Thailand to Legalize Gambling To combat Illegal gambling or.... - page 3.

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Quote from: serjent05 on June 24, 2024, 04:03:11 PM

I read an article about Thailand's Prime Minister planning to legalize gambling in order to combat illegal gambling. He also stated that the illegal gambling operation are earning trillions of baht but are not contributing to the nation. Read more about the news here
I believe the Thai PM realized that they are losing for not making gambling legal in their country. I believe it is not to combat the illegal gambling but rather to take advantage of the gambling activities to get more taxes to fund the country's treasury. It was said that if gambling is legalized the country might bring an amount ranging from TBH30B to TBH50B (US$0.8bn to US$1.3bn) in investments to the country aside from the annual taxes that can be earned from gambling industries.

I also think that it is a wise decision on the PM side since it is impossible to stop gambling, so why not take advantage of it for the country's development? Your thought?

I think the reason why the prime minister is taking such a huge step in legalizing gaming to to make sure that gamblers start paying taxes including gambling companies would must have been operating at the back and not allowing the government knows that they are functioning. This might be a good innovation per say if this is not going to increase criminal activities and make people start doing more to gambler increasing individual addiction especially when they could not have control of their gambling decisions or gambling too excessively.

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Quote from: AmoreJaz on June 25, 2024, 07:26:03 PM

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Quote from: Fivestar4everMVP on June 25, 2024, 06:20:42 PM

Anyways, looking like the Thailand prime minister have realized what they are losing by not taxing gambling companies and have decided to correct it, kudos to him and the entire country.

That's a better decision indeed. If they're losing by not taxing those gambling companies that are illegally operating. It is best for them to have some relief that they're willing to list and register them under their government so that they won't be classified anymore as an illegal operating gambling company and the tax shall go to the national government and Thailand will be able to benefit from it too.

It is about time for their government to act on this long overdue regulation protocol towards gambling. I have been on this country and their people really have high regards to their PM or their royal government. Do take note that you can be imprisoned if you talk bad about their King or insult the King and his other Regents. Also, they have very different approach on some matters.

Anyway, with this realization, they may be open to online gambling in the future. Online gambling in this country is illegal as far as I know. With the change of heart, they may soon unblock those online gambling sites and find a way how to get tax from this business.

https://en.wikipedia.org/wiki/Gambling_in_Thailand

Yeah, I know that fact about talking bad about their leader or royal family. Well, wherever you go, you need to be respectful to them whether you're a local or a tourist. And I didn't know that gambling there online is illegal but as you've said, they might also give it a go signal whenever when they're done with it. So, I guess that's how it is going to be when they're able to tax first the illegal casinos and soon, the online casinos that have been patronized by their locals and tourists.

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Quote from: Sunderland on June 26, 2024, 05:24:11 PM

Thailand main income is from tourism, and I think legalize gambling is a wise decision by the Thai gov to bring more income for the country.
I mean why not, because prostitution and marijuana are also legal there Tongue

Yep, Thailand is a business minded country and they allow all those things which most countries doesn't allow. Legalizing gambling could be another game changer for them and with that they can earn some extra profits from the gambling sites and they may impose gambling related taxes to maximize their profits.

Thailand is hub for all those people who want to enjoy their life especially they want to visit Bangkok at least once in their life. It's not really needed to explain in detail that why tourists want to visit Bangkok because almost everyone knows that, and surely tourism is the best source of income for Thailand without any doubt, but maybe from now own gambling may also generate revenue for that country.

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Quote from: serjent05 on June 26, 2024, 05:07:42 PM

Quote from: Dr.Bitcoin_Strange on June 26, 2024, 04:34:38 PM

Well, for the country where gambling is legalized, it contributes in generating revenue for the country through the tax that those casinos are paying. With the new enacted law in some country according to news, some country made it compulsory for gamblera to pay tax too. So, gambling is really generating revenue and it's not a bad idea at all that the prime minister of Thailand decided to approve gambling in the country. The idea is not to only stop illegal gambling, definitely the government will big in a big advantage too, because those casinos will be taxed. I don't even know the reason why any country will ban gambling, meanwhile it's a fun activity that can benefit the country.

