Gambling is a huge industry, and it is constantly growing. In fact, did you know that the global gambling market is expected to reach $533.8 billion by 2020? That’s a lot of money. As more and more people become interested in gambling, countries around the world are fighting to become the next major gambling hotspot. Thailand is one of those countries. Pretty exciting stuff, isn’t it? Let’s talk details below.
The Number of Casinos in Thailand
Thailand’s casinos are prolific because of the local government’s relaxed laws. There are currently 15 casinos in Thailand, with more on the way. The government is working hard to make Thailand the next major gambling hotspot in Asia, and they’re doing a great job so far by bringing modern games like Slot Shark and Queen Pinball. In fact, many experts believe that Thailand has the potential to overtake Macau as the top gambling destination in Asia.
The Thai Gambling Market
The Thai gambling market is worth an estimated $15 billion, and it’s growing rapidly. In fact, the market is expected to grow by almost 20% in 2020. This growth is being fuelled by the country’s rapidly growing economy and the increasing number of tourists who visit Thailand each year.
Compared to other countries in Southeast Asia, Thailand’s gambling market is relatively mature. This is largely due to the fact that gambling has been legal in Thailand for a long time. In addition, some casinos are specifically targeting Chinese players. As China’s economy slows down, more and more Chinese players are looking for opportunities to gamble offshore.
The Challenges Facing Thai Gambling
Despite the impressive growth of Thailand’s gambling market, there are a number of challenges that the industry faces. One of the biggest challenges in taxation. The Thai government is in the process of drafting new laws that will impose a 15% tax on casino profits. This could harm the country’s gambling industry.
Another challenge is the lack of qualified staff. The majority of casino staff in Thailand are not well-trained, and they often lack the necessary skills to provide good customer service. This can lead to negative customer experiences and ultimately lower profits for casinos.
The Future of Thai Gambling
Despite these challenges, the future looks bright for Thai gambling. Thanks to the country’s relaxed laws and growing economy, the gambling industry is expected to snowball in the next few years. This growth is likely to benefit both casinos and players alike. So, if you’re looking for a place to gamble, Thailand should definitely be on your radar.
