6 Global Giants Invest Over 100 Billion THB in Thailand's Entertainment Complex
January, 15 2025
This initiative aims to elevate Thailand’s tourism industry, boosting GDP by 0.7% after opening, creating over 20,000 jobs, and ensuring strict regulatory oversight.
Thailand’s New Entertainment Complex Model
Dr. Prommin Lertsuridej, Secretary-General to the Prime Minister, revealed that following the Cabinet’s approval of the Integrated Entertainment Complex Bill, the government has outlined plans for special tourism zones, modeled after Thailand’s Eastern Economic Corridor (EEC). The goal is to establish a global destination while shifting the image away from casino-focused projects toward family-friendly entertainment hubs.
*"Casinos will occupy only 5% of the total area. This project will cater to all types of tourists, featuring over 5,000 four- and five-star hotel rooms, an international convention center, an indoor sports arena, a concert hall, a theme park, a cultural center, Michelin-star restaurants, and *exclusive event venues," Dr. Prommin stated.
Major Foreign Investors Eyeing Mega Investment
Six global corporations have shown interest in investing in the project. Each company must have a registered capital of at least 10 billion THB and invest no less than 100 billion THB, with comprehensive business plans and experience in managing world-class entertainment facilities.
The designated project area must cover at least 300 rai (approximately 120 acres), be government-owned, and have well-developed transportation and infrastructure. The location should also be near major tourist attractions to maximize international appeal.
Thailand’s Competitive Edge Over Japan
Dr. Prommin emphasized that Thailand is well-positioned to compete in this sector due to its tourism strength and infrastructure readiness.
"Osaka, Japan, is currently developing a similar project, but Thailand has a strong competitive advantage. Some investors have even proposed building a 16,000-seat arena, the largest in Southeast Asia," he noted.
Positive Economic Impact
Deputy Finance Minister Chulaphan Amornvivat stated that the project is expected to increase GDP by 0.2% during construction and 0.7% once operational. It will also reduce the gap between high and low tourism seasons by 13%, boost SME opportunities, and enhance local infrastructure development.
Strict Regulatory Framework
To prevent potential risks, the project will implement a three-tier regulatory system, including:
- A High-Level Policy Committee
- A Supervisory Regulatory Board
- A Dedicated Oversight Office
Strict anti-money laundering measures, consumer protection policies for Thai residents, and Responsible Gaming systems will ensure transparency and integrity.
Project Timeline
The Entertainment Complex Bill is currently under legislative review and is expected to be debated in Parliament within nine months. If passed, the government will proceed with:
- Establishing regulatory authorities
- Selecting investors
- Initiating construction, which will take 3–4 years
"This project marks a significant step forward in enhancing Thailand’s tourism industry, generating revenue, improving infrastructure, and creating long-term economic opportunities for Thai citizens," Minister Chulaphan stated.