Thailand Keeps 'Wealthy' Requirement for Local Gamblers in Casino Bill
Despite previous reports to the contrary, the Thai government has decided to retain a requirement that local gamblers must have at least THB50 million (US$1.5 million) in their bank accounts to enter legal casinos. This provision remains in the draft entertainment complex bill, which is set to be presented to parliament in the coming weeks. Despite opposition to the restriction, the government has stated that any changes to the requirement will be up to the discretion of parliament.
LISTEN TO THIS ARTICLE:Deputy Finance Minister Julapun Amornvivat provided an update on the progress of the draft bill, confirming that the THB50 million entry requirement remains in place as recommended by the Council of State. He has voiced his concerns over the restriction, arguing that it does not effectively address the issue of Thai citizens traveling abroad to gamble.
Related: Thailand Removes $1.5M Casino Deposit Rule for Local GamblersHe also noted that the requirement significantly limits the number of Thai locals who would be eligible to enter casinos, estimating that only about 10,000 people in the country meet the financial criteria.
As an alternative, Julapun has proposed a different entry requirement that would allow Thai locals to access casinos if they can prove they have paid income tax to the Revenue Department for three consecutive years. This approach is intended to provide a more practical entry barrier while still ensuring responsible gambling practices.
Additionally, the existing provision of a THB5,000 (US$150) entry fee for locals remains in the proposed legislation.
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The strict financial requirement has raised concerns among industry analysts, who have warned that it could discourage international investors from supporting Thailand's casino initiative. Some experts have described the THB50 million requirement as a potential obstacle that could undermine the success of the country's casino development plans. If the provision remains in the final legislation, there are concerns that it could make Thailand's casino market less attractive compared to other regional gaming hubs that offer more accessible entry policies.
The draft entertainment complex bill is part of Thailand's broader effort to develop its gaming industry and generate economic benefits. The government has been considering the introduction of legal casinos as a means to attract tourists, boost state revenue, and curb illegal gambling activities. However, balancing regulatory measures with investor and public interests remains a challenge. The parliamentary debate on the bill will determine whether any adjustments will be made to the entry requirements before it is finalized.
While the government has reiterated that parliament has the authority to make modifications, the retention of the THB50 million requirement in the draft bill indicates that strict financial restrictions are still a key component of the proposed regulatory framework. It also seems to respond to local opposition that has fought to keep the bill from advancing due to concerns over societal perceptions and responsible gambling risks.
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