Thailand considers legalizing casinos
This is a Thailand news story, published by CNBC, that relates primarily to Bangkok Post news.
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Thai casinosCNBC
•Macao did it. Singapore too. Now Thailand looks to build casinos to attract tourist dollars
87% Informative
Thailand is working on a new game plan to boost foreigner arrivals and increase tourism spending.
The strategy has worked for Macao and Singapore , with two successful 14-year-old casinos.
If the law gets passed, Thailand 's casinos could generate 187 billion Thai baht ( $5.5 billion ) in revenues, or 1% of the country's GDP.
Thai citizens wishing to enter casinos in their country must pay an entrance fee of 5,000 Thai Baht ($ 147 ) A draft of the Entertainment Complex Act published by local media Bangkok Post in August stated that Thai citizens must pay $ 147 .
Admission for foreigners will reportedly be free.
Macao 's casinos still remain top, but Singapore casinos bring in $2.53 billion .
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