The Nepali government is stepping up its game with a proposed new casino law designed to tighten regulations and clamp down on foreign investments in the gaming industry. This move is part of the larger Integrated Tourism Act and it introduces several key measures aimed at reshaping the landscape of casinos in Nepal.
Key Points
- The proposed law limits foreign ownership in casinos to 49%, down from 90%.
- New regulations include stricter licensing requirements and compliance protocols.
- Casinos must maintain a distance of at least 5 kilometers from international borders.
- Existing casinos within 3 kilometers from the border can continue operations.
- Potential operators must set up separate companies and partner with hotels to secure licenses.
Why should I read this?
If you’re curious about the shifts in Nepal’s gaming industry or have an interest in international gaming regulations, this article is a must-read. The proposed changes could significantly impact foreign investment in the region and alter the competitive landscape of casinos. So, don’t miss out on these developments that could pave the way for either new opportunities or challenges in the sector!
