Thailand's Casino Bill Undergoes Comprehensive Review
Thailand's proposed casino bill is undergoing a comprehensive review by the Fiscal Policy Office. Forty-five key amendments are suggested, including renaming the bill to Integrated Resort Act and possibly reducing license periods. The bill aims to boost tourism by allowing casinos, with a focus on maintaining a significant Thai shareholder presence.
Thailand's Fiscal Policy Office (FPO) has concluded public hearings on a proposed entertainment complex bill and is set to present its findings, categorized into 45 critical points, to the Cabinet.
The bill aims to position Thailand as a tourism hotspot by authorizing casinos within entertainment complexes.
Key recommendations include rebranding the legislation as the Integrated Resort Act, broadening permitted entertainment activities, retaining a Thai shareholder ratio between 30% and 51%, and determining license validity, with suggestions varying from 10 to 60 years.
A proposed cap of three to seven entertainment complexes is also under consideration.
The bill aims to position Thailand as a tourism hotspot by authorizing casinos within entertainment complexes.
Key recommendations include rebranding the legislation as the Integrated Resort Act, broadening permitted entertainment activities, retaining a Thai shareholder ratio between 30% and 51%, and determining license validity, with suggestions varying from 10 to 60 years.
A proposed cap of three to seven entertainment complexes is also under consideration.
