BANGKOK — Thailand has dropped plans to limit casino access to citizens with assets of at least US$1.5 million (S$2 million) because it would exclude too many people, a deputy finance minister said on Monday (March 3), as the government looks to build a major gaming industry.
Gambling cubes and chips are seen in front of a displayed Thailand flag in this illustration taken on Feb 11.BANGKOK — Thailand has dropped plans to limit casino access to citizens with assets of at least US$1.5 million because it would exclude too many people, a deputy finance minister said on Monday , as the government looks to build a major gaming industry.
"This criteria would not be able to solve illegal gambling," he said, noting there were only 10,000 deposit accounts in the country with more than 50 million baht.A proposed casino entry fee of 5,000 baht remains in the draft law, which will be submitted to cabinet for approval and then sent to parliament before the current session ends on April 11, Julapun said.
Domestic gamblers were seen as an important draw for foreign investors, who are closely watching details of the draft casino law, analysts say. The Thai government hopes to attract at least 100 billion baht in new investment, lift foreign visitor numbers by 5 per cent to 10 per cent, and generate revenue of more than 12 billion baht a year.
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