May 20, 2022 Newsdesk Latest News, Rest of Asia, Top of the deck  
A number of minority political parties in Thailand has submitted a draft amendment to the country’s Gambling Act, with the aim of legalising land-based casinos and online gambling, reported on Thursday the Bangkok Post newspaper.
The idea is to raise public money at a time when the country’s economy – including a significant tourism sector – is still struggling to recover after the Covid-19 pandemic.
The legalisation move was led by the Thai Local Power Party. The political group is proposing a casino is authorised to operate in each of Thailand’s four regions, in provinces most-visited by tourists.
Such casinos might generate at least THB400 billion (about US$11.6 billion) to THB600 billion baht each year, claimed Kovit Puangngam, a party list-MP of the Thai Local Power Party.
In December, the Thai National Assembly set up sub-committees to look into the possibility of legalising casinos in that country.
Gambling other than on authorised horse races or government lotteries, has been prohibited since a statute called the Gambling Act 1935.
Revenue from tax collection and application fees for online casinos could generate about THB1.5 trillion, claimed Mr Kovit.
About 10 percent would go to the Ministry of Finance, with the remainder funding state welfare initiatives including debt relief in the agricultural sector, student loans, and occupational development, the Bangkok Post cited Mr Kovit as saying.
The draft amendment to the country’s Gambling Act covered verification of players, to ensure underage people could not access such services.
May 31, 2023
May 31, 2023
Jun 09, 2023
Jun 09, 2023
Jun 09, 2023
None of Macau’s six gaming concessionaires have so far applied for a form of “exemption” from the full 40-percent tax rate on casino gross gaming revenue (GGR), as potentially applicable...Jun 09, 2023
Commercial opportunities for utilisation of...Jun 08, 2023
Gaming content and equipment maker Konami says it is...Jun 07, 2023
Casino gaming content and hardware provider Light &...Jun 06, 2023
Electronic table games (ETGs) supplier Interblock dd is...Jun 05, 2023
Random number generator (RNG) testing tools are among the...Jun 01, 2023
Alfastreet, a manufacturer of electronic gaming machines,...Jun 01, 2023
Casino equipment maker Sega Sammy Creation Inc is tweaking...Jun 01, 2023
The iGaming segment in Asia “has grown rapidly” since...May 31, 2023
Showing slot machine players – via animations on the...May 31, 2023
Macau stocks in likelihood “have been punished too much...May 31, 2023
There are foreign companies still interested in investing...May 31, 2023
Thailand could pass the necessary enabling legislation for...May 30, 2023
China will remain a key market for Asian gaming...May 30, 2023
Alejandro Tengco (pictured in a file photo), chairman and...May 30, 2023
There are “plenty of reasons” for the global gaming...May 30, 2023
Gaming equipment provider International Game Technology Plc...May 30, 2023
The Global Gaming Expo (G2E) Asia 2023 Special Edition:...May 29, 2023
Austria-based gaming equipment maker and operator Novomatic...May 25, 2023
Sports betting and online casino operating platform...May 24, 2023
The business performance in Asia of gaming content and...May 18, 2023
The organisers of Global Gaming Expo (G2E) Asia 2023...May 17, 2023
Gaming content and equipment supplier Light & Wonder...May 16, 2023
Casino equipment maker Sega Sammy Creation Inc is to...May 09, 2023
Casino slot machine and digital gaming content provider...May 05, 2023
The Global Gaming Expo (G2E) Asia event in Singapore is the...May 04, 2023
An adviser to a Thailand parliamentary committee mulling...(Click here for more)
”We believe the intrinsic value of IGT’s market-leading businesses and diversified cash flow profile is not currently reflected in our stock price and the timing is right to assess opportunities that may enhance value for IGT’s shareholders”
Marco Sala
Executive chair of casino equipment supplier IGT