A significant increase in tourist spending could be on the horizon for Thailand if casino resorts were to be established, according to a study cited by Bloomberg.
The study suggests that average tourist spending could surge by 52 percent, reaching THB65,050 (US$1,785) per trip if casino resorts were introduced. This potential rise in spending is expected to have a positive impact on the country’s economy.
Economic Growth and Job Creation
Furthermore, the report indicates that annual tourism revenue might soar by up to US$12 billion, potentially boosting the country’s gross domestic product growth by 1.16 percentage points. Additionally, the construction of five casino resorts across different regions could create at least 50,000 job opportunities, as proposed by Thailand’s Labour Minister, Phiphat Ratchakitprakarn.
Despite the economic benefits, there are concerns regarding the potential social impacts of introducing casinos. To address these concerns, the study recommends implementing safeguards to prevent gambling addiction among Thai citizens. Deputy Finance Minister Julapun Amornvivat, leading a panel of lawmakers on the casino issue, has proposed several measures to ensure responsible gambling.
Local authorities have expressed interest in hosting casino complexes, with the mayor of Pattaya suggesting the possibility of establishing one near the popular beach resort of Jomtien. However, the Royal Thai Police have emphasized the importance of maintaining distance from local communities and educational institutions when constructing casino complexes.
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