Thailand’s Cabinet reviews casino research in weeks: report

Members of Thailand’s cabinet will “within two weeks” review the findings recommending that casinos be allowed in Thailand’s proposed large entertainment complex, which Thailand’s deputy finance minister, Houlapun Amonvivat, said in comments reported by the Bangkok Post on Wednesday.

Mr Amonvivat is also the chairman of the House of Commons Select Committee tasked with completing research on the possibility of legalising casinos in Thailand.

The plan was approved by the House of Representatives last week, with a total of 253 of the 257 members present in the House of Representatives voting in favor.

According to Prime Minister Amon Vivat, the government’s cabinet will decide whether legalizing casinos is “suitable for the country.” After that, a draft bill will be submitted for parliamentary review.

Maybank Investment Bank Bhd, citing information gathered in a note last week, said: “Supposing the regulatory framework takes two years to complete and three years to build, the first entertainment centre can only open in 2029.”

The agency said: “Licenses are expected to be awarded in phases and up to eight entertainment centers are expected to be built.”

“The initial licensing period is 20 years, but it can be renewed every five years. Four different investment scales are envisioned, but the first phase licensing is the largest, which will cover the minimum cost of a 100 billion THB ($2.7 billion) capital investment.”

BY: 파친코