The upcoming legalization of the casino in Thailand is concerned with Philippine gambling business representatives.
Thailand’s desire to legalize a casino in the country is a threat to the Philippine gambling business. On Wednesday, February 26, the head of the Philippine Amusement and Gaming Corp, Alehandro Tengko said, reported by Bloomberg.
According to him, in 2024, the business brought the agency 410 billion pesos (more than 7 billion dollars). However, after news of the likely legalization of the casino in Thailand, the competition began to grow in the region, and the risk of the Philippines that paved their place to the top.
According to Bloomberg, Thailand has exceeded the Philippines by the number of tourists, giving him the advantage of attracting players and investors.
“It’s a big threat,” Tengko said.
The Thai government has adopted the bill to the legalization of casinos and gambling in the middle of -January 2025. This, according to officials, will contribute to the development of tourism in the country and bring more income to the state.
In the country, only a few gambling is allowed, for example, jumping and state -controlled lottery.
Earlier it was reported that law enforcement officials stopped illegal online casino activities from DNIEPER with an annual transfer of more than 2 billion hryvnias.
The Council at the meeting on December 4 was adopted as an entire Bill No. 9256-D in the commission’s extermination to fix gambling and lottery (KRAIL) and strengthen gambling business control.
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Source: korrespondent
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