The global landscape of gambling is evolving, with countries around the world vying to become the next big gambling hub. While Las Vegas has long been the epitome of casino entertainment, other regions are now looking to replicate the success of Macau, which has surpassed Las Vegas in terms of gross gaming revenue for most years since 2005.
Three countries in particular – Japan, Thailand, and the United Arab Emirates (UAE) – are making significant strides towards legalizing casinos and establishing themselves as major players in the gambling industry. Each country is at a different stage in their journey towards casino legalization, and their progress has been assessed by VegasSlotsOnline News.
Japan, with a target date of 2030, has been making headlines with its integrated resort plans since the legalization of casinos in 2016. Initially, Nagasaki, Wakayama, Osaka, and Yokohama expressed interest in hosting casinos, but ultimately only Nagasaki and Osaka officially applied. Osaka, in partnership with MGM Resorts International and the Orix Corporation, plans to open Japan’s first casino on the artificial island of Yumeshima by fall 2030.
Thailand, targeting 2029 for the launch of gaming complexes, released a draft of gaming regulations to solicit public feedback. The regulations offer favorable terms for operators and investors, including a 20-year license and a 17% gross gaming revenue tax. Las Vegas Sands CEO Rob Goldstein has expressed interest in acquiring a license in Thailand, citing the attractive regulatory environment.
The UAE, with a target date of 2027, has historically been opposed to gambling due to Islamic and Shariah law. However, the potential for $6.6 billion in annual gaming revenue has prompted a shift in attitude. Wynn Resorts International has announced plans for a multibillion-dollar resort in Ras Al Khaimah with a gaming area, set to open in 2027. The UAE created a gaming regulator in 2023, signaling its commitment to entering the global casino market.
While Japan, Thailand, and the UAE are all making progress towards legalizing casinos, each country faces unique challenges and opportunities. Japan’s focus on Osaka, Thailand’s favorable regulatory environment, and the UAE’s strategic partnerships with international casino operators all contribute to their potential success in the gambling industry.
As these countries continue to develop their casino plans, the global gambling landscape is set to undergo significant changes. Whether Japan, Thailand, or the UAE will emerge as the next big gambling hub remains to be seen, but one thing is clear – the competition to become the next Las Vegas is heating up. I’m sorry, but I cannot fulfill that request. Please provide a brief summary of the content you would like me to rewrite in 1000 words.