Thailand is looking at the feasibility of allowing five casinos to be built with the Thai National Assembly suggesting revenues could be taxed at 30 per cent to quash illegal gambling.
Pichet Chuamuangphan, the second vice-chairman of the committee, said that the results of their research into the matter have been presented to the government with the suggestion of introducing casinos in the north, northeastern, central, and southern regions of Thailand as well as the Greater Bangkok area. Online gambling would also be allowed.
The committee has studied the legislation of casinos in various countries, such as Singapore and Malaysia as part of its process.
Chuwit Kamolvisit, a former politician, said to the Bangkok Post: ”The government should think of making casinos legal in Thailand. Several neighbouring countries have already opened such complexes. They made big investments. They have ways to generate revenue, with membership systems. Gambling is one of the vices in society. No society can escape it. But we are trying to pretend they don’t exist. Some argue prostitution does not exist, but massage parlours are there in the heart of the capital.” Some underground casinos in the past have given money to authorities for their support (to remain open). Gambling is a minor offence under the law, and the only penalties are either a suspended prison sentence or a fine.”
“Thailand has everything to offer,” he added. “There is only one hurdle left to clear – accepting the truth about these minor vices. I think the casino industry can contribute substantially to the country’s economy.”