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Thailand Deputy Finance Minister Julapun Amornvivat has claimed that the under-fire Thai casino bill will top the government’s agenda when parliament reconvenes in early July.Top Crypto Casino in Saudi Arabia – BitStarz Ranked #1

This could put the government on a collision course with senators and ruling coalition members.

The Senate has called for a full review of the government’s proposal to create special casino-entertainment complexes throughout the nation.

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Senators think their review will wrap some sometime in October. Senate officials have also joined the country’s Deputy Prime Minister in calling for a referendum on the bill.

Many lawmakers are bitterly opposed to the bill, and the proposal has been met with public demonstrations outside parliament this year.

However, Prime Minister Paetongtarn Shinawatra appears to have prioritized the bill, claiming it will boost the economy and end the concept of off-seasons in the tourism sector.

Paetongtarn appears determined to push ahead with the bill, even if it causes ruptures in the ruling coalition.

The Bangkok Post quoted Julapun as saying that there “are only about five to seven top-tier global operators” capable of building these new complexes.

Julapun claims that all of these investors consider Thailand a promising investment destination. The Deputy Minister said these firms appear especially eager to build casinos in the Thai capital.

He explained: “Bangkok, in particular, is seen as highly suitable, with the potential to support more than one entertainment complex.”

The Thai Prime Minister was in Monaco over the weekend, where she met the principality’s hereditary ruler, Prince Albert II, ahead of the Monaco Grand Prix. The PM said her government was working on a proposal to establish a Thai Formula 1 event.

Various Thai media outlets have reported that casino regulation was also on Paetongtarn’s agenda during her Monaco visit.

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Julapun said that investors were ready to invest between $6.2 billion and $9.2 billion in each site. He added that the government was likely to cap the number of projects it approves “at three to five, and not exceeding seven.”

The government claims it has already spoken to Wynn Resorts and MGM Resorts about investment possibilities. Bangkok also claims it is set to meet two unnamed investors in the days ahead.

MGM told the government it should allow domestic visitors to visit casino complexes, rather than creating gambling spaces that only admit foreign passport holders.

Ed Bowers, the President of Global Development at MGM, told the Bangkok Post (in a separate report) that granting domestic visitors entry would be important.

The MGM executive suggested South Korea’s casino experience should function as a cautionary tale. Bowers noted that most casinos in the country do not allow South Korean passport holders to gamble.

Bowers added that this has left many South Korean casinos struggling, with one integrated resort reportedly put up for sale due to a lack of visitors.

He explained that casino resorts can be a poor fit for countries with a mismatch between the government’s aspirations and operators’ needs.

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Bowers also urged Bangkok not to price Thais out of the casino market with prohibitive entry fees. He said casinos should not charge Thai visitors more than the 6,000 yen ($42.07) flat casino entry fee for Japanese nationals now being discussed in Tokyo.

MGM also wants Thailand to refrain from imposing heavy taxes on the legal gambling sector. Bowers noted that Singapore charges casinos an average tax rate of 17% on gross gaming revenue. In Macau, the tax rate is 40%, with Japan setting a rate of 30%.

Bowers added that bigger cities should only house one large integrated resort. However, the MGM official said that metropolises like Bangkok may house two casinos if facilities were smaller.

Julapun, meanwhile, hit out at accusations that the new complexes could facilitate money laundering and spike gambling addiction rates. The deputy minister said: “The level of control in entertainment complex casinos is actually stricter than in the banking sector. All visitors will be required to register, and nearly every square inch of the casino area will be monitored by surveillance cameras.”