BANGKOK ¨C Thailand is setting its sights on becoming a global gaming hub, with plans to build a casino industry that generates billions in revenue, draws some of the biggest names in the business and benefits a thriving tourism sector.
But experts warn success will come only by playing its cards right on regulation, an area in which Southeast Asia¡¯s second-largest economy has a patchy record, such as its botched efforts to legalize cannabis in 2022.
¡°They want a transparent process that will protect their investment with appropriate regulation,¡± said Fredric Gushin of Spectrum Gaming Group, which helped Singapore build its casino industry into the world¡¯s No. 3, after Macau and Las Vegas.
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