True gambling industry both generates tax revenue from the gambling host and gamblers which is very favorable to the government. Aside from these taxes, they also generates jobs to the citizen from the infrastructure construction to customer service jobs which in addition creates more tax to the government.

What is more appealing is that many gambling companies pledge donations to charity institutions which further help support people who are in need. In my country, the gambling industry is one of the major supporters of charity institutions. They provide donations and financial support to people who need funding for their medical care and many other stuff.

Indeed, the gambling sector does play its role in significantly contributing towards tax revenues and job opportunities, two vital aspects for any government. But as much as we talk about numbers, let's not forget those social contributions; those donations to charitable institutions that often come out of the industry's pockets. It may always be a topic for debate, but truth be told: the gambling industry does have a positive real effect on society plus government, irrespective of how it is looked at.

Moreover, the gambling industry, through contributions like infrastructure development and job creation in hospitality, restaurants, and entertainment sectors, elevator local economies which consequently enhances the standard of living for people within those vicinities.

Nevertheless, it is also important to effectively manage and supervise this sector in a smart way so as not to eliminate the negative impact, gambling addiction. With proper regulation and with social responsibility taken by gambling companies, the flow of benefits to the economy and society through this industry will continue to expand plus support society meaningfully in a sustainable manner.

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Thais have to go to Malaysia, Singapore or Vietnam if they want to gamble legally at land based casinos, also there are no regulations regarding online casinos that can operate there.
Thailand main income is from tourism, and I think legalize gambling is a wise decision by the Thai gov to bring more income for the country.
I mean why not, because prostitution and marijuana are also legal there Tongue

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Quote from: Dr.Bitcoin_Strange on June 26, 2024, 04:34:38 PM

Well, for the country where gambling is legalized, it contributes in generating revenue for the country through the tax that those casinos are paying. With the new enacted law in some country according to news, some country made it compulsory for gamblera to pay tax too. So, gambling is really generating revenue and it's not a bad idea at all that the prime minister of Thailand decided to approve gambling in the country. The idea is not to only stop illegal gambling, definitely the government will big in a big advantage too, because those casinos will be taxed. I don't even know the reason why any country will ban gambling, meanwhile it's a fun activity that can benefit the country.

True gambling industry both generates tax revenue from the gambling host and gamblers which is very favorable to the government. Aside from these taxes, they also generates jobs to the citizen from the infrastructure construction to customer service jobs which in addition creates more tax to the government.

What is more appealing is that many gambling companies pledge donations to charity institutions which further help support people who are in need. In my country, the gambling industry is one of the major supporters of charity institutions. They provide donations and financial support to people who need funding for their medical care and many other stuff.

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Well, for the country where gambling is legalized, it contributes in generating revenue for the country through the tax that those casinos are paying. With the new enacted law in some country according to news, some country made it compulsory for gamblera to pay tax too. So, gambling is really generating revenue and it's not a bad idea at all that the prime minister of Thailand decided to approve gambling in the country. The idea is not to only stop illegal gambling, definitely the government will big in a big advantage too, because those casinos will be taxed. I don't even know the reason why any country will ban gambling, meanwhile it's a fun activity that can benefit the country.

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Quote from: Russlenat on June 26, 2024, 04:37:47 AM

Quote from: serjent05 on June 24, 2024, 04:03:11 PM

I also think that it is a wise decision on the PM side since it is impossible to stop gambling, so why not take advantage of it for the country's development? Your thought?

They couldn't stop illegal gambling, so why not legalize it? This is a smart decision by the PM. Not only would the government benefit from the taxes generated from gambling, but it would also eradicate the illegal gambling business. Legal operators will work to eliminate illegal operators to ensure their own profits increase. It will then be the government's job to enforce the law by arresting those who operate illegally, which would force them to operate legally. So the strategy is very simple, force the illegal operators to get permits and operates legally, that way their taxes will increase.

