• Subscribe
  • Magazines
  • About
  • Contact
  • Advertise
Wednesday 17 September 2025
  • zh-hant 中文
  • ja 日本語
  • en English
IAG
Advertisement
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
    • Africa
    • Australia
    • Cambodia
    • China
    • CNMI
    • Europe
    • Hong Kong
    • India
    • Japan
    • Laos
    • Latin America
    • Malaysia
    • Macau
    • Nepal
    • New Zealand
    • North America
    • North Korea
    • Philippines
    • Russia
    • Singapore
    • South Korea
    • Sri Lanka
    • Thailand
    • UAE
    • Vietnam
  • Events
  • Contributors
  • SUBSCRIBE FREE
  • 中文
No Result
View All Result
IAG
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
    • Africa
    • Australia
    • Cambodia
    • China
    • CNMI
    • Europe
    • Hong Kong
    • India
    • Japan
    • Laos
    • Latin America
    • Malaysia
    • Macau
    • Nepal
    • New Zealand
    • North America
    • North Korea
    • Philippines
    • Russia
    • Singapore
    • South Korea
    • Sri Lanka
    • Thailand
    • UAE
    • Vietnam
  • Events
  • Contributors
  • SUBSCRIBE FREE
  • 中文
No Result
View All Result
IAG
No Result
View All Result

MGM Resorts confirms potential Thailand IR bid will go through Macau subsidiary MGM China

Ben Blaschke by Ben Blaschke
Thu 1 Aug 2024 at 06:28
MGM Resorts confirms potential Thailand IR bid will go through Macau subsidiary MGM China

Bangkok, Thailand

76
SHARES
1.9k
VIEWS
Print Friendly, PDF & Email

MGM Resorts has confirmed that any bid it launches to develop an integrated casino resort in Thailand will be done through its Macau subsidiary MGM China.

The company’s CEO and President, Bill Hornbuckle, told investors during MGM’s 2Q24 earnings call that he and MGM China Chairperson and Executive Director Pansy Ho would visit Thailand in August to explore the opportunity, with the Ministry of Finance due to deliver the findings of a feasibility study into legalized casino gaming in the weeks ahead.

“[Thailand] is a venture that we’re interested in and if we do that, we’ll do it through MGM China Holdings,” Hornbuckle said. The MGM Resorts boss had previously outlined the company’s interest in pursuing Thailand, stating in a previous earnings call that “the cost to do business there, the margins that could be had would be compelling.”

CLSA analysts this week suggested Thailand could become a US$15 billion market if fully realized, with four of Macau’s six concessionaires said to be interested in pursuing a license.

MGM Resorts, meanwhile, has also showed interest in the UAE where it is part of a development in Dubai that will boast three MGM-owned hotel brands. The company is looking to incorporate casino gaming into that development, or alternatively in Abu Dhabi, although any such action is dependent on either of those Emirates deciding to issue a casino license at all.

Nevertheless, Hornbuckle described as “great news” this week’s announcement by the General Commercial Gaming Regulatory Authority (GCGRA) that it had issued the UAE’s first lottery license.

“This is something they said they would do, so I’m encouraged that the rest of this will roll out as defined now,” he said of the UAE regulator.

“Timing is still unknown, it kind of keeps moving around, but I can’t imagine by end of this quarter or into early next quarter that we won’t know with some specificity around what it means for Abu Dhabi and then potentially what the umbrella language is as it relates to all of the other Emirates.

“We’re excited by our position in Dubai where we and our partner have an amazing facility property that’s under construction as we speak and has an accommodation for large scale casino [if licensed], so there are a lot of opportunities throughout the region.”

Hornbuckle noted that the UAE’s license is “going to be spoken for”, referencing Wynn Resorts’ ongoing development in Ras Al Khaimah, but said “I would suggest that each Emirate will have its own opportunity to issue a license and we’ll continue to follow that closely, particularly for Dubai.”

RelatedPosts

Tinian senator puts forward bill to offer online gaming licenses

Chinese nationals launch legal action over alleged fraudulent use of investment funds assigned for Tinian casino projects

Wed 17 Sep 2025 at 05:34
Philippines’ maiden PIGO platform generates GGR of US$2.3 million in first six months of operation

DigiPlus said to be eying acquisition of land-based casino pending online gaming regs

Mon 15 Sep 2025 at 21:59
POST-COVID5: Re-opening mood is growing. What will drive the ramp-up?

