Justice Minister Somsak Thepsutin has ordered the drafting of new standards for animal fights and racing, to attract visitors, raise the value of the animals and boost tax revenue.
Mr Somsak said on Monday that officials would collaboratively draft the new law. It would cover animal fighting and racing with legalised gambling, and pave the way for the development of pedigrees to increase the value of the animals.
The minister said this followed the Interior Ministry giving approval for provincial governors to resume local competitions such as bull, cock and fish fighting and horse racing, together with related gambling.
"It will be a soft power that will stimulate the Thai economy and attract foreign tourists. Animal competitions in the various regions are a long-standing lifestyle and tradition for Thais," Mr Somsak said.
"The new law will be beneficial to people. Sports animals such as bulls and cocks can be exhibited for tourists. There will be internationally accepted rules for the fights... This will attract visitors, and more admission fees will be collected," the justice minister said.
He also foresaw the development of pedigrees for the bulls, cocks and horses involved, which he said would raise their value.
"I want all sections of the ministry to collaborate," Mr Somsak said.
"As for gambling, it we legalise it, have online platforms and collect tax, the state will earn revenue for national development... Once the law comes into effect, it will benefit many villagers and farmers," Mr Somsak said.