A bill to establish casino resorts in Thailand is set to be presented by the end of 2024
The minister emphasized the significant employment opportunities that could arise from legalizing casinos, expressing hope that many Thais will find jobs in these entertainment complexes, although training will likely be necessary. Amornvivat also highlighted the potential impact of gaming establishments on the region's attractiveness to foreign tourists.
A final decision on the locations of the casinos has yet to be made. However, the newly appointed Prime Minister of Thailand, Petongtarn Chinawat, has expressed support for three potential sites in Bangkok. Analysts at JP Morgan have also positively assessed the idea of opening casino resorts in the capital, anticipating that these establishments will generate substantial profits.
The Prime Minister hinted that entertainment complexes may be allowed to allocate 10% of their space for gaming operations, up from the previously proposed 5%. If this proposal is implemented, it would serve as a significant incentive for operators looking to establish a presence in Thailand.
The first casino in the country is expected to open in 2029, as the process of developing the regulatory framework continues to accelerate. The impending legalization of gambling establishments has already attracted interest from operators. For instance, Malaysian publication Sin Chew Daily recently reported that the Genting brand is considering Thailand as a potential business development destination. This year, the bidding process for the construction of entertainment complexes is also expected to be completed, pending approval from regulatory authorities.
It is noteworthy that Thailand will allow private companies to open the first casino resorts.
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