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History of Gambling in Thailand Wagering has a very long history in Asia, dating back to to the particular 10th century whenever it was the popular form involving entertainment among the men and women. However, gambling was officially banned in the early 20 th century due to its negative sociable and economic effects. In 1930, the Gambling Act seemed to be introduced to prohibit all forms associated with gambling in the particular country. Despite typically the ban, gambling continued to thrive within underground and illicit markets. In typically the 1960s,