Bo Bernhard, a game professional, recalls a discussion he had with the Singapore Tourism Board in the early 2000s.
Singapore is a stunning, tropical nation, according to a committee member. There is a fantastic banking and business society, but we are a little boring. “
Mr. Bernhard told the Bangkok Post that Thailand is facing a similar problem while he was seated on the 28th floors of an uber-luxurious hotel in Bangkok in the middle of May. The nation now has a lot of tourist attractions, but it needs to take action to stop the sector from stagnating.
A business may have previously traveled from the aircraft to a convention in Singapore and subsequently left as soon as he could, he said.
However, thanks to integrated hotels like the Marina Bay Sands Casino and the World Sentosa Casino, he may bring his family along today and make the trip memorable.
These help make Singapore a regional hub for both family-friendly and games, as well as having a multiplier effect that encourages guests to extend their stay.
Mr. Bernhard said he believed that Bangkok may yet exceed Singapore in terms of tourism outcomes if it follows Singapore’s instance and invests in an amusement challenging, or even two.
” Bangkok has a crucial mass of equipment. It has a top-notch airports. He predicted that Bangkok by itself, with two resorts, could beat Singapore and beat it as one of Asia’s biggest gambling hotspots.
Mr. Bernhard, Vice President of Economic Development at the University of Nevada, Las Vegas ( UNLV), and Co-Founder of the International Responsible Gaming Alliance, recently traveled to Bangkok to meet political bigwigs and economists to entice Thailand to join the casino industry, and explain why it might have cause to regret if it doesn’t.
Mr. Bernhard has been supporting the Pheu Thai Party’s efforts to legalize games in the country despite not having a formal relationship with the government.
The most contentious thought in Thai politics is the casino bill, which also applies to Phuket’s entertainment difficult policy.
The Paetongtarn Shinawatra government was seen as trying to pass the costs through a browsing in parliament in early April, sparking outrage.
Pheu Thai therefore announced that it would delay the payment until after job. It has not yet withdrawn or suggested making any changes to the document.
A lack of explanation for the size of the project is key to the debate against it. The leisure complex depicts a big hotel, a brand-new man-made interest, that can attract visitors to the nation year round, regardless of the season.
The challenging is likely to have a convention center, a water park, a theme park, a hotel, a musical theater, and other services.
Only 10 % of the composition will be used for entertainment. Customers will have to register and pay an entrance charge to avoid it becoming another gambling cave. To gain access to Thailand, visitors may have a deposit of at least 50 million dollars for at least six months.
Detractors are unsure of their own convictions. According to Opposition MP Rangsiman Rome, who said” criminals run riot and acts like money laundering and individual smuggling have flourished,” what laws would prevent the new locations from falling into the same traps as Myanmar’s Shwe Kokko, Kings Romans in Laos, and Dara Sakor in Cambodia.
That’s the very point Thailand has avoid, according to Mr. Bernhard in a conversation with a small number of Bangkok-based media outlets. According to Mr. Bernhard, critical gaming companies favor working with a robust regulatory framework.
Thailand is thought to be interesting and beautiful by severe operators. The law should be strengthened, according to major operators. You want renowned game companies that have strict laws governing money-laundering or know-your-customer laws.
To make sure it’s clear, they want to see the bucks that are legitimately spent, counted, and taxed. The procedures may be rigid.
The typical person who hasn’t visited any of these locations “imagines something diverse,” according to Mr. Bernhard,” when in fact a casino is only a small part of the difficult.”
Each world games company’s business model and strategy are unique.
For instance, MGM Resorts International is a well-known leisure and sports corporation, while Las Vegas Sands focuses on a business-tourism business model.
These businesses must expand their portfolios. For instance, if one revenue stream fails in Macau, Bangkok will remain there, which is a company power, he said.
Narongchai Yaisawang, a study economist, endorsed Mr. Bernhard’s thoughts.
According to him, Las Vegas receives about 42 million visitors yearly, compared to Thailand’s history 40 million in 2019, which is comparable to Thailand’s.
However, Las Vegas, which has between 25 and 30 mega resorts, has a visitor who typically spends US$ 2,000 ( 66,000 baht ) –$ 5,000 per trip.
He estimated that foreign visitors to Thailand spend about$ 1,500 per head per trip.
According to Mr. Bernhard, the upcoming decades will be the most interesting for the fun sector, which includes commerce, sports, and enjoyment.
This is the first time in history that more than 50 % of the world’s population is middle-class or higher. Two-thirds of the population may be middle-class in ten times.
When it comes to the new wave of prosperity coming from Guangzhou or India, Thailand will drop out in the face of geographical competition because” that number is only going to go up in the next 50 years.” “