Entertainment Complex Bill May Be Renamed and Expanded as Nation Moves Towards Integrated Resorts
Public Hearings Shape Casino Bill Revisions
Thailand’s efforts to establish integrated resorts featuring casinos have entered a new phase, with public hearings providing significant input on the proposed legislation. The Fiscal Policy Office (FPO) has gathered 45 key recommendations based on public feedback, and these suggestions will soon be submitted to the Cabinet for further deliberation. This marks a major milestone in the country’s plans to boost tourism and national revenue by developing entertainment complexes.
One of the standout suggestions is to rename the bill from the “Entertainment Complex with Casino” to the “Integrated Resort Act.” Proponents argue that the new title better reflects the comprehensive nature of the resorts, which would offer a wide range of entertainment activities beyond just gambling.
Expanding Entertainment Options
Another major recommendation emerging from the public consultations is the proposal to increase the number of entertainment activities allowed in the complexes. The current draft of the bill permits four types of entertainment, but many participants argued for expanding this to seven. New activities would include spaces dedicated to promoting Thai culture, which could provide a unique appeal for international tourists while highlighting local heritage.
These entertainment hubs are seen as a potential boost for Thailand’s tourism industry, helping to attract a diverse range of visitors.
Shareholder and Licensing Debates Intensify
The public hearings also delved into issues related to ownership structures and licensing for the proposed resorts. Participants recommended that Thai shareholders hold between 30% and 51% of the ownership stakes in each complex, ensuring local stakeholders play a significant role in these ventures. This suggestion reflects a balance between fostering foreign investment and ensuring local interests are protected.
Licensing terms were another hot topic. While the current draft sets the validity of casino licenses at 30 years, public opinion varied widely. Some suggested reducing this term to 10 years to allow for more frequent reviews, while others advocated for extending licenses up to 50 or even 60 years, appealing to investors seeking long-term stability.
Tourist Hotspots and Entry Fees Under Discussion
There is also ongoing debate regarding the location of these integrated resorts. Many participants expressed a preference for placing the casinos in established tourist destinations such as Phuket, Chiang Mai, Chonburi, Rayong, and Hua Hin, rather than in Bangkok. These locations are already popular with foreign visitors, and the addition of entertainment complexes could further enhance their appeal.
The issue of entry fees for Thai citizens was also raised, with proposed fees ranging from 1,000 to 2,000 baht per visit, or an annual pass costing between 20,000 and 40,000 baht. These fees are seen as a way to manage local participation while prioritising foreign tourists as the primary clientele.
Tax Rates and Economic Impact
The draft bill suggests setting casino tax rates at 17% of gaming revenue, a figure similar to those in other Asian countries with legal gambling. This low tax rate is viewed as a key attraction for investors. Reports from financial analysts estimate that a legalised casino industry in Thailand could generate between $4 billion and $6 billion in annual revenue, contributing significantly to the country’s GDP and tax base.
As Thailand continues to refine its casino legislation, the government’s ability to balance local interests with foreign investment will be crucial in shaping the future of the country’s entertainment and tourism sectors. With the FPO’s 45 recommendations awaiting Cabinet review, the path forward for Thailand’s casino resorts is poised for further debate and development.