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Market
Revenue generated from legalized casinos in Thailand by end of 2025
5
Resolution / Starting Odds
Less than 1 billion USD • 33%
1-2 billion USD • 33%
More than 2 billion USD • 33%
Financial reports from the Thai Ministry of Finance
Story
Thailand Approves Tax Incentives for Low Season Tourism, Plans to Legalize Casinos
Jun 4, 2024, 07:30 AM
The Thai cabinet has approved tax incentives to stimulate domestic tourism during the low season, according to Prime Minister Srettha Thavisin. The measures aim to boost MICE (meetings, incentive travel, conferences, and exhibitions) activities and tourism in secondary cities. Additionally, Prime Minister Thavisin has instructed the Ministry of Finance to accelerate efforts to legalize casinos within entertainment complexes. The ministry is now responsible for drafting the entertainment complex bill following Parliament and the Cabinet's approval. These initiatives are part of Thailand's broader strategy to enhance its appeal as a major tourism hub and generate more state revenue.
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Similar markets
Further restrictions • 33%
No change • 33%
Further liberalization • 33%
Significant Negative Impact • 33%
Moderate Negative Impact • 33%
Minimal or No Impact • 33%
Less than $1 billion • 25%
$1 billion to $2 billion • 25%
$2 billion to $3 billion • 25%
More than $3 billion • 25%
Increased investments in Thailand • 25%
Divestment from Thailand • 25%
No significant change • 25%
Increased regulatory scrutiny • 25%
Many businesses close • 33%
Businesses remain stable • 33%
New businesses emerge • 34%
Growth • 50%
Decline • 50%
Increase in tourists • 33%
No significant change • 33%
Decrease in tourists • 34%
7-10 states • 25%
11-14 states • 25%
15-18 states • 25%
19 or more states • 25%
Improvement in public health metrics • 33%
Worsening of public health metrics • 33%
No significant change • 33%
Effective in reduction • 33%
Ineffective in reduction • 33%
Mixed results • 34%