Indeed, many countries regularly carry out plans to sweep local areas to completely eliminate illegal casinos, but after all, the revival of these casinos is too simple, instead of spending a lot of resources on such plans, a system of legalizing casinos would save more but once legalized, it also has some impact on society. Besides, tax details also need to be divided properly because quite a few casinos always complain about tax rates, which leads to the spontaneous creation of illegal casinos.

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Quote from: PrivacyG on June 26, 2024, 06:14:13 AM

My opinion. Banning Gambling is as useful as banning Porn. They can try, but as they found out themselves no body will follow the rule particularly if nothing immoral is implied through the action or no body gets any damage out of it besides the Customer.

The government wont' benefit in legalizing porn but they'll get big money when they legalize gambling, so that's the big difference. Well, in my view, watching porn is a sin but gambling isn't, I mean everyday we are like gambling especially if we enter into business, so we need to understand that everything we do that involves money as a risk, in fact, gambling as been my training ground on why I believe more matured in managing my finances.

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Quote from: redsun114 on June 26, 2024, 08:44:32 AM

Quote from: MAAManda on June 25, 2024, 08:12:24 AM

I agree with the Thailand PM, there's a lot of money out there flowing without any of it going to the country treasury, this doesn't just happen in Thailand, this also happens in our country (Indonesia),

That issue right there is actually a global one and this is not only limited to gambling but it also exist in other fields.

Quote from: MAAManda on June 25, 2024, 08:12:24 AM

here gambling is an illegal thing to do, for this reason not a single gambling company or platform is allowed to exist legally.

Didn't knew that gambling is also illegal there but it is worse than Thailand now, although maybe other governments will also look forward on trying the solution done by Thailand. You can only hope, pray and wait for that. It's not an excuse to opt for the illegal ones just because there are no legal ones that exist yet, but if we realize the effects of doing this, I think we can also stop on supporting them. It is also risky in our side because authorities are regularly roving and doing a clearing operation, and those who are involved in it will get punished accordingly.

in fact in these countries the only way to regulate this is to legalize it so as not to give the possibility to any mafias or illegal activities to proliferate within the state, then we know well how prohibitionism works, we know how it went in America with alcohol and in Europe whoever limits something then people will always find a way to do it illegally so that's why they would do better to make it legal and regulate the money flows of these activities

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Quote from: Oshosondy on June 24, 2024, 04:12:29 PM

Quote from: serjent05 on June 24, 2024, 04:03:11 PM

I also think that it is a wise decision on the PM side since it is impossible to stop gambling, so why not take advantage of it for the country's development? Your thought?

If you do not let your citizens to gamble, you are only deceiving yourself because gambling is in the nature of humans. That is why you will see the citizens of the countries where gambling is not legal going to foreign gambling sites to gamble. It is good that Thailand government see this now and know that they should legalize gambling and generate tax from it. Buddhism religion do not totally forbids gambling while they do not also totally support it.

The Thai PM took a very logical decision, so that huge costs went into the state treasury. The Thai PM realized that the flow of gambling funds was greater than the country annual income. If this sector is controlled or given space to operate, legal gambling will also choose to follow because there is freedom to operate so they can maximize income. In other words, the government and the casinos both make a profit, the casinos operate freely wherever they want with guaranteed oversight and the government profits from it. I think casinos in Thailand are slowly choosing to cooperate rather than be eradicated.

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Quote from: MAAManda on June 25, 2024, 08:12:24 AM

I agree with the Thailand PM, there's a lot of money out there flowing without any of it going to the country treasury, this doesn't just happen in Thailand, this also happens in our country (Indonesia),

That issue right there is actually a global one and this is not only limited to gambling but it also exist in other fields.

Quote from: MAAManda on June 25, 2024, 08:12:24 AM

here gambling is an illegal thing to do, for this reason not a single gambling company or platform is allowed to exist legally.

