With strong support from Paetongtarn Shinawatra, the country’s new prime minister, Thailand is getting closer to legalizing casinos. Shinawatra, the 37-year-old PM of Thailand, has expressed her strong support for the creation of a regulated gaming sector. Her dedication is encouraging to those who are pushing for the nation to legalize casinos.
Draft Legislation and Economic Promises
The Thai government is already progressing on this front. A draft bill aimed at legalizing casinos is currently under review. The proposed legislation outlines plans to develop casino resorts, with the intention of launching the first establishments by 2027. Public input is being sought to refine the bill, ensuring it meets the needs and expectations of the Thai people.
During a recent press conference, Shinawatra highlighted the potential economic benefits of a legalized gambling sector. Drawing parallels to successful casino industries in other nations, she suggested that Thailand could experience substantial economic growth. Nevertheless, she emphasized the need for rigorous regulations to mitigate risks such as gambling addiction.
The draft bill proposes the creation of a dedicated casino regulatory body. This entity will report directly to a committee led by the Prime Minister. Its responsibilities will include overseeing the regulation, supervision, and promotion of integrated entertainment venues. The legislation suggests that casinos in Thailand will be granted a 20-year license and will face a gross gaming revenue tax of 17%.
The casino legalization effort has made significant progress with Shinawatra’s backing. In order to maintain ethical gaming practices, the proposed framework seeks to establish Thailand as a competitive participant in the worldwide gambling market.
The new government’s support makes it seem more likely than ever that Thailand will establish itself as a major gambling destination. In the near future, a robust casino business might be made possible by a mix of aggressive regulatory measures and financial incentives.
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