Thai PM suggests legalizing casinos to curb underground gambling

Thailand’s Prime Minister Srettha Thavisin proposed legalizing casino gambling as a measure to reduce illegal gambling dens, emphasizing government control. He highlighted the serious issue of underground gambling and advocated legalization during his inaugural monthly television address.

The House of Representatives supported a study to establish legalized casinos in large entertainment venues to boost tourism. Thailand’s Ministry of Finance, along with 16 other government agencies, is leading a feasibility study on legalizing casino resorts.

Deputy Finance Minister Julapun Amornvivat announced that a proposal to legalize casino business would soon be presented to the cabinet for consideration. Initial investments for each casino resort are estimated at a minimum of THB100 billion (US$2.75 billion), according to a House committee report. Reports suggest licenses could be phased out, with the first casino resort potentially opening in 2029.

At the Global Gaming Expo (G2E) Asia 2024 in Macau, industry experts cautioned that Thailand’s casino prospects hinge on establishing a robust regulatory framework to attract international investors.

Original Story by: GGR