Despite growing opposition from various sectors, Thai Deputy Finance Minister Julapun Amornvivat has expressed confidence that the Entertainment Complex Act will pass its first reading in parliament this week.
The bill is scheduled for review on Wednesday, April 9th, during a session of the House of Representatives, where lawmakers will consider its guiding principles before the current parliamentary session concludes.
According to local media outlet The Nation, Julapun provided an update on the progress of the casino legalization process.
A key development is the formation of a 31-member committee tasked with reviewing the bill in detail, with Julapun appointed as committee chair. The committee will include nine representatives from the Cabinet, as well as members from political parties, academia, government agencies, and potentially independent experts.
Julapun stated that he would personally select representatives from the Pheu Thai Party, prioritizing individuals capable of contributing effectively. He also stressed that all members must maintain a positive image and refrain from using their positions for personal gain.
Reflecting on past efforts, Julapun noted that similar legislation failed to advance in 2005, partly due to the size and inefficiency of larger committees. This time, the focus will be on appointing only essential and qualified members to ensure effective progress.
Progress expected in July if bill passes first reading
Julapun emphasized that the government is not rushing the legislative process. He noted that if the bill’s principles are approved in April, the second and third readings could take place when parliament reconvenes in July.
He reiterated that advancing the bill is a priority for the current administration. A key objective includes the establishment of the Entertainment Complex Office, which the government aims to complete during its current term.
Subsequent steps involve drafting subsidiary laws—a process expected to require significant time. Completing the legal framework within this administration is considered crucial, as it would allow the government to proceed with license auctions, even in the event of a change in leadership.
The government views entertainment complexes as potential economic drivers, with a strong emphasis on non-casino components, which are expected to occupy 90 percent of the total project area. The proposed structure follows a “4 plus 1” model: a casino integrated with four major elements—modern infrastructure including large-scale sports stadiums, concert halls, world-class amusement and water parks, and luxury shopping malls featuring international brands.
Gaming tax model inspired by Singapore
In terms of economic benefits, the government anticipates substantial tax revenue from these developments. Proposed tax rates, modeled after Singapore’s framework, include a 12 percent tax on gross gambling revenue (GGR) from VIP customers and 18 percent from general patrons. Additional revenue is expected from corporate taxes and value-added tax.
It is worth noting that one year ago, the first draft of the Thailand gaming law set the GGR tax rate at 17 percent.
On licensing, Julapun underscored the importance of setting clear limits, citing Singapore’s two-license system as a reference. He explained that the final number of licenses will be determined by the Entertainment Complex Policy Committee, based on a study conducted by the newly formed Entertainment Complex Management Office.
The number of approved complexes will depend on the country’s size, economic landscape, and evolving needs. While adjustments may be made in the future, all licensees will be subject to strict responsibilities.
Anti-money laundering measures included
The policy committee will also include representatives from the Anti-Money Laundering Office, ensuring that safeguards against financial crime are integrated from the outset.
Regarding the draft law’s current requirement for Thai nationals to hold at least THB50 million ($1.5 million) in assets to participate in casino gambling, Julapun acknowledged that this clause may be revised during the committee stage.
Addressing concerns over gambling addiction
Julapun also addressed concerns about gambling addiction, noting that such issues already exist in the country, with many individuals traveling illegally to neighboring countries to gamble.
He cited Singapore’s experience, where only a small percentage of the population participates in casino gambling, and an even smaller fraction develops addiction. He suggested that similar regulatory mechanisms—such as behavioral monitoring—could be introduced in Thailand to mitigate potential risks.
