Thai University Study urges casino reform

    Published in: Latest IntelligenceThailand should legalize casinos and reform its antiquated gambling laws to gain a share of Asia’s booming gambling market, a study from an influential Thai university has recommended.The Chulalongkorn University’s Social Research Institute published its report in Thai at the end of last year. It comes as several Asian markets, notably Japan, Taiwan and South Korea, prepare to legalize or expand gaming.In an assessment that included the regional outlook, the Institute’s report pointed to how the Asia-Pacific region now ranks as the world leader in the casino business, with its share of the global market expected to reach 43 percent by 2015, ahead of the United States with 40 percent (PwC).According to the study, Thai casinos should be governed in line with rules in place in other countries and any reform should contain measures to protect Thai nationals from gambling excesses. It gave no specific examples...

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