Thailand Explores Online Gambling Legalization Amid Plans for First Casino by 2029

Thailand’s government is set to begin preliminary discussions about legalizing online gambling, even as the country moves forward with plans to open its first casino by 2029. Deputy Prime Minister Prasert Jantararuangtong has called on officials from various ministries to collaborate on drafting the necessary legal amendments to support the initiative.

Prasert, who also serves as the Digital Economy and Society Minister, emphasized the need for a comprehensive plan, which he stated should be finalized within the next few months. He underscored the economic benefits of properly taxed online gambling platforms, describing them as potentially “good for the economy.” However, he acknowledged the challenges associated with the sector, particularly its links to criminal activities and its impact on young people.

On the topic of age restrictions for access to online gambling platforms, Prasert admitted that the issue has not yet been addressed in the discussions.

Former Thai Prime Minister Thaksin Shinawatra also weighed in on the issue over the weekend, expressing support for the regulation of online gambling. He argued that a legal and regulated framework could benefit both the economy and society, contrasting it with the current unregulated and untaxed underground sector.

Meanwhile, Thailand is progressing with its entertainment complex bill, which would allow casinos to operate within large-scale venues. The legislation is expected to pass through the Thai parliament this year, with one senior official estimating that the process will take at least six months.

Discussions surrounding the bill include key details such as tax regulations, the number of licenses to be issued, and the potential locations for the casinos. It is anticipated that the government will initially grant five licenses: two for casinos in Bangkok and one each in Pattaya, Chiang Mai, and Phuket.

The initial proposal to legalize gambling in Thailand included both physical casinos and online gambling. While online gambling remains illegal and untaxed, it is already widespread within the country, prompting the government to consider bringing it into the legal framework.

By fLEXI tEAM