|
A gambling expert has pointed out, Thailand is currently considering allowing three tiers of casinos to evaluate the possibility of legalizing domestic gambling. Speaking at the ASEAN Gambling Summit about Thailand's immense potential, Cheng noted that Thailand is currently considering allowing a low-level casino sector, including at least $30 million in investment, $300 million to $600 million in second-tier options, and over $3 billion in top-tier options.
While operators are keen to operate in areas with existing infrastructure, such as Bangkok, which is listed as a possible location for casinos or integrated resorts (IRs), the country is also working to concentrate the benefits of casino operations not only in developed areas.
This will spread economic benefits to underdeveloped areas, further driving tourism development in regions with fewer visitors compared to popular destinations like Phuket and Chiang Mai.
Bipartisan support for casino legalization, along with support from the monarchy, is also a very positive sign for the country, limiting potential opposition and restricting the impact of any power transition on this process.
Measures to regulate and tax casinos will also move the gambling industry from the black market and limit capital outflows to other border casinos currently taking advantage of Thailand's gambling inclinations.
The public also appears to support casino legalization, with studies showing that as many as half of Thailand's adults have engaged in gambling activities (though illegal ones).
Cheng pointed out that a recent report from a Thai committee on the legalization issue highlights the need to consider public opinion as the evaluation progresses." |
This post contains more resources
You have to Login for download or view attachment(s). No Account? Register
x
|