Summary
- Thailand announces four proposed sites for future casino resorts, which will be termed entertainment complexes.
- The final details of the law legalizing these projects and outlining their operations are being finalized.
- The introduction of entertainment complexes is expected to generate 40,000 jobs and draw 50 million visitors.
Thailand has chosen the sites for its upcoming entertainment complexes, a series of heavily debated investment projects currently under review by lawmakers and regulatory authorities.
Thai casinos find their location, location, location
These projects aim to enhance the kingdom's tourism revenue and establish its presence in the casino gaming industry across Asia and beyond. Recently, four locations have been identified for these developments: Bangkok, Chonburi, Chiang Mai, and Phuket. This announcement was made last week and initially covered by the Bangkok Post, citing Nikon Boonwiset, Vice Chairman of a Special Committee overseeing the plans for legalizing entertainment complexes. According to the Thai government, the initiative is expected to create 40,000 new jobs and attract up to 50 million visitors annually, significantly boosting the tourism sector. Importantly, these entertainment complexes will not solely focus on casinos. In fact, casinos will make up less than 10% of the total project area, with additional amenities such as amusement parks and sports arenas being a part of the development. Thailand has been grappling with legalizing casino resorts and has even considered restricting access to individuals with more than $1 million in bank deposits.
Further details are being hammered out about upcoming casino complexes
The proposal appears to be losing support, although lawmakers have not entirely dismissed it. Meanwhile, not everyone is welcoming the introduction of casinos. Observers have raised concerns about potential social issues, the proliferation of problem gambling and associated harm, and especially crime. The government has largely assured that these concerns are unfounded. However, organizations like the Stop Gambling Foundation have cautioned that the introduction of casino resorts could facilitate money laundering. Similar occurrences have been noted elsewhere in the region, where affluent individuals gamble large amounts to disguise the origins of their funds.
