Thailand’s Deputy Finance Minister, Julapan Amornvivat, has strongly defended the government’s plan to create integrated entertainment complexes, addressing fears that this initiative might associate the nation with a “grey” economy.
Julapan highlighted the success of legalized casinos in countries like the United States and Singapore, questioning whether they also face similar scrutiny, The Nation reported. He pointed out that the existing illegal gambling scene poses a greater risk to the country’s image than regulated casinos.
Despite criticism, the government remains committed to the Entertainment Complex project, which has been in discussion for decades. Following Cabinet approval, the draft legislation is now moving through parliamentary channels.
The government anticipates this project will significantly boost Thailand’s economy, attracting over THB100 billion ($3 billion) in investment. If approved, a dedicated regulatory body will be established within a year, with construction expected to begin within three years.
The proposed legislation includes comprehensive regulations covering financial controls, social safeguards, and preventive measures against gambling addiction.
The legislation received in-principle approval on January 13th and aims to legalize casinos and other gambling forms through integrated resorts. Under the proposed framework, casinos would be required to operate through Thai-registered corporations, with amendments restricting Thai citizen entry to individuals possessing at least THB50 million ($1.5 million).
Amongst the many interested parties, the Thai government recently held discussions with executives from Las Vegas-based Wynn Resorts regarding potential investment in entertainment complexes.
As reported by AGB previously, Prommin Lertsuridej, Secretary-General to the Prime Minister, disclosed that six to seven major international investors have already expressed interest in developing full-service entertainment complexes in Thailand.
