Thailand Revises Casino Entry Requirements in Proposed Entertainment Complex Bill
Government Drops $1.5 Million Asset Criterion; Introduces Three-Year Tax History for Local Gamblers
The Thai government has amended its proposed Entertainment Complex Bill, removing the contentious requirement that Thai nationals must hold at least 50 million baht (approximately $1.5 million) in fixed deposits for six months to access casinos.
Instead, the revised draft stipulates that citizens with a verified three-year tax history will be eligible for entry, accompanied by a 5,000 baht ($148) entrance fee.
This legislative adjustment aims to address concerns that the previous asset requirement would have excluded the vast majority of the population, as only about 10,000 accounts in Thailand reportedly meet the 50 million baht threshold.
The bill, designed to boost tourism and stimulate economic growth, proposes the establishment of integrated entertainment complexes housing casinos alongside amenities such as hotels, convention centers, and theme parks.
While the government anticipates attracting significant investment and increasing annual tourism revenue by 5% to 10%, public opinion remains divided.
A recent survey indicated that a majority of Thais oppose the legalization of casinos and online gambling, citing potential social issues.
The draft law is scheduled for cabinet review before being submitted to parliament for deliberation ahead of the current session's conclusion on April 11.