Thailand’s Political Parties pushing for land-based casino

Thailand's Political Parties pushing for land-based casino

A number of Thai political parties have submitted draft amendments to the Gambling Act that, if approved, would legalize land-based and online gambling.

Logically, the plan includes properties in the provinces that receive the greatest amount of tourism traffic. The goal is to raise funds during a period when the country’s economy is still recovering after the COVID-19 debacle.

They need more revenue, by legalizing casinos, it would create more jobs, stimulate local economies, and provide tax revenue to the government. Kovit Pangngam, a member of the Thai Local Power Party, expects that the land-based casinos would generate approximately around THB400 billion to THB600 billion (about US$11.6 billion to $17.46 billion) per year.

Kovit stated that means a lot of revenue. Between taxes, license fees, and other sources, Thailand could generate as much as THB1.5 trillion (US$43.7 billion) from the online segment alone.

The Gambling Act Amendment Draft included verification of players in order to make sure that no underage person can access these services. It also includes measures to prosecute unlicensed platforms.

READ MORE

Online Casino Malaysia 2022

Unlike most other casino gaming review sites online which target Western markets, GamingSafe.net is the very first site to specifically target Online Casinos in Malaysia, Thailand, and Indonesia, giving us a better view of the online gaming landscape in this region.

We review Online Casino Malaysia & Sportsbook Sites. With this list, you can focus on winning the game instead of worrying about whether the websites are genuine or not! We review the site, you enjoy the game! View our Top 10 Trusted Online Casino Malaysia.

Latest News

Latest Game Reviews

Latest in e-Sports

Get The Latest Updates

Subscribe To Our Newsletter

Sign up for exclusive offers and latest news and receive them straight to your inbox.

Latest in Poker

Latest in Payments