Thailand's gambling legalization process accelerates

On March 17, 2024, the Thai Special Committee responsible for supervising the integrated entertainment venue project officially announced that the first batch of casinos will be built in four popular tourist destinations, including Bangkok, Chiang Mai, Phuket and Chonburi. This decision marks an important step towards the legalization of Thailand's gaming industry, which will not only promote the country's economic development, but also attract the attention of global investors.

Casino complex helps upgrade Thailand's tourism industry

Nikom Boonwiset, deputy chairman of the special committee, said the casino project is expected to have a total investment of 500 billion baht (about 14.844 billion U.S. dollars), attract at least 50 million tourists each year and create more than 40,000 jobs. These casinos will be part of a large-scale integrated entertainment center covering:

Five-star luxury hotel

World-class shopping malls

Playgrounds and gymnasiums

Conference Hall and Exhibition Center

Rich dining and cultural experience

It is worth noting that the casino area only accounts for one-tenth of the entire project area, while more space will be used for other tourism and leisure facilities to enhance Thailand's attractiveness as a global tourist destination.

Gambling tax revenue promotes national economic growth

According to the current draft legislation, the Thai government plans to impose a 17% tax on the gross gaming revenue (GGR) of casinos. It is expected that after the implementation of this policy, it will bring at least 12 billion baht in tax revenue to Thailand each year and is expected to drive a 5% to 10% increase in the number of overseas tourists.

Dual opportunities for tourism and investment

As Thailand's tourism industry continues to upgrade, it is expected that by 2025, Thailand will complete the transformation from the traditional sightseeing model to the **"culture + technology + ecology" integrated development model**. The landing of casinos and comprehensive entertainment projects will not only provide tourists with a more diversified experience, but will also promote the development of Thailand's local economy and further consolidate its position as a popular global tourist and investment destination.

In addition, the Thai government is also stepping up efforts to improve infrastructure and service quality to ensure that tourists enjoy a safer and more comfortable travel experience. These measures will undoubtedly enhance Thailand's competitiveness in the global tourism market and provide new opportunities for international investors.

Conclusion: Thailand becomes an ideal place for investment

Thailand not only has beautiful beaches and rich cultural heritage, but now it has also ushered in new development opportunities with the legalization of the gaming industry. If you are planning an unforgettable trip or looking for an investment opportunity with huge growth potential, Thailand is undoubtedly your best choice!