BANGKOK (Bloomberg): Thailand’s government will withdraw a controversial bill to legalize casinos from parliament following mounting public opposition and a fresh bout of political turmoil that has reduced the ruling coalition’s majority.
A motion to withdraw the so-called "entertainment complex” bill from the current session of parliament will be raised on July 9 when it was previously slotted for consideration, government whip Visuth Chainaroon told reporters on Monday.
The cabinet will likely approve the withdrawal plan when it meets on Tuesday, Visuth said. It’s not clear yet whether the government will reintroduce the bill at some point in the future, he said.
The government had earlier indicated that it would delay the introduction of the bill - set to be the first major agenda after the House of Representatives reconvened last week - saying it needed more time to communicate with the public and address their concerns about problem gambling and money laundering.
"We’re not pulling it out of fear or anything,” Visuth said. "We’d just like to communicate with the people first on the issue and clear any lingering doubts.”
PM Suspension
The move to pull the bill came after the ruling alliance was pushed to the brink by the exit of Bhumjaithai Party, which had opposed the bill, and the suspension of Prime Minister Paetongtarn Shinawatra for an alleged ethical misconduct.
Paetongtarn also faces other legal challenges after coming under fire for a leaked phone conversation with former Cambodian leader Hun Sen, in which she was critical of the Thai army’s role in an ongoing border standoff with the neighboring country.
Without a clear majority, the government may face challenges in passing controversial or essential bills that have been lined up in the coming months. The budget bill for next fiscal year from October is also expected to be taken up for the second and third readings in August.
The move is likely to frustrate foreign investors interested in developing casinos in Thailand as part of big entertainment complexes. The proposed legislation promotes these projects as a means to attract investment and boost tourism - a sector that is crucial to the Thai economy, employing one in five Thais and contributing roughly 13% to the nation’s gross domestic product.
Major operators such as Galaxy Entertainment Group Ltd., MGM Resorts International, Las Vegas Sands Corp., Wynn Resorts Ltd., and Melco Resorts & Entertainment have previously expressed interest in setting up integrated resorts in Thailand.
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