{"id":8704,"date":"2024-04-18T00:00:00","date_gmt":"2024-04-18T00:00:00","guid":{"rendered":"https:\/\/www.mundovideo.com.co\/en\/asia\/legalization-of-casinos-to-be-studied-by-various-agencies-in-thailand\/"},"modified":"2024-04-18T00:00:00","modified_gmt":"2024-04-18T00:00:00","slug":"legalization-of-casinos-to-be-studied-by-various-agencies-in-thailand","status":"publish","type":"asia","link":"https:\/\/www.mundovideo.com.co\/en\/asia\/legalization-of-casinos-to-be-studied-by-various-agencies-in-thailand\/","title":{"rendered":"Legalization of casinos to be studied by various agencies in Thailand."},"content":{"rendered":"<p align=\"justify\">&nbsp;<\/p>\n<p align=\"justify\">&nbsp;<\/p>\n<p align=\"justify\">&nbsp;<\/p>\n<p align=\"justify\">&nbsp;<\/p>\n<p align=\"justify\">&nbsp;<\/p>\n<p align=\"justify\">&nbsp;<\/p>\n<p align=\"justify\"><span style=\"font-family: 'Times New Roman', serif;\"><span style=\"font-family: Arial, serif;\"><span style=\"font-size: large;\"><span lang=\"en-US\">Thailand&rsquo;s Ministry of Finance has been appointed lead agency to consider <\/span><\/span><\/span><span style=\"font-family: Arial, serif;\"><span style=\"font-size: large;\"><span lang=\"en-US\">a House committee study<\/span><\/span><\/span><span style=\"font-family: Arial, serif;\"><span style=\"font-size: large;\"><span lang=\"en-US\"> recommending the legalization of casino gaming but will work with 16 other agencies in doing so, local media reports.<\/span><\/span><\/span><\/span><\/p>\n<p align=\"justify\">&nbsp;<\/p>\n<p align=\"justify\"><span style=\"font-family: 'Times New Roman', serif;\"><span style=\"color: #ff0000;\"><span style=\"font-family: Arial, serif;\"><span style=\"font-size: large;\"><span lang=\"en-US\"><img decoding=\"async\" src=\"https:\/\/www.mundovideo.com.co\/assets\/feria24\/ice-london-termino-y-se-despidio-la-feria-en-imagenes-mgl.png\" alt=\"\" width=\"100%\" \/><\/span><\/span><\/span><\/span><\/span><\/p>\n<p align=\"justify\">&nbsp;<\/p>\n<p align=\"justify\"><span style=\"font-family: 'Times New Roman', serif;\"><span style=\"font-family: Arial, serif;\"><span style=\"font-size: large;\"><span lang=\"en-US\">Deputy Finance Minister <\/span><\/span><\/span><strong><span style=\"font-family: Arial, serif;\"><span style=\"font-size: large;\"><span lang=\"en-US\">Julapun Amornvivat<\/span><\/span><\/span><\/strong><span style=\"font-family: Arial, serif;\"><span style=\"font-size: large;\"><span lang=\"en-US\">, who chairs the House committee, said earlier that the complexes would create jobs, boost tourism, and curb illegal gambling. He expected the complexes to generate 40-50 billion baht of revenue annually. After the plan is greenlighted, a policy-level committee will be established to supervise the project, to be chaired by the Prime Minister, he said.<\/span><\/span><\/span><\/span><\/p>\n<p align=\"justify\">&nbsp;<\/p>\n<p align=\"justify\"><span style=\"font-family: 'Times New Roman', serif;\"><span style=\"color: #0000ff;\"><u><span lang=\"en-US\">Thailand&rsquo;s National Assembly to debate introducing casinos on March 28<\/span><\/u><\/span><\/span><\/p>\n<p align=\"justify\">&nbsp;<\/p>\n<p align=\"justify\"><span style=\"font-family: 'Times New Roman', serif;\"><span style=\"font-family: Arial, serif;\"><span style=\"font-size: x-large;\"><span lang=\"en-US\">An administration-level committee will then be formed, comprised of ministers and executives from related agencies to consider each aspect of the project in detail.<\/span><\/span><\/span><\/span><\/p>\n<p align=\"justify\">&nbsp;<\/p>\n<p align=\"justify\"><span style=\"font-family: 'Times New Roman', serif;\"><span style=\"font-family: Arial, serif;\"><span style=\"font-size: large;\"><span lang=\"en-US\">The 16 other agencies named include the ministries of Tourism and Sports, Social Development and Human Security, Higher Education Science Research and Innovation, Agriculture and Cooperatives, Transport, Interior, Justice, Labour, Culture, Education, Public Health and Industry.<\/span><\/span><\/span><\/span><\/p>\n<p align=\"justify\">&nbsp;<\/p>\n<p align=\"justify\"><span style=\"font-family: 'Times New Roman', serif;\"><span style=\"font-family: Arial, serif;\"><span style=\"font-size: large;\"><span lang=\"en-US\">The study itself recommends imposing a 17% tax on gross gaming revenue &ndash; making it one of the lowest tax regimes in the region &ndash; with locals to be required to pay an entry levy of an amount yet to be determined. License duration would be set at an initial 20 years and then renewable every five years, while the larger casino complexes would require a minimum investment of US$2.7 billion.<\/span><\/span><\/span><\/span><\/p>\n<p align=\"justify\">&nbsp;<\/p>\n<p align=\"justify\"><span style=\"font-family: 'Times New Roman', serif;\"><span style=\"font-family: Arial, serif;\"><span style=\"font-size: large;\"><span lang=\"en-US\">The Office of the Council of State, the National Economic and Social Development Council, the National Office of Buddhism and the Royal Thai Police will also be consulted.<\/span><\/span><\/span><\/span><\/p>\n<p align=\"justify\">&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Deputy Finance Minister Julapun Amornvivat, expected the complexes to generate 40-50 billion baht of revenue annually<\/p>\n","protected":false},"author":1,"featured_media":8705,"menu_order":196,"comment_status":"open","ping_status":"open","template":"","format":"standard","meta":{"inline_featured_image":false,"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[],"tags":[4522,1728],"class_list":["post-8704","asia","type-asia","status-publish","format-standard","has-post-thumbnail","tag-julapun-amornvivat","tag-revenue","entry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.6 - 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