Thailand’s casino bill is set to be submitted to the cabinet for approval on March 4, according to a report.
News outlet The Nation cites a Government House in revealing finalised details of the legislation.
The bill reportedly mandates that business operators must have at least TBH10bn (£) registered capital and have at least 51 per cent ownership from Thai nationals.
Business permits will be valid for 30 years and companies can seek renewal every 10 years.
The Nation says the permit fee will be THB5bn (£) plus a renewal fee of THB1bn (£) per year.
The report also sets out the bill’s casino visitation rules, with Thai nationals set to have to pay THB5,000 for entrance. Customers must be 20 years old and have BHT50bn (£) in the bank.
The last round of online public hearing on the Entertainment Complex Business Act is reportedly set for March 1.
