Thailand's Pioneering Effort in Evaluating Casino Gambling Legalization

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The Thai Finance Ministry has been designated to spearhead a comprehensive study, tasked by the House of Representatives, to assess the feasibility of legalizing casino gambling within the nation. This inquiry marks a significant step in Thailand’s ongoing debate on gambling regulation.

A groundbreaking directive issued by the Secretariat of the Cabinet, via an “urgent letter” at the beginning of the week, mandates that the Finance Ministry not only review the study but also coordinate with 16 additional agencies in this endeavor. Among these are the National Economic and Social Development Council, the Office of the Council of State, the Royal Thai Police, and the National Office of Buddhism. Further consultation will involve multiple ministries such as Social Development and Human Security, Tourism and Sports, Justice, Agriculture and Cooperatives, Higher Education Science Research and Innovation, Transport, Culture, Labour, Public Health, Industry, and Education.

The urgency of the task is underscored by a deadline set by the Secretariat of the Cabinet, requiring the Ministry to deliver its recommendations within 30 days, according to The Nation, an English-language news outlet. Just last week, the cabinet approved this study following its passage in the House at the end of March, as reported by IAG.

In terms of financial specifics, the study recommends imposing a 17% tax on gross gaming revenue, positioning it as one of the most competitive tax rates in the region. Licensing arrangements are proposed to last for 20 years initially, with renewals possible every five years thereafter. Entry levies for locals, though not yet specified, will be a requirement for admission to these venues.

As we have previously written, the desire to legalize casino gambling most likely has to do with government wanting to increase their tax revenue, rather than a push for more freedoms.

In the study, the scale of casino operations is also addressed, with proposals suggesting that larger casino complexes should commit to a minimum investment of $2.7 billion. These integrated resorts, as advised by the cabinet last week, should ideally be situated near international airports to cater conveniently to overseas visitors.

In a related development, according to a report from Maybank, Thailand could potentially see its first integrated resort open by 2029, a timeline that precedes the expected completion of MGM Resorts International’s $10 billion project in Osaka, Japan, set for 2023.

As Thailand contemplates this significant shift towards legalizing casino gaming, the government continues its rigorous stance against illegal online gambling, having blocked over 25,000 online gambling platforms since October 2023, marking a strict enforcement initiative started in April of this year.

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