Divisions within Thailand’s Parliament have stalled progress on the bill to legalize casinos.
The Bangkok Post reported that the Bhumjaithai Party, part of the ruling coalition, voiced objections to various aspects of the bill, with concerns echoed by opposition parties.
They questioned the projected financial and tourism benefits of legalizing casinos, arguing that Thailand’s tourism sector is already robust. The Democratic Party also challenged the idea that Thailand could replicate Macau’s success in the casino industry.
Boosting tourism and enhancing the entertainment economy were key goals for former Prime Minister Srettha Thavisin in his push to open the casino sector. However, Thavisin was ousted last week over an ethical violation, casting doubt on the future of the casino legislation, which was central to his agenda.
Deputy Prime Minister Phumtham Wechayachai, who reportedly supported Thavisin’s plans, has taken over, but the governing party’s credibility has been weakened by Thavisin’s departure.
The bill’s regulations aimed to ensure that venues function as entertainment resorts rather than just casinos, with gambling limited to 5% of the floor space. Bhumjaithai criticized this aspect, arguing that it would reduce employment opportunities for local workers.
Thailand’s market has drawn considerable interest from major global operators, including Genting, which has identified the region as a key area for expansion.
As interest from operators grows, the bidding process for casino licenses is expected to be completed this year, followed by regulatory approvals.
Recently, the bill was sent back to the public for feedback, with hopes that Thailand could outpace other emerging markets like the UAE and Japan and open its first casino by 2029.
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