• About Us
  • The Team
  • Advertise with Us

The latest news on the gaming industry in Asia

() () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () ()
  • Home
  • Macau
  • Philippines
  • Singapore
  • Japan
  • Rest of Asia
  • World
  • Features
  • Industry Talk
  • Trends & Tech
  • follow
    • Facebook
    • Twitter
    • RSS Feed
    • LinkedIn

Nepal to regulate casino biz via a Casino Act: report

Jun 04, 2018 Newsdesk Latest News, Rest of Asia, Top of the deck  


Nepal to regulate casino biz via a Casino Act: report

The Nepal government is to regulate the country’s casino industry via a Casino Act to be submitted in draft form to the cabinet this week, reported on Friday the Kathmandu Post newspaper.

“We will be submitting a draft to the cabinet… for its approval in principle to prepare a Casino Bill 2018,” said Ghanshyam Upadhyay, spokesperson for the Ministry of Tourism, as quoted by the news outlet.

The person added that the Ministry of Law, Justice and Parliamentary Affairs had approved an initial draft and that after being nodded by the cabinet, the detailed provisions would be formed. The aim, it was said, was to promote “investment and employment in the industry”.

According to the report, the current casino regulatory framework in Nepal is complex and with some alleged loopholes.

The report said some of the country’s casinos operated following a code known as the Casino Regulation 2013.

The outlet said that under that regulation, casino operators have to pay a fee of NPR20 million (US$185,694) to obtain a casino operating licence. They are also reportedly required to renew the licence annually by paying 50 percent of the operating licence fee.

According to the news outlet, casinos also currently need to pay a second levy – a NPR30-million annual fee under Nepal’s Financial Act. That annual payment is reportedly being increased by one-third, to NPR40 million, in financial year 2018-2019.


  • tweet
Related articles
  • Silver Heritage Vietnam casino biz still weak: firm
    Silver Heritage Vietnam casino biz...

    Jan 31, 2019  

  • VIP hurts Tiger Palace hold, owner mulls a land sale
    VIP hurts Tiger Palace hold, owner...

    Dec 03, 2018  

More news
  • Aristocrat buys PlayerMax digital assets for use in Oasis 360
    Aristocrat buys PlayerMax digital...

    Feb 22, 2019  

  • Macau junket business growth fastest overseas: MS
    Macau junket business growth fastest...

    Feb 22, 2019  


Latest News

Aristocrat buys PlayerMax digital assets for use in Oasis 360

Aristocrat buys PlayerMax digital assets for use in Oasis 360

Feb 22, 2019  

Aristocrat Leisure Ltd now owns the source code and intellectual property for the casino mobile device technology PlayerMax. The suite of digital assets used for marketing was purchased for an...
Read More
Macau junket business growth fastest overseas: MS

Macau junket business growth fastest overseas: MS

Feb 22, 2019  

Finance boss leaving, MGM Resorts reshuffles senior team

Finance boss leaving, MGM Resorts reshuffles senior team

Feb 22, 2019  

Lawrence Ho further increases stake in Melco Resorts

Lawrence Ho further increases stake in Melco Resorts

Feb 22, 2019  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Pick of the Day

"We are building momentum and continuing to grow our business while at the same time operating more efficiently"

Barry Cottle

Chief executive and president of casino equipment maker and lottery services supplier Scientific Games



Most Popular

  • SJM to finish Lagerfeld hotel after death of couturierSJM to finish Lagerfeld hotel after death of couturier February 20, 2019
  • Deal to reveal details in Wynn ‘sex misconduct’ probeDeal to reveal details in Wynn ‘sex misconduct’ probe February 21, 2019
  • Melco Resorts 4Q profit up 58pct, firm ups dividendMelco Resorts 4Q profit up 58pct, firm ups dividend February 20, 2019
  • Macau world centre wish needs local resort input: scholarMacau world centre wish needs local resort input: scholar February 20, 2019
Copyright 2014-2019 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us