{"id":777026027,"date":"2025-05-05T10:05:18","date_gmt":"2025-05-05T13:05:18","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777026027"},"modified":"2026-04-21T23:18:58","modified_gmt":"2026-04-22T02:18:58","slug":"thai-pm-defends-casino-bill-on-tv-show","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/thai-pm-defends-casino-bill-on-tv-show","title":{"rendered":"Thai PM defends casino bill on TV show"},"content":{"rendered":"\n<p>Paetongtarn Shinawatra says entertainment complexes with casinos would boost the economy.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>Thailand.- Prime Minister<strong> Paetongtarn Shinawatra <\/strong>has again defended <a href=\"https:\/\/focusgn.com\/asia-pacific\/thai-fiscal-policy-office-issues-12-point-statement-backing-casino-bill\" target=\"_blank\" rel=\"noreferrer noopener\">the bill to legalise casino resorts<\/a> in Thailand saying that it would boost the country&#8217;s economy. In her weekly TV Show, Empowering Thais, broadcast yesterday (May 4), Shinawatra said integrated resorts would attract<strong> foreign investment <\/strong>and generate significant tax revenue for the government.<\/p>\n\n\n\n<p>Referring to concerns among academics and religious groups over gambling harm, Shinawatra said the aim was not to promote vice but to bring the country in line with a global trend. Shinawatra also accused opposition parties of misinforming the public about the contents of the bill.<\/p>\n\n\n\n<p>She said: &#8220;Entertainment complexes will not lead Thailand to its worst vices\u2026 Developed countries like Singapore, the US, Japan and the UAE follow this global trend. They know that sand, sun, sea are not enough any longer. There must be manmade attractions. We don\u2019t want Thailand to miss the trend.&#8221;<\/p>\n\n\n\n<p>Shinawatra noted that it would be difficult for Thai citizens to gamble in casinos due to checks on their financial and criminal backgrounds. The proposed legislation stipulates that&nbsp;<a href=\"https:\/\/focusgn.com\/asia-pacific\/thai-casino-bill-to-retain-steep-financial-requirements-for-citizens-for-now\" target=\"_blank\" rel=\"noreferrer noopener\">Thais wanting to access a casino<\/a>&nbsp;would be required to pay a fee of THB5,000 (US$150) and show proof&nbsp;of at least THB50m (US$1.5m) in fixed deposits.<\/p>\n\n\n\n<figure class=\"wp-block-embed aligncenter is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\"><div class=\"wp-block-embed__wrapper\">\n<iframe title=\"\ud83d\udd34\ud83c\udf08 | Live | \u0e16\u0e48\u0e32\u0e22\u0e17\u0e2d\u0e14\u0e2a\u0e14 \u0e23\u0e32\u0e22\u0e01\u0e32\u0e23 \u0e42\u0e2d\u0e01\u0e32\u0e2a\u0e44\u0e17\u0e22 \u0e01\u0e31\u0e1a \u0e19\u0e32\u0e22\u0e01\u0e41\u0e1e\u0e17\u0e2d\u0e07\u0e18\u0e32\u0e23 #EMPOWERINGTHAIS\u201c\u0e2a\u0e23\u0e49\u0e32\u0e07\u0e42\u0e2d\u0e01\u0e32\u0e2a\u0e43\u0e19\u0e27\u0e34\u0e01\u0e24\u0e15\u201d\" width=\"625\" height=\"352\" src=\"https:\/\/www.youtube.com\/embed\/mJ1K_IgM204?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe>\n<\/div><\/figure>\n\n\n\n<p>Analysts at Maybank Securities (Thailand) have forecast that&nbsp;<a target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/thai-casinos-could-generate-us8-39bn-in-annual-revenue-analysts-say\" rel=\"noreferrer noopener\">casinos in Thailand<\/a>&nbsp;could generate THB278bn (US$8.39bn) annually in revenue.&nbsp;Approximately THB195bn would be derived from gaming activity, while the remaining 30 per cent is expected to come from non-gaming segments such as accommodation, food and retail.<\/p>\n\n\n\n<p>Analysts said the country&#8217;s large tourism base and relatively low proposed tax rate on gross gaming revenue (GGR) position it favourably in the region. They estimate that EBITDA margins for casino resorts could reach between 34 per cent and 49 per cent. That would surpass the performance of Macau and Singapore casinos, where tax rates on mass-market play range from 25 to 40 per cent.