EN
Casino Configurator
Feedback
@win24
@win24
Copy
Start dialog in the app
Attention!
It is important to enter the specified telegram @win24 to avoid fraud!
gaminator.deluxe
gaminator.deluxe
Copy
Start dialog in the app
Attention!
It is important to enter the specified skype gaminator.deluxe to avoid fraud!
[email protected]
[email protected]
Copy
Attention!
It is important to enter the specified email [email protected] to avoid fraud!
Our News
EN
Thailand’s Draft Casino Bill: A Promising Step Towards 2027 Launch

Thailand’s Draft Casino Bill: A Promising Step Towards 2027 Launch

29/08/2024

Thailand is forging ahead with its strategy for the creation of a legal gambling industry with the release of a draft casino bill. The 22-page document, published by the Council of State, was open for public feedback until the 18th of August 2024. This development marks a pivotal moment in the country’s plans to establish legal gaming venues, with the first expected to open in 2027.

Key provision of the Thai draft casino bill

Several prominent global businesses have already shown interest in entering Thailand’s emerging market. If the proposal is approved, it could bring substantial economic, social, and reputational rewards to the state.

Draft’s Key Provisions

According to the project, gaming establishments will be part of larger entertainment complexes, projected to contribute $5.14 billion annually to Thailand’s economy. The anticipated revenue could represent around 1% of the nation’s GDP, as per Maybank Securities’ report.

Potential amusement venues will be located in:

  • Phuket;
  • Chiang Mai;
  • Greater Bangkok;
  • Chonburi (Pattaya).

Each venue must host at least four other entertainment businesses, such as resorts, amusement parks, beaches, or convention centres, to qualify for a gambling licence.

Additionally, all casinos must be situated within 100 km of an airport and operated by Thai-registered entities with a minimum paid-up fund of $283 million. This strategic placement aims to boost accessibility and attract international visitors.

Regulatory Framework

Thailand is set to establish a regulatory body to manage its emerging casino industry. This new authority will be based in Bangkok and will operate under the close scrutiny of a policy committee headed by the Prime Minister. The creation of this regulatory body is a pivotal step towards ensuring the success and sustainability of the nation’s casino sector.

The proposed committee will be responsible for:

  1. Regulation. Developing and enforcing comprehensive rules for the entertainment industry.
  2. Supervision. Monitoring the operations of gambling ventures to ensure compliance with established standards.
  3. Promotion. Encouraging growth and investment within the sector, both domestically and internationally.
  4. Control. Implementing measures to prevent illegal activities and ensure fair play.
  5. Support. Providing assistance to stakeholders within the casino niche to foster a thriving environment.

The commission will oversee the establishment and management of amusement hubs, ensuring operators have key policies formed and implemented. The panel will decide on taxes, permit issuance, entry levels, employment criteria, casino floor parameters, etc.

Operators can secure a 30-year licence with an option for a decade renewal, aimed at attracting major international players to invest in Thailand's burgeoning gambling sector.

Fiscal Policy

The bill proposes a 17% fee on Gross Gaming Revenue (GGR).

Additional costs include:

  • the initial price of the licence - $140 million;
  • application charge - $3,000;
  • annual operation commission - $29 million;
  • casino entry fee for Thai nationals - $150.

Social and Economic Impact

Approval of the law will bring such advantages to Thailand as:

  1. Job creation. Each amusement complex is projected to create approximately 30,000 employment opportunities.
  2. Tourism boost. Gambling halls could increase the average tourist spending by 52%.
  3. Revenue growth. The casino sector could add a further $12 billion to Thailand's annual income from tourism, a vital contribution to an economy where the travel sphere already accounts for 12% of GDP.

Global Interest

ncreased worldwide interest in Thai casinos

Leading worldwide casino owners are keenly observing Thailand's progress and are eager to enter the market.

Notable companies include:

  • Sands Corp;
  • Wynn Resorts;
  • Caesars Entertainment;
  • MGM China Holdings Ltd;
  • Hard Rock International Cafe;
  • Galaxy Entertainment Group Ltd.

These companies are actively engaging with Thai authorities to explore investment prospects and understand the local market dynamics in preparation for the 2027 debut.

The draft bill will now proceed to the Thai parliament for review. It may undergo revisions before receiving final approval. The policy committee will be responsible for overseeing the bill’s implementation, ensuring that the new regulations are effectively enforced and that the casino industry integrates smoothly into Thailand’s economy.

The country's gambling market is poised to rival other major tourist hotspots like Japan and the UAE, further solidifying its position as a key player in the global gaming niche. This development is expected to attract significant foreign investors and further bolster Thailand’s economic growth.

Become a partner of the Gaminator studio and run a licenced casino or betting site with all-rounded support.

Order service

Artur Zimnij
Author
Artur Zimnij
Gambling business specialist
Share on social networks:
Our contacts:
Request via Telegram
Quick communication with the manager via Telegram chat
@win24
Our Telegram channel
@win24
Copy
Start dialog in the app
gaminator.deluxe
Contact us via Skype
gaminator.deluxe
Copy
Start dialog in the app
E-mail us
Feedback
Send us a message
Attention!

Check the information used to contact us carefully. It is necessary for your safety.

Fraudsters can use contacts that look like ours to scam customers. Therefore, we ask you to enter only the addresses that are indicated on our official website.

Be careful! Our team is not responsible for the activities of persons using similar contact details.

The Gaminator Casino System
no.1 for gambling halls and online casinos
Connect
Subscribe
to our Telegram channel
Read the freshest news about
the gambling industry
Subscribe
Our News
Demo games
Request via Telegram
Connect
Download a presentation
Share
Конфигуратор казино Создайте уникальный игровой сайт абсолютно бесплатно! Assemble a casino
Open your gaming club
with the most popular games from Gaminator
Demo games