Thailand Takes First Step to Legalize Casinos to Aid Economy [BNN Bloomberg (Canada)]
MGM Resorts International (MGM)
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Source: BNN Bloomberg
Asia's second-largest economy while also checking revenue leak from illegal gambling. The nation's 500-member House of Representatives Thursday voted in favor of a study by a panel of lawmakers to allow casinos to be housed within large entertainment complexes. A total of 253 out of 257 lawmakers present voted in favor of the plan. Deputy Finance Minister Julapun Amornvivat said the study will be forwarded to the Cabinet for a decision on whether legalizing casinos is “suitable for the nation.” Thailand is the latest nation to consider competing for a pie of the global casino industry, which IBIS World estimates generated $263.3 billion in revenue last year. The United Arab Emirates set up a framework for legalized gaming in September, with the emirates of Abu Dhabi and Ras Al Khaimah seen as frontrunners to introduce casinos. Galaxy Entertainment Group Ltd. and MGM Resorts International have been studying potential opening of casino resorts in Thailand as a hedge against unce
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MGM
Earnings
- 2/13/24 - Beat
MGM
Sec Filings
- 4/11/24 - Form PX14A6G
- 4/9/24 - Form 8-K
- 4/3/24 - Form 4
- MGM's page on the SEC website