Thailand has revised its proposed casino legislation, removing the THB 50 million ($1.5 million) fixed deposit requirement for Thai citizens wishing to gamble.
According to the Bangkok Post, Deputy Prime Minister and Finance Minister Pichai Chunhavajira confirmed that this adjustment was made following a review by the Council of State, ensuring the bill better aligns with its intended objectives and public concerns.
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Deputy Finance Minister Julapun Amornvivat announced that, rather than the original deposit requirement, Thai citizens must now present tax returns from the past three years to gain entry to casinos. The entrance fee, however, remains set at THB 5,000 ($147). Amornvivat highlighted that only around 10,000 Thai bank accounts contain at least THB 50 million, making the initial requirement unrealistic and likely to push gambling into unregulated channels.
Meanwhile, reports from local media indicate that the revised bill explicitly prohibits online gambling and live-streaming of casino activities. These measures are intended to curb remote gambling participation and ensure that all wagering occurs within regulated environments.
Legislative Process and Key Provisions
The bill, initially approved on January 13, is scheduled for cabinet review on March 11. A notable provision within the legislation states that gambling operations within entertainment complexes will be regulated under this new law, rather than Thailand’s existing anti-gambling statutes. Additionally, all casino visitors will be required to verify their identity using a passport or national ID card.
After being returned to the government for revisions on February 28, the bill’s final approval by the cabinet remains uncertain.
Government Stance and Public Reaction
Prime Minister Paetongtarn Shinawatra has expressed openness to public feedback on casino development, acknowledging that regulated gambling is a novel concept for Thailand. She emphasized that casinos would form only a small component of larger entertainment complexes, which would also feature hotels, shopping centers, and other attractions.
The government has reiterated its commitment to mitigating social risks while leveraging the economic benefits of the industry. Officials believe these integrated resorts could play a pivotal role in shaping Thailand’s financial future.
However, the proposed legislation has sparked opposition. On Monday, various protest groups, including the Network of Students and People for Thailand’s Reform, the Center of People for the Protection of the Monarchy, and the Dharma Army, gathered near Government House in Bangkok. They submitted a letter to the prime minister, arguing that the legalization of casinos could have detrimental social and ethical consequences for the nation.
As the debate continues, the fate of Thailand’s casino bill remains uncertain, with both proponents and opponents awaiting the next steps in the legislative process.
