RTCT board approves K-Global as master developer of Royal Siam Haven

The board of the Royal Turf Club of Thailand (RTCT) approved the appointment of K-Global Co., Ltd. of South Korea as master developer of the Royal Siam Haven project at its meeting on 6 June 2025, according to an announcement by the club¹. RTCT chairman General Chamlong Boonkraphue signed a Project Development Contract with K-Global chairman and chief executive Chung Joon Bae¹.

Under the contract, K-Global is responsible for the design, financing, construction, sales and overall operation of the project¹. The site covers about 3,300,000 square meters in Khlong Toei district, Bangkok 10110¹.

The stated facilities include:

• high-rise buildings, a 7-star hotel and entertainment facilities¹
• a horse racing track¹
• high-end luxury residential units¹
• a full resort center (including a yacht club, a health tourism hospital and a wellness center)¹
• a large winter sports center (skiing, ice skating and others)¹
• the Royal Siam Central public park as urban green space¹
• integrated utilities and waste management¹

The announcement describes the project as operating under the authority of the Thai government and expected to become a new Bangkok landmark and an Asian tourism hub¹.

The announcement gives no construction start date, completion date, project value, financing terms or ownership split, and none of these have been reported¹. It also does not state what gambling, if any, the project will offer, or how any racing or casino operations would be licensed¹.

What it means for players

The announcement concerns a development contract, not a gambling license or a change to gambling rules in Thailand. No casino, betting floor or racing schedule at Royal Siam Haven has been announced, and no opening date has been given¹. For now, the legal position for anyone gambling in Thailand is unchanged, and the practical options for locals, expats and visitors remain the existing licensed venues and the rules that apply to them, as set out in our guide to gambling in Thailand and to casinos and integrated resorts in Asia.

The project is led by a South Korean company, which is a commercial link rather than a regulatory one. South Korea's own rules for foreign visitors and locals at its casinos are separate and are covered in our guide to gambling in South Korea.

What happens next

The only dated step reported is the RTCT board's approval on 6 June 2025, followed by the signing of the Project Development Contract¹. No timeline for design, construction, licensing or opening has been announced¹.