Daniel Cheng takes an in-depth look at the results of Thailand's most recent elections and the possible impact the shifting political winds could have on the nation's casino aspirations, as a younger wave of politicians aims to implement their political agenda.

The Thai government is considering whether to limit gambling areas to no more than 5 percent of the total project space they're located in.

Thailand’s casino legislation could occur as quickly as next year, notes expert Daniel Cheng, as he examines the shifting framework of political influence. A progressive stance of the government, with a somewhat unified front, is calming investors looking to capitalize off the change, with questions now on exactly where potential integrated resorts should be located.

The Thai Cabinet has designated the Finance Ministry as the primary agency responsible for reviewing a report prepared by an ad hoc House committee regarding the potential for establishing entertainment complexes with casinos in the country.

The Thai Government Cabinet has approved a report from a special house committee regarding the possibility of establishing entertainment complexes with casinos in Thailand.

Thailand's proposed taxation rate of 17 percent is highly competitive, compared to other nearby gaming regions, and that casino entertainment complexes could contribute up to 1 percent of GDP, or roughly $5 billion annually.

Maybank Securities forecasts that Thai entertainment complexes (ECs) featuring casinos could yield approximately THB 187 billion ($5.14 billion) in annual revenue, equivalent to roughly 1 percent of Thailand's GDP.

Amid an accelerating move towards casino legalization in Thailand, the country could see its first Entertainment Complexes (EC) by 2029, according to research by Maybank Investment Bank.

The study results to legalize casinos and entertainment complexes in Thailand are set to be presented at the upcoming cabinet meeting next week, according to the report from the Bangkok Post.

Mayor Poramase Ngampiches of Pattaya City supports the draft "Comprehensive Entertainment Facilities Act," which seeks to establish entertainment complexes in Thailand, potentially legalizing casinos.