Gambling has been a part of Thai culture for centuries. It’s so engrained in the society that it is not only legal, but also encouraged by the government.
In recent years there has been an increase in online gambling platforms for people to participate in from their homes or mobile devices. This article will explore how this new phenomenon came about and what you can expect going forward with these innovations
We will explore the history of gambling in Thailand.
History Of Gambling In Thailand
Gambling has been a part of Thai culture for centuries. It’s so engrained in the society that it is not only legal, but also encouraged by authorities.
In recent years there has been an increase in online gambling platforms for people to participate from their homes or mobile devices.
This article will explore how this new phenomenon came about and what you can expect going forward with these innovations.
First we should examine some aspects of traditional gambling as practiced throughout Thai History. Gambling was first introduced into Thailand around 500 CE when Buddhism became established there.
The practice spread quickly through Southeast Asia because many Buddhist priests were gamblers themselves which led to gambling becoming a part of Thai culture.
Gambling was also seen as an expression of generosity and became popular in many Buddhist cultures because it helped generate merit for people through the act of giving money away.
The history of online gambling is relatively recent. It began on college campuses around 2000 when students would play poker with each other via AOL Instant Messenger (AIM).
Later, websites were created that allowed players from all over the world to compete against one another without having to be present at a table or casino which led them into real-money casinos like PokerStars.
These platforms are usually regulatory approved by gaming authorities and require identification verification before being able to deposit funds.
Finally, let’s look forward at what we can expect in the future.
What The Future Holds?
One of the biggest developments this year was Facebook’s approval to offer real-money gambling through a new app.
They will be partnering with companies like Zynga, MGM Resorts International and Scientific Games Corporation for this move which could open up an entirely new market that is difficult to regulate.
It has been said that “Gambling may not be good for you, but it’s great for us.” This statement couldn’t be more accurate when talking about Thailand who have had gamblers since 500 CE as documented by Buddhist monks themselves.
The spread of gambling throughout Southeast Asia was rapid due to many Buddhists priests being gamblers themselves. Gambling became popular because it helped generate merit.
In the past, gambling in Thailand was limited to betting on cock fights and horse races. There were no casinos or lotteries, but Thai people loved to bet with each other using a variety of methods such as dice games and cards.
The thrill of winning big money fueled these activities for years until they became more formalized into what we know today as gambling establishments.
Since then, gamblers have been spending increasing amounts of time wagering online which has led many major casino operators (such as Caesar’s Entertainment) to jump on the bandwagon by developing their own sites that cater exclusively towards this market segment.
Thanks to technological advancements it is now possible for anyone who can afford an internet connection and computer screen, anywhere in the world, to access these sites and partake in all the excitement of playing casino games online.
Thailand is no different, as people have been using their smartphones to gamble for years now with apps like Slotomania (popular among Thai gamblers).
The ubiquity of gambling has led to an increase in overall profits which can be seen by looking at statistics from previous years.
For example, revenues from land-based casinos increased by over 30% between 2010 and 2011 according to a report released by Gambling Commission Thailand!
Income generated from online gaming also soared during this time period thanks largely to mobile devices such as tablets and Smartphones.
This surge was attributed mainly because it is easier than ever before for someone who doesn’t live anywhere near a casino to play games, which is leading some people to worry that this will cause an increase in gambling addiction rates.
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