Thailand wants to legalize the casino
The idea of legalization of casino gaming has been around for a long time, but in recent years controversy has splintered as police occasionally chase casinos, mostly in Bangkok.
In 2011, again the legalization of gambling was launched. The Bangkok Post newspaper quoted Sungsidh Piriyarangsan of Chandrakasem Rajabhat University as saying that it should legitimize gambling because it is a profitable industry. He also points out that gambling can not be avoided and police will take bribes to ignore the active casinos.
Mr. Sungsidh, also a research gambler in Thailand, concludes that these activities can never be eliminated. His research indicates that there are over 170 illicit casinos in Bangkok. Smuggled casino owners in Bangkok earn 38-40 billion baht (over $ 1.2 billion) in profits a year and spend 5-20% of their money to bribe the police.
According to the Bangkok Post, the gambling activity is around 90 billion baht (nearly $ 3 billion). According to Sungsidh, the police force to clean up the casino is only temporary. Some time later the casino re-opened.
In 2012, the legitimacy of the casino was raised by Thai billionaire Dhanin Chearavanont again. He proposed to legalize the casino for the same reason: to increase revenue and reduce illegal activities.
"We have to accept the truth," said Dhanin, chairman of the CP Group. "There are underground gambling activities. They do not pay taxes but also build dark power. Why not legalize it? We should study Singapore. "
The Las Vegas Sands Group and Genting Singapore spent more than $ 10 billion to build two casino resorts in 2010, according to Bloomberg. Mr Dhanin suggested Thailand should open casinos in Chiang Mai, Phuket and Pattaya and then revenue would be higher than Macau.
It is also a problem that over 90% of Thailand's Buddhist population should legitimize gambling as a matter of controversy. Opponents have a negative impact on the moral issue of legitimizing the casino.
According to The Nation, another challenge is whether the Thais are financially capable of taking on the legitimate casino temptation. More questions are also raised on this issue, such as whether enforcement is enough to protect young people from gambling addiction?
An editorial on The Nation in 2011 has retorted the legitimate casino view to boost revenue. "If it was only for money, it would not be enough to persuade the majority of the population that Thailand needed a casino," the article points out that Macau is too small and needs a casino to make money while Thailand has many other industries to thrive. steady
In addition, the cost of social returns is much greater than the profit.
So far gambling is still a prohibited activity in Thailand and even if a legitimate casino is erected, many are not convinced that the illegal casino will disappear.
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