Thailand is moving forward with plans to build major entertainment complexes in four selected locations: Bangkok, Chon Buri, Chiang Mai, and Phuket. Nikom Boonwiset, vice-chairman of the special committee and an MP from the Pheu Thai Party, said these cities were selected due to their strategic importance and popularity among tourists.
Locations Chosen
- Bangkok: The bustling capital city of Thailand, known globally for finance, business, and tourism.
- Chon Buri: A seaside city located about 80 kilometers east of Bangkok, popular for its beaches, lively markets, and industrial activities.
- Chiang Mai: The cultural heart of northern Thailand, celebrated for temples, markets, and its relaxed environment.
- Phuket: Thailand’s largest island, famous for its stunning beaches, clear waters, and luxury resorts.
Goals and Economic Impact
The Thai government plans to establish between five and eight entertainment complexes across the country. The project, valued at THB500 billion ($14.8 billion), aims to attract at least 50 million visitors annually and create over 40,000 new jobs. The complexes are expected to significantly boost the national economy and generate substantial revenue.
International Interest
Many international investors have already expressed interest. Each entertainment complex will include:
- A five-star hotel
- A world-class shopping mall
- An amusement park
- A sports arena
- A convention hall
- A large exhibition center
Casinos will occupy less than 10% of each complex’s total space.
Addressing Concerns
Critics have expressed worries about casinos dominating the complexes. However, Nikom clarified that opponents misunderstand the purpose due to political bias. Casinos will only form a minor part of each complex.
Market Potential
According to analysts from Citigroup, Thailand’s gambling industry could earn up to $9.1 billion per year. This would position Thailand as the third-largest gambling market globally, behind only Macau and Las Vegas but ahead of Singapore. Prominent international gaming companies like Galaxy Entertainment Group, MGM Resorts, Las Vegas Sands, and Wynn Resorts have shown interest in entering the Thai market.
Legislative Process and Public Feedback
The Entertainment Complex Bill, which outlines the rules for this project, had its presentation to the cabinet delayed. The Ministry of Finance is currently collecting public feedback and will revise the bill accordingly before final submission.
Criticism and Risks
Thanakorn Khomkrit from the Stop Gambling Foundation voiced concerns that the current bill does not adequately protect young people from gambling risks. He highlighted issues such as unclear guidelines on casino licenses, gambling area regulations, and tax policies. Thanakorn also warned about potential loopholes for money laundering, particularly through partnerships and junket operations.
