Regarding Thailand’s upcoming Entertainment Complex Bill, polar opposite opinions have been expressed; nonetheless, a planned admission rule is a “deal breaker.”
The government’s contemplated decision to move forward with an earlier proposal to bar residents from entering future casinos, which would be housed in at least four locations across entertainment complexes, based on a person’s money in the bank, has been met with significant disapproval, according to a report first published by Inside Asian Gaming.
Although the plan is still up for debate, the publication has encapsulated the sentiment surrounding its ultimate implementation.
Thai Casino Dream Could Be “Killed” by Controversial Proposal
The Thai government announced earlier this year that it would consider its Entertainment Complex Bill and put forth a rule requiring Thai nationals and other locals who want to enter casinos to have at least $1.5 million in six-month fixed jackpots in their bank accounts in order to be allowed entry to the casino floors.
Industry representatives have described this policy as a “absolute deal breaker,” according to Inside Asian Gaming, which cited its materials that would be published in the publication’s upcoming April edition.
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However, this kind of knowledge is not always the only viewpoint. The Thai Hotels Association, for instance, has maintained that if entertainment complexes are to be built, they should do so in “secondary cities” and that residents should be able to vote in a referendum to determine which provinces should initially host these projects.
Since Beijing has already voiced worries about the arrival of casinos, others, especially those in the tourism lobby, have raised the alarm that Chinese tourists would leave the nation. China actively forbids its people from visiting places where gambling is permitted.
One well-known but anonymous representative has condemned the fixed-deposit money restriction from Entertainment Complex Bill as a precedent, with no jurisdiction in the globe employing this kind of barrier to stop locals from playing, according to Inside Asian Gaming, which also cited its sources and persons it spoke to.
Entertainment Complexes’ Potential for Economic Growth May Be Hurt
Additionally, the policy is somewhat counterintuitive because, in a nation that may not have the biggest number of millionaires in the world per capita, $1.5 million is an enormous sum of money to put in a fixed jackpot deposit. Out of 71.7 million people, 100,000 are reportedly millionaires in Thailand.
Everyone agrees that severely restricting access and only allowing the wealthiest people to enter will negatively affect the project’s ability to generate consistent revenue and, eventually, reduce the ability of entertainment complexes to stimulate economic growth.
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