Division within the Thai parliament has slowed the momentum of the casino legalization bill.
According to the Bangkok Post, one of the members of the Thai coalition government, the Bhumjaithai Party, has expressed opposition to several aspects of the bill, and the support from the opposition has intensified these concerns.
They are worried whether the legalization of gambling would promote financial and tourism development in the region, and the Democrat Party also supports these claims, dispelling the idea that Thailand's gambling industry could replicate the success of Macau.
Last week, Thavisin was dismissed for violating ethical standards. The gambling legislation plan was a key part of his agenda, and his departure is likely seen as a setback for the industry.
Deputy Prime Minister Phumtham Wechayachai has taken over his position, and it is reported that Phumtham Wechayachai supports his plans. Nevertheless, with Thavisin's departure, the ruling party's legislative credibility has taken a significant hit.
Bhumjaithai has also raised objections to this part of the bill, emphasizing that it believes the bill would undermine the employment opportunities for domestic workers.
The Thai market has attracted intense interest from many major global operators, with Genting Group considering the region as a key area for its growth opportunities.
With increasing interest from operators, the bidding process is also expected to be completed this year, while also requiring regulatory approval.
Recently, the bill was resubmitted for public consultation, with the goal for the region to compete with other new markets such as the UAE and Japan, and to open its first casino by 2029.
