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Macau Casino Operators Eye Thailand Growth Opportunities
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Macau's casino operators are increasingly viewing Thailand as a promising avenue for organic growth.
>Four out of Macau's six casino operators are reportedly exploring investment opportunities in Thailand.
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Investment Group CLSA
>Investment group CLSA has reported that four of Macau's six casino operators are considering investing in Thailand. The report suggested the annual gross gaming revenue (GGR) value of the Thai casino industry could reach up to $3 billion in the next five years.
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Casino Concessionaires
>The four casino concessionaires that have expressed interest in investing in Thailand are MGM China, Galaxy Sands, and Melco Resorts & Entertainment. These companies are all major players in the Macau casino market and are looking to diversify their operations into new markets.
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Legalized Casino Market
>Thailand is currently considering legalizing its casino market. A recent study by brokerage CLSA forecasts that a legalized casino market in Thailand could generate annual GGR of up to $3 billion. This would make Thailand one of the largest casino markets in Asia.
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Conclusion
>The potential legalization of casinos in Thailand is a major opportunity for Macau's casino operators. The four companies that have expressed interest in investing in Thailand are well-positioned to take advantage of this opportunity and grow their businesses.
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