Legalisation of 5 chttps://aseannow.com/topic/1264485-legalisation-of-5-casinos-proposed-in-thailand-with-30-tax-collection/asinos proposed in Thailand with 30% tax collection

[webfact]

 

A house panel is planning to propose to the Thai government the establishment of five legal casinos, with revenues taxed at 30%, believing that it would help reduce problems with illegal gambling dens.

 

Pichet Chuamuangphan, the second vice-chairman of a house committee which studies the legalisation of entertainment complexes, said, after its meeting yesterday (Wednesday), that they have submitted their findings to the government for them to consider the establishment of legal casinos, one each in the north, northeast and central region, Greater Bangkok and the southern region. He said that such casinos would allow all forms of gambling, from traditional to online gambling.

 

Pichet also explained that, for the legal casinos, the government would allow concessions with the private sector, from which the government will collect 30% tax, including local maintenance tax which can be used for the maintenance of such venues.

 

Gamblers would need to be at least 20 years old to enter the legal casinos and provide their financial status before entering. Government officials would not be allowed to enter, unless they have permits.

 

Full story: https://www.thaipbsworld.com/legalisation-of-5-casinos-proposed-in-thailand-with-30-tax-collection/

 

-- © Copyright Thai PBS 2022-06-30

 

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[lujanit]

2 minutes ago, webfact said:

Pichet also explained that, for the legal casinos, the government would allow concessions with the private sector

CP?????

[Longwood50]

6 minutes ago, webfact said:

would help reduce problems with illegal gambling dens.

LOL  heck the illegal ones probably give better odds than the government.  I know that is true in the USA. 

This reminds me of a joke where a man who was a billionaire saw a gorgeous woman and he approached her saying she was beautiful and he wanted to have sex with her.  She said, I am no prostitute who do you think you are.  He replied I am a billionaire and would be willing to pay you $1 million dollars to have sex with she.  She thought for a moment and said, well ok once and it is $1 million correct and she agreed.  He said, ok how about for $50 dollars.  She replied disgustingly, $50 what kind of a woman to you think I am.  He said, we have already determined that, we are only hagggling over price now. 

Obviously the lure of tax revenue overides anyones distates for gambling. 

[whereyougo]

Prayuth government legalizing pot and possibly casinos?  He continues to surprise

[ThailandRyan]

Do these people even care that there is already a gambling problem here in Thailand, and folks go into debt and some lose houses, cars and so on.  Of course it is no different in other countries that have casinos, but the problems they have now and without the casinos will triple or quadruple.  Add in the prostitution, mafia types, and then the goons.  Keep the country devoid of Casino's, a better bet would be to allow foreigners to own land, capped at a small percentage for each area.

Edited June 30, 2022 by ThailandRyan

[huangnon]

15 minutes ago, ThailandRyan said:

Do these people even care that there is already a gambling problem here in Thailand, and folks go into debt and some lose houses, cars and so on.  Of course it is no different in other countries that have casinos, but the problems they have now and without the casinos will triple or quadruple.  Add in the prostitution, mafia types, and then the goons.  Keep the country devoid of Casino's, a better bet would be to allow foreigners to own land, capped at a small percentage for each area.

People who gamble will do so anyway. The majority of them do it on their phones or at their workplace, village, etc.

I don't see how an actual physical walk-in casino will change normal people's gambling habits, tbh.

It will prevent however, the billions of Baht / dollars that Thailand loses just over it's borders with it's immediate neighbours.

[ThailandRyan]

4 minutes ago, huangnon said:

People who gamble will do so anyway. The majority of them do it on their phones or at their workplace, village, etc.

I don't see how an actual physical walk-in casino will change normal people's gambling habits, tbh.

It will prevent however, the billions of Baht / dollars that Thailand loses just over it's borders with it's immediate neighbours.

It will however create a tourism gambling issue, and then new addicts.

[whiteman]

And provide their financial status before entering  Lol so they have to supply there up to date ( the same day as they enter the casino) print out from there bank books ????  Just like we have to do for our renewal of our Retirement visa ????  That would be funny

Edited June 30, 2022 by whiteman

[Suvarnbhum]

47 minutes ago, webfact said:

Gamblers would need to be at least 20 years old to enter the legal casinos and provide their financial status before entering.

AKA...Brown envelop with hard financial proof in it.

[Bluespunk]

49 minutes ago, webfact said:

A house panel is planning to propose to the Thai government the establishment of five legal casinos, with revenues taxed at 30%, believing that it would help reduce problems with illegal gambling dens

It won't.

[Jingthing]

20 minutes ago, whiteman said:

And provide their financial status before entering  Lol so they have to supply there up to date ( the same day as they enter the casino) print out from there bank books ????  Just like we have to do for our renewal of our Retirement visa ????  That would be funny

Total deal breaker.

