Author: Ivan MostovoyUpdated
Gambling in Thailand is an independent business niche in the Asian market, on which many people have been speaking on lately. Why it happens and what potential investors can count on you can find out in this article.
Today, gambling in Thailand is in a “semi-legal” state. Some gambling areas are permitted and controlled by the government, while others are strictly prohibited:
The illegal market in Thailand is growing rapidly. Here, you can play slots or try your luck at the poker table. The most popular card game is baccarat.
Experts believe that the shadow business in the country will grow further if the authorities do not take drastic measures. Thus, it is possible to follow the example the “neighbours” ― Japan or China ― and open several integrated casino resorts with all the related infrastructure. This is a great option because now, gambling in Asia is on the rise.
The influx of popularity of the gaming industry took place after the publication of several statistical reports. Specialists from the Business Development Centre and the Thailand Gambling Office conducted a large-scale study of the preferences of residents and found out the following points:
22.7 million Thais buy state lottery tickets; another 7.7 million place bets on horse racing.
As for illegal gambling, 17.7 million participants are involved in it. About 25% of Thais prefer card games and casino slot machines, and the remaining 75% opt for various lotteries.
The average age of those who purchase lottery tickets in Thailand is 20 years. At the same time, only 210 thousand players were diagnosed with ludomania, which is a small percentage of the total population.
1.1 million Thais have gambling-related debts. The total debt is estimated at 353 million dollars.
If you look at the Thai market through the prism of the profit from gambling, the picture will be even more attractive.
Form of activity
Total profit for 2019, in billions of dollars
Legal operations, including:
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Illegal operations, including:
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The profit from the legal market is only 2.1 billion dollars higher than the profit from shadow operations. Analysts predict that by 2024, these figures will be equal.
Analysing the structure of income, we can conclude that all gambling directions generate almost the same revenue.
The segment of casinos and virtual slots is a bit less profitable (in 2019, it generated only 3.3 billion dollars). At the same time, most experts believe that the share of Internet businesses will show active growth in the next five years.
The Asian region is considered to be a profitable platform for investment. The Thai market is a bit pale in comparison with such rich countries as Japan and China but analysts have high expectations from gambling in this country.
In the coming years, the market is going to face a number of changes:
The Thai gambling industry is attractive in terms of investing and profit earning in the shortest possible time. The market is not glutted yet by large corporations, like in the neighbouring countries ― China and Japan. Therefore, many operators have a chance to occupy their niche and open their own business here.
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