Thailand Revises Casino Bill, Drops THB50 Million Deposit Requirement for Local Gamblers

Thailand’s latest casino bill has removed the requirement for local gamblers to maintain a fixed deposit of THB50 million ($1.5 million) in their bank accounts. According to the Bangkok Post, Deputy Prime Minister and Finance Minister Pichai Chunhavajira explained that the revision came after a review by the Council of State, which suggested modifications to better align the bill with its intended objectives and public feedback.

Deputy Finance Minister Julapun Amornvivat confirmed that, rather than requiring a substantial fixed deposit, Thai nationals seeking entry to casinos will now need to have submitted tax returns for the past three years. However, the entrance fee remains unchanged at THB5,000 ($147). He pointed out that only around 10,000 Thai bank accounts hold at least THB50 million, making the initial requirement impractical and likely to drive gambling activity toward illegal alternatives.

In a separate report from the same media outlet, an unnamed government source revealed that the revised bill also includes strict measures against online gambling and live-streamed gambling activities from casinos. These provisions are intended to prevent individuals outside of casinos from participating in gambling remotely.

The casino bill is set to be reviewed by the cabinet on March 11th, following its initial approval on January 13th. Other significant provisions include a regulation stating that gambling within the proposed entertainment complex will be governed by this new law rather than existing anti-gambling legislation. The bill further mandates that all visitors undergo identity verification using a passport or an ID card.

The Council of State returned the bill to the government for further revisions on February 28th, and it remains uncertain whether the cabinet will grant final approval. Thai Prime Minister Paetongtarn Shinawatra has emphasized that the government remains open to feedback on the casino initiative, acknowledging that it is a novel concept for the country. She stated that the casino would be just a small component of a larger entertainment complex, which will incorporate various other businesses.

The government has also underscored its commitment to addressing potential risks and social consequences associated with the project. Authorities have stressed that their goal is not only to maximize economic benefits but also to mitigate any negative impacts that may arise. Officials believe that the development of entertainment complexes will be crucial to shaping Thailand’s economic future.

Meanwhile, opposition to the bill has emerged from various groups. On Monday, several protest organizations—including the Network of Students and People for Thailand’s Reform, the Center of People for the Protection of the Monarchy, and the Dharma Army—gathered near Government House in Bangkok. The groups submitted a letter to the prime minister opposing the legislation, arguing that it would be detrimental to society, the nation, and religious values.

By fLEXI tEAM