The country’s incoming prime minister has already confirmed her status on legalized casinos
Thailand’s efforts to legalize casinos have gained momentum with the support of the country’s new Prime Minister (PM), Paetongtarn Shinawatra. Taking office yesterday, Shinawatra, who at 37 is Thailand’s youngest-ever PM, has expressed her commitment to continuing the push for casino legalization. This development comes as a relief to those advocating for the establishment of a regulated gambling industry in Thailand.
The Thai government has already made strides toward casino legalization, with a draft bill currently under consideration. This legislation outlines plans for the development of casinos in the country, and public feedback is being asked to refine the proposals. Shinawatra’s backing of this initiative signals a significant step forward, as her administration looks to move ahead with plans to launch the first casinos by 2027.
In a recent press conference, Shinawatra emphasized the potential economic benefits that a legalized gambling industry could bring to Thailand. She pointed out how similar ventures in other countries have provided a boost to their economies, suggesting that Thailand could experience similar gains. However, she also stressed the importance of implementing strict regulations to manage the risks associated with gambling, such as addiction.
The proposed legislation includes the creation of a casino regulatory body that will report directly to a committee chaired by the PM. This body will be responsible for overseeing the regulation, supervision, and promotion of integrated entertainment venues, ensuring that the industry operates within a controlled and safe environment. The draft bill proposes that Thai casinos be granted a 20-year license, with a gross gaming revenue tax set at 17%.
The path to legalizing casinos in Thailand seems more promising than ever, and the country could soon join the ranks of global gambling destinations. Shinawatra’s support may be key in making this a reality.
