{"id":3451,"date":"2024-09-12T02:19:19","date_gmt":"2024-09-11T19:19:19","guid":{"rendered":"https:\/\/plizz.co\/?p=3451"},"modified":"2024-09-12T02:19:21","modified_gmt":"2024-09-11T19:19:21","slug":"under-new-pm-thailand-inches-toward-legal-casino-industry","status":"publish","type":"post","link":"https:\/\/plizz.co\/th\/blog\/under-new-pm-thailand-inches-toward-legal-casino-industry\/","title":{"rendered":"Under new PM, Thailand inches toward legal casino industry"},"content":{"rendered":"
\"iStock<\/figure>\n\n\n\n

Thailand\u2019s new prime minister, Paetongtarn Shinawatra, was sworn in on Friday (6 September). Under her leadership, the kingdom is expected to pass legislation to develop up to five casino resorts.<\/strong><\/p>\n\n\n\n

During a recent public-comment period,\u00a080% of residents in attendance expressed support for the proposal introduced under former PM Srettha Thavisin.\u00a0Srettha got the boot in August, after appointing an ex-convict to his cabinet.<\/p>\n\n\n\n

The new prime minister, Shinawatra, is expected to continue the momentum toward Singapore-style \u201centertainment complexes\u201d with casinos.<\/p>\n\n\n\n

Like Singapore, Thai casinos would emphasise non-gaming, with theme parks, restaurants, retail, concert arenas, meeting space, hotels and other attractions. Gaming floors would occupy 3%-10% of total floor space.<\/p>\n\n\n\n

Gambling is currently illegal in the largely Buddhist kingdom, with the exception of horse racing and a government-sanctioned lottery. But black-market gambling in Thailand is widespread.<\/p>\n\n\n\n

Former PM Thaksin tips interest in casino resorts<\/h2>\n\n\n\n

Paetongtarn, who\u00a0officially took office on 6 September, has not explicitly come out in favour of casino resorts. But her father, a former prime minister, endorsed legal casinos and that was the signal industry observers were looking for.<\/p>\n\n\n\n

In public comments 22 August,\u00a0billionaire Thaksin Shinawatra\u00a0echoed Srettha\u2019s vision for a new industry to lift the economy and boost tourism. Casinos are expected to attract globe-trotting big spenders, like Chinese mainlanders. But a study suggests 90% of patrons will be Thai nationals.<\/p>\n\n\n\n

Thaksin was prime minister of Thailand from 2001 to 2006. Ousted by a military coup, and facing charges of tax evasion and corruption, he fled the country. Shinawatra lived in self-imposed exile, mostly in London, for 15 years.<\/p>\n\n\n\n

He returned last month and in short order was jailed, released and pardoned. In a stunning turnabout, he was there to see\u00a0his youngest daughter anointed prime minister\u00a0last week.<\/p>\n\n\n\n

Thaksin is said to be the real power broker of the family. On the website of the Council on Foreign Relations, bloggers\u00a0Joshua Kurlantzick\u00a0and\u00a0Pavin Chachavalongpun said the \u201cpolitically inexperienced\u201d Paethongtarn will \u201ceither be a puppet of her father or the conservative elites\u201d.\u00a0<\/p>\n\n\n\n

Focusing on a stronger economy<\/h2>\n\n\n\n

Meanwhile, Paetongtarn promises to rebuild the country\u2019s sluggish economy, which has not yet fully recovered from the Covid-19 pandemic.<\/p>\n\n\n\n

A 2023 government study found that entertainment complexes could\u00a0boost tourism revenue\u00a0by 406.6bn baht (\u00a39bn\/\u20ac10.87bn\/$US12bn) in the first year. Five casinos are expected to be licensed: two in Bangkok; one each in Chiang Mai and Phuket; and one in the Eastern Economic Corridor (Chachoengsao, Chonburi and Rayong provinces).<\/p>\n\n\n\n

Thailand\u2019s deputy finance minister, Julapun Amornvivat, says feedback from the public will inform the next iteration of the draft bill. The new bill will go to the cabinet. If approved there, it will proceed to the Council of State for review, then back to the house of representatives.<\/p>\n\n\n\n

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

Thailand\u2019s new prime minister, Paetongtarn Shinawatra, was sworn in on Friday (6 September). Under her leadership, the kingdom is expected to pass legislation to develop up to five casino resorts. During a recent public-comment period,\u00a080% of residents in attendance expressed support for the proposal introduced under former PM Srettha Thavisin.\u00a0Srettha got the boot in August, […]<\/p>\n","protected":false},"author":28,"featured_media":3452,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-3451","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"yoast_head":"\nUnder new PM, Thailand inches toward legal casino industry<\/title>\n<meta name=\"description\" content=\"Read our article " Under new PM, Thailand inches toward legal casino industry ". 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