Didn't knew that gambling is also illegal there but it is worse than Thailand now, although maybe other governments will also look forward on trying the solution done by Thailand. You can only hope, pray and wait for that. It's not an excuse to opt for the illegal ones just because there are no legal ones that exist yet, but if we realize the effects of doing this, I think we can also stop on supporting them. It is also risky in our side because authorities are regularly roving and doing a clearing operation, and those who are involved in it will get punished accordingly.

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This makes me remember an article, or a meme (?) about Portugal and its effort to combat drug addiction. CMIIW. Not sure how effective it will be to combat illegal gambling or gambling addiction since the nature is quite different, it is also too soon to know how exactly the legal framework works. If obtaining a license or operating the business is quite restrictive, maybe the number of illegal businesses will stay the same.

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Quote from: Russlenat on June 26, 2024, 04:37:47 AM

Quote from: serjent05 on June 24, 2024, 04:03:11 PM

I also think that it is a wise decision on the PM side since it is impossible to stop gambling, so why not take advantage of it for the country's development? Your thought?

They couldn't stop illegal gambling, so why not legalize it? This is a smart decision by the PM. Not only would the government benefit from the taxes generated from gambling, but it would also eradicate the illegal gambling business. Legal operators will work to eliminate illegal operators to ensure their own profits increase. It will then be the government's job to enforce the law by arresting those who operate illegally, which would force them to operate legally. So the strategy is very simple, force the illegal operators to get permits and operates legally, that way their taxes will increase.

Yeah indeed a smart decision to boost up their economy since by accepting another industry to operate in their country will make them earn addition funds to help their economy to grow. Although there maybe a lot of concerns regarding the welfare of their citizens towards gambling addiction. Then for sure that Thailand government know what they are doing and for provably that before making their plans and drop a decisions towards this they have good study done to combat certain addiction and other negative concerns of people.

For that action they do for sure that those illegal operators will be done since provably people would choose to gamble on government allowed casinos and those businesses owned by illegal operators will be down since no one will trust them for that matters. This is only assumptions so hopefully we can see pure good effects of this decisions done by their government and we will not get a news that there are so many people got addicted on gambling in Thailand.

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Quote from: serjent05 on June 24, 2024, 04:03:11 PM

I believe the Thai PM realized that they are losing for not making gambling legal in their country. I believe it is not to combat the illegal gambling but rather to take advantage of the gambling activities to get more taxes to fund the country's treasury.

If there is a thing or two I learned about Governments, one of them is that they do not care about our Safety as much as they publicly try to make it look like. They care only as long as there is a personal interest implicated too.

-----

My opinion. Banning Gambling is as useful as banning Porn. They can try, but as they found out themselves no body will follow the rule particularly if nothing immoral is implied through the action or no body gets any damage out of it besides the Customer.

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Quote from: Oshosondy on June 24, 2024, 04:12:29 PM

Quote from: serjent05 on June 24, 2024, 04:03:11 PM

I also think that it is a wise decision on the PM side since it is impossible to stop gambling, so why not take advantage of it for the country's development? Your thought?

If you do not let your citizens to gamble, you are only deceiving yourself because gambling is in the nature of humans. That is why you will see the citizens of the countries where gambling is not legal going to foreign gambling sites to gamble. It is good that Thailand government see this now and know that they should legalize gambling and generate tax from it. Buddhism religion do not totally forbids gambling while they do not also totally support it.

Inputting such an illegal gambling policy does not actually guarantee that the masses within the environs will not gamble.

There really online casino gambling by which gamblers can always have access to gambling while in the terrain through the foreign gambling sites and if the government tries to bridge the citizens on that by internet IPs, they can always use a VPN to gain the access.

So, the government will only end up following itselves and not stopping the citizens from gambling.
Although such policy can only minimize the number of active gamblers due to fear to face the law.

But since this Thailand PM has realized its loopholes of slacks, it is a good one to had think otherwise on how they can legalize gambling and make good national utilizations out of it.

