Nepal’s New Casino Policies May Affect the Future Foreign Investments

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Nepal’s New Casino Policies May Affect the Future Foreign Investments

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The new bill also doesn’t have any clarifying clause that highlights the casino’s operating distance. The new law allows casinos and electronic gaming houses to operate within three kilometers of Nepal’s international borders. The previous rule mandated a minimum distance of five kilometers from the border, but due to the involvement of old period clauses under this new law, has created a rift for frustration among hotel owners.

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This new regulatory framework has caused tension in the country, speculating a cut in foreign investors. A violent altercation at a local casino in Panjim turned deadly late last night, resulting in the death of a security personnel. The incident reportedly involved a guest from Hyderabad, who has since been arrested by the Panjim Police. Buy low & sell high with access to Stock Score, Upside potential & more.

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