Thailand to Legalize Gambling Amid Economic Debate
### Key Points at a Glance
Thailand is planning to legalize gambling and casinos to boost tourism, attract investments, and create jobs. The bill was approved by the government under Prime Minister Paetongtarn Shinawatra and is now being debated in parliament. The goal is to allow gambling in large entertainment centres. While the move could bring significant economic benefits, it also faces opposition from conservative groups.
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Why Thailand Wants to Legalize Gambling
Thailand currently has strict laws against gambling. Only state-controlled horse racing and lotteries are permitted. However, illegal betting activities are thriving. The government sees legalization as an opportunity to regulate this shadow economy while generating revenue.
A comparison with neighbouring countries like Cambodia, Singapore, and the Philippines shows that legal casinos contribute significantly to their economies. Thailand aims to replicate this success to strengthen its position as a tourist destination.
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Planned Changes and Economic Impact
The proposed legislation aims to allow gambling in large entertainment centres. According to Deputy Finance Minister Julapun Amornvivat, this could increase the number of foreign tourists by 5 to 10 percent. Additionally, revenue between 120 and 220 billion Baht (approximately 3 to 6 billion Euros) could be generated.
Furthermore, up to 15,000 new jobs are expected to be created. The government emphasizes that regulation would also provide better protection for the population against the risks associated with gambling.
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Challenges in Implementation
The legalization of gambling is a controversial topic in Thailand. Conservative groups, especially in the predominantly Buddhist society, have expressed concerns. Previous attempts to introduce similar measures failed due to public resistance.
A key supporter of the current proposal is Thaksin Shinawatra, the father of the incumbent Prime Minister and a former Prime Minister himself. He views legalization as a way to sustainably strengthen the economy.
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Potential Impact on Tourism
Tourism is a central economic driver for Thailand. The government expects that legal casinos will make the country more attractive to international visitors. Wealthy tourists, in particular, could be drawn to the new offerings, promising additional revenue.
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Our Assessment
The legalization of gambling in Thailand could be a significant step towards diversifying the economy and promoting tourism. The potential revenue and new jobs make a strong case for the proposal. However, it remains to be seen whether the government can overcome resistance from conservative groups. Careful regulation will be crucial to minimize social risks and gain public trust.
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