Thailand Explores Legalizing Online Gambling and Casinos by 2029

The Thai government is moving forward with discussions on the legalization and regulation of online gambling, according to Deputy Prime Minister Prasert Jantararuangtong. This initiative is part of a broader strategy that includes establishing the country’s first casino by 2029. Speaking to local media, Prasert emphasized the need for collaboration among various government ministries to draft and approve the necessary legal amendments.

Government plans online gambling reform:

Prasert, who also serves as the Minister of Digital Economy and Society, revealed that an official study on regulating online gambling is expected to conclude in the coming months. This follows former Prime Minister Thaksin Shinawatra’s recent comments suggesting that legalizing online gambling could help reduce underground activity and provide significant benefits for the economy and society. Thaksin also proposed age restrictions, limiting access to individuals over 20 years old, but Prasert clarified that this specific issue has yet to be discussed at the policy level.

As Bangkok Post reports, online gambling in Thailand has been associated with societal challenges, including criminal behavior among young people and the proliferation of “mules” used for fraudulent activities. Despite these concerns, Prasert highlighted the significant financial potential of the sector. He stated, “Online gambling platforms see massive amounts of money pass through them every day, which, if taxed properly, would be good for the economy.”

Thailand’s underground gambling market reportedly serves millions of users daily, leading policymakers to consider stricter regulation as a means of addressing this issue. Proper oversight, advocates argue, would generate tax revenue and reduce the risks associated with illegal platforms.

Casino legislation in progress:

The push for online gambling legalization coincides with legislative efforts to open land-based casinos. The Thai government has proposed the Entertainment Complex Bill, which aims to permit casinos within large-scale venues. According to officials, this bill is expected to pass by mid-2025. Secretary-General Prommin Lertsuridej recently affirmed the government’s confidence in the legislation, noting that the process involves multiple parliamentary readings.

Initial plans suggest granting five casino licenses, with proposed locations in Bangkok, Pattaya, Chiang Mai, and Phuket. These licenses will be limited to Thai-registered companies with a minimum capital of 10 billion baht. Entry fees for casino patrons are projected to be up to 5,000 baht, while license holders may operate under renewable 30-year concessions. Notably, operators must dedicate at least 10% of their complex’s floor space to gaming activities, a figure revised from an earlier 5% proposal.

The Thai government’s dual focus on online and land-based gambling marks a significant shift in its approach to the industry. While economic benefits are a driving factor, officials remain cautious about balancing regulation with social responsibility. With discussions underway, these measures could transform Thailand’s gambling landscape in the coming years.