BANGKOK — In a move that’s got tongues wagging, Thailand’s cabinet has formally approved a draft bill aimed at legalising gambling, particularly within large-scale entertainment complexes. This significant decision, announced by Prime Minister Paetongtarn Shinawatra on 13 January 2024, seeks to invigorate the tourism sector, generate jobs, and attract investment.
What’s in the Plan?
The proposed legislation would permit the establishment of casinos and other gambling facilities in designated entertainment hubs that would also feature theme parks, hotels, and shopping malls. Current gambling laws in Thailand have long been restrictive—only allowing state-run horse racing and lotteries, while illicit betting flourishes in the shadows.
Economic Rationale for Legalisation
- Increase tourism by 5% to 10%
- Create between 9,000 to 15,000 new jobs
- Potential to boost tourism revenue by up to 220 billion baht (approximately S$8.67 billion)
Deputy Finance Minister Julapun Amornvivat noted that legalising gambling would not only safeguard public interests but also generate significant revenue for the state. “Legalisation will protect the public and would also generate more state revenue,” he said.
A Historical Perspective
Many successive Thai governments have attempted to push for gambling laws, often facing resistance from conservative factions in this predominantly Buddhist country. Despite ongoing debates, Thailand continues to lag behind its neighbours like Singapore, Cambodia, and the Philippines, which have reaped economic benefits from their casino industries.
Next Steps
The bill is set to be forwarded to the Office of the Council of State for drafting, before it undergoes further deliberation and voting in Parliament—a process likely to take several months.
If successful, this legislation could radically transform Thailand’s tourism landscape. After the turmoil brought on by the COVID-19 pandemic, the kingdom is keen to recover and capitalise on all available avenues to boost its economy.