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I discovered the site GURU Slots – Here you can choose a casino and win a couple of hundred dollars! In Southeast Asia, Cambodia, Singapore, Myanmar and the Philippines have legalised casinos, some of which are located on the other side of Thailand’s borders, catering overwhelmingly to Thai and Chinese customers, many on weekend junkets. The conclusion of a public hearing conducted online over a bill to establish a “mega entertainment complex” housing a casino showed 80% of participants agreed with the plan, Deputy Finance Minister Julapun Amornvivat said.
The decision of the Bank’s prudential arm to take the foot off Basel brakes is correct. But if the UK wants a vibrant and competitive banking sector, that feels able to address lagging private sector investment and lacklustre productivity, there is a strong case for further liberalisation. But as is often the case, the enforcers overdo it. Reforms such as improved deposit insurance of £85,000 in the UK, the separation of consumer from casino banking and stronger capital requirements have proved sensible.
Paetongtarn’s ruling Pheu Thai Party has argued Thailand has fallen behind its neighbours in the gaming industry. Her father Thaksin is widely seen as a major force behind her government and in a dinner speech last month backed the casino plan, noting the potential benefits from regulating and taxing online gambling and formalising the larger underground economy. (Reporting by Chayut Setboonsarng and Panarat Thepgumpanat; Editing by Martin Petty) Tough capital ratios have produced bad outcomes.
More risky and long-term lending has been hived off to the non-bank sector, such as private equity, where there is little transparency. Lending is never going to be risk-free. One of its first advocates was influential billionaire former premier Thaksin Shinawatra, whose youngest daughter Paetongtarn Shinawatra was sworn in as prime minister last month. Her ally and predecessor, Srettha Thavisin, was the main proponent of the latest casino push but was removed from office by a court decision last month.
Several Thai governments have pushed to legalise gambling before to try to boost jobs and state revenues and draw more foreign tourists, but each attempt met pushback from conservatives in the Buddhist majority country. China’s property market… End of the golden age of iron ore? Tesco loses Supreme Court legal battle over plans to ‘fire… The buzz is back: John Lewis boss eyes higher profits as he… Boots appoints ex-shop floor worker to take helm as US owner…
This does not affect our editorial independence. These deals are chosen by our editorial team, as we think they are worth highlighting. * Affiliate links: If you take out a product This is Money may earn a commission. BANGKOK, Sept 5 (Reuters) – Thailand’s new government will move ahead with plans to introduce casinos after a public hearing showed strong support to create a big entertainment complex offering gambling, a senior official said on Thursday.
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