and Resorts World Sentosa.
The CLSA report translates these figures into an annual gross gaming revenue (GGR) of $2.1 billion (1.9 billion) per complex and an EBITDA of $805 million (743.6 million), with a return on invested capital (ROIC) of 23.9 percent and a payback period of about four years once fully operational. This substantial economic potential positions Thailand as a lucrative market for international 바카라 operators.
Thailand’s government is actively working to enhance tourism infrastructure, which is expected to boost its appeal to key markets, especially China and India. These countries accounted for 33 percent of Thailand’s visitors in 2019, but their current travel penetration rates of 0.8 percent for China and 0.1 percent for India suggest significant growth potential.
Despite the promising outlook for Thailands 바카라 market, CLSA does not anticipate a significant impact on Macau‘s dominance in the global gaming industry. CLSA study said the differences in visitor profiles and market offerings between Macau and Thailand are expected to allow both markets to thrive concurrently. Macau’s well-established gaming infrastructure and unique cultural heritage offer a different experience compared to Thailand’s emerging market.?
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