Thailand Unveils Draft Regulations for Integrated Casino Resorts
The draft regulations propose 30-year licenses for operators, subject to evaluation every five years, with each renewal period lasting up to 10 years.
Thailand has released draft regulations outlining the operation of integrated resorts in the country, with a public comment period open until 18 August. The move follows the House's approval of the draft Entertainment Complex Bill in March, signaling a significant step towards legalizing casinos.
The draft regulations propose 30-year licenses for operators, subject to evaluation every five years, with each renewal period lasting up to 10 years.
The oversight of Thailand's casinos will involve multiple layers of governance. A policy committee and an executive committee, both chaired by Prime Minister Srettha Thavisin, will facilitate regulation development and ensure a smooth launch process. Daily regulatory responsibilities will fall to a newly established government body, the Comprehensive Entertainment Commission.
Initially, a government committee under the prime minister's purview will manage the project, including key ministers from finance, tourism and sports, social development and human security, commerce, interior, justice, and the commissioner-general of the Royal Thai Police.
