The Governor of the Bank of Thailand, Sethaput Suthiwartnarueput, has publicly criticized the proposed Entertainment Complex Bill, warning it could project a “grey image” of Thailand internationally and undermine regulatory credibility.

Speaking at a recent event, Dr. Sethaput emphasized that Thailand must be careful with policies that could harm its reputation, especially with the bill’s legalization of casinos which could create a “grey” image.

The bill, currently being debated in parliament, aims to set up large entertainment hubs that combine casinos with hotels, concert venues and water parks. Despite its potential to boost tourism and the economy, the bill is facing growing opposition.

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Key Points Raised by Bank of Thailand:

  • Reputation Risk: Legalising casinos could tarnish Thailand’s image, globally.
  • Economic Stability: Introducing casinos could create loopholes for illegal activities and erode investor confidence.
  • Cultural Impact: Critics say gambling doesn’t fit Thailand’s culture and religion.
  • Alternative Solutions: Dr. Sethaput suggests focusing on sustainable industries like wellness and elderly care to attract global attention and generate economic growth with less risk.

Despite the concerns, the bill has moved forward. The Thai Cabinet approved the bill in March but it’s now stuck in Parliament. Originally set to be read on April 9, 2025, it’s now been postponed to July 2, 2025. Public protests have intensified with over 100,000 signatures submitted to withdraw the bill.

What’s Next for Thailand’s Casino Bill:

  • Parliamentary Review: The bill will be debated in the next Parliament session in July.
  • Public Opinion: Public opposition is growing, several organisations and citizens are calling for the bill to be scrapped.
  • Government Position: Prime Minister Paetongtarn Shinawatra supports the bill but acknowledges more political and public debate is needed before moving forward.