Thailand’s latest casino bill has eliminated the requirement for a THB50 million ($1.5 million) fixed deposit for local gamblers.
According to the Bangkok Post, Deputy Prime Minister and Finance Minister Pichai Chunhavajira stated that the revision followed a review by the Council of State, incorporating adjustments to better align with the bill’s objectives and public feedback.
Deputy Finance Minister Julapun Amornvivat confirmed that, instead of the previous entry restriction, Thai nationals must now have submitted tax returns for the past three years to access casinos. However, the entrance fee remains unchanged at THB5,000 ($147). He noted that only about 10,000 Thai bank accounts hold at least THB50 million, making the initial requirement impractical and likely to push gambling activities toward illegal alternatives.
Meanwhile, in another report from the same media outlet, an unidentified government source revealed that the casino bill includes provisions prohibiting online gambling and the live-streaming of gambling activities from casinos. These measures aim to prevent individuals outside the casino from participating in gambling.
The bill is expected to be reviewed by the cabinet on March 11th, following its initial approval on January 13th.
Other key provisions include a regulation stipulating that gambling activities within the entertainment complex will be governed by this new law rather than existing anti-gambling laws. The bill also mandates that all visitors undergo identity verification using a passport or ID card.
The Council of State returned the bill to the government on February 28th for further revision, and it remains to be seen whether the cabinet will approve it.
Thai Prime Minister Paetongtarn Shinawatra has stated that the government is open to all suggestions regarding casino development, recognizing that it is a new concept for the country. She emphasized that the casino would be a small part of a larger entertainment complex, which will include a variety of other businesses.
The government has also made it clear that addressing potential risks and social impacts is a priority. The aim is not only to maximize economic benefits but also to manage the risks and social consequences of the project. Officials believe that entertainment complexes will play a significant role in shaping Thailand’s economic future.
On Monday, several protest groups—including the Network of Students and People for Thailand’s Reform, the Center of People for the Protection of the Monarchy, and the Dharma Army—gathered near Government House in Bangkok. They submitted a letter to the prime minister opposing the legislation, arguing that it would be harmful to society, the nation, and religious principles.
