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State government talks are ongoing with The Star which reportedly requires $300 million in short-term funding to continue operating the precinct in Brisbane’s CBD which opened on August 29, employing 3000 people. Her father Thaksin is widely seen as a major force behind her government and in a dinner speech last month backed the casino plan, noting the potential benefits from regulating and taxing online gambling and formalising the larger underground economy.
Paetongtarn’s ruling Pheu Thai Party has argued Thailand has fallen behind its neighbours in the gaming industry. (Reporting by Chayut Setboonsarng and Panarat Thepgumpanat; Editing by Martin Petty) In Southeast Asia, Cambodia, Singapore, Myanmar and the Philippines have legalised casinos, some of which are located on the other side of Thailand’s borders, catering overwhelmingly to Thai and Chinese customers, many on weekend junkets. BANGKOK, Sept 5 (Reuters) – Thailand’s new government will move ahead with plans to introduce casinos after a public hearing showed strong support to create a big entertainment complex offering gambling, a senior official said on Thursday.
The conclusion of a public hearing conducted online over a bill to establish a “mega entertainment complex” housing a casino showed 80% of participants agreed with the plan, Deputy Finance Minister Julapun Amornvivat said. It showed “systemic and extremely serious issues” involving multiple Star staff falsifying records to suggest they had intervened in players’ extended gambling stretches when no interaction had taken place. “The gaming industry is experiencing dynamic changes and Sun International, through Sunbet, will continue leveraging its strong brand and market presence to expand our customer base and enter new online markets across Africa,” Sun International said.
Shares in the company were placed in a trading halt on Friday because of the public release of the findings from a damning inquiry into a litany of failures within the billion-dollar gambling firm’s operations. JOHANNESBURG, Sept 9(Reuters) – Sun International reported a 9.1% rise in first-half earnings on Monday, as record growth in the South African casino and hotel group’s betting business helped drive its income.
