Lifestyle

Thailand considers legalising casinos – Investvine



Thailand is considering allowing casino operations in the country, ending a decade-long ban of gambling that covers all forms except the state lottery and horse racing, with the probability that global gambling corporations could be allowed into the country within the next two years. Over 90 per cent of Thai members of parliament on December 2 voted to set up a special committee to look into the possibility of legalising casinos which have been outlawed since 1935. As a start, the committee would deal with a proposal to open an entertainment complex with a casino to attract foreign visitors and…

Thailand is considering allowing casino operations in the country, ending a decade-long ban of gambling that covers all forms except the state lottery and horse racing, with the probability that global gambling corporations could be allowed into the country within the next two years.

Over 90 per cent of Thai members of parliament on December 2 voted to set up a special committee to look into the possibility of legalising casinos which have been outlawed since 1935. As a start, the committee would deal with a proposal to open an entertainment complex with a casino to attract foreign visitors and bring additional revenue into the country, possibly in Bangkok or Pattaya.

The proposal, which is intended to create jobs and generate revenue for the government, is also expected to renew a fierce debate among proponents and opponents. Critics have long claimed that casinos would add to the country’s social ills, while supporters see it as a tool for economic growth.

Restricted to foreigners

The proposal suggests that, in a first step, legal entry to casinos in Thailand would be restricted to foreign passport holders as it is already the case in Cambodia and Vietnam.

And exactly these casinos abroad have been a huge magnet for Thai gamblers in the past, indicating strong local demand for gambling despite Buddhist moral principles teaching otherwise. As such, the issue manifests itself as a question of moral values against economic value for the country and its population.

Legal framework and regulation needed

The committee would also have to set up a legal framework to ensure casino enterprises would be properly regulated and taxed, reports said.

With regards to an adverse social impact on Thai local communities, it is understood that the first casinos – if approved – would be huge entertainment complexes run by foreign gambling corporations such as SJM Holdings, Las Vegas Sands or Galaxy Entertainment with luxury accommodation, cabarets, gourmet restaurants and pricey non-gambling offerings clearly addressing a rich clientele – as opposed to the current illegal back-street gambling dens frequented by Thais.

 



Support ASEAN news

Investvine has been a consistent voice in ASEAN news for more than a decade. From breaking news to exclusive interviews with key ASEAN leaders, we have brought you factual and engaging reports – the stories that matter, free of charge.

Like many news organisations, we are striving to survive in an age of reduced advertising and biased journalism. Our mission is to rise above today’s challenges and chart tomorrow’s world with clear, dependable reporting.

Support us now with a donation of your choosing. Your contribution will help us shine a light on important ASEAN stories, reach more people and lift the manifold voices of this dynamic, influential region.



Source link

Leave a Reply

Your email address will not be published.