Thailand: Wynn’s target for a new casino
Wynn Resorts plans to pursue casino opportunities in Thailand after its progress in the UAE.A previously released draft casino law by the country's government allows the...
Thailand to legalize gambling with its first legal casino
Despite gambling’s unstable reputation in the Buddhist nation, Thai citizens showed their support for gambling legalization in Thailand.
Thailand is a Southeast Asian country that aims to have its first-ever official casino and bring gambling legalization together with it.
With the official religion of Buddhism, Thailand expected to receive major protests from the nation; however, 80% of the population showed its support for the project, noting the economic changes that will come along with it.
A study from the Finance Ministry showed that a proposed casino project in Thailand would catch the attention of local gamblers, offering them a legal alternative to illegal underground betting places. Thaksin Shinawatra, an important government representative, supports regulating and taxing gambling, emphasizing its potential to generate revenue and formalize the informal sector.
The project offer will go to the Council of State for review before moving to the House of Representatives for a final decision.
Julapun Amornvivat, Deputy Finance Minister, said:
“We will now adjust the bill based on the feedback and discuss it with our coalition partners before sending it to the cabinet for approval.”
Currently, only horse racing and the national lottery are legal forms of gambling in the country.
Legalizing casinos could boost the economy, create jobs, increase state revenues, and attract more tourists. Neighbour countries such as Cambodia, Singapore, and the Philippines have already legalized casinos.
FAQs
Is gambling legal in Thailand?
Gambling in Thailand is currently illegal; however, it is expected to be changed to legal very soon, with the debut of the country’s first-ever legal casino mega-entertainment complex.
Why is Thailand considering legalizing casinos?
The government aims to legalize casinos to boost the economy, create jobs, increase state revenues, and attract more tourists. Legalization would also offer a legal alternative to underground gambling.
Share:
Thailand releases draft casino law
A new casino law has been drafted by Thailand’s Council of State, aiming at boosting the country’s tourism industry by US$12 billion.The draft suggests a combination of...
