PM Srettha: Legalise casinos to save Thailand’s economy

[traveller101]

On 3/28/2024 at 8:22 PM, flyingtlger said:

Prime Minister Srettha Thavisin advocated for the legalisation of casinos to combat the shadowy underworld economy in Thailand.

Why stop there?

Legalise the drug trade et all ..... to combat the shadowy underworld economy ....

[realfunster]

Well, one thing is for sure, you can smell the economic panic oozing from every pore.

 

A period that should have seen Thailand kick-on economically post demographic dividend appears to have been largely wasted over the past 30 years. I offer no comments on that, you can make your own evaluations. 

 

Anyway, Thailand is now staring down the barrel of a very real socio-economic crisis on the horizon with a reducing workforce and aging population. 
 

What Srettha failed to mention was that any such casinos will probably be staffed by Burmese or Laotians, who will be repatriating their earnings home…just look at the recent crane collapse, a Chinese firm employing migrant workers. Who knows what the supply chain is but you could imagine that the benefit to Thailand from all of that is marginal at best. 
 

The economic panic is justified and I would not be at all surprised to see a raft of “creative” solutions being touted over the coming years. 

[Trippy]

On 3/30/2024 at 1:49 AM, The Old Bull said:

The question they need ask is will a casino bring in new money or just redistribute existing money?

If it was done properly it would bring in a lot of outside money.

Key word is if.