The CEO of Australian-listed Donaco International Ltd says he does not expect authorities in Thailand to legalize gambling, expressing confidence that the company will stage a strong recovery over the coming year as the impacts of the COVID-19 pandemic start to ease.

Lee Bug Huy, who was appointed CEO last year following a boardroom makeover, and Donaco’s CFO Gordon Lo were responding to questions from investors on Friday following release of the company’s 1H21 (July to December) results a week earlier.

The potential for Thailand to open its own casinos was raised by Prime Minister Prayut Chan-o-cha in January, who stated he would consider the measure in a bid to curb a growing number of illegal gambling dens.

 

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If the Thai government misses this, it would be a great shame. The poo Yai here used to ride his 125c.c. Motorbike to the Cambodian border (90 kms each way) at least 3 times per week and there was a free bus service there as well, daily. The wife could well support the casinos on her own, given the chance. Roulette on machines, a killer.

 

Make it legal, raise shed loads for the Thai government coffers, instead of other people's and government's pockets.