Thailand aims to legalize casinos next year in win for global players [Fortune]
Citigroup, Inc. (C)
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Source: Fortune
for long canvassing for the legislation to benefit from the country's status as a tourism hot spot. The government is working to get a so-called “entertainment complex” bill, which will allow casinos to be housed within large venues, passed by the two chambers of parliament in 2025, according to Prime Minister Paetongtarn Shinawatra's Secretary-General Prommin Lertsuridej. The bill is expected to be approved by the Cabinet later this year before being considered by the House of Representatives and the upper house Senate next year. Each house typically takes months to pass a bill in three required readings. “The law should be passed in six months from now at the earliest, so it should be next year to start,” Prommin told Bloomberg News in an interview in Bangkok. Several administrative steps will still be required once the bill clears the parliament before casinos can start operating, according to him. Thailand can emerge as a major player in the global gaming industry if casin
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