Thailand’s cabinet has approved the Entertainment Complex Bill, a significant legislative step towards legalising casino resorts within the country.
The Bill, which now progresses to parliament for further consideration, aims to attract substantial international investment, boost tourism and generate significant employment opportunities.
Should it become law, it is projected to inject an additional THB39.4bn (US$1.16bn) annually into government coffers through tax revenue.
The Bill includes a controversial provision, The Millionaire Clause, which could limit local participation. Under this clause, Thai residents would face a THB5,000 ($150) entry charge and be required to maintain a bank balance of at least THB50m (S1.5m). This requirement has been criticised for potentially deterring investor interest, with Genting Singapore expressing reservations about a market reliant almost entirely on foreign tourists.
The government, however, continues to advocate for the Bill, highlighting its potential to stimulate economic growth and tourism.
Jirayu Houngsub, a government spokesperson, says: “The entertainment complexes would be limited to using only 10% of their floor space for casino operations. Additionally, the Bill introduces strict regulations, including prohibitions on linking gambling to computer systems, broadcasting gambling activities and incentivising larger bets.”
The Bill still requires approval from parliament, the Senate and the Monarch before becoming law. The government also plans to conduct public hearings in the proposed host locations, including Bangkok, Chiang Mai, Phuket and Chonburi.
