Thailand has revised its proposed regulations for locals entering the country’s planned casinos, eliminating the requirement that citizens hold at least THB50 million (US$1.5 million) in bank deposits. This change was confirmed by Deputy Finance Minister Julapun Amornvivat, who highlighted concerns that the previous threshold would have made casino access too exclusive. According to government data, only about 10,000 bank accounts in Thailand meet that financial benchmark, effectively locking out most of the country’s 70 million residents. The updated eligibility criteria now focus on a different qualification: instead of proving a high net worth, Thai nationals seeking to enter legal casinos will need to have filed tax returns for at least three consecutive years. This adjustment is part of a broader effort to balance economic opportunity with regulatory oversight while discouraging illegal gambling. Easing Restrictions to Combat Illegal Betting Authorities initially introduced the THB50 million requirement to mitigate risks associated with gambling-related harm. However, officials now acknowledge that such a… Read More
Category: News
Source: Casino News Daily
