Saturday, April 13, 2024
HomeNewsThailandThailand steps closer to casino legalization 

Thailand steps closer to casino legalization 


Thailand’s 500-member House of Representatives approved a proposal for a study on Thursday, led by a group of lawmakers, to explore the possibility of permitting casinos to operate within extensive entertainment complexes. The plan garnered support from 253 out of the 257 lawmakers present.

Reports indicate that the Thai government aims to draw high-spending tourists to bolster Southeast Asia’s second-largest economy while simultaneously addressing revenue losses stemming from illegal gambling activities.

Thailand is considering legalizing integrated entertainment complexes that include casinos as a strategy to stimulate economic growth, as stated by Jakkaphon Tangsutthitham, Deputy Secretary to the Prime Minister for Political Affairs, and Vice Chairman of the committee overseeing the matter. The committee anticipates that legislation will be enacted by the end of the year.

The study that was submitted to the Thai parliament suggests that once integrated resorts (IR) with casinos are established, there is a possibility for a significant increase in average tourist expenditure, potentially by 52 percent to THåB65,050 ($1,790) per trip.

The study also notes that legalizing casinos within entertainment complexes in Thailand has the potential to boost tourism revenue by approximately $12 billion, while the additional income generated could enhance the country’s gross domestic product (GDP) growth by 1.16 percentage points.

Viviana Chan
Viviana Chan
Viviana Chan is an editor, interpreter, and journalist. With over a decade of experience, she writes in English, Chinese, and Portuguese. Viviana started her career in Macau-based newspapers, where she became passionate about the region's social, financial, and cultural development. Her writing focuses on the economy, emerging industries, gaming development, political affairs, and cross cultural-exchange in the business and cultural domains. She is avid for news and eager to discover and cover stories that generate public relevance.