Thailand may need to address some legal challenges before legitimizing casinos in entertainment complexes, according to a November 2024 study.
Thailand may need to address some legal challenges before it pushes to legitimize casinos in entertainment complexes, according to a study.
Findings from TGM Research’s “TGM Gambling & Sports Betting Report 2024” showed that while underground gambling is widespread, the views towards the industry are “polarizing.”
These results, based on a November 2024 study, was unveiled during the Thai Entertainment Complex Summit organized by Winna Media. As the lead media partner of this Summit, Asia Casino News (ACN) attended this event which took place from December 2-4.
“We can see that gambling is widespread and popular in Thailand. People spend different amount of money, it depends on gender age and type of activity. People know that this is illegal. We have very polarized opinions on gambling and its legalization and concerns on its negative parts. We have plenty of opportunities in legalizing it but there are challenges that need to be addressed,” said Greg Laski, Chief Executive Officer of TGM Research during the Thai Entertainment Complex Summit held in capital Bangkok.
“[There is] some skepticism if government can follow the regulation. Cultural and ethical problems, as well as securing those who need to be far away from gambling,” he added.
The study indicated that 38 people have a “negative overall attitude towards gambling,” while 18 percent positively view the practice. Around 43 percent, meanwhile, are neutral towards gambling. Laski believes it would be a major undertaking to persuade the government to move forward with legalization.
“Their fear and most of the concerns is that it can lead to financial problems. It can lead to the increased crime and corruption, family conflicts and mental health issues. Therefore, this debate has both opportunities and risks,” Laski shared.
Laski also noted that 33% of those who gamble “do not see the real” benefits of gambling.
The Singapore model, which combines regulated gambling with strict social controls, has emerged as a potential blueprint for Thailand. However, many Thais are wary of the potential negative consequences and are calling for a cautious approach.
"Thais want to have gambling but legalized and under control," Laski explained. "They want to attract more tourists and have a place where they can entertain, but they also want to protect their society from the potential harms of gambling addiction."
The survey also revealed that Thais are particularly concerned about the impact of gambling on young people. Many respondents expressed a desire for strict age verification and other measures to prevent underage gambling.
Thailand is making significant strides towards legalizing casinos by 2025.
This strategic move is driven by the government's desire to boost tourism, attract foreign investment, and generate substantial tax revenue. The proposed legislation envisions the establishment of integrated entertainment complexes, where casinos will be integrated with various entertainment and leisure facilities.
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