Thai parliamentary casino committee completes draft bill with 17% casino tax proposal
26 Mar 2024

Thai parliamentary casino committee completes draft bill with 17% casino tax proposal

Thailand’s push towards legalizing casinos took a significant step forward with the completion of a draft bill by a parliamentary committee. The legislation aims at establishing a framework for integrated entertainment complexes featuring casinos and will be read in the House of Representatives later this month. Endorsement with strong bilateral support on the parliamentary floor is almost guaranteed. The draft bill will then be put...

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Macau catalysts distinct from other China sectors
09 Jun 2023

Macau catalysts distinct from other China sectors

While Macau gaming stocks have underperformed Hong Kong’s Hang Seng Index by 7% so far in May, there are reasons why investors should categorise them differently from other equities with exposure to China consumer markets, suggests a report issued recently by the Morgan Stanley banking group. The institution made reference to a sustained sell-off by investors earlier this month, despite the improving trading situation in the Macau...

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