- August 12, 2022
Since 2019, the Chinese government has vigorously suppressed the online gambling platform industry, and the industry has gradually shifted to the Southeast Asian market. Various white label markets have launched Southeast Asian White Label Gambling solutions, and Thailand has become a popular location in the online gambling market among many southeast Asian countries. The popularity of Thailand's gambling market stems from the fact that the gambling industry has been in Thailand for many years, and a gambling tax was first imposed on the gambling industry during the reign of King Rama V. Gambling tax revenue can be more stable than any other tax revenue source, and it can also provide many opportunities for Thai urban development. Gambling taxes, while providing stable revenue to the Thai government and encouraging urban development, are incompatible with Thailand's deep Buddhist teachings. Thailand's economy has benefited from the gambling industry, but it has also increased criminal activity. In order to promote socio economic development, the Thai government has enacted a series of strict gambling laws that limit Thai people's participation in gambling.