Thailand's cabinet on Thursday approved a draft law for casinos and entertainment complexes, according to the Bangkok Post1. The presence of the entertainment complex bill on the cabinet's agenda drew about 80 protesters to Government House the same day1.
The draft sets conditions for Thai nationals. It includes an entry fee of 5,000 baht and proof of at least 50 million baht in bank deposits, a requirement the report says would effectively block large swathes of the population1. Deputy Finance Minister Julapun Amornvivat said earlier in March that the assets requirement for Thai nationals would probably be scrapped because it would exclude too many people, and that officials had decided to submit the draft in its current form and deal with possible amendments later1. Prime Minister Paetongtarn Shinawatra told reporters on Thursday that the details of the law were not final as parliament would have the final say1.
Under the draft, the casino area may only occupy up to 10% of the entire space of an entertainment complex, according to a government statement1. Government spokesman Jirayu Houngsub said the bill would require public hearings in locations proposed for entertainment complexes and compensation for any negative impacts1. Operators would be prohibited from linking gambling at casinos to any computer system, broadcasting gambling at casinos, or trying to increase the number of players and bets, and casino operations would be subject to the anti-money laundering law1.
"The government supports entertainment complexes mainly to stimulate the economy, investment and tourism."
The government hopes to achieve the following with casinos and entertainment complexes1:
- attract at least 100 billion baht in new investment
- see an annual boost to foreign arrivals of 5% to 10%
- generate revenue of more than 12 billion baht a year
Jirayu said 80% of the 71,300 respondents to an online public hearing held from Feb 28 to March 14 expressed support for the bill1. The report also notes a recent public opinion poll showing a majority of people are worried about the negative effects of legalized gambling, and that the opposition People's Party said legalizing gambling could backfire on tourism if China discourages its citizens from visiting Thailand1.
Gambling is mostly banned in Thailand apart from state-controlled horse racing, the lottery and on some sports1. A Citi report late last year estimated that about half of people aged 20 and more in Thailand could be casino players, providing a base for the country to potentially become the world's third-largest gambling destination1.
Pichit Chaimongkol, a leader of the rally, said entertainment complexes and casinos were not in the policy statement Paetongtarn made to parliament but were being pushed by Thaksin Shinawatra, the prime minister's father1.
"The promotion of vices is tantamount to tempting people to take the wrong direction and opposite to developing the quality of life to improve people's well-being."
What it means for players
Nothing changes immediately. The bill is a draft, and gambling in Thailand remains mostly banned apart from state-controlled horse racing, the lottery and some sports1. If the draft becomes law as written, Thai nationals would face an entry fee of 5,000 baht and proof of at least 50 million baht in bank deposits to enter a casino, a threshold the report says would exclude large parts of the population1. The deputy finance minister has said that assets requirement would probably be scrapped, but the draft submitted to cabinet keeps it, and the prime minister has said parliament will have the final say1. The draft does not set out entry conditions for foreign visitors. The casino floor would be capped at 10% of an entertainment complex's total space, so any venue would be mostly non-gaming1. For the current legal position, see Can I Gamble in Thailand? and Gambling Laws in Asia: What Is Legal in 12 Jurisdictions.
What happens next
The bill will be sent to the House of Representatives, and if passed, will also need approval from the Senate and His Majesty the King1. The report does not state when parliament will consider it.
Sources1 sources
- Bangkok Post - Thai cabinet approves casino bill, bangkokpost.com