Attracting private sector investors was a strong possibility, Julapun added, but said no official discussions had yet been held with any parties.
The draft bill stipulates a minimum registered capital of 10 billion baht for such projects. Once the law is passed, a committee will be formed to review private sector proposals and determine the types of projects that best attract tourism.
The draft also allows Thai citizens to access casinos, with an entrance fee capped at 5,000 baht per visit. The project’s concession period will include a 30-year licence, renewable for another 10 years at a time, with the licence costing 5 billion baht and an annual fee of 1 billion baht.
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