The casino situation in Thailand: prospects and challenges
Gambling in Thailand has long been a topic of much discussion. On the one hand, the country is proud of its Buddhist culture, which instills specific moral values in Thais. Although Buddhism does not prohibit gambling, it does not encourage it. The official stance of the state towards gambling is relatively restrained.
However, despite these restrictions, gambling in Thailand reaches 18.3% of Thais, according to a 2022 study by TGM Research. This suggests that Thais are involved in gambling even though there are around 200 illegal gambling establishments operating in the country. Notably, the most popular casino game is the plinko machine.
In addition, locals often use black offshore sites or travel to neighboring states where gambling is fully legalized. The popularity of online casinos in the country is growing year after year. This happens due to the variety of gambling entertainment. The latest data shows the increasing popularity of the plinko game. This arcade with simple gameplay has won the hearts of gamers in many countries around the world. And if you go to the most extensive review site PlinkoGames in India, you can see dozens of famous casinos with this game. In most of these casinos this game is in the top of user preferences.
Impact of tourism on the gambling market
It should not be forgotten that in addition to local players, Thailand attracts many tourists. The Thai economy, especially the trade and service sectors, is heavily dependent on tourism, which has been active since the 1980s. Tourists from neighboring countries where gambling is banned, such as China, often come to Thailand with the intention of playing blackjack, roulette or other gambling games on the gaming tables.
Given the population and the flow of tourists, Thailand has the potential to become a vast gambling market. The involvement of major operators such as Hard Rock International and Las Vegas Sands confirms this. Building a regulatory environment similar to Singapore’s will only increase investor interest and ensure the gambling industry thrives.
Potential and challenges
The casino industry in Thailand has huge potential. Thai players may prefer card gambling and sports betting, such as soccer and cockfighting. Attracted by tourism and the helpfulness of local operators, gambling could become an essential part of the country’s economic mosaic.
Nevertheless, it is also worth noting the challenges to be faced. Creating a sustainable and friendly regulatory environment will be critical to the successful growth of the gambling industry. Overcoming existing challenges and uncertainties will determine whether Thailand can compete in the global gaming market.
