China

South Korea’s casino industry experienced a robust rebound in the third quarter, fueled largely by high-spending Chinese gamblers. Operators reported a significant uptick in revenue, driven by an influx of VIP clientele despite broader economic uncertainties. Gaming tables and high-limit slot machines witnessed record activity, highlighting the resilience of the luxury gambling segment. Analysts attribute the surge to loosened travel restrictions and aggressive marketing strategies targeting affluent Chinese tourists.

China has announced the execution of a high-profile casino tycoon and four associates, marking one of the country’s most significant actions against illicit gambling and financial crimes. The individuals were found guilty of operating a vast cross-border gambling network that siphoned billions of yuan out of China, undermining the nation’s financial security and regulatory controls. The ruling underscores Beijing’s determination to dismantle underground betting operations and enforce stricter financial discipline amid concerns over capital flight.

Thailand’s government has reaffirmed its stance against legalising casinos, taking decisive action to restore confidence among Chinese travellers and revitalise inbound tourism. During a bilateral meeting in late October, Prime Minister Anutin Charnvirakul told Chinese President Xi Jinping that the country has no policy to permit casino-driven growth, a move Beijing reportedly welcomed. The durable pledge follows a steep decline in Chinese arrivals and a political backlash against earlier casino-legislation efforts.

Thai Prime Minister Anutin Charnvirakul has assured Chinese President Xi Jinping that his government will not resort to casino development as a tool for economic stimulation. The statement follows regional speculation over Thailand’s potential legalization of integrated resorts to attract tourism and foreign investment. Anutin emphasized that his administration remains committed to balanced and sustainable growth, underpinned by transparent governance and ethical economic policies.

In a pivotal diplomatic exchange during the APEC Economic Leaders’ Meeting, Thai Prime Minister Anutin Charnvirakul reaffirmed that his government will not pursue the legalization of casinos, despite growing speculation about using gaming complexes to boost the economy. The “no casino” stance, reiterated directly to Chinese President Xi Jinping, underscores Thailand’s preference for sustainable growth through innovation, tourism diversification, and human capital development.

South Korea’s casino industry is experiencing a surge in growth, driven largely by visa-free access for Chinese tourists. The policy has significantly boosted visitor numbers, increasing gaming revenues and spurring investment in integrated resorts and entertainment facilities. Analysts note that Chinese travelers, historically among the highest-spending tourist demographics, are catalyzing demand not only for gaming but also for hospitality, retail, and leisure services.