The government is going to delay taking further action until it better understands the industry
Thailand’s government has decided to take a step back on its plans to legalize casino entertainment complexes, opting for more discussions with coalition members and stakeholders before moving forward. The proposal, spearheaded by the Pheu Thai-led administration, aims to establish regulated casinos as part of the country’s strategy to stimulate tourism and economic growth. However, with recent flood recovery efforts requiring immediate attention, this legislation has been placed on hold.
Deputy Finance Minister Julapun Amornvivat emphasized the importance of consensus within the government, noting that they won’t be rushing the casino legislation into parliament without a unified approach. He shared that consultations with coalition partners are essential to align on how this significant project should unfold. According to the Bangkok Post, while public hearings have generated positive feedback, formal cabinet discussions are not expected until later this year. Even so, the proposal is still a long way from becoming law, as several key aspects need to be finalized.
A key factor in the bill’s development will be input from a variety of stakeholders, Julapun pointed out, adding that diverse viewpoints will likely result in adjustments to the initial draft. The specifics, including exact locations for the casino complexes, are yet to be confirmed, though five regions are under consideration, including sites in Bangkok, the Eastern Economic Corridor, Chiang Mai, and Phuket. To ensure the venture’s feasibility, an independent study will examine the potential social and economic impacts on the surrounding communities and Thailand’s tourism sector.
The legislation also outlines plans for a policy board, led by the prime minister, which would oversee the regulatory framework for the entertainment venues. Operating licenses, projected to cost 5 billion baht (US$147 million) upfront with an annual 1 billion baht (US$29,5 million) fee, would be valid for 30 years with an option for a 10-year extension. This cautious approach reflects Thailand’s aim to balance economic ambitions with careful planning and broad stakeholder support.
