Thailand’s casino legalization faces scrutiny over the integration of politicians in regulatory processes, raising concerns about professionalism in oversight, while presenting a significant opportunity for substantial revenue growth.
Involving politicians in Thailand’s regulatory process for gaming raises concerns about the effectiveness of attracting global gaming names, as highlighted by Muhammad Cohen. Amid the rapid backdrop of Thailand’s casino legalization debate, a crucial aspect of the proposed gaming law is often overlooked, revealing the authorities’ vision for integrated resorts.
The draft law suggests a policy committee headed by political leaders, which includes various cabinet members and other key officials. While some industry experts view this political influence as standard, others worry about potential biases influencing regulatory decisions.
Experts like Andrew Klebanow and Peter Cohen express mixed feelings about the intertwining of politics and regulation. While some believe political appointees could lead to compromised regulation, others argue that expertise and experience can still support effective governance in gaming, potentially ensuring accountability despite political affiliations.
Source : Thailand blazes new regulatory trail
