Thailand’s Initial Casino Regulations May Not Be Sufficient to Entice US Operators- Analyst Warns
Seaport Research Senior Analyst Vitaly Umansky has raised concerns that Thailand’s nascent casino regulations might not be robust enough to attract major operators from the United States. In a note published on Friday, Umansky evaluated the potential for US-based Wynn Resorts to enter the Thai market, suggesting that the current regulatory environment is not yet conducive to such involvement.
“This market is too early in the process to gauge if Wynn could eventually be involved, but at present, our thinking on Thailand is that the market will not be ready for the US-regulated operators to be involved,” Umansky stated, according to Inside Asian Gaming.
Wynn Resorts, along with other prominent US operators such as MGM Resorts and Las…