Thailand closer to take gamble on casinos, unveils draft rules

Summary

• Thailand is moving forward with plans to legalize casinos to boost tourism and attract foreign investment.
• Draft rules have been published allowing casinos with 30-year licenses, renewable for another 10 years.
• The country aims to compete in the global casino industry, potentially attracting major players like Galaxy Entertainment Group and Las Vegas Sands Corp.
• The move is part of Prime Minister Srettha Thavisin’s efforts to attract foreign investments and increase tourism revenue.