Thailand to Legalize Gambling To combat Illegal gambling or.... - page 5.

Lida93

hero member

Activity: 938

Merit: 605

Leading Crypto Sports Betting & Casino Platform

Quote from: serjent05 on June 24, 2024, 03:03:11 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:
Thai PM: Legalise gambling to tackle existing illegal gambling

I clicked the link you provided to the article it didn't load instead, the message I got was: blank#blocked. Wanted to read more of the story myself.

From the little insight provided in the Op it's obvious to note that the sudden change of mind by the government in legalizing gambling in the country isn't due to how people still gamble despite it been proscribed as illegal activity by the government but as a result of the money the government could be deriving from the gambling industry under a legal stand.

The gambling industry is one of the major multi-billion industries right now in the world which in no distant time it will be majoring in trillions due to the increasing number of gamblers each passing year and any government that choose to keep off from acting as a regulatory agency will not only be losing in it's position as a regulator but in the money that would have accrued as taxes to the government.

It's a wise policy move by the Prime Minister and this will ultimately add a boost to the country's treasury which will utterly be channel to affect positively some infrastructure in the country.

Assface16678

full member

Activity: 1484

Merit: 136

★Bitvest.io★ Play Plinko or Invest!

Quote from: _act_ on June 25, 2024, 05:59:50 AM

Quote from: satscraper on June 25, 2024, 05:51:19 AM

Legalization is welcomed but I'm clear in my mind that illegal gambling will survive for at least nearest decade when this entails such country as Thailand. Underground betting over there ( plus some strange gaming activities like those which are bound with the funerary rites at some locations) has a long history of development that can not be overcome by epy single-stage intervention from government body.

At least people will start seeing many people that want to have a gambling platform in the country which can be easily accessible for the citizens to access. It is possible that some people may want to evade tax and some gambling platforms may also want to evade tax but if gambling is legalized in the country, government will generate more tax. Having little is better than having nothing. But despite that there could be few existing illegal gambling platforms in the country, it is not small amount of money that their government will generate from gambling taxes.

It's true that no matter what legalisation Thailand does for gambling activities or gambling-related things, there will still be casino owners or operations that choose to be illegal. As you've said, the tax on a casino platform or establishment is not a joke and is normal because there are a lot of people coming inside a casino platform or establishment. It's just that there will be owners who are so greedy that they will not want to comply with the government and get taxed. One example of something that could also be a problem even if gambling became legalised in Thailand is that those casino owners who are not Thai citizens are complicating. In my country, this kind of scenario is common; we call it "pogo." They are online casino operators that are operating in our country illegally without complying with the country's rules and, of course, taxes. So I think there should also be laws about foreign operators in different countries to strengthen security so no one could operate illegally.

Jawhead999

legendary

Activity: 1862

Merit: 1209

This is bad (for the casino) because if Thailand want to legalize gambling, they might ban unauthorized casino too. Most of casinos in this forum are unauthorized casino because they didn't follow regulations in every countries they allow to gamble. Curacao license is almost nothing, it just only to make the gamblers feel safe.

So, if Thailand only allow their citizen to gamble on authorized casinos where the casinos follow Thailand regulation, accept Baht and pay the taxes, they will treat Curacao licensed casino is illegal.

_act_

legendary

Activity: 1064

Merit: 1298

Lightning network is good with small amount of BTC

Quote from: satscraper on June 25, 2024, 05:51:19 AM

Legalization is welcomed but I'm clear in my mind that illegal gambling will survive for at least nearest decade when this entails such country as Thailand. Underground betting over there ( plus some strange gaming activities like those which are bound with the funerary rites at some locations) has a long history of development that can not be overcome by epy single-stage intervention from government body.

At least people will start seeing many people that want to have a gambling platform in the country which can be easily accessible for the citizens to access. It is possible that some people may want to evade tax and some gambling platforms may also want to evade tax but if gambling is legalized in the country, government will generate more tax. Having little is better than having nothing. But despite that there could be few existing illegal gambling platforms in the country, it is not small amount of money that their government will generate from gambling taxes.

satscraper

hero member

Activity: 714

Merit: 1298

Legalization is welcomed but I'm clear in my mind that illegal gambling will survive for at least nearest decade when this entails such country as Thailand. Underground betting over there ( plus some strange gaming activities like those which are bound with the funerary rites at some locations) has a long history of development that can not be overcome by epy single-stage intervention from government body.

crwth

copper member

Activity: 2940

Merit: 1280

https://linktr.ee/crwthopia

The perspective on having possible income with gambling being legalized in their country is significant for sure. I think it's important to have to look at the negative issues that could be brought about by gambling. Imagine the addiction of people and that could result in society.

