Home Celebrity News Thailand takes first step towards legalizing casinos and looks to cash in on gambling tourism

Thailand takes first step towards legalizing casinos and looks to cash in on gambling tourism

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Thailand takes first step towards legalizing casinos and looks to cash in on gambling tourism

ThailandLok SabhaalreadyvoteSupport a study by the Committee to allow the establishment of casinos in large entertainment centers, legalize casinos to attract high-spending tourists to support the economy and prevent loss of revenue from illegal gambling Join countries like Japan, taking the first steps toward creating. Gambling on the fate of tourism in a hurry.

During the 28th meeting of the 500-seat House of Representatives, 253 of the 257 members present voted in support of a study by the Congress Committee. The study estimates that if casinos are installed in large entertainment centers, average spending per passenger per visit is expected to increase by 52% to 65,050 baht (US$1,790), increasing tourism revenues to 448 billion baht (US$12.2 billion). Will go. Increase in the growth rate of Gross Domestic Product (GDP) by 1.16 percentage points.

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Deputy Finance Minister Julapun Amornwiwat said the study on casinos would be sent to the Cabinet, which would decide whether legalizing casinos is “suitable for the country”. Galaxy Entertainment and MGM Resorts International are also studying the possibility of opening a casino resort in Thailand to mitigate the risk from Macau’s uncertain future.

Thailand has become the latest country to capture the global gaming tourism industry. In April last year, the Japanese government approved plans to build the country’s first integrated casino resort in Osaka. The United Arab Emirates also prepared a plan in September last year. A framework for legalizing gaming. IBISWorld estimates that the global gaming industry generated revenues of US$263.3 billion last year.

Thai Prime Minister Shretha Thawisin has actively promoted policies to attract foreign investment, and earlier on the 28th she called for strengthening supervision and curbing the loss of tax revenue to what she called the “gray economy.” , had supported the plan to legalize it.

Thailand, which is predominantly Buddhist and has a conservative social climate, has adopted more open policies in recent years to boost the tourism industry. For example, it has become the first country in Asia to decriminalize recreational marijuana (but may reinstate the ban) and is about to become the third country in Asia. A Southeast Asian country that legalized same-sex marriage.

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