Thai Minister Pessimistic on Changes to Casino Bill
Thailand's Cabinet is unlikely to approve a proposal that would require locals to maintain a minimum bank balance of THB 50 million (US$1.5 million) to access casinos, according to Deputy Prime Minister and Interior Minister Anutin Charnvirakul. He indicated that such a requirement would not effectively discourage Thai citizens from engaging in illegal gambling activities or visiting casinos in nearby countries.
LISTEN TO THIS ARTICLE:According to the Bangkok Post, Anutin emphasized that his Bhumjaithai Party, as part of the governing coalition, will support policies that align with societal interests. The proposed financial threshold for local gamblers has generated concern among international investors, who believe that such a rule would essentially restrict Thai casino access to foreign visitors.
Related: Legal Casino Resorts in Thailand One Step Closer to ApprovalPakorn Nilprapunt, Secretary-General of the Council of State, previously stated that the suggested rule aimed to ensure that only individuals with significant financial means could enter casinos. The proposed change is currently undergoing public consultation in its second round and will require additional government approval before it can move forward.
During a cabinet meeting, Anutin confirmed that the newly suggested financial requirement for local gamblers would be addressed. The debate surrounding this policy highlights concerns over its effectiveness in preventing illegal gambling while also considering its potential impact on Thailand's gaming industry.
More Business News
Casino Vote Likely in March
A government source stated that the Entertainment Complex Business Act is in the final phase of public consultation and is expected to be presented to the Cabinet for review on March 4. If it receives approval, the bill will move forward for parliamentary deliberation.
The proposed legislation has been under discussion since it was initially approved in principle on January 13. Following this approval, it underwent a review by the Council of State and multiple public hearings. The final round of public consultation is set to conclude on March 1.
The introduction of regulated casino gaming is part of a broader initiative aimed at increasing tourism revenue and economic growth in Thailand. Discussions on the bill reflect efforts to establish a legal framework that balances economic benefits with regulatory safeguards.
While there is still debate over the conditions for local casino access, the draft bill is progressing through the legislative process. After Cabinet review, the final decision will be made by Parliament, determining the direction of legalized gambling in Thailand.
RELATED TOPICS: Business
Latest News
Most Read
Must Read
Interviews
Sweepstakes Casinos: Thriving in an Ever-Changing Industry – Interview with Attorney Stephen C. Piepgrass
Feb 17, 2025
Interviews
Review this New Post
Leave a Comment
User Comments
Comments for Thai Minister Pessimistic on Changes to Casino Bill