An open discussion by the people of Thailand would definitely be the deciding factor IMO. It should be seen by everyone.

aioc

hero member

Activity: 2926

Merit: 567

The main purpose of legalizing gambling is to weed out illegal gambling because the government is using its manpower and money, and corrupt people like politicians and police are the ones who benefit from the bribe money.
Just imagine the government spending money to haunt and prosecute these illegal gamblers, but the government is not getting anything.
When a type of number games are illegal in our country, so many politicians and police officials make a lot of money from protecting these illegal gambling.

The Thailand PM did the right thing. The people of Thailand should be the ones to enjoy the money from gambling as a form of tax.

Darker45

legendary

Activity: 2576

Merit: 1860

This might be the best way to go for them. If their 1935 Gambling Act, however strict, hasn't been successful in curbing gambling, they might as well legalize it. Gambling is openly existing everywhere despite the law anyway.

I agree with PM Thavisin that if they want to control gambling, it would better be done by legalizing it rather than banning it. Not to mention the huge revenue that the country would benefit from legalizing gambling.

In addition, Thailand has been receiving tens of millions of foreign tourists per year. Legalizing casinos might bring in more of them. Besides the revenue, this could also mean tens of thousands of jobs.

Alphakilo

sr. member

Activity: 560

Merit: 265

It's a wise move that would go a long way to help Thailand's economy just as it does Brazil, of whom adopted and legalized gambling because they couldn't stop or restrict gambling activities. Brazil taxes Its citizens who gamble almost about as compared to others after a win and what's to note is that it doesn't matter how much one wins.
While it is a good strategy to grow the economy, it also aims to discourage those who have made it their source of income to go and find alternatives instead of relying on gambling wins for livelihood. It also aims to enforce age restrictions for underaged gamblers who should be in school learning or plying trades that are more better in rewards and pay.

coin-investor

hero member

Activity: 3024

Merit: 614

Leading Crypto Sports Betting & Casino Platform

Quote from: serjent05 on June 24, 2024, 03:03:11 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.

This is the reason why our government does not want to outlaw gambling, gamblers will go underground, and the corrupt officials are the ones who are going to make money from bribes and extortion; it was done before in our local game color game, and the corrupt officials and police are the ones who benefited from the bribes and extortion money and the government can't keep up catching these illegal gambling operators.
Since they legalized gambling our country has made billions, they able to build hospitals and infrastructures and they also regulate the gambling industry and protect the betting public

Quote

I also think 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?

He made the right decision, and one of the considerations is if a country has traditions that involve gambling it is hard to outlaw these traditions, the only way is to regulate it protect the betting public, and use the taxes for the welfare of the people, our government did just that and its one of the country where legalizing gambling has been a success

btc_angela

hero member

Activity: 2660

Merit: 551

Quote from: Nrcewker on June 25, 2024, 12:52:36 AM

This isn’t something new. We have already seen nations making gambling legal in order to impose tax on it and make money from it. They impose a heavy tax and hence get benefited if a gambler makes good money. To avoid this, we have also seen gamblers switching to crypto gambling with platforms where KYC is not mandatory. Let’s see how the Thai people will react to this. This news is good for crypto enthusiasts, as more people will be joining the crypto industry to make bets with cryptocurrencies.

It's not new but the thing is that Thailand is predominantly Buddhist, and if I'm not mistaken, if could be against their religion that's why it's a big surprised for the government to be as liberal as in this new generation.

Nevertheless, the government might have been thinking of the benefits of having gambling legalized for tax purposes and jobs and as what others say to attract foreign investors to their county. So everything is on the positive side for them and maybe it's the best decision their government is going to make and so that the tax that they will get can be used for other projects as well.

danherbias07

legendary

Activity: 3346

Merit: 1134

Leading Crypto Sports Betting & Casino Platform

Indeed it will be a wise decision. If illegal gambling cannot be controlled anymore and whatever the government does cannot stop it, then just legalize it. That way the government will make some money through taxes and that way they can also monitor every gambling movement within their country.
It's not like illegal gambling can be stopped easily because gamblers and those who own them will always find a way to do it while they are hidden.
Maybe this could also minimize the number of gamblers in their place because once it's legitimate/legal, it will mean the minimum bets could increase and it will become expensive for them.
Those who cannot afford it have a chance to just stop and let it go.

bitbollo

legendary

Activity: 3276

Merit: 3537

Nec Recisa Recedit

it's ok to legalize gambling but a whole series of controls are certainly needed in order to avoid fraud, compulsive gambling, addiction and anything else wrong linked to gambling.
it is true that in recent years this nation has taken a different attitude, going to "manage" sectors that were previously unmanaged or just linked with illegat activities (see also the legalization of soft drugs, unique within Asian countries)

