The Thai government is exploring the possibility of restricting gambling areas within entertainment complexes to no more than 5 percent of the total project space. According to Bangkok Post, this proposal was revealed by Deputy Finance Minister Julapun Amornvivat, who also chairs the House committee responsible for evaluating the potential establishment of casino resorts in the country.
Amornvivat noted that the allocation of space for gaming activities within these entertainment complexes would be determined based on input from various governmental entities involved in a project.
Last month, Thailand’s cabinet approved a report from the National Assembly committee that examined the feasibility of introducing casino resorts in the country. The Ministry of Finance was tasked with conducting a 30-day study to assess the viability of implementing such a policy.
Each proposed venue would require a minimum investment of THB100 billion ($2.75 billion), according to the committee report. Amornvivat recently requested a two-week extension for the study period to further evaluate the matter in collaboration with 16 other government agencies.
The special House committee’s study focused on three main areas. Firstly, it examined the potential impacts of introducing entertainment complexes with casinos on various aspects of Thai society, including economics, politics, social dynamics, and the environment.
Secondly, the committee analyzed the business framework of integrated entertainment venues, exploring revenue generation mechanisms such as taxes, fees, and licensing structures. It recommended the implementation of specific casino taxes and the establishment of a fund aimed at addressing the negative effects of gambling activities.
Lastly, the report highlighted the importance of conducting a comprehensive review of the legal framework governing entertainment venues and gambling laws in Thailand. This effort aims to update existing legislation or develop new laws that align with the evolving societal landscape.
The objective of these deliberations is to ensure that any decisions regarding the establishment of casino resorts are informed by thorough analysis and consideration of their potential implications for Thai society.
A recent report from Maybank Securities projected that Thailand could inaugurate its first integrated resorts as soon as 2029, positioning the country ahead of Japan in launching casino gaming. Japan’s MGM Resorts International-led IR development in Osaka is not expected to be completed until at least 2030.
Original article: https://www.yogonet.com/international/noticias/2024/05/14/72168-thailand-considers-limiting-gambling-areas-to-5-of-total-project-space
