Thai Labour Minister backs casino legalisation for economic boost

Thailand’s Labour Minister, Phiphat Ratchakitprakarn, has publicly declared his support for the legalisation of casinos in the country.  

Ratchakitprakarn cited significant economic benefits and the potential creation of at least 50,000 jobs spread across five regions in the Southeast Asian nation.   

The move comes as the government, led by the Pheu Thai party, weighs the possibility of establishing casinos and entertainment complexes, spurred by a comprehensive study conducted by a House committee.  

Bipartisan support in casino legalisation  

The endorsement from Ratchakitprakarn underscores bipartisan support, with both major political parties within the ruling coalition officially backing the plan.   

Ratchakitprakarn has proposed that these casinos be strategically located in secondary provinces across all five regions, envisioning them as catalysts for job creation and economic growth.  

New airports, train stations eyed too  

Emphasizing the importance of selected cities boasting additional tourist attractions and adequate infrastructure, Ratchakitprakarn highlighted the necessity of essential facilities like airports and train stations to accommodate the expected influx of visitors.   

Potential locations for these casinos include Songkhla and Chiang Rai.  

House committee to present casino legalisation study  

The next step involves a committee from Thailand’s House of Representatives presenting their findings on the feasibility of legalising casinos to the parliament.   

This move signals a significant shift in Thailand’s approach to gambling and entertainment, potentially opening doors to a new era of economic development and tourism.  

Last week, Thai Deputy Finance Minister Julapun Amornvivat, who heads the special House committee, confirmed the completion of their comprehensive assessment.   

Amornvivat highlighted that if the House endorses the study, it will proceed to the cabinet for further scrutiny and potential implementation.  

Vice chairman of the House committee, Sorawong Thienthong, underlined the significant revenue prospects for the country, emphasizing that casinos would form just a portion of larger entertainment complexes.   

This indicates a broader scope beyond mere gambling activities.  

Genting Singapore as a frontrunner  

Currently, Genting Singapore stands as the frontrunner, showing keen interest in developing an integrated resort (IR) in Thailand. 

Their interest marks a potential shift in Thailand’s stance towards embracing integrated entertainment complexes, hinting at a new avenue for economic growth and development.