Connect with us

Thailand

World Cup gambling slated to reach B$43bn

Published

 on 

World Cup gambling slated to reach B$43bn | Thaiger

PHUKET MEDIA WATCH

– Thailand news selected by Gazette editors for Phuket’s international community

World Cup gambling slated to reach B$43bn
The Nation / Phuket Gazette

PHUKET: Thais are expected to spend an estimated Bt69 billion during the upcoming football World Cup in Brazil – with gambling on matches forecast to generate Bt43.5 billion alone, according to a University of the Thai Chamber of Commerce (UTCC) survey.

The total amount represents a 16-per-cent increase in spending compared to the 2010 World Cup in South Africa, and a 6.6 per cent rise compared to Euro 2012.

However, despite expected higher spending during this tournament benefiting the economy, the expected huge outlay on gambling could create economic and societal problems, Thanavath Phonvichai, director of UTCC’s Economic and Business Forecasting Centre, said yesterday.

“From a total amount of almost Bt70 billion in a month, only about Bt26 billion will be injected into the economy it seems that people of late have shown less of an interest in football matches themselves and more interest in the potential benefits of gambling during a time of economic recovering,” he said.

He called for relevant government agencies to closely monitor the gambling problem.

Thanavath pointed out that with spending during the World Cup and farmers receiving payments under the rice-pledging scheme, the economy will show a clearer sign of recovering soon.

A UTCC poll of 1,229 people showed that 50.6 per cent of respondents expect to make a return from gambling during the tournament June 12 to July 13 compared to 43 per cent during the Euro finals in 2012. Almost 50 per cent said they would watch games but would not gamble.

The average spend on gambling during the event will be Bt5,072 per person, the UTCC found, with the main sources of funds salary (53.8 per cent), savings (21.9 per cent), bonuses (11.5 per cent), parents (9.9 per cent) and loans (2.9 per cent).

Kalin Sarasin, secretary general to the Thai Chamber of Commerce, said that many businesses would enjoy growth during the tournament,

— Phuket Gazette Editors

 

Get more from The Thaiger

Join the conversation and have your say on Thailand news published on The Thaiger.

Thaiger Talk is our new Thaiger Community where you can join the discussion on everything happening in Thailand right now.

Please note that articles are not posted to the forum instantly and can take up to 20 min before being visible. Click for more information and the Thaiger Talk Guidelines.

Archiving articles from the Phuket Gazette circa 1998 - 2017. View the Phuket Gazette online archive and Digital Gazette PDF Prints.

Follow Thaiger by email:

Thailand10 mins ago

Thailand News Today | Poll says 64% Thais had enough with PM Prayut

North East30 mins ago

10 year old killed & 5 injured after pickup hits motorbike sidecar

Crime54 mins ago

Court releases Mountain B owner on bail for 300k baht following fire in eastern Thailand

Sponsored7 hours ago

Super luxury villas in Phuket with breathtaking ocean views

Coronavirus (Covid-19)1 hour ago

Thailand has 5 BA.2.75 antibody-resistant Covid-19 sub-variant

Tourism1 hour ago

UK student conquers mountain in Thailand blindfolded

Home Services2 hours ago

Top 5 reasons to get a maid service in Thailand

Join the conversation on the Thaiger Talk forums today!
Cambodia2 hours ago

Nigerian monkeypox case who fled Thailand is banned from Cambodia for 3 years

Thailand2 hours ago

Red Shirts lead rally against Thailand PM on August 23

Bangkok3 hours ago

Emirates is recruiting cabin crew in Thailand

Thailand3 hours ago

Netizens slam cannabis firm for encouraging underage users

Transport3 hours ago

Drunk driver in 2 hit-and-runs drags motorbike taxi 300 metres

Guides4 hours ago

Al fresco dining: where to dine outdoors in Bangkok

Ask an Agent4 hours ago

If your real estate agent does these things – Run!

Thailand4 hours ago

Thai man dies of suspected heart attack in love motel

Thai Life4 hours ago

Monsoon season in Thailand explained

Thailand11 months ago

Morning Top Stories Thailand | Police to end protests, Human Trafficking | September 14

Thailand1 year ago

Thailand News Today | Thai Airways in rehab, All go for Songkran | March 4

Tourism1 year ago

Phuket’s nightlife. Yes, bars and clubs are still open | VIDEO

Phuket1 year ago

Thailand News Today | Covid passport talks, Thai Airways heads to court | March 2

Tourism1 year ago

Phuket Thai food treats you need to try | VIDEO

Thailand1 year ago

Thailand News Today | Bars, pubs and restaurants ‘sort of’ back to normal | Feb 23

Tourism1 year ago

In search of Cat & Dog Cafés in Phuket Town | VIDEO

Thailand2 years ago

Thailand News Today | Gambling crackdown, Seafood market to reopen, Vlogger challenge | Jan 21

Thailand2 years ago

Thailand News Today | Covid testing for visas, Business impact, Vaccine approval | January 19

Thailand2 years ago

Thailand News Today | Weekend Bangkok bombs, Thailand fires, Covid update | January 18

Thailand2 years ago

Thailand News Today | Stray car on runway, Indonesian quake, 300 baht tourist fee | January 15

Thailand2 years ago

Thailand News Today | Governor off respirator, sex-trafficking arrest, condo prices falling | January 14

Thailand2 years ago

Thailand News Today | Chinese vaccine, Thailand ‘drug hub’, Covid update | January 13

Thailand2 years ago

Thailand News Today | Bangkok may ease restrictions, Phuket bar curfew, Vaccine roll out | January 12

Thailand2 years ago

Thailand News Today | Covid latest, Cockfights closed down, Bryde’s Whale beached | January 11

Trending