{"id":777014608,"date":"2024-04-10T08:32:42","date_gmt":"2024-04-10T11:32:42","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777014608"},"modified":"2026-04-22T11:18:00","modified_gmt":"2026-04-22T14:18:00","slug":"thai-ministry-of-finance-to-study-feasibility-of-casinos","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/thai-ministry-of-finance-to-study-feasibility-of-casinos","title":{"rendered":"Thai Ministry of Finance to study feasibility of casinos"},"content":{"rendered":"\n

The Thai cabinet has approved a report on the viability of casinos.<\/p>\n\n\n\n\n\n\n\n

Thailand.- The cabinet has approved\u00a0a report by a special House committee<\/a>\u00a0examining the possibility of allowing entertainment complexes with casinos in Thailand. It has given the Finance Ministry 30 days to study its feasibility.<\/p>\n\n\n\n

The report, by a House panel led by deputy finance minister\u00a0Julapun Amornvivat<\/strong>, suggests that the government should allow the opening of entertainment complexes with casinos to boost the economy and dissuade the use of illegal casinos. The complexes would have casinos, hotels, shopping malls and amusement parks and would require an investment of at least THB100bn (US$2.75bn).\u00a0<\/p>\n\n\n\n

Prime minister\u00a0Srettha Thavisin<\/strong>\u00a0is reportedly in favour of the move.\u00a0MGM Resorts International<\/strong>\u00a0and\u00a0Galaxy Entertainment Group\u00a0<\/strong>have already\u00a0shown interest in the possibility of casino resorts in Thailand<\/a>.<\/p>\n\n\n\n

Maybank: Thailand’s casinos could generate US$5.14bn in annual revenues<\/h2>\n\n\n\n

Maybank Securities<\/strong> has forecast that integrated resorts with casinos could generate an annual income of approximately THB187bn (US$5.14bn), equivalent to roughly 1 per cent of Thailand’s gross domestic product (GDP).<\/p>\n\n\n\n

The projections are based tourist arrival figures for the year 2019. The suggested tax rate of 17 per cent on Thai casinos stands out favourably compared to neighbouring gaming jurisdictions such as Singapore, Malaysia, the Philippines, and Macau, where mass-market tax rates range from 25-40 per cent.<\/p>\n\n\n\n

A previous study<\/a>\u00a0suggested that Thailand\u2019s tourism revenues could increase by US$12bn if casinos are legalised at large entertainment complexes. It was estimated that the average tourist spend could increase by 52 per cent to THB65,050 (US$1,790) per trip.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Thai cabinet has approved a report on the viability of casinos.<\/p>\n","protected":false},"author":176,"featured_media":15076,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"The Thai cabinet has approved a report on the viability of integrated entertainment complexes featuring casinos, tasking the Finance Ministry with a 30-day feasibility study. This initiative aims to stimulate economic growth and mitigate illegal gambling, with projections indicating potential annual revenues of US$5.14bn and significant tourism uplift. Major international operators like MGM Resorts and Galaxy Entertainment have already expressed interest.","focusai_entities":"MGM Resorts International, Galaxy Entertainment Group, Maybank Securities, Julapun Amornvivat, Srettha Thavisin, Finance Ministry, Thai cabinet","focusai_location":"Thailand, Singapore, Malaysia, Philippines, Macau","focusai_target_profile":"ceo_executive (0.95), regulator (0.9), compliance_legal (0.85), operator_casino (0.98), payments_fraud_aml (0.75), investor_analyst (0.97), supplier_vendor (0.85), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Regulatory Framework Details","query":"What specific B2B and B2C licensing requirements, tax structures, and responsible gambling provisions are anticipated to be included in Thailand's proposed regulatory framework for integrated resorts?"},{"label":"Economic Impact Analysis","query":"Beyond the projected GGR, what are the anticipated secondary economic impacts, such as infrastructure development, employment generation, and foreign direct investment, associated with legalizing integrated resorts in Thailand?"}],"footnotes":""},"categories":[154,158,16333],"tags":[23911,23632],"class_list":["post-777014608","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-legislation-news","category-slider-home","category-south-east-asia-news","tag-gambling-regulation","tag-integrated-resorts"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777014608","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=777014608"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777014608\/revisions"}],"predecessor-version":[{"id":777014621,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777014608\/revisions\/777014621"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/15076"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777014608"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777014608"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777014608"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}