Minister Declares Abundance of Capital for Entertainment Complex Project
PUBLISHED: 31 Mar 2025 at 07:03
The global economic slowdown is poised to have minimal impact on Thailand’s ambitious entertainment complex project, according to Deputy Finance Minister Julapun Amornvivat. Speaking after the cabinet approved the draft entertainment complex bill, which aims to legalize casino gambling, he emphasized that long-term investments like these remain attractive amid economic fluctuations.
Since the government unveiled plans for the entertainment complex, numerous investors have shown interest, viewing Thailand as a prime destination for casino operations compared to other nations, including Japan.
Mr. Julapun noted that there are fewer than 10 major global investors specializing in such projects, all of whom are large-scale operators poised for significant investments.
Concerns about casinos becoming centers for money laundering or illicit activities were addressed by Mr. Julapun, who stated that the substantial financial commitments of hundreds of billions of baht involved in these projects act as a deterrent for illegal behavior that could jeopardize investor licenses.
Thailand’s unique advantages, such as its natural beauty and robust tourism infrastructure, are key factors that attract investors. The country welcomes approximately 40 million tourists annually, further enhancing its appeal as a destination for entertainment investment.
“This investment project will serve as a catalyst for Thailand’s economic growth, alleviating worries about achieving a 3% growth rate,” stated Mr. Julapun.
The government is optimistic about moving the draft bill through parliament within the current legislative session, potentially by April. The entire process, from drafting to formal approval, is projected to span about one year.
Upon the law’s enactment, a regulatory office will be established and a Policy Committee will determine the locations and number of permitted entertainment complexes. Initial sites are expected to be located on state-owned or government properties.
The committee will also outline the components of each complex, which may feature amusement parks, sports stadiums, and museums to attract tourists. The land requirements for each project are projected to be 300 rai, with casino space limited to no more than 10% of the total land area or the usable space of the entertainment complex.
“Once this law is enacted, construction can begin within three years,” said Mr. Julapun.
In contrast to the Las Vegas model, which requires extensive infrastructure developments in isolated areas, Thailand will focus on integrating these complexes into existing tourist attractions, thereby increasing spending per visitor.
