Visanu Vongsinsirikul

    Visanu Vongsinsirikul is a Lecturer in Economics from the College of Innovative Business and Accountancy of the Dhurakij Pundit University in Thailand. He has a Ph.D. in Economics from the University of Birmingham in UK. Research interests include development economics and political economy.

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    Thai authorities see success in World Cup crackdown…industry less so

    Visanu Vongsinsirikul is a Lecturer in Economics from the College of Innovative Business and Accountancy of the Dhurakij Pundit University in Thailand. He has a Ph.D. in Economics from the University of Birmingham in UK. Research interests include development economics and political economy.

    Casino reform push gathers steam

    The push to legalize casinos in Thailand appears to be gathering momentum, though experts say any reforms are unlikely to have much of an impact on the thriving illegal market, which is estimated at more than $5 billion a year. Academics in the country, who focus on gaming, say there is increasing confidence that the issue of casinos will be raised again after the next general election, expected in late 2018. It would be the  most significant step in gaming industry reforms since Thailand became a constitutional monarchy in 1932. 

    Online lottery key to distribution reform?

    Thai government efforts to reform its multi-billion dollar state lottery appear to be making little headway, with experts saying some of the fundamental problems are unlikely to be resolved until an online system is introduced. The military government, under Prime Minister Prayut Chan-o-cha, promised to overhaul the lottery to break the power of powerful distribution syndicates, known as the Five Tigers, and bring down ticket prices, but so far it has not been successful. 

    Thailand eyes casino windfall

    Thailand, whose conservative Buddhist society has long been opposed to gambling, has again renewed the debate over legalizing casinos as the government eyes a potential boost to tax revenue and tourism numbers. The discussion comes amid signs the public view may be changing, with surveys pointing to growing support for legal casinos, which could generate more than $2.7 billion in annual tax revenue and boost foreign tourist arrivals by up to 50 percent, according to recent studies, backed by the Thai Excise Department.

    Thailand mulls increasing lottery ticket volume to break Tigers’ grip

    Thailand’s Government Lottery Office (GLO) may double the number of tickets on sale as part of its ongoing efforts to set the retail price of lottery tickets and to break the grip of the major distributors who have forced up street prices.The proposal, put forward by GLO chairman Aphiratch Kongsompong, is among the steps being taken by the government agency to reform the popular bi-weekly lottery since the military came to power in May last year.

    Las Vegas Sands eyes Thai casino, but faces uphill battle

    Las Vegas Sands’ Chief Executive Officer, Sheldon Adelson, has offered to spend up to US$6.0 billion on a 450-room entertainment and casino complex in central Bangkok, but local support is far from certain, even though some senior figures have thrown their weight behind legalizing gambling in the Kingdom.
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