{"id":2999,"date":"2024-05-15T16:17:35","date_gmt":"2024-05-15T09:17:35","guid":{"rendered":"https:\/\/plizz.co\/?p=2999"},"modified":"2024-05-15T16:17:36","modified_gmt":"2024-05-15T09:17:36","slug":"thailands-casino-plan-could-boost-gdp-growth-to-4-5-property-developers","status":"publish","type":"post","link":"https:\/\/plizz.co\/th\/blog\/thailands-casino-plan-could-boost-gdp-growth-to-4-5-property-developers\/","title":{"rendered":"Thailand\u2019s casino plan could boost GDP growth to 4-5%: property developers"},"content":{"rendered":"
\"mDilaRj5PPRUySEvHDHb\"<\/figure>\n\n\n\n

April 04, 2024<\/p>\n\n\n\n

The government\u2019s plan to open 20 casino entertainment complexes in tourist cities across the country could boost Thailand\u2019s GDP to 4-5% per year, the Chonburi Real Estate Association said on Wednesday.<\/strong><\/p>\n\n\n\n

Legalising gambling has become a hot topic of debate after MPs last week approved a feasibility report on opening casino entertainment complexes.<\/p>\n\n\n\n

Prime Minister Srettha Thavisin has also voiced support for legal casinos as a way to channel money away from underground gambling and into government coffers via taxation.<\/p>\n\n\n\n

\u201cOpening an entertainment complex, in whatever city, would attract an influx of businesses and workers to the area,\u201d said association president Watthanaphol Pholchewin<\/strong>.<\/p>\n\n\n\n

\u201cThe real estate industry would especially benefit from increased sales and expansion of projects in a radius of up to 10 kilometres from the complex.\u201d<\/p>\n\n\n\n

Watthanaphol estimated that each complex could create at least 30,000 new jobs for surrounding communities and attract investments worth several hundred billion baht in casinos, hotels, shopping malls, restaurants and related businesses, including seaport and airport expansion.<\/p>\n\n\n\n

\u201cWith 20 entertainment complexes planned, Thailand could benefit from a revenue boost of several hundred billion baht per year, driving GDP expansion to 4-5% year on year,\u201d he said.<\/p>\n\n\n\n

Thai GDP grew just 1.9% last year while the Finance Ministry forecasts GDP expansion of 2.8% this year.<\/p>\n\n\n\n

The association said it expected to see a Chonburi province casino open either in Pattaya or Sattahip, as the two cities are well-known for beach attractions, world-class entertainment venues, and good transport links.<\/p>\n\n\n\n

It said casinos planned for cities like Chiang Mai should be built on the outskirts where space is available and they would attract visitors from nearby provinces. Potential locations in Chiang Mai include the Hang Dong and San Kamphaeng districts, said Watthanaphol.<\/p>\n\n\n\n

Source: The Nation<\/a><\/p>","protected":false},"excerpt":{"rendered":"

April 04, 2024 The government\u2019s plan to open 20 casino entertainment complexes in tourist cities across the country could boost Thailand\u2019s GDP to 4-5% per year, the Chonburi Real Estate Association said on Wednesday. Legalising gambling has become a hot topic of debate after MPs last week approved a feasibility report on opening casino entertainment […]<\/p>\n","protected":false},"author":26,"featured_media":3000,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2999","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"yoast_head":"\nThailand\u2019s casino plan could boost GDP growth to 4-5%: property developers<\/title>\n<meta name=\"description\" content=\"Read our article " Thailand\u2019s casino plan could boost GDP growth to 4-5%: property developers ". 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