The Royal Turf Club of Thailand, a sports club with historical ties to Thailand’s military and monarchy, is said to be interested in investing 200 billion THB ($5.88 billion) in an “entertainment complex.”

The report, whose project is titled Royal Siam Haven, mentions that the proposed plan has a racetrack, a six-star hotel, a golf course, a yacht club, fine dining options, a theater, a medical tourism hospital, and a “learning center,” as well as a casino. Historically, the club operated horse racing on its site in Bangkok.

The report cited Patby Surin, head of the Turf Club, as saying it had signed a memorandum of understanding with investment partners in a company linked to Nation Group.

According to the outlet, the proposed location of the complex has not yet been disclosed, but the newspaper quoted a club representative as saying it would “cover a vast area.”

The outlet noted that the club “joins a group of five foreign investors and four Thai investors who are interested in developing an entertainment complex in Thailand.”

The report said Tanseta Kids, the Nation Group’s media arm, has already reported that other well-known local companies, including U-Tapao International Aviation Co Ltd (UTA), Charoen Pokphand Group Co Ltd (CP Group) and The Mall Group, are also planning an entertainment complex in Thailand.

The outlet said UTA’s project is to support the growth of the Eastern Economic Corridor and Utapao Airport.

CP Group also added that it plans to develop a complex in Bangkok’s Makkasan district in line with the economic corridor’s high-speed rail project linking Bangkok’s former international airport Don Mueang to its new international airport Suvarnabhumi and Utapao.

The Mall Group’s complex will be part of Bangkok’s Bangna district’s BHT 50 billion mixed-use project, which will open partially next year, according to The Nation.

Mall Group also aims to develop an entertainment complex as part of its BHT20 billion BLUU pearl mixed-use project in Phuket’s Kato district.

The Nation said five major international investors – Las Vegas Sands Corp, Wynn Resorts Inc, Caesars Entertainment Inc, MGM China Holdings Inc MGM and Hard Rock Brands – “have shown interest in entering the Thai entertainment complex market.”

Bill Hornbuckle, Chief Executive Officer and President of MGM Resorts International, the parent company of Macau casino operator MGM China, said in the group’s second-quarter earnings release that any push by the brand for the Thai project would come through MGM China business.

In July, brokerage CLSA Ltd said in a report that it believed four of Macau’s six casino brands – Galaxy Entertainment Group, Las Vegas Sands, MGM and Wynn Resorts – were interested in pushing for investments in Thailand.

BY: 파워볼사이트