17 hours 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

When gambling dens are tax free that's very doubtful.

17 hours ago, whereyougo said:

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

Desperate time call for desperate measures... the pots empty.

How about dress rules ? Cut off t shirts, tatoués and flip flops for the men , 10 cm heels micro skirts and fluorescent tank  tops for the girls ? 

11 hours ago, VBF said:

But would they deduct it at source, or would the winner have time to do an airport run and off-ski! ????

And as a follow up, can you be extradited to the USA for owing tax?

 

See the devilishly cunning plan I'm hatching here?

Not 100 percent sure but if I remember right it is taken right off the top, if you are a US citizen  to you have your choice on how you want to do it, just go to Canada, they don't take any taxes out

11 hours ago, VBF said:

But would they deduct it at source, or would the winner have time to do an airport run and off-ski! ????

And as a follow up, can you be extradited to the USA for owing tax?

 

See the devilishly cunning plan I'm hatching here?

I think if you are playing table games you are not taxed on wins, machines you are for sure

For the first time, I'll say this.........."the beginning of the end."

 

casinos means absolute destruction of the poor and hurting the middle class.  This would be 60 million Thais, a much higher percentage than other countries.   In a country where gambling is a major problem, they add fuel........

 

anything but casinos.    go-go bars instead of university would be a better idea.  lol

16 hours ago, bkk6060 said:

Bali Hai harbor area Pattaya would be perfect. 

A casino/hotel and a mall area would sure bring lots more Chinese and curious tourists. 

There is a great big derelict building in the way that has survived since 2014, they need to make up their minds what to do with that first!

They always got to come with an extra weird rule like provide your financial status, none of ya business im a grown ass man that my financial status.

 

good idea 30% to pay submarines?

Anything to fill government coffers and to hell with the social fallout.

20 hours 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. 

 

 

Same tax as an American.

23 hours ago, lujanit said:

CP?????

No I think they are going to need the big casino players to give them international cred.  MGM Caesar etc al

3 hours ago, flexomike said:

I think if you are playing table games you are not taxed on wins, machines you are for sure

American casinos have a limit once your wins exceed you are automatically. Taxed. Usually casinos will set you with comps until paperwork is done.  As a Canadian you get taxed but then can submit claim to get reimburse   think vat tax on larger scale 

Some casinos in Las Vegas are very nice.

I wonder if they could build something like Bellagio in Pattaya.

It would be great!

 

 

22 hours ago, Jingthing said:

Total deal breaker.

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

Every casino has this rule. You have to be able to buy in.  Never seen a casino just give chips to players that didn't have money to play.  It is simple when you enter you have to buy chips can't buy good bye

On 6/30/2022 at 1:42 PM, 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.

I have to admit I sort of like the fact that Thailand have been very possessive of land ownership and kept foreign ownership out.  Other countries are seeing the issues already with the extent of problems faced with foreign ownership.  Example - Thailand's largest neighbour - China would see a massive influx of investors buying up Thailand and this pushes up market values and also agricultural land being used to export directly to China, with near nil benefit to the Thai people. 

 

Chinese have bought up a lot of land elsewhere and pushed up market prices, as well as excluding access other than Chinese.  Personal experience in Australia were auctions where Chinese present (or their agents) would outbid everyone else and buy up premium waterside properties and farmland.  Another way for Chinese mega millionaires to move their money out of China out of reach of the CCP.

 

I agree with not having Casinos in Thailand.  With Casino issue, I personally hate them.  They are huge problems in countries that at least have reasonably low levels of corruption.  They are basically open slather for money laundering, mafia, gangs, low to high level criminal entities (individuals to organised). 

 

The individual punter who gambling away criminal proceeds basically is a very small percentage of the main sources of income for the casinos.  More often than not, the policing of Casinos is severely deficient and pressure from Casino operators to not investigate or turn a blind eye to illegal activities. Governments get huge tax benefits of course so resources to increase oversight and accountability of Casino operators is watered down to basically just a token presence.  

 

Thailand, which already has a hugely deficient and inadequate and reportedly corrupt police force, would be a terrible place to open Casinos in my opinion.  Look at Cambodia and other Asian Casinos.  

16 hours ago, MrJ2U said:

 

 

"Gambling sites cover many scenarios in their terms and conditions. They call on these terms and conditions to confiscate your money for something like wrongly using a virtual private network."

 

 

Can't find a single mention anywhere of an Australian gambling site ever confiscating someone's money for using a VPN. ..

