Thai Finance Ministry leads casino legalization study

Added: April 18, 2024

Thailand’s Ministry of Finance is in charge of a government study aimed at determining whether to legalise casinos in the nation.

Seventeen government organisations are involved in the study, including the Human Security, Social Development, and Tourism and Sports Ministries, among others. These organisations will determine if opening casinos in Thailand is possible. The cabinet has been granted a month by the Finance Ministry to receive a report on the matter.

A vote in favour of the establishment of entertainment areas throughout Thailand, some of which might include casinos, was taken by the Thai House of Representatives towards the end of March. Prime Minister Srettha Thavisin and Deputy Finance Minister Julapun Amornvivat have endorsed this idea, indicating that laws may become clearer in the upcoming months.

A policy committee headed by Thavisin would investigate the possible economic effects of casinos if the cabinet approved the conclusions of the seventeen agencies. A second committee would be established to look at the entertainment areas’ different features, including gambling.

Given its progress on the casino issue, Thailand may be able to draw in large international gambling corporations and open its first gambling establishment before to Japan, which is anticipated to operate its first casino hotel in 2030.

Thailand has good grounds to think about developing casino-themed entertainment areas. A substantial investment would be needed for each site, which may be profitable for the government. In addition, despite the dangers, a large number of Thais now visit nearby nations like Myanmar for gambling purposes. Policymakers in Thailand intend to limit these trips while keeping the revenue locally by establishing casinos.

Thailand