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Quote from: Russlenat on June 26, 2024, 04:37:47 AM

Quote from: serjent05 on June 24, 2024, 04:03:11 PM

I also think that it is a wise decision on the PM side since it is impossible to stop gambling, so why not take advantage of it for the country's development? Your thought?

They couldn't stop illegal gambling, so why not legalize it? This is a smart decision by the PM. Not only would the government benefit from the taxes generated from gambling, but it would also eradicate the illegal gambling business. Legal operators will work to eliminate illegal operators to ensure their own profits increase. It will then be the government's job to enforce the law by arresting those who operate illegally, which would force them to operate legally. So the strategy is very simple, force the illegal operators to get permits and operates legally, that way their taxes will increase.

In this example, we see that prohibitions and restrictions do not always bring only positive things; sometimes we need to delve deeper into the essence of the problem and try to predict what the gambling industry can give to the country and its people in particular. Of course, gambling is not the best business, because there will be those who will become addicted to games, but sometimes I think that those who are addicted to the game and want to play, they would find a place where they play illegally.

When introducing gambling into the official space in Thailand, the government should think about building a building for the treatment of gambling addiction and do it right now, because such people will need help and treatment. And this needs to be done with part of the collected taxes from gambling establishments that will feel good about being in a legal field.

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Quote from: Russlenat on June 26, 2024, 04:37:47 AM

Quote from: serjent05 on June 24, 2024, 04:03:11 PM

I also think that it is a wise decision on the PM side since it is impossible to stop gambling, so why not take advantage of it for the country's development? Your thought?

They couldn't stop illegal gambling, so why not legalize it? This is a smart decision by the PM. Not only would the government benefit from the taxes generated from gambling, but it would also eradicate the illegal gambling business. Legal operators will work to eliminate illegal operators to ensure their own profits increase. It will then be the government's job to enforce the law by arresting those who operate illegally, which would force them to operate legally. So the strategy is very simple, force the illegal operators to get permits and operates legally, that way their taxes will increase.

I think that's the strategy they are using. This is not the only country planning to legalize gambling; even in other countries where gambling is illegal, they see that they are losing because stopping gambling is almost impossible. With just one click online, you can find a lot of casinos to play at. Although these casinos are legal, they are not paying taxes to the governments where they are attracting gamblers. By running legitimate casinos that operate within the same country, people will not look elsewhere. This way, they can support their own country since a part of their losses will go towards the development of the country.

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Quote from: serjent05 on June 24, 2024, 04:03:11 PM

I also think that it is a wise decision on the PM side since it is impossible to stop gambling, so why not take advantage of it for the country's development? Your thought?

They couldn't stop illegal gambling, so why not legalize it? This is a smart decision by the PM. Not only would the government benefit from the taxes generated from gambling, but it would also eradicate the illegal gambling business. Legal operators will work to eliminate illegal operators to ensure their own profits increase. It will then be the government's job to enforce the law by arresting those who operate illegally, which would force them to operate legally. So the strategy is very simple, force the illegal operators to get permits and operates legally, that way their taxes will increase.

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Quote from: LogitechMouse on June 25, 2024, 11:33:04 PM

You already said it. Gambling can't be stop so it would be better for them to just take advantage of it. In that way, these gambling casinos can help the country as well through paying taxes. In our country, the corporation that's handling the gambling casinos shared in their website that they earned a total of $1.3B in taxes, and half of it will be going to the government.

Anyway, they really are losing big time for not making it legal, and I don't also think that legalizing gambling in Thailand will make illegal gambling disappear.

It is better to say that a gambler wont notice any difference of pre and post gambling legalization periods. They will still gamble in the same casinos they gambled before. I doubt that casinos will, for example adjust house edge, if they would have to pay taxes now. The only differences would be advertisement appearance, and maybe tourists will feel more safe if they gamble.

Topic: Thailand to Legalize Gambling To combat Illegal gambling or.... - page 3. (Read 752 times)