Legalization of casinos to resolve underground gambling

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Thai Prime Minister Sretta Tabithin (file photo) said legalizing casino gambling in Thailand would be one way to curb the number of illegally concentrated areas in the country. He spoke in his first monthly televised address as Thailand's leader on Saturday.

The official said legal casinos will keep gambling businesses under government control. "We have to acknowledge that underground gambling is a serious problem and must be solved by legalizing it," Mr. Sretta said in a speech, according to local media reports. 안전한 카지노사이트

In March, the House supported a panel of lawmakers' research in favor of setting up legalized casinos inside large entertainment facilities to attract tourists.

Thailand's Finance Ministry leads 16 different government agencies in a study on the feasibility of legalizing casino resorts in Thailand.

Deputy Finance Minister Houlapun Amonvivat said last week that a report on how to legalise domestic casino businesses would be ready for cabinet deliberations in three to four weeks.

Each casino resort will require at least 100 billion THB ($2.75 billion) investment, as set out in the House committee report.

A March report by Maybank Investment Bank Bhd said Thailand's first casino resort was likely to open in "2029" and the license would be "granted in phases."

During the Global Gaming Expo (G2E) Asia 2024 conference segment in Macau earlier this month, some casino industry observers warned that casino opportunities in Thailand are constrained by certain risks, particularly whether there is a sound regulatory and institutional framework to attract international investors.