What King Bhumibol’s passing means for Thailand’s casino industry

As casino operators venture out of Macau, many are looking at Thailand as one of the best potential markets in Asia. The country has been a recipient of many proposals seeking to bring casinos to Thailand, including Sheldon Adelson’s Las Vegas Sands.

The strong interest in casino development, however, was met with opposition from Buddhist groups and indecision from tourism sponsors, not to mention the country’s continued political rift.

The death of King Bhumibol Adulyadej on Thursday—after a 70-year reign—is expected to change the political climate in Thailand, which could also extend to the gaming sector.

Union Gaming analyst Grant Govertsen forecast at least a month-long period “very soft Thai-originated gaming volumes at several border casinos run by publicly traded operators,” including Donaco International, Entertainment Gaming Asia, Macau Legend and Silver Heritage.