Thailand approves draft law to legalize casinos, restrict local access

Thailand’s cabinet has approved a draft law allowing casinos and entertainment complexes, as the government seeks to boost tourism, create jobs, and increase state revenue.  

Prime Minister Paetongtarn Shinawatra told reporters on Thursday that the details of the law were not final as parliament would have the final say.

The latest draft includes strict conditions for Thai nationals, requiring an entry fee of 5,000 baht ($140) and proof of 50 million baht ($1.47 million) in bank deposits, effectively limiting access to the wealthy.  

Deputy Finance Minister Julapun Amornvivat suggested the assets requirement could be scrapped, as it excludes too many people. He said officials had decided to submit the draft in its current form and deal with possible amendments later.

Casinos will be restricted to 10% of an entertainment complex’s total area, according to a government statement.  

To prevent excessive gambling and financial misconduct, the law includes several restrictions:  

• Casino operators cannot broadcast gambling or link games to computer systems.  
• All casinos will be subject to Thailand’s anti-money laundering law.  
• Public hearings must be conducted before approving entertainment complex locations.  

Government spokesman Jirayu Houngsub defended the initiative: “The government supports entertainment complexes mainly to stimulate the economy, investment, and tourism.”  

The government estimates the casino industry could attract 100 billion baht ($3 billion) in new investment and generate 12 billion baht ($350 million) in annual revenue.  

A Citi report suggests that nearly 50% of Thais over 20 could be casino players, potentially making Thailand the world’s third-largest gambling destination.  

While 80% of 71,300 respondents in an online hearing supported the bill, public opinion remains divided.  

The People’s Party warned that China could discourage its citizens from visiting Thailand if gambling is legalized. Critics also argue that casinos could fuel social problems.  

Protests erupted at Government House, where demonstrators accused the government of prioritizing economic gains over social welfare.