Macau gaming tax climbs to new post-pandemic high of MOP$8.31 billion in August

Fri 12 Sep 2025 at 06:20
Artyzen Grand Lapa: Enjoy Macau in the heart of it

MGM China to pay up to US$26 million to Shun Tak in 2025 for use of Macau hotel rooms

Thu 11 Sep 2025 at 21:39
Load More
Tags: Bill HornbucklecasinoMGM ChinaMGM ResortsPansy HoThailand
Share30Share5
Ben Blaschke

Ben Blaschke

A former sports journalist in Sydney, Australia, Ben has been Managing Editor of Inside Asian Gaming since early 2016. He played a leading role in developing and launching IAG Breakfast Briefing in April 2017 and oversees as well as being a key contributor to all of IAG’s editorial pursuits.

Current Issue

Editorial – Flipping the script

Editorial – Flipping the script

by Ben Blaschke
Thu 28 Aug 2025 at 12:30

This month represents an important milestone for Inside Asian Gaming as we launch IAG EXPO – an expansion of the...

Asia market roundup

Asia market roundup

by Ben Blaschke
Thu 28 Aug 2025 at 12:26

Inside Asian Gaming takes a deep dive into the state of Asia-Pacific’s key gaming markets: who’s hot, who’s not and...

Rewriting the rules

Rewriting the rules

by Newsdesk
Thu 28 Aug 2025 at 11:43

IAG EXPO, taking place at Newport World Resorts from 8 to 10 September, is not your usual trade show. IAG...

Test of character

Test of character

by Newsdesk
Thu 28 Aug 2025 at 11:28

Since its establishment in 1989, Gaming Laboratories International (GLI) has developed into the world’s most trusted name when it comes...

Evolution Asia
Evolution Asia
Aristocrat
GLI
Nustar
SABA
Mindslot
Solaire
Hann
Tecnet
NWR
NWR

Related Posts

Genting’s KT Lim moving to take New York’s Resorts World Catskills private

Genting Malaysia plan to sell off non-gaming assets of Resorts World Catskills delayed for a second time

by Newsdesk
Wed 17 Sep 2025 at 17:06

A previously announced transaction that will involve Genting Malaysia selling off a raft of non-gaming assets associated with its Resorts World Catskills (RWC) integrated resort in New York state has been delayed for a second time to allow investors involved...

Publication of record

Melco ordered to pay total US$13,700 to City of Dreams Manila workers let go during COVID

by Newsdesk
Wed 17 Sep 2025 at 17:03

The Philippines’ Court of Appeals (CA) has ordered a subsidiary of Melco Resorts & Entertainment (Philippines) Corp to pay nominal damages of Php30,000 (US$527) to each of 26 former employees of City of Dreams Manila who were terminated under a...

Melco’s Tokyo office raided by Public Prosecutor as Akimoto scandal deepens

Melco prices new notes offering at US$500 million

by Newsdesk
Wed 17 Sep 2025 at 06:16

Melco Resorts & Entertainment subsidiary Melco Resorts Finance Limited has priced its international offering of senior notes at US$500 million aggregate principal amount of 6.500% senior notes due 2033. The proceeds will be used to redeem all outstanding 5.250% senior...

Tinian senator puts forward bill to offer online gaming licenses

Chinese nationals launch legal action over alleged fraudulent use of investment funds assigned for Tinian casino projects

by Newsdesk
Wed 17 Sep 2025 at 05:34

A group of more than 20 Chinese nationals have filed a complaint with the Supreme Court of the State of New York alleging misrepresentation of investment opportunities connected to development projects in the Northern Mariana Islands (notably Tinian), the diversion...

Your browser does not support the video tag.


IAG

© 2005-2025
Inside Asian Gaming.
All rights reserved.

  • SUBSCRIBE FREE
  • NEWSFEED
  • MAG ARTICLES
  • VIDEO
  • OPINION
  • TAGS
  • REGIONAL
  • EVENTS
  • CONSULTING
  • CONTRIBUTORS
  • MAGAZINES
  • ABOUT
  • CONTACT
  • ADVERTISE
  • 中文

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • 中文
  • Subscribe
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
  • Events
  • Contributors
  • Magazines
  • Advertise
  • Contact
  • About
  • Home for G2E Asia

© 2005-2025
Inside Asian Gaming.
All rights reserved.

  • 中文
  • English