Bangkok’s Cabinet approved a draft law for casinos and entertainment complexes on Thursday ( Mar 27 ), as the government works to boost tourism and establishes a significant gaming sector.
Other than the state-controlled horse racing, the jackpot, and some sports, playing is largely outlawed in Thailand. However, successive governments have pressed for legislation to permit casinos to attract more foreign visitors and generate more jobs and state income.  ,  ,  ,  ,  ,
However, the most recent document, which was approved by the Cabinet, may significantly restrict how many Thai gamblers can gamble at games, with a 5, 000 baht ( US$ 150 ) entry price and at least 50 million ringgit in bank reserves. This will effectively obstruct large segments of the population, whose per capita gross domestic product is about US$ 7, 300.
The requirement for Thai citizens ‘ property would be dropped because it would enlist too many people, according to a deputy finance minister earlier this month.  ,  ,  ,
A federal declaration also states that the game area may only hold up to 10 % of the total area of an entertainment challenging.  ,
The Senate and the king will need to approve the document legislation, which will then be sent to Parliament.  ,
The law’s specifics, according to Prime Minister Paetongtarn Shinawatra, are still a mystery because Parliament would have the ultimate state.  ,  ,
According to a Citi statement from late last year, about quarter of Thai adults aged 20 and older may be casino players, making Thailand a potential third-largest gambling destination.
The Pheu Thai party, under the leadership of the populist government, hopes to entice at least 100 billion baht in new casino and entertainment establishment investments and see a 5 % to 10 % increase in foreign arrivals each year, while generating more than 12 billion baht in annual revenue.
In Thailand, illegal activities have been operating for years despite the majority of betting and gambling being outlawed.
However, a poll in Thailand in January revealed that the plan was opposed, and some political parties have argued that creating a gambling industry would only make societal issues worse.  ,
While many nations in Southeast Asia have legalized casinos, only a few like the wealthy Singapore have been successful in attracting big players like Las Vegas Sands to the country on the back of stringent laws.
Thailand, Southeast Asia’s second-largest market, is a major force behind hospitality. The state anticipates 38 million international arrivals this year, breaking its pre-pandemic report of nearly 40 million tourists.  ,