 

1 hour ago, Nemises said:

Can't find a single mention anywhere of an Australian gambling site ever confiscating someone's money for using a VPN. ..

 

It's just wise to read the fine print.

 

Many gambling websites don't allow the use of VPN's.   

 

Whether you do or don't is really up to the online gambler.

 

 

...."it really depends on where you get caught and who you get caught by. If you live in a country where VPNs are legal, but you have used it illegally, you will be exposed to the risk of losing any money you deposit into that particular account."

 

https://casinorange.com/how-to/what-is-a-vpn-and-is-it-legal-to-use-in-an-online-casino

 

Hopefully they legalize gambling here and have a few sports book shops scattered around the country here. 

 

8 minutes ago, MrJ2U said:

It's just wise to read the fine print.

 

Many gambling websites don't allow the use of VPN's.   

 

Whether you do or don't is really up to the online gambler.

 

 

...."it really depends on where you get caught and who you get caught by. If you live in a country where VPNs are legal, but you have used it illegally, you will be exposed to the risk of losing any money you deposit into that particular account."

 

 

Thanks for the scaremongering, but prefer not to worry about something that’s never happened. 

If and when someone ever has money confiscated for using a VPN,  will take action then. 

 

Until “then” it’s business as usual with online sports books. 

Don’t hold your breath waiting for Thailand to legalise sports books. 

Malaysia, Singapore and Cambodia all have them, i don't see why not thai

2 hours ago, Nemises said:

Thanks for the scaremongering, but prefer not to worry about something that’s never happened. 

If and when someone ever has money confiscated for using a VPN,  will take action then. 

 

Until “then” it’s business as usual with online sports books. 

Don’t hold your breath waiting for Thailand to legalise sports books. 

Do what you want.

 

It's good to read the fine print with any investment. 

 

VPN's aren't the end all for sure.

 

Probably lose everything anyway. 

 

House always wins. 

 

 

Edited July 1, 20224 yr by MrJ2U

2 hours ago, vinci said:

Malaysia, Singapore and Cambodia all have them, i don't see why not thai

Throw in Philippines, Laos and Indonesia. Almost all SEA countries have casinos and 2 of them are Muslim countries. Thailand is missing out a massive source of revenue. 

The most progressive suggestion to come out of Thai government. Why let Cambodia enjoy all the tax advantages of legalized Casinos?

1 hour ago, MrJ2U said:

 

House always wins. 

 

 

Wrong again!

 

When it comes to sports betting (which was what your first and all subsequent posts were about) the house definitely does not “always win”. 
 

Here’s a list of 10 famous and successful (!) sports bettors. Hope this helps educate you a little about profitable sports betting. A subject that you obviously don’t know too much about. 
 

 

Edited July 1, 20224 yr by Nemises

On 6/30/2022 at 3:30 PM, wombat said:

That's what was said about weed...now look.

exactly , cause some influential people have some serious money involved ????

It'll be interesting to see where they actually end up locating them. They are talking about 5 casinos, so one in BBK obviously, but also one in the north, northeast, central/west, and south too.

So, take the northeast, I'd think it's more likely that Aranyaprathet would get it than Nong Khai, due to Poipet being close and can take money off them or collectively feed too, plus Ubon isn't far away... not sure how it would fly businesswise with Laos as the opposite authority on the other side of the river. 

As for the south, well that's anyone's guess but probably Phuket. North would obviously be somewhere around Chiang Mai or Chiang Rai... west or central, could be anyone's guess too. 

Although, they are probably targeting non-western tourists/visitors like the Chinese/Viets/Cambodians etc. that are gambling mad. One thing is for sure, is that anyone that owns any land near where they decide will benefit hugely. 

On 6/30/2022 at 3:42 PM, whereyougo said:

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

This is good news for money lenders and debt collectors, crooked lawyers ect, mummy bear , hide the Chanote

On 7/1/2022 at 10:30 AM, plus7 said:

Some casinos in Las Vegas are very nice.

I wonder if they could build something like Bellagio in Pattaya.

It would be great!

 

 

Personally I would like to see it out of town with better access...... 

On 6/30/2022 at 11:15 AM, Suvarnbhum said:

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

No blue books house books or credit cards?  

The loan sharks won't like it.

On 6/30/2022 at 10:42 AM, whereyougo said:

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

Desperation.  Prior to Covid tourist levels were only being maintained by low spending package tours full of Chinese.  Why would real tourists come here.  What has changed, what has been developed to encourage people to come?