JOURNAL ARTICLE

Thailand Moves Closer to Legalizing Casinos to Prop Up Tourism.

  • Published In: Bloomberg.com, 2024. P. N.PAG 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Abraham, Thomas Kutty 3 of 3

Abstract

The article focuses on Thailand's initiative to legalize casinos as part of a strategy to enhance its tourism appeal and attract foreign investment. The government has published draft rules for casinos, which would operate under a 30-year license with the possibility of a 10-year renewal, and be located within large entertainment complexes that include hotels and amusement parks. This move aligns with Thailand's recent trend towards a more liberal approach to tourism, following the decriminalization of cannabis and the potential legalization of same-sex marriage. The legalization of casinos is projected to boost tourism revenue by approximately $12 billion, with popular tourist areas like Greater Bangkok and Phuket identified as potential locations for these complexes. [Extracted from the article]

Additional Information

  • Source:Bloomberg.com. 2024/08, pN.PAG
  • Document Type:Article
  • Subject Area:Law
  • Publication Date:2024
  • Accession Number:178818313
  • Copyright Statement:Copyright of Bloomberg.com is the property of Bloomberg, L.P. and its content may not be copied or emailed to multiple sites without the copyright holder's express written permission. Additionally, content may not be used with any artificial intelligence tools or machine learning technologies. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Looking to go deeper into this topic? Look for more articles on EBSCOhost.