Operators eye Thai potential

Bangkok, Thailand
Bangkok, Thailand

Thailand’s ongoing ban on all forms of gambling is proving a gold mine for casinos elsewhere in the region, with a growing number taking steps to specifically target the Thai VIP base.  Renowned economist Pasuk Phongpaichit, an economics professor at Chulalongkorn University in Bangkok, estimates that 70 percent of the country’s adult population gamble regularly.  New generations are also showing an interest. A poll last year by U-Report found that more than half of 2,280 teenagers in the country would be willing to use their own money on a betting website, even though online gambling is not permitted. As long ago as 2013, the Bangkok Post was reporting that the “underground gambling economy” was larger than the national lottery, which was introduced in 2003 and sits alongside domestic horse racing as one of only two ways to gamble legally in the country. Sharp growth in mobile and online gambling is also inevitable given...

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