Thai Govt Gambling on Integrated Entertainment Complex with Casino

[webfact]

Thai Deputy Finance Minister Julapun Amornvivat has revealed plans for a new integrated entertainment complex that will include a casino, but with restrictions on its size. The casino component will be limited to no more than 5% of the overall project area. 

 

Similar to Singapore's model, where gambling areas make up only 3% of the total complex, the Thai government aims to strike a balance between entertainment offerings and responsible gambling.

 

The project, which also features hotels and other investments, is currently under scrutiny by the Finance Ministry to assess its feasibility. A special House committee has conducted a study on the potential impacts of the development, which will be presented to the Cabinet for further evaluation.

 

The project's details, such as location, regulations, and revenue generation, will be discussed with relevant agencies to ensure its smooth implementation. Measures will be put in place to address potential negative consequences of the integrated entertainment complex, including the establishment of a fund to mitigate any gambling-related issues.

 

The government is considering new legislation to regulate the project effectively and ensure that it complies with existing laws on gambling and entertainment venues. Implementing a casino tax and setting appropriate rates for fees and taxes on the gambling component are also part of the plan.

 

As Thailand ventures into the realm of integrated entertainment complexes, the government aims to strike a balance between economic growth and responsible gambling practices to benefit both the country and its citizens.

 

Picture courtesy: Freepik

 

-- 2024-05-13

 

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[Yagoda]

I refer interested parties to my  analysis in the Marijuana forum.

[ChrisY1]

5% to start.....but soon to be 60%....!

[Trippy]

Too much talk, never any action. Reminds me of my 1st wife, 555

[PJ71]

8 minutes ago, Trippy said:

Too much talk, never any action. Reminds me of my 1st wife, 555

Exactly, they've been speaking about this for the 25 years i've lived in thailand, doubt it'll ever happen.

[rocketboy2]

So, it's just a little bit of gambling then. 

 

Edited May 13 by rocketboy2

[Callmeishmael]

Bangkok already has several large entertainment complexes with gambling!  They can just move the gambling out of the basement and they're set to go.  😂

[mancub]

5% gambling 95% prostitution (under different guises , massage /karaoke/dancing ) no doubt.

[newbee2022]

1 hour ago, webfact said:

Thai Deputy Finance Minister Julapun Amornvivat has revealed plans for a new integrated entertainment complex that will include a casino, but with restrictions on its size. The casino component will be limited to no more than 5% of the overall project area. 

 

Similar to Singapore's model, where gambling areas make up only 3% of the total complex, the Thai government aims to strike a balance between entertainment offerings and responsible gambling.

 

The project, which also features hotels and other investments, is currently under scrutiny by the Finance Ministry to assess its feasibility. A special House committee has conducted a study on the potential impacts of the development, which will be presented to the Cabinet for further evaluation.

 

The project's details, such as location, regulations, and revenue generation, will be discussed with relevant agencies to ensure its smooth implementation. Measures will be put in place to address potential negative consequences of the integrated entertainment complex, including the establishment of a fund to mitigate any gambling-related issues.

 

The government is considering new legislation to regulate the project effectively and ensure that it complies with existing laws on gambling and entertainment venues. Implementing a casino tax and setting appropriate rates for fees and taxes on the gambling component are also part of the plan.

 

As Thailand ventures into the realm of integrated entertainment complexes, the government aims to strike a balance between economic growth and responsible gambling practices to benefit both the country and its citizens.

 

Picture courtesy: Freepik

 

-- 2024-05-13

 

Get our Daily Newsletter - Click HERE to subscribe

Could be exploding successful business if you know how much money is going to Cambodia by Thai citizens for gambling.🙏

[natway09]

Responsible gambling ???? not something Thais are well  known for

[wwest5829]

I’m thinking this would be an additional draw for Chinese tourism …

[hotchilli]

3 hours ago, webfact said:

Similar to Singapore's model, where gambling areas make up only 3% of the total complex, the Thai government aims to strike a balance between entertainment offerings and responsible gambling.

Liquor in the front, poker round the back?

[hotchilli]

15 minutes ago, wwest5829 said:

I’m thinking this would be an additional draw for Chinese tourism …

Investment?

[hotchilli]

1 hour ago, newbee2022 said:

Could be exploding successful business if you know how much money is going to Cambodia by Thai citizens for gambling.🙏

The trouble with Cambodia is the gambling money goes straight back to Chinese pockets.

[John Drake]

Sihanoukville 2.0 with "responsible gambling."

[newbee2022]

1 hour ago, hotchilli said:

The trouble with Cambodia is the gambling money goes straight back to Chinese pockets.

Yeah, therefore the sly Thais want to have their own casinos to earn and wash some money.🙏

[OneZero]

Sounds like it might fit in with the advertised description of "One Bangkok", intersection of Rama IV & Wittayu Rds, opposite Lumpini Park.  But on the other hand, "One Bangkok" is much more than an entertainment complex, it's also meant to be a residential and business complex, so perhaps that makes it inappropriate.  Who knows?

 

Edited May 13 by OneZero

[khunjeff]

5 hours ago, webfact said:

The casino component will be limited to no more than 5% of the overall project area. 

 

"Just the tip, I promise!"

[Muhendis]

In Turkey gambling is not allowed except in some hotels.

The clientele have to show their passports to enter the casino.

Locals are not allowed in.

 

[hotchilli]

2 hours ago, newbee2022 said:

Yeah, therefore the sly Thais want to have their own casinos to earn and wash some money.🙏

The elites will fund it, launder their money through it, and it will not help the poor in anyway,

Much netter ways to spend billions of baht to directly help those who need ti most

Edited May 13 by hotchilli

[Bruce Aussie Chiang Mai]

4 hours ago, wwest5829 said:

I’m thinking this would be an additional draw for Chinese tourism …

They got Macau closer and plenty choices 

[nakhonandy]

18 hours ago, hotchilli said:

The elites will fund it, launder their money through it, and it will not help the poor in anyway,

Much netter ways to spend billions of baht to directly help those who need ti most

I don't believe it's intended to specifically help the poor.

More like an investment targeting tourists and wealthier Thai.

[hotchilli]

1 hour ago, nakhonandy said:

I don't believe it's intended to specifically help the poor.

More like an investment targeting tourists and wealthier Thai.

It has been quoted that Thais will not be allowed to gamble in this/these casinos... but I'm sure it will benefit wealthier Thais in other ways... 

[Purdey]

The Thai government may be gambling on casinos, but with whose money?

BOI privileges for real estate politicians to build them? Invite the Las Vegas mafia to come?

 

As a taxpayer, I would rather see money spent on better education and modern manufacturing.