Thai Casino Industry Legalization: Bill Identifies IR Locations
In the latest update on the Thai casino industry legalization, Thailand’s Deputy Finance Minister Julapun Amornvivat has confirmed that the government will have the authority to determine the locations for casino-inclusive entertainment complexes under the proposed casino legalization bill. This decision aims to ensure fairness among investors competing for the project.
Julapun explained that government selection of the sites would prevent conditions favoring specific parties, creating a level playing field. He acknowledged that some investors might own land and attempt to advocate for a casino-entertainment complex on their property. But the government’s oversight is designed to mitigate such influences. While it’s tricky to do this in Thailand, those who want to start their own online business can easily learn how to open a casino here.
Thai Casino Industry Legalization Update
The number of casino complexes to be built nationwide will also be determined by the government. Once a final decision is reached, the responsible committee will present the proposal to the cabinet for approval. This is outlined in the current draft of the legislation. Construction of the integrated resorts (IRs) is expected to take at least three to four years.
Each complex requires an estimated minimum investment of THB100 billion ($2.92 billion). The initiative is projected to transform Thailand’s tourism landscape by driving increased visitor spending. Julapun noted that the project could boost Thailand’s GDP by 0.2 percent annually during construction and by 0.7 percent once operational.
A study conducted by the Fiscal Policy Office suggests that these entertainment complexes could significantly increase Thailand’s tourism revenue. The study estimates that the projects could attract an additional 5–20 percent of foreign tourists, raising average spending per visitor from THB40,000 ($1,169) to THB60,000 ($1,754). You can learn how to play casino games easily to find out what you can expect to see in a Thai casino in the future.
Progress on the Casino Bill
Progress on the bill continues, with a public hearing held in August to gather feedback. The final proposal is expected to reach the cabinet by the end of the year. The government is optimistic that the legislation will pass both houses of parliament. If approved, the bill could become law as early as mid-2025.
The bill includes 65 sections addressing licensing and regulations. Operators will need to secure licenses valid for up to 30 years. There will be an initial registration fee of THB5 billion ($146 million). In addition, there will also be an annual payment of THB1 billion ($29 million). Licenses will be subject to a five-year assessment and may be renewed for an additional 10 years after the 30-year term.
Five potential sites have been identified: two in Bangkok, and one each in the Eastern Economic Corridor, Chiang Mai, and Phuket. If however, you want to earn from sports betting and casino gaming, you do not need to get on an airplane. All you need to do is build a sportsbook and you can start earning wherever you are right now. This sportsbook pay per head software is the best software to help you get things done.
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