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Thailand is taking bold steps toward establishing a world-class gaming industry, with new regulations aimed at ensuring a controlled and responsible approach to casino development. A draft law released on Monday outlines strict entry requirements for Thai nationals, including a minimum bank deposit of 50 million baht ($1.5 million) and an entry fee capped at 5,000 baht. While these measures may limit local participation, they underscore the government’s commitment to attracting high-net-worth individuals and fostering a sustainable, well-regulated gaming sector.
With Thailand’s potential to become the world’s third-largest gambling destination, analysts see immense opportunities for foreign investors. A report suggests that nearly half of Thai citizens aged 20 and above could be potential casino patrons, demonstrating strong demand. While strict entry requirements may restrict access, they align with Thailand’s vision of positioning itself as a premium gaming hub, much like Singapore, which has successfully drawn major global operators such as Las Vegas Sands Corp. The government aims to secure at least 100 billion baht ($3 billion) in new investments, strengthening its tourism and entertainment landscape.
The casino project is part of Thailand’s broader strategy to revitalize its economy, with expectations of boosting foreign arrivals by 5% to 10% annually and generating more than 12 billion baht in revenue per year. Additionally, only up to 10% of any integrated resort complex will be designated for casinos, ensuring a diversified entertainment experience beyond just gaming.
Despite some public skepticism, Thailand remains committed to a transparent process, with public hearings scheduled until March 1. The draft law must secure cabinet approval before heading to parliament for further discussion. As tourism remains a cornerstone of Thailand’s economy, attracting nearly 40 million foreign visitors in pre-pandemic years, the introduction of a well-regulated casino industry could further solidify the country’s status as a premier destination for luxury tourism and entertainment.
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(Source: World Casino News | Times of India)
