SKYH Entertainment Proposes Integrated Resort and Township in Bangkok

The emerging real estate and entertainment company SKYH Entertainment Group is pursuing a bold new vision for Thailand’s evolving gambling landscape with a multi-billion-dollar integrated resort and township.

If approved, the 1,000-acre development will feature a modish casino, several luxury hotels, and MICE (meetings, incentives, conferences, and exhibitions) facilities. It will also include indoor skiing, a Formula 1 circuit, a medical center, horse racing, a theme park, a Thai boxing facility, and a vast array of other unique attractions. The destination is intended to tap into the international tourist market with a proposed location just a few kilometers from Suvarnabhumi Airport.

The Ambitious Pursuit

SKYH Entertainment Group presented the integrated resort plan, demonstrating its ample experience developing and running such establishments across Asia and Europe. The proposed IR, covering 1,000 acres in Nong Chok district, is intended to house more than just a state-of-the-art casino. It would offer visitors a holistic entertainment and leisure experience, providing different attractions to suit tourists, business travelers, and families.

SKYH Entertainment intends to onboard global brands onto the project, including Formula 1, Universal Studios, Marriott, and Disneyland. Once complete, the casino resort is anticipated to bring hundreds of thousands of tourists into Bangkok annually.

Potential Economic Impact

According to SKYH Entertainment, the multi-billion-dollar development is projected to create around 60,000 jobs, directly and indirectly. The company also intends to work closely with the Thai government to ensure the IR’s success.

“SKYH is committed to working closely with the Thai government to ensure the project’s success and its positive impact on Thailand,” the company said in an internal document seen by Inside Asian Gaming. “The company believes that this development represents a major step forward in realizing the vision of a vibrant and dynamic Thailand.”

The company also emphasized its “solid financial structure” to undertake the development. It will provide minimum gambling tax contributions and other revenue-sharing agreements with the Thai government if it receives a casino license. 

Alignment With a Broader Strategy

The proposed integrated resort comes at a prime time when the Thai government is on the verge of legalizing casinos to bolster the country’s economy. A bill is currently in parliament that, if approved, will award three casino licenses in Bangkok and seven others across the country.

Casino legalization is gaining momentum under the leadership of Paetongtarn Shinawatra, whose support has been backed by her father and former Thai premier, Thaksin Shinawatra.

The prospect of many such developments will be a reality in Thailand if parliament passes the casino legislation. Just last month, The Royal Turf Club of Thailand announced its plans to invest $5.8 billion in an entertainment complex. Charoen Pokphand Group and The Mall Group have also expressed interest in IR hubs.