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Thailand is advancing plans to legalize casinos to revive its tourism industry and attract foreign investment. According to SCMP, the Thai government has already released draft rules for casino legalization, inviting public feedback until August 18. These proposed regulations would grant an initial 30-year license for casino operations, with an option to renew for an additional decade.

The proposed casinos will be integrated into large entertainment complexes that also feature hotels, convention centers, and amusement parks. The draft bill suggests that these casinos should be located in designated venues and operated by Thai-registered companies with a minimum paid-up capital of 10 billion baht (about $283 million).

Potential locations for these entertainment complexes include Chiang Mai, Chonburi, Greater Bangkok and Phuket.

The proposal is backed by Thailand's 500-member House of Representatives, which has endorsed a study suggesting that legalizing casinos could boost tourism revenue by approximately $12 billion.

Prime Minister Srettha Thavision on Thailand Casino

Prime Minister Srettha Thavisin, who assumed office less than a year ago, has been actively promoting policies to attract foreign investment.

Macau Daily Times reported that major players such as Galaxy Entertainment Group and MGM Resorts International are already exploring opportunities in Thailand, while Las Vegas Sands Corp. has expressed interest in expanding to the country if the legal framework is established.

Despite the predominantly Buddhist and conservative nature of Thai society, where most forms of gambling are illegal, the push for casino legalization reflects a recent trend towards more liberal policies for economic revival.

Looking ahead, this will position Thailand as a competitor in the global casino market, joining countries like the United Arab Emirates and Japan.

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Thailand