Inbound Thailand PM Promises to Keep Casino Debate Alive
Thailand's political landscape is witnessing a significant debate as the newly appointed Prime Minister, Paetongtarn Shinawatra, vows to keep the casino legalization discussion in motion.
Thailand's new Prime Minister Paetongtarn Shinawatra in a press conference shortly after being sworn in. (Source: European Pressphoto Agency)
LISTEN TO THIS ARTICLE:Despite the promise of economic growth through legalized gambling, as seen in other countries, the proposal faces staunch opposition within the coalition government. The controversy has intensified following the ousting of Srettha Thavisin, the former Prime Minister and an ardent proponent of the casino initiative, who was removed from office for ethical violations. His ouster was seen as a possible key component to stopping the push for legalized casinos.
Related: Thailand's Casino Legalization Debate Takes a Step ForwardThe government's coalition partner, Bhumjaithai, has expressed skepticism over the draft casino legislation, particularly questioning the ability of legal casinos to address the persistent issues of illegal gambling and their actual economic impact.
Amidst this political tug-of-war, Paetongtarn's administration is pushing forward with a gambling bill that seeks to establish a regulatory body for casinos. This entity, reporting directly to a committee led by the Prime Minister, aims to oversee and support the development of integrated entertainment venues.
Under the proposed legislation, Thai casinos would be granted a 20-year license and subjected to a gross gaming revenue tax of 17%. The bill outlines a vision for a regulated gambling sector that could potentially contribute to the nation's economic prosperity. However, the new Prime Minister has emphasized the importance of stringent regulations to mitigate any adverse effects, such as gambling addiction, which could arise from the industry's expansion.
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Keeping the Momentum Alive
Paetongtarn confirmed her intention to support casino legalization in a recent press conference tied to her appointment as prime minister. The goal, barring any unexpected resistance, will be to have casino licenses issued by 2029.
The 37-year-old officially became Thailand's newest Prime Minister on August 18, just two days after parliament had chosen her and almost immediately after she received King Maha Vajiralongkorn's endorsement. She's just the second female to become Thailand's prime minister and the youngest ever.Paetongtarn is the daughter of Thaksin Shinawatra, a former Prime Minister whose tenure was marked by controversy. Her ascent to power signifies not only a generational shift but also the enduring influence of the Shinawatra name in Thai politics.
Paetongtarn's stance on the subject of gambling reflects a delicate balance between economic incentives and social responsibilities. Her approach suggests a willingness to explore the potential benefits of a regulated gambling industry while remaining cognizant of the need for robust oversight.
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