Thai Finance Ministry leads casino legalization study
Thailand's Ministry of Finance is in charge of a government study aimed at determining whether to legalise casinos in the nation.Seventeen government organisations are...
Thai Parliament considers casinos in entertainment complexes
Recently, the Thai Parliament gave its approval to a request to investigate whether it would be practical to allow casinos inside large entertainment complexes.
The proposal, which was spearheaded by a group of legislators, intends to draw tourists in order to strengthen the nation’s economy and compensate for income lost to illegal gambling.
Out of the 257 parliamentarians present, 253 expressed strong support for the idea, demonstrating a broad consensus on the matter.
Vice Chairman of the committee tasked with examining the subject and deputy secretary to the prime minister for political affairs, Jakkaphon Tangsutthitham, said the Thai government views the legalization of integrated entertainment complexes that include casinos as a means of encouraging economic expansion.
The study indicates a possible large rise in average visitor expenditure, supposedly by fifty-two percent to THB 65,050 ($1,790) per trip, if integrated resorts (IR) with casinos are developed. Furthermore, a research presented to the Thai parliament suggests that legalizing casinos inside entertainment complexes may increase tourism earnings by nearly twelve billion dollars and improve the GDP growth by 1.16 percentage points.
The committee in charge of the situation predicts that laws authorizing these modifications will be passed by the end of the year, indicating a possible change in Thailand’s stance on gambling and tourism.
Thailand Cabinet considers legalizing casinos
Thailand's government has committed to researching the prospect of legalizing casinos in the country.The Ministry of Finance must provide more information in response to...
