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1. Admission of Illegality Strengthens, Not Reduces, Liability
Nawat openly states that PlayTime was previously illegal under Thai law and inaccessible in Thailand.
This admission establishes prior knowledge of risk.
If MGI later entered into cooperation despite this knowledge, it constitutes knowingly engaging in high‑risk conduct, which increases regulatory liability under SEC and SET governance standards.
2. No Evidence of Legalization or Regulatory Approval
Nawat claims PlayTime has “changed” and is now legal, yet provides:
- no license,
- no regulatory approval,
- no business registration change,
- no official announcement from Thai authorities.
Legality cannot be established through self‑declaration by a private company.
Without formal approval, the claim has no legal weight.
3. Avoidance of PT Gaming Connection Is a Critical Omission
PlayTime’s own website redirects users to PT Gaming, a gambling platform.
This establishes a single economic entity.
Nawat’s explanation avoids this entirely, leaving the core compliance issue unaddressed.
Under Thai law, promoting a brand that is structurally linked to a gambling platform still constitutes promotion of a gambling‑related entity, regardless of front‑end rebranding.
4. Entertainment Content Does Not Change Corporate Structure
Nawat cites concerts, mini‑series, and “cat pictures” as evidence of legality.
However, Thai regulatory assessment is based on:
- ownership,
- corporate structure,
- economic control,
- revenue sources,
- platform linkage.
Cosmetic changes to website content do not alter the underlying legal classification.
5. “System Adjustments” Suggest Regulatory Evasion, Not Compliance
Nawat states that PlayTime “adjusted their system” to work with MGI.
This implies structural modification to avoid detection, which regulators classify as regulatory evasion behavior.
Such actions increase scrutiny rather than reduce risk.
6. No Evidence That Gambling Operations Have Ceased
Nawat does not state that:
- PT Gaming has shut down,
- gambling services have ceased,
- licenses have been revoked,
- servers have been removed.
If the gambling arm continues to operate, the group remains a gambling entity under Thai law.
7. Partnership Still Meets the Legal Criteria for Promotion of a Gambling‑Related Entity
Under the Thai Gambling Act, the offense is defined by:
- exposure in Thailand,
- promotion of a gambling‑linked entity,
- facilitation of access,
- failure of due diligence by a listed company.
MGI’s cooperation with PlayTime satisfies all four elements, regardless of PlayTime’s claimed “rebranding.”
8. No Regulatory Body Has Confirmed PlayTime’s Legality
Nawat’s explanation lacks:
- NBTC approval,
- MOC/DBD registration changes,
- AML clearance,
- SEC disclosure.
Without official confirmation, PlayTime cannot be considered legally transformed.
Conclusion
Nawat’s statements do not resolve the legal concerns.
They introduce additional issues:
- prior knowledge of illegality,
- absence of regulatory approval,
- avoidance of PT Gaming linkage,
- reliance on cosmetic changes rather than structural compliance.
Therefore, MGI’s exposure under Thai law and SEC/SET governance standards remains unchanged.
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