Thai gambling law reform faces opposition

    Published in: Latest IntelligenceA proposal to reform Thailand’s antiquated gambling laws to bring them up to speed with the explosion in online gambling in recent years is meeting stiff resistance. Currently Thailand’s betting system is highly restricted and gambling is only legal through the State Lottery or at the Royal Bangkok Sports Club.However, the government of Prime Minister Yingluck Shinawatra brought a law reform bill before parliament in 2011 hoping to broaden legislation, which has been in place since 1935, to allow for a wider range of games. The proposals include a two-digit lottery and other unspecified offerings.The proposed reform may go some way to helping the government net a portion of the proceeds from Thailand’s massive underground gaming industry which, at an estimated $3.23 billion, is worth more than the official government lottery with funds of $2.48 billion.But the bill has stalled in the face of...

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