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Thaksin Shinawatra backs proposed casino legislation in Thailand

Regulation

Former Thai prime minister Thaksin Shinawatra backed casino legislation during a talk this week, reportedly arguing it could support the economy. The bill had been returned for public feedback before Srettha Thavisin left office, and casino bidding processes were expected to conclude that year, subject to regulatory approval.

Political backing may influence the proposed casino legislation and the progress of Thailand’s bidding process, subject to regulatory approval.

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Maybank analyst favours Genting’s Resorts World bid for New York casino licence

Maybank Investment Bank analyst Samuel Yin Shao Yang said the three remaining downstate New York casino bids were highly likely to win licences, while naming Genting Malaysia’s Resorts World New York City proposal as the frontrunner. The bid pledges a $600m licence fee, and the analyst said its existing site could support an earlier opening than rival proposals. The Gaming Facility Location Board is reviewing the bids before recommendations go to the New York State Gaming Commission.

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