Thai cabinet approves draft law for casinos, with limits for local gamblers

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Thai cabinet approves draft law for casinos, with limits for local gamblers
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A gleaming new data centre sits less than half a mile from the electric substation where a fire plunged Heathrow Airport into darkness last week. The data centre's own power was also cut that day. But no one who relied on it would have noticed, thanks to a bank of batteries and backup generators designed to kick in instantly.

FILE PHOTO: Thailand's flag is seen as royalists hold an event to support the monarchy in Bangkok, Thailand, October 28,2020. REUTERS/Soe Zeya Tun/File Photo

But the latest draft approved by cabinet will significantly limit how many Thai punters can go to casinos, with an entry fee of 5,000 baht and proof of at least 50 million baht in bank deposits , effectively blocking large swathes of the population, where per capita gross domestic product is about $7,300.

The draft law will be sent to parliament, and if passed, will also need approval from the Senate and the king. The government, led by the populist Pheu Thai party, hopes to attract at least 100 billion baht in new investment in casinos and entertainment complexes and see an annual boost to foreign arrivals of 5% to 10%, while generating revenue of more than 12 billion baht a year.

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