Yaunfitda

hero member

Activity: 2870

Merit: 594

Quote from: bering on June 25, 2024, 02:17:17 AM

As far i know in Thailand Horse racing and Lottery are legal but they are still regulated by the government but indeed sport betting and casinos are still illegal and indeed one of Thailand main reason why they considering want to legalized gambling is to combat illegal gambling which the development is very rapid in this country besides that i am sure Thailand want to get more taxes to fund the country's treasury because they are still needed money for infrastructure development but besides that Thailand was targetting 40 Million Foreign Tourists during this year and Thailand feel if the casinos are legal then it can attract Foreign tourists to visit Thailand more and potentially Thailand will get a lot of revenue from foreign tourist visits but i think this is good moved because if they are able to do that then Thailand will be the first country from Southeast Asia to legalize gambling

Yeah, just like any countries, legalizing gambling has the benefit of tax, combat illegal gambling and then attract tourist although they are already known for their great beaches but still they need more tourist to bring more money to their economy. And I'm thinking legalizing gambling meaning they will have to let foreigners build casinos in their country so it will take years before that one will come into fruition. But obviously they are looking for the long term goals as the articles says it will add up at least $300 million in their revenues so that is good already. So we knows, they could be the next gambling den in Asia. However, they will be not the first, remember that we have Macau already as the Vegas of Asia and in the Philippines and Singapore there are casinos as well.

bering

legendary

Activity: 2898

Merit: 1006

Leading Crypto Sports Betting & Casino Platform

As far i know in Thailand Horse racing and Lottery are legal but they are still regulated by the government but indeed sport betting and casinos are still illegal and indeed one of Thailand main reason why they considering want to legalized gambling is to combat illegal gambling which the development is very rapid in this country besides that i am sure Thailand want to get more taxes to fund the country's treasury because they are still needed money for infrastructure development but besides that Thailand was targetting 40 Million Foreign Tourists during this year and Thailand feel if the casinos are legal then it can attract Foreign tourists to visit Thailand more and potentially Thailand will get a lot of revenue from foreign tourist visits but i think this is good moved because if they are able to do that then Thailand will be the first country from Southeast Asia to legalize gambling

Sg4j1n3ll0

sr. member

Activity: 406

Merit: 330

they are right to legalize gambling considering that prohibitionism never led anywhere I would say that the wisest decision is to legalize gambling and return money to the state coffers that would have been lost anyway because let's face it, people like to bet and if in the state they live in it is illegal to do so they will do it illegally so this is how you can regain control of the situation, in fact I don't understand why it is illegal in some countries, if someone explains it to me it would be great Cheesy

Frankolala

hero member

Activity: 896

Merit: 586

Leading Crypto Sports Betting & Casino Platform

The Thailand government have just woken up from their slumber after they have realized that they cannot stop anyone from gambling but only in the or country. It is a good that they have decided to make it legal so that the government can also benefit from it, instead of trying to stop what is not possible to stop.

I believe this will bring joy to the gamblers in Thailand and will also encourage more people to gamble in the country. Online gambling made more people to gamble illegal.

Kelward

sr. member

Activity: 588

Merit: 338

Quote from: serjent05 on June 24, 2024, 03:03:11 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?

This is a typical case of can't beat them join them, the Thailand, PM has realized that not accepting the fact that their citizens have embraced gambling is a lose for their economy. I applaud his decision to legalize gambling in their country, so that the government can generate income from the vibrant industry, instead of watching their citizens to gamble illegally that will not benefit the economy. I don't understand the prejudice against gambling, people take risks everyday, it's part of the human nature to gamble.

retreat

sr. member

Activity: 1106

Merit: 391

From what I know, Thailand is one of the countries in ASEAN that is quite "free", so it is not surprising that they legalized gambling in their country. The legality of gambling will also benefit them, because there will be a lot of taxes that they can absorb and also attract investment into the gambling sector in that country which will be able to improve the economy in that country. However, with the legality of gambling, it will increase the risk of gambling addiction in people and the Thai government must really pay attention to this because the impact can be quite serious.

dansus021

copper member

Activity: 2156

Merit: 983

Part of AOBT - English Translator to Indonesia

Thailand to Legalize Gambling I don't know about this but like you have said earlier that legalizing gambling can bring billions of dollars into the pocket of the government and then can use the money for something else like building a bridge school, etc. But the problem is It will do combat illegal gambling but gonna bring other problems to countries one of example is people who are addicted to gambling would be very massive in my opinion.

Here in Indonesia gambling is considered as an illegal business but so many people are involved in this. I don't know whats gonna happen if Indonesia start legalizing gambling. Secondly, the government need to set up some new rule like age restrictions by using KYC while signing up or even more strict like the citizen of thailand cant join the gambling party and only foreigner can play.

Topic: Thailand to Legalize Gambling To combat Illegal gambling or.... - page 5. (Read 843 times)