Possible opening of casinos in Thailand

In order to revitalize the country's economy, Thailand is considering opening land-based casinos. Their economy has been strongly impacted by the pandemic and they would like to attract foreign capital.

🔴 The proposed law

Several Thai lawmakers have submitted a report to Parliament who recommends that hotel complexes be built in all the main cities country. Casinos will be integrated into these hotel complexes. According to a large number of deputies, this recommendation could help the country to revive its tourism industry and therefore help the country's economy.

They knew that with casinos, foreign investors, tourists and nationals of neighboring countries, will spend more money during their stay in these complexes. The gambling sector could generate billions of dollars profit. The co-author, Pitcher Chuamuangphan said : "We are looking to attracting foreigners to intensify tourism and get more money out of their pockets" by adding : "It would also allow us to stem the flight of money Thai players, and would allow the government to collect taxes guaranteeing our economic security" .

According to Pitcher Chuamuangphan Thailand must adopt a more liberal legal regime . Note that the country has become the first in Asia to decriminalize cannabis and the first in Southeast Asia to allow marriage for all.

🔵 New for the local population

Bangkok would be the perfect first place to build a complex with a casino. Indeed, the city attracts many many tourists. If this were to be the case, the next constructions would take place in the southern provinces by the sea such as Phuket, Phang Nga or Krabi. In total, there are 78 provinces and lawmakers would not be surprised to have many proposals from other provinces.

Currently, there is a law dating from 1935 which prohibits a large number of bets and slot machines . If the law is revisited, lawmakers would like casinos to generate at least $11 billion of tax revenue each year. Before the new law is passed, the government can still already formulate decrees so that certain activities are authorized.

Analysts of the company, Bloomberg Intelligence, believe that for future casinos to be successful, it is necessary that the population must invest in the project. They declare : "In the casinos of Vietnam and South Korea, we can see that the attendance is in sawtooth , because only tourists and foreigners are accepted there" .

Each complex will have to consist of a hotel, an amusement park and a few points of sale. The fact of having several points of sale will limit the haunts of players.