If they're serious they need to nix that ridiculousness.

[BKKTRAVELER]

Loan sharks are about to have a field day... Like said previously, enough people are already heavily indebted. This will not help.

 

[proton]

So will the Police owned ones have to start paying tax? ????

[Thailand]

Thaksin was going to do it with Macao backing in around 2006, guess what happened?

Another one of those regular events in Thailand where the guys in uniform decide they want a share of the spoils.

[ezzra]

1 hour ago, whereyougo said:

Prayuth government legalizing pot and possibly casinos?  He continues to surprise

As if everything else in Thailand is hunky dory that this government are now legalising highly questionable items that only a year a go or so were unthinkable...

[Wuvu2]

55 minutes ago, ThailandRyan said:

It will however create a tourism gambling issue, and then new addicts.

Yep - That's exactly the government's business plan ????

[Etaoin Shrdlu]

Very handy for money laundering. The bits about tourism and competing with illegal gambling are nonsense.

[thailand49]

This government like many don't really care the headlines of this story should provide plenty of evidences!   " REVENUE 30% "  end of story!  ????????  money talks and is above all things versus people concerns.  Oh don't forget the common line used by leaders JOBS! 

Legalizing weed should give everyone a clue as to how much money can be at state for the government leaders just look at how much COW <deleted> has been sold since?

 

 

[inThailand]

Will foreigners gambling be subject to duel pricing? Ten times worse winning odds? 

[Classic Ray]

They’ve looked at Singapore, previously vehemently morally opposed to gambling, now raking it in from their casinos.

 

I wonder how long it will be before UK style betting shops or Aussie pokies will dot every street corner in the Land of Smiles and Debt.

[Mike Teavee]

1 hour ago, Jingthing said:

Total deal breaker.

If they're serious they need to nix that ridiculousness.

Could do what they do in Singapore & charge all locals/PRs s$100 (approx. 2,500 THB) to go into the Casino. 

 

 

 

[Mike Teavee]

2 minutes ago, Classic Ray said:

They’ve looked at Singapore, previously vehemently morally opposed to gambling, now raking it in from their casinos.

 

I wonder how long it will be before UK style betting shops or Aussie pokies will dot every street corner in the Land of Smiles and Debt.

Was living in Singapore when the Casinos opened & you couldn't get into a taxi without the uncle (driver) telling you about their latest visit... These guys had to pay s$100 to enter but they just viewed this as a part of their gambling stake.

 

 

 

 

[Mike Teavee]

27 minutes ago, inThailand said:

Will foreigners gambling be subject to duel pricing? Ten times worse winning odds? 

A question for American BMs... 

If I (a Brit) were to win a big Jackpot whilst on holiday in Las Vegas would I be subject to more, less or the same Tax as an American (or an LV resident) on it?

 

Genuine question as America is the only country I know of that taxes gambling/lottery wins. 

 

 

[whereyougo]

2 hours ago, whiteman said:

And provide their financial status before entering  Lol so they have to supply there up to date ( the same day as they enter the casino) print out from there bank books ????  Just like we have to do for our renewal of our Retirement visa ????  That would be funny

They will make it hard for thais i suspect. 

[zzzzz]

Wont ever happen
to many influential people have serious $$$ in the casinos in Burma, Laos & Cambodia

[vandeventer]

3 hours ago, ThailandRyan said:

Do these people even care that there is already a gambling problem here in Thailand, and folks go into debt and some lose houses, cars and so on.  Of course it is no different in other countries that have casinos, but the problems they have now and without the casinos will triple or quadruple.  Add in the prostitution, mafia types, and then the goons.  Keep the country devoid of Casino's, a better bet would be to allow foreigners to own land, capped at a small percentage for each area.

Your are right on, many times when I went to the Casino in Perth[ owned by the government] I saw many Asian's there 70 to 80% and betting like there was no tomorrow and they don't stop even if they hit the jackpot 

[sead]

Where do I buy shares. Or did the PM and his ministers already buy all

[flexomike]

52 minutes ago, Mike Teavee said:

A question for American BMs... 

If I (a Brit) were to win a big Jackpot whilst on holiday in Las Vegas would I be subject to more, less or the same Tax as an American (or an LV resident) on it?

 

Genuine question as America is the only country I know of that taxes gambling/lottery wins. 

 

 

Yes you would be subject to taxation 

[Tracyb]

Way to go, boys!  Open casinos, lure financially strapped individuals in with dreams of winning it big, while creating more debt and misery within impoverished households.

 

sounds like a winner to me! 

[off road pat]

3 hours ago, Suvarnbhum said:

AKA...Brown envelop with hard financial proof in it.

Government officials would not be allowed to enter, unless they have permits....!?!? is that something you can buy just like a driving permit ???