Bangkok: Lawyers support the entertainment complex, pointing out that it is not a center for ‘gray business’ but will help develop the economy, tourism, and manage the underground gambling problem. Meanwhile, the spokesman of the People’s Party confirmed that he does not agree with the entertainment complex because the benefits it will have for the economy are not clear.
According to Thai News Agency, Inside Asian Gaming, a leading media outlet on the entertainment industry in Asia, held a roundtable discussion on Thailand’s integrated entertainment venues. Mr. George Tenasijevic, former chairman and CEO of Marina Bay Sands, Singapore, revealed that the entertainment complex could be one of the biggest investments in Thailand’s history because it will have an impact on the economy and the labor market, which the government will have to communicate and plan to overcome public misunderstandings. He believes that trust and transparency in implementing this project will be the guideline for the entertainment complex to happen in Thailand.
Mr. Weerapat Pariyawong, a lawyer and advisor to the House of Representatives’ Finance and Treasury Committee and founder of VLA Law Firm, said that the government’s integrated entertainment project, which is about to be considered by the House of Representatives in the first reading in July, is not something that Thailand has had experience with before. It is necessary to learn from neighbors and listen to opinions from various sectors. The legal framework being considered does not use the word ‘casino’ but rather ‘integrated entertainment complex’, which not everyone can open or invest in due to high conditions. The project aims to develop the economy, boost tourism, and manage underground gambling dens.
Mr. Weerapat also noted that the process has not yet reached the stage of officially considering the bill. Current discussions are based on a draft study from a parliamentary committee. He emphasized the importance of addressing social and academic concerns to refine the project. He argued that unlike the common perception of casinos, the focus is on creating an entertainment complex to attract investment and address underground gambling issues.
Addressing concerns about potential gray business and money laundering, Mr. Weerapat stated that such informal money systems already exist, and the goal is to integrate funds back into the system rather than perpetuate arrests that have not resolved the issue.
Contrastingly, Mr. Parit Wacharasindhu, spokesman for the Prachachon Party, expressed opposition to the project, citing unclear economic benefits and potential social impacts like gambling addiction and money laundering. He pointed out that the project lacked public trust and was not part of the election campaign promises.
The People’s Party spokesman criticized the government’s claim of private sector interest, arguing that a balanced approach has not been achieved. He mentioned the government’s previous attempts to pass the Integrated Entertainment Act and its expected reintroduction in July.