Several casinos in Nepal’s capital Kathmandu that had shut down – after the government introduced codified casino regulations in April last year – are planning to resume business, reports the Nepalese English language news outlet My Republica.
Ten casinos in the capital reportedly had been ordered to cease operations after failing to clear outstanding dues owed to the government.
Casino Mahjong based at the Crowne Plaza Kathmandu-Soaltee (pictured) has already acquired permission from the Tourism Department to resume operations, the online portal reports.
“We are running a trial version at present and we will resume operations from next week,” said Binod Shrestha, managing director of Casino Mahjong, quoted by the news outlet.
Casino Royale at Hotel Yak and Yeti also reportedly resumed its operations from February 1 after the country’s Supreme Court issued a stay order which My Republica said allowed the casino to run as per rules existing prior to the new regulations.
An entity called Valley Link which reportedly used to run Casino Rad at the Radisson Hotel Kathmandu; the management of Casino Tara at the Hyatt Regency Kathmandu; and the management of Casino Venus at the Malla Hotel in Kathmandu had all individually sought to acquire a new gaming licence from the government, said My Republica.
Oct 20, 2020Gradual improvement in Macau’s gross gaming revenue (GGR) levels should serve as a “tailwind” to drive up pricing of Macau gaming stocks, says Deutsche Bank Securities Inc. “We...
Oct 20, 2020
”China has been strengthening the control over capital flow, and the impact of that has already been reflected [on Macau’s gaming revenue trend]. There should not be any bigger impact from the new… legislation [on the mainland] … on the gaming revenue trend here”
Wilfred Wong Ying Wai
President of Macau casino operator Sands China