Thailand proposes US$1.5 million threshold for local casino entry

Thailand's proposed Entertainment Complex Bill introduces stringent financial requirements for locals wishing to enter newly established casinos, mandating a minimum bank deposit of 50 million baht (approximately $1.5 million) for at least six months, along with an entry fee of up to 5,000 baht. Critics argue this high threshold could effectively exclude the majority of Thai citizens and deter foreign investment, as the local market is essential for casino profitability. Industry analysts highlight that similar restrictions in South Korea have led to a decline in local participation in gambling. The Thai government aims to stimulate tourism and generate substantial foreign investment, projecting significant revenue growth, but faces backlash over these proposed regulations. As Thailand seeks to expand its gaming industry amidst illegal gambling prevalence, the emphasis on catering to wealthier individuals raises concerns about accessibility and equity. The outcome of this legislative proposal remains uncertain, pending government approval.