Transcript of the above video:

As the title of this video suggests, we are discussing the prospects of a Casino Commission here in Thailand. This came to my attention from a recent article in the Nation, that is nationthailand.com, the article is titled: Government Gazette announces setting up of a "casino committee". Quoting directly: "The Government Gazette on Thursday published the announcement of the House of Representatives on "Setting up an extraordinary commission to consider the opening of an entertainment complex, collecting income and tax from businesses and to prevent and solve illegal gambling problems." 

So I thought this was rather interesting this notion of an Extraordinary Commission to discuss this whole thing. I have discussed this at length in other videos. Currently there is legal gambling in Thailand most notably certain aspects of racing; certain sporting events as well as lotteries but it is very constricted and under very limited circumstances aside from the lottery which is a pretty broad gaming function, or gaming facility I should say but it is under pretty limited circumstances so a casino commission would be a pretty major step in a new direction. 

Now I find it interesting that within this it is noted "collecting of income and tax" and that is the name of the game isn't it at the end of the day? Tax revenues is something Governments are always going to be concerned about and quite frankly casinos can be a major, if you will, a major source of tax revenue on top of income to be generated which depending on how they are set up, may accrue directly or indirectly to the government as well. So under present circumstances here in 2022 where the economic prospects have not been particularly great, I could see where there are favorable winds if you will for legalized casino gambling here in the Kingdom of Thailand.