MGM Resorts’ President of Global Development, Ed Bowers, has urged the Thai government to maintain a competitive casino tax rate and ensure reasonable access for locals if it wants the industry to succeed.
In comments to The Bangkok Post following a meeting with government officials earlier this week, Bowers also urged authorities to work closely with operators to better understand how the casino business works – warning that their plans could fall apart if there is a mismatch between the government’s aspirations and an operator’s needs.
Bowers’ comments reflect similar thoughts he expressed during a speech at G2E Asia earlier this month when he stated that regulations governing casino operations need to allow for sufficient return on investment given the rising costs of IR development and the risk involved.