<\/p>\n\n\n\n<p>A survey conducted by<strong> the National Institute of Development Administration (Nida)&nbsp;<\/strong>found&nbsp;almost half of Thais believe that the bill to legalise entertainment complexes with casinos would not pass without the&nbsp;<strong>casino component<\/strong> included in the package.<\/p>\n\n\n\n<p>The survey of&nbsp;<strong>1,310 adult respondents&nbsp;<\/strong>conducted from April 21 to 23 found that 46 per cent believed the bill would be rejected if the casino element was dropped, while 33 per cent said the bill would pass. Some 19 per cent said it would be impossible for the bill to be tabled in the House without casino legalisation and 2 per cent had no comment.<\/p>\n\n\n<div id=\"see-also-container\">\n\t\t\t<span class=\"see-also-label\">See also:<\/span><\/p>\n<div class=\"related-article\">\n\t\t\t\t<img decoding=\"async\" class=\"related-article__thumbnail\" src=\"https:\/\/focusgn.com\/asia-pacific\/wp-content\/uploads\/sites\/5\/2021\/02\/Industry-experts-doubt-that-Thailand-will-legalise-gambling-300x200.jpg\"><\/p>\n<p class=\"related-article__text\">\n\t\t\t\t\t<span class=\"see-also-label-strong\">See also:<\/span> <a href='https:\/\/focusgn.com\/asia-pacific\/thailand-and-china-discuss-cooperation-against-online-gambling'>Thailand and China discuss cooperation against online gambling<\/a>\n\t\t\t\t<\/p>\n<\/p>\n<\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>Paetongtarn Shinawatra says entertainment complexes with casinos would boost the economy.<\/p>\n","protected":false},"author":176,"featured_media":777024943,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Prime Minister Paetongtarn Shinawatra is advocating for the legalization of integrated resorts with casinos in Thailand, citing significant economic benefits through foreign investment and tax revenue, despite public and academic concerns regarding gambling harm. The proposed legislation includes stringent financial and background checks for Thai citizens accessing casinos. Analysts project substantial annual revenues and high EBITDA margins, positioning Thailand favorably against regional competitors due to its tourism base and competitive GGR tax rates.","focusai_entities":"Paetongtarn Shinawatra, Maybank Securities (Thailand), National Institute of Development Administration (Nida)","focusai_location":"Thailand, Singapore, US, Japan, UAE, Macau","focusai_target_profile":"ceo_executive (0.9), regulator (0.9), compliance_legal (0.8), operator_casino (1.0), payments_fraud_aml (0.7), investor_analyst (1.0), supplier_vendor (0.8), journalist_researcher (0.9)","focusai_suggestions":[{"label":"GGR Tax Rate Impact","query":"What specific GGR tax rate is being proposed for integrated resorts in Thailand, and how does it compare to the effective tax rates on mass-market play in Macau and Singapore, considering the projected EBITDA margins?"},{"label":"Local Player Restrictions Efficacy","query":"How are the proposed THB5,000 entry fee and THB50m fixed deposit requirements for Thai citizens expected to impact the domestic player segment's contribution to overall gaming revenue, and what are the potential governance challenges in enforcing these restrictions?"}],"footnotes":""},"categories":[154,16333],"tags":[29,24619,225],"class_list":["post-777026027","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-legislation-news","category-south-east-asia-news","tag-casino","tag-finance","tag-legislation"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777026027","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=777026027"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777026027\/revisions"}],"predecessor-version":[{"id":777026194,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777026027\/revisions\/777026194"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/777024943"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777026027"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777026027"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777026027"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}