In early 2026, Thailand is set to pass the Entertainment Complex Business Act to introduce large-scale gaming facilities aimed at boosting tourism and competing with Singapore and the Philippines, despite concerns from conservative citizens. Major international gaming companies are eyeing investments upwards of US$3 billion, with potential pretax margins of 40-50 percent, but face challenges in obtaining permits and navigating potential corruption. The initiative, backed by Thaksin Shinawatra, faces uncertainty due to political instability and past government planning failures, as online gaming issues in other countries serve as cautionary tales for Thailand’s future gaming industry development.
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Puma’s new boss takes helm trailing Adidas and a recovering Nike
Puma's leadership has aimed to elevate the brand's image for over two years, focusing on making its sneakers and apparel more aspirational. However, new CEO Arthur Hoeld has indicated that the brand is now perceived as cheap, suggesting a disconnect between the company's goals and public perception. Want More Context? 🔎
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