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Thailand's big casino gamble hangs on fine print of regulations

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Thailand is setting its sights on becoming a global gaming hub, with plans to build a casino industry that generates billions in revenue, draws some of the biggest names in the business and benefits a thriving tourism sector.
Thailand is considering legalizing casinos as part of a broader strategy to boost tourism and economic growth, with a draft bill expected to be presented to parliament in 2025. The proposed legislation aims to regulate entertainment complexes that would include casinos, potentially transforming Thailand into a major gambling hub in Asia. However, the success of this initiative heavily depends on the specifics of the regulatory framework, which will determine aspects like taxation, licensing, and measures to prevent gambling addiction. The government is cautious, learning from the experiences of other countries like Singapore and the Philippines, where casinos have both economic benefits and social costs. The draft bill, if passed, could see casinos integrated into large-scale entertainment zones, but the details on how these will be managed to mitigate negative impacts remain under discussion.

Read the Full Reuters Article at:
[ https://www.reuters.com/world/asia-pacific/thailands-big-casino-gamble-hangs-fine-print-regulations-2